RIL faces 40% cut in marketing margin on KG-D6 gas
RIL faces 40% cut in marketing margin on KG-D6 gas

Reliance Industries is facing a 40 percent cut in the marketing margin it charges on selling its KG-D6 gas to fertilizer and LPG plants after the government notified a ceiling of Rs 200 per thousand standard cubic meters (scm).

HC to decide on Aug 11 bench to hear RIL, Centre pleas

The Delhi High Court Thursday said it will decide on August 11 the bench that will hear RIL and the Centre's pleas against the city government's decision to lodge an FIR against two former Union ministers in connection with alleged irregularities in raising the price of gas from the company's KG6 basin.

RIL not following PSC be treated as default: Parl panel

A Parliamentary panel has asked government to treat Reliance Industries not drilling committed number of wells on the flagging KG-D6 gas fields as contractual 'default' and not just failure for taking remedial action.

RIL, partners to get $40 mn this fiscal from gas price hike

Reliance Industries and its partners will get about USD 40 million in additional revenue this fiscal for gas they produce from eastern offshore KG-D6 block after the government raised prices by 33 percent.

No gas from RIL's KG-D6 is being supplied to Bangladesh: Govt

The government today asserted that no gas from Reliance Industries' eastern offshore KG-D6 block was being supplied to Bangladesh.

Gas price: Govt joins arbitration initiated by RIL, partners

The government Thursday decided to join the arbitration initiated by Reliance Industries and its partners over delay in revision of natural gas prices, and named former Supreme Court judge G S Singhvi as its arbitrator.

Gas price hike: Mukesh Ambani says will win public trust

Facing criticism from certain political quarters over natural gas price hike, Reliance Industries Chairman Mukesh Ambani Wednesday expressed confidence the company will win public trust as it believes in creating wealth and livelihood for millions in a transparent manner.

RIL shares up over 3% on notice to govt

After surging 5 percent to Rs 1,048 - its 52-week high in intra-day trade, shares of the blue-chip firm ended the day at Rs 1,028.95, up 3.17 percent on the BSE.

RIL slaps arbitration notice over delayed gas price revision

RIL and its partners were to get a new rate from April 1 for gas from their Krishna Godavari basin KG-D6 fields.

Gas pricing row; RIL moves Delhi HC for quashing of FIR

Terming the FIR by erstwhile AAP government on gas pricing as "motivated" and a "political" gimmick, Reliance Industries Ltd (RIL) on Friday moved the Delhi High Court seeking its quashing on the ground that the issue fell within the domain of the Centre and is well beyond the power of the state government.

Gas price row: Centre denies allegations in SC

The Centre on Wednesday denied in the Supreme Court all allegations of collusion and malafide raised in petitions relating to contract given to Reliance Industries Ltd for exploration of oil and gas from Krishna-Godavari basin.

RIL, fertiliser companies fail to agree on gas supply terms

After an almost five-hour marathon meeting between RIL and urea companies, the two sides failed to settle on the rate at which gas supplies should be securitised.

OilMin summons RIL, consumers to discuss extending gas sales

The Oil Ministry has summoned Reliance Industries and consumers who use its KG-D6 gas for a meeting later this week to decide on extending sales contract beyond March 31.

RIL changes contracts, price to rise 10% over new rate of $8.3

Currently, most of the domestically produced gas is priced on NCV basis.

RIL's KG-D6 natural gas output drops again

After two months of increase, natural gas production from Reliance Industries' eastern offshore KG-D6 block has again started to drop.

RIL extends gains, climbs almost 2%

Reliance Industries shares extended gains and climbed almost 2 percent Monday on expectations of higher production at its gas fields in the KG-D6 block.

AAP attacks Narendra Modi, BJP on Reliance gas issue

The Aam Aadmi Party (AAP) on attacked Narendra Modi and BJP for keeping "mum" on the Reliance gas issue in which Mukesh Ambani is among others named in an FIR filed by the Anti-Corruption Branch of the Delhi government.

RIL to begin CBM gas production in 2015-16

Reliance Industries Ltd (RIL) plans to start production of natural gas from coal seams, called coal-bed methane (CBM), in Madhya Pradesh from 2015-16.

RIL-BP to quadruple KG-D6 output to 50 mmscmd by 2020

Having reversed the falling output at KG-D6, Reliance Industries and its partner BP plc will quadruple production at the eastern offshore fields to around 50 million standard cubic meters per day by 2020.

RIL starts gas production from new well in KG basin

Reliance Industries, which operates the Krishna-Godavari basin`s D6 block off the east coast, has started producing gas from the MA-8 well on January 1, its spokesman said on Thursday.