Reliance Natural Resources

ANIL`s claim as per Agreement--???

Posted by : dhalpya
Price when posted : BSE: Rs 49.75 ( 0.91 % ), NSE: Rs. 49.70 ( 0.81 % )

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i cannt digest the pricing ZOLE ,can anybody tell me whats the future of this rut RNRL i am stuk at 1000 x148.how can i recover?
is it better to change to REL INFRA ?...

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ANIL`s claim as per Agreement--???

Posted by : rvk41

Reliance Industries (RIL) cannot sell gas to anybody at a price less than USD 4.20 per British thermal units (BTU) without approving the pricing formula; the government informed the Bombay High Court through an affidavit, reports Economic Times.

Division bench of Justices J N Patel and K K Tated was hearing the dispute between RIL and Relaince Natural Resources (RNRL) over gas supply master agreement pertaining to supply of natural gas from RIL`s Krishna Godavari reserves to RNRL`s power plants at a predetermined price.

RIL had argued that it could not supply gas to RNRL at USD 2.34 per mmBTU, which RNRL argued was in accordance with the memorandum of understanding between Ambani brothers before the Reliance (Q, N,C,F)* demerger. RIL had contended that the price at which RNRL sought the gas was subject to government`s approval, which in turn, the government endorsed in its affidavit filed.

The government`s affidavit stated that price formula approved by eGOM and subsequently accepted by RIL, is applicable to ``all gas``, including government`s share as well as the gas which RIL will sell to other parties.

For information,with regards
rvk41

ANIL`s claim as per Agreement--???

Posted by : rvk41
Price when posted : BSE: Rs 49.75 ( 0.91 % ), NSE: Rs. 49.70 ( 0.81 % )

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Reliance Industries (RIL) cannot sell gas to anybody at a price less than USD 4.20 per British thermal units (BTU) without approving the pricing formula; the government informed the Bombay High Court through an affidavit, reports Economic Times.

Division bench of Justices J N Patel and K K Tated was hearing the dispute between RIL and Relaince Natural Resources (RNRL) over gas supply master agreement pertaining to supply of natural gas from RIL`s Krishna Godavari reserves to RNRL`s power plants at a predetermined price.

RIL had argued that it could not supply gas to RNRL at USD 2.34 per mmBTU, which RNRL argued was in accordance with the memorandum of understanding between Ambani brothers before the Reliance (Q, N,C,F)* demerger. RIL had contended that the price at which RNRL sought the gas was subject to government`s approval, which in turn, the government endorsed in its affidavit filed.

The government`s affidavit stated that price formula approved by eGOM and subsequently accepted by RIL, is applicable to ``all gas``, including government`s share as well as the gas which RIL will sell to other parties.

For information,with regards
rvk41...

Anil stand to GAIN

Posted by : rvk41
Price when posted : BSE: Rs 49.75 ( 0.91 % ), NSE: Rs. 49.70 ( 0.81 % )

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The government is unlikely to tell the Bombay High Court today that it has the power to decide the selling price of natural gas produced from Reliance Industries` Krishna Godavari basin, going by its stated position in the Parliament so far.

A division bench hearing the case had on Tuesday asked the government to give a clear `yes` or `no` on whether the Mukesh Ambani-promoted firm has the freedom to price its gas as it wants. The government counsel had sought time till Friday to file a reply.

RIL`s case against honouring its gas supply contract with Anil Ambani`s Reliance Natural Resources Ltd (RNRL) would get a much needed shot in the arm if the government claims the right to price the gas.

RIL stands to gain or lose more than Rs 77,000 crore from its two cases against RNRL and state-owned National Thermal Power Corporation (NTPC).

The government`s stand on the issue in the Parliament has been that it does not interfere in the sale price of gas, but only approves the "formula or basis on which the prices shall be determined for the purposes of determining the government take."

For information,with regards
rvk41...

Buy Now!

Posted by : KARUNAS
Price when posted : BSE: Rs 49.30 ( -1.69 % ), NSE: Rs. 49.30 ( -1.69 % )

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It looks that these inflation figures are artificial in nature because the reduction in ATF and Furnece Oil to the tune of 18% is heardly going to have any impect on the general public....

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Buy Now!

Posted by : vikash munshi

Dear investors in my view the panic session is now over, inflation is now coming in control, oil prices are also fall drastically and the main thing is that- Britain too remove restriction from Nuclear deal from India.
The Reliance Natural is the Best Share in my view to invest in. With in 2 month can be touch 3 digit no.

Buy Now!

Posted by : nagarjuna fert
Price when posted : BSE: Rs 50.15 ( -7.39 % ), NSE: Rs. 50.15 ( -7.39 % )

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Beware RNRL will loss the court case. A fall is sure from this 50 levels to 30`s in a single day...

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Buy Now!

Posted by : vikash munshi

Dear investors in my view the panic session is now over, inflation is now coming in control, oil prices are also fall drastically and the main thing is that- Britain too remove restriction from Nuclear deal from India.
The Reliance Natural is the Best Share in my view to invest in. With in 2 month can be touch 3 digit no.

NEXT HEARING DATE

Posted by : bdj
Price when posted : BSE: Rs 50.15 ( -7.39 % ), NSE: Rs. 50.15 ( -7.39 % )

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Dear MBMSR,
The case is adjourned for hearing on this Friday. Good luk to you.
...

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NEXT HEARING DATE

Posted by : MBMSR

Can ANYone INForm THE NEXT DATE OF HEARING SCHEDULED. EVEN FORWARD LINKS on this matter and oblige.

Buy Now!

Posted by : vikash munshi
Price when posted : BSE: Rs 50.65 ( -6.46 % ), NSE: Rs. 50.90 ( -6.00 % )

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Dear investors in my view the panic session is now over, inflation is now coming in control, oil prices are also fall drastically and the main thing is that- Britain too remove restriction from Nuclear deal from India.
The Reliance Natural is the Best Share in my view to invest in. With in 2 month can be touch 3 digit no.
...

Day Trading

Posted by : cooki
Price when posted : BSE: Rs 54.15 ( 4.74 % ), NSE: Rs. 52.85 ( -2.40 % )

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Dear Investors ! Don`t you think that this currentt new trend of market (one day rising and the other day falling ) is not a new stretigy of big fish in share market to make money ? If you remember on last friday when all the stock markets across the world were in negative, indian market was closed positive because previous two session were in negative. ...

NEXT HEARING DATE

Posted by : MBMSR
Price when posted : BSE: Rs 53.35 ( 3.19 % ), NSE: Rs. 53.40 ( 3.39 % )

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Can ANYone INForm THE NEXT DATE OF HEARING SCHEDULED. EVEN FORWARD LINKS on this matter and oblige....

Question on RNRL

Posted by : Guest
Price when posted : BSE: Rs 52.75 ( 2.03 % ), NSE: Rs. 52.75 ( 2.13 % )

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In near future,its just not possible,Look for 2-3 years horizon to break even....

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Question on RNRL

Posted by : sahul

I am Sha and currently holding RNRL which I bought for Rs.141/Shr. Is there a scope for this to grow in near future? Looking at the website of RNRL and other headlines show a gloomy status. Please advise.

Question on RNRL

Posted by : sahul
Price when posted : BSE: Rs 52.45 ( 1.45 % ), NSE: Rs. 52.60 ( 1.84 % )

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I am Sha and currently holding RNRL which I bought for Rs.141/Shr. Is there a scope for this to grow in near future? Looking at the website of RNRL and other headlines show a gloomy status. Please advise....

TAREGET RS 110

Posted by : rose4money
Price when posted : BSE: Rs 52.80 ( 2.13 % ), NSE: Rs. 52.80 ( 2.23 % )

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Ya? Really, this will run like what thing?...

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TAREGET RS 110

Posted by : 300567

THIS WILL RUN LIKE ANYTHING NOW.THE TARGET IS RS 110

TAREGET RS 110

Posted by : dhalpya
Price when posted : BSE: Rs 51.70 ( 3.50 % ), NSE: Rs. 51.65 ( 3.30 % )

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to get anything double in this type of a mkt is not a joke,you seem either to be very close to anil,or jethamalani, or you shd be close to the punter in this stk. the tech/commercial data release of Q2 is relased there is nothing so shining, the dates of case r postponinig as a strategy,what is then making you to take this to 3digits even?????????
people r burnt in this stk try to give them correct feed back,no doubt if you can hv some news but whats supporting logic??????...

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TAREGET RS 110

Posted by : 300567

THIS WILL RUN LIKE ANYTHING NOW.THE TARGET IS RS 110

target

Posted by : mr.unlucky
Price when posted : BSE: Rs 51.70 ( 3.50 % ), NSE: Rs. 51.65 ( 3.30 % )

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can any1 tell me wat is the target of rnrl...

TAREGET RS 110

Posted by : 300567
Price when posted : BSE: Rs 51.70 ( 3.50 % ), NSE: Rs. 51.65 ( 3.30 % )

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THIS WILL RUN LIKE ANYTHING NOW.THE TARGET IS RS 110 ...