Reliance Industries Denies $30 Billion Government Claim for KG-D6 Gas Field Underproduction
8 hours agoBusiness
36LENS
10 SourcesNew Delhi, India
TBNthebalanced.news
Reliance Industries Denies $30 Billion Government Claim for KG-D6 Gas Field Underproduction

Reports emerged that India is seeking over $30 billion in compensation from Reliance Industries and BP for alleged underproduction from the KG-D6 gas fields. However, Reliance Industries has strongly refuted these claims, calling them factually incorrect and irresponsible. The company stated that the actual government claim is approximately $247 million, a figure consistently disclosed in its financial statements. The dispute centers on disallowed investment costs and production shortfalls, with arbitration proceedings ongoing and an award expected next year.

Political Bias
21%45%34%
Sentiment
46%