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Government slaps $579 million penalty on Reliance Industries Ltd-Times of Oman

Monday, 14 Jul 2014 08:00pm EDT 

Reliance Industries Ltd:The Indian government has announced a new penalty of $579 million on Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row-Times of Oman.Oil Minister Dharmendra Pradhan told parliament that Reliance supplied only 9.77 million standard cubic meters per day of gas from its KG-D6 gas field in the Bay of Bengal last year, a fraction of its target of 80 million. 

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17 Apr 2015