Wednesday, May 11, 2011

Gas Allocation & Utilization in India: Further Developments

In our last post, we had dealt with the case pertaining to allocation of natural gas. In the case filed by Welspun Maxsteel and Ispat, the Bombay High Court had directed the Government to hear the concerns of the petitioners. The counsel for the Government stated in the court that the Government would hear the petitioners as well as others who were affected by the directions given to Reliance to supply gas only to priority sectors. Pursuant thereto, the Government has called for a meeting to be conducted today (May 11, 2011) chaired by the Joint Secretary (Marketing), Ministry of Petroleum & Natural Gas for hearing the affected parties.

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