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Rediff News  All News  » Business » No undue benefit from KG gas, argues RIL

No undue benefit from KG gas, argues RIL

April 24, 2014 09:25 IST

Reliance Industries on Wednesday assailed reports of the Comptroller and Auditor General and expert P Gopalakrishnan, which have alleged the company got undue benefits pertaining to Krishna-Godavari basin gas and its pricing.

Responding to suits on the issue by Communist Party of India leader Gurudas Dasgupta and non-profit Common Cause, RIL counsel Harish Salve told the Supreme Court these reports were not authoritative.

He said CAG hadn’t heard RIL’s case before producing its report; the report was meant for Parliament and SC should not pass a judgment based on it. 

The issues mentioned in the report are under arbitration. He said Gopalakrishnan’s report was wrong on aspects such as pressure of gas extracted and production methods.

BS Reporter in New Delhi