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Anil Ambani on a religious tour in South India
Thrissur
(Kerala): As the wrangle over the energy deal continues between
Ambani brothers, younger brother Anil Ambani has opted to go on
a religious tour of South India. Anil and his mother Kokilaben
visited Kerala's famous Guruvayoor temple on Saturday. The Ambanis
will also visit the Meenakshi Temple in Madurai and temple town
of Rameshwaram, both in Tamil Nadu, on Sunday. Top Indian conglomerate
Reliance Industries, headed by billionaire Mukesh Ambani, and
Reliance Natural, led by Anil Ambani, have crossed swords over
the terms of a gas-supply agreement struck when the Reliance empire
was split in 2005. The latest tussle stems from the 2005 break-up
of the Reliance empire after their father Dhirubhai Ambani's death.
It has raised concerns of discouraging investment in India's gas
sector even as the country scrambles to shore up its energy security.
The gas dispute relates to the vast Krishna Godavari basin on
India's east coast. In April, Reliance Industries started pumping
natural gas from its massive deep-sea field in the Bay of Bengal,
which at full throttle will nearly double India's gas output.
-Aug 16, 2009
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