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Sunday, August 16, 2009

Anil Ambani on South India Tour

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


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