Published On: Mon, May 14th, 2018

Will Babu issue an ultimatum to Ambani?

Andhra Pradesh chief minister, Chandra Babu Naidu is good friends with the Ambani brothers and never misses an occasion to meet them in person. Not long ago, CBN met Mukesh Ambani and discussed the prospects of establishing petroleum and electricity generation plants in Andhra Pradesh. There were rumors that Mukesh was interested in establishing respective industries in the Telugu state.

The latest news is that CBN is all set to meet the younger brother, Anil Ambani soon. However, this purpose of this meeting is completely is completely different from that of Mukesh Ambani’s. Apparently, CBN will be asking Anil to return back the lands that were allotted to Anil Dhirubhai Ambani Group for industrial developments.

The government has sanctioned lands in Nellore and Vizag for Anil Ambani-led company for establishment of electricity generation industry, but there has been absolutely zero development in the project. Fearing public backlash, Babu has the strong decision and will be setting a deadline for Anil to return the lands back to the government of Andhra Pradesh. As per reports, the meeting is said to be held at 3 PM today(May 14th).