Leading steel manufacturer ArcelorMittal Nippon Steel India on Thursday moved the Delhi High Court seeking a stay on GAIL (India) Ltd’s notice to terminate a 2022 agreement for supply of liquefied natural gas (LNG) for its steel plant in Hazira, Gujarat.
The steel manufacturer wants a direction to GAIL to continue supply of LNG, particularly in November, till the arbitration tribunal decided the dispute between them. It has also asked the high court to restrain the central public sector undertaking from taking any coercive action, including exhausting and alienating the LNG quantity which allegedly the state-owned firm is duty-bound to supply to it.
