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RIL cries it's being penalised twice over for one crime

Last Updated: Sunday, September 29, 2013, 14:52

Reliance Industries has said it is being punished twice over -- first by levy of a USD 1.78 billion penalty and then by being denied a gas price revision, for a single crime of not producing in line with projections that were not even contractual commitments.

Govt seeks clarification from RIL on revised KG-D6 investment plan

Last Updated: Tuesday, May 07, 2013, 17:54

The government has asked for certain clarifications from Reliance Industries on the revised investment plan the company had submitted for the main gas producing fields in the eastern offshore KG-D6 block.