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04 Nov 2016

ONGC gas row: Govt imposes $1.55 billion demand on Reliance Industries and its partners BP, Niko

Government has slapped a USD 1.55 billion demand on Reliance Industries and its partners BP and Niko for "unfairly enriching" by producing natural gas belonging to state-owned ONGC, a move that is most likely to land in arbitration.

18 Aug 2016

Govt slaps $380 mn additional penalty on RIL

Government has slapped an additional penalty of USD 380 million (around Rs 2,500 crore) on Reliance Industries and its partners for producing less than targeted natural gas from eastern offshore KG-D6 fields.

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