RIL to seek injunction against KG-D6 auction.

Reliance Industries (RIL) recently said the Supreme Court that it would seek an injunction from an arbitration panel against auction of five blocks in the KG D6 basin which it had relinquished under protest. Further, it said it would sue the government for damages and compensation for the delay if it won in arbitration proceedings.

RIL counsel Harish Salve said RIL would not share its infrastructure if someone else gets those blocks in an auction. 'Out of nine of our discoveries, the government only sanctioned four,' Salve said.

He said RIL has asked for a price of $6 per unit for gas from these blocks but the government turned down the request and instead asked it to relinquish the blocks.


ET