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RIL, KG-D6 partners fined $264 million

Wed, Aug 16 2017, 08:14 PM

The government has imposed a fine of $264 million on Reliance Industries and its partners for producing less than the targeted natural gas from their Krishna Godavari Dhirubhai 6 (KG-D6) offshore gas field in 2015-16. The fine is being slapped by disallowing the recovery of cost for missing the targets, which is a total of $3.02 billion since April 1, 2010