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KG-D6 gas News

29 Nov 2015

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).

Comptroller and Auditor General

05 May 2015

CAG raps OilMin for letting RIL charge marketing margin in dollars

Government auditor CAG Tuesday criticised the Oil Ministry for allowing Reliance Industries to charge a marketing margin on its KG-D6 gas in US dollars terms and not in rupees saying it will result in over Rs 201 crore excess subsidy payout on urea.

11 Mar 2015

Govt asks GAIL to remit incremental KG-D6 gas price every month

Government has asked GAIL to remit to the exchequer on a monthly basis the incremental gas price from RIL's KG-D6 field towards recovery of profit share it claims is due from the private firm.

Reliance Industries

07 Jan 2015

RIL gas payments to be invested in interest bearing deposits

After Reliance Industries demanded interest on KG-D6 gas payments flowing into gas pool account operated by GAIL, the state-owned firm has agreed to invest the receivables in short-term interest bearing deposits with public sector banks.

Reliance Industries

25 Nov 2014

RIL seeks interest on gas payments

Reliance Industries has sought interest on USD 1.41 a unit that buyers of its KG-D6 gas are paying into a gas pool account operated by GAIL India, saying the state-run firm ought to invest the amount due to RIL in good interest-bearing instruments.

23 Sep 2014

RIL gas output from KG-D6 likely to improve: UBS

UBS said it expects RIL's "core petrochemical, refining and domestic exploration and production businesses to improve over the next two years".

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