RIL’s Draft Gas Pact Shocks Fert Cos
  • Prabha Hedge
  • Mar 24 2014

March 24: Reliance Industries has introduced several new clauses for renewing gas-supply contracts with fertilizer makers. The move may hit the already financially stressed fertilizer companies, with the initial five-year Gas Sales and Purchase Agreement (GSPA) expected to expire on March 31. RIL had forwarded the new draft GSPA to fertilizer companies on March 6. Amritha Pillay shares a detailed report on the same.