RIL clarifies: Rs 10 lakh is court costs, not a penalty in NTPC gas supply case
RELIANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty 100 and 1.0 pts less than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RIL responded to NSE clarification on a news report claiming the Supreme Court fined RIL Rs 10 lakh for delaying an NTPC gas supply case. RIL clarified that no fine or penalty was imposed on the company. The Supreme Court dismissed RIL's appeal with costs of Rs 10 lakh payable to the Supreme Court Advocates on Record Association within 5 weeks. RIL stated no disclosure was required under SEBI LODR Regulation 30.
Mild negative — appeal lost with Rs 10 lakh costs payable, but RIL clarified the headline was misleading and no actual penalty was levied on the company.