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RIL inks gas supply pacts with Pragati Power, NTPC
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Pm News Bureau
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Friday, June 08, 2012, 11:54 Hrs [IST]
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After initially resisting, Reliance Industries Ltd has agreed to sign agreements with Pragati Power Corp. and NTPC for supply of natural gas from its eastern offshore KG-D6 fields. With output from KG-D6 continuing to decline, RIL was against signing new Gas Sale and Purchase Agreements (GSPA) as meeting new supply commitments would have meant cutting gas supplies to existing power plants.
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