Legal29 Dec 2025, 09:34 pm
Reliance Industries Denies $30 Billion Claim from India for Underproduction from Gas Field
AI Summary
Reliance Industries Limited (RIL) has issued a media statement denying the claim of $30 billion from India for underproduction from the KG D6 gas field. The company states that the report is factually incorrect and based on unnamed and unidentified sources. The actual claim by the Government of India, as disclosed by RIL, is of the order of $247 million. The matter is sub judice and will be determined by the country's judicial system. RIL, along with its partner BP, has at all times complied with its contractual and legal obligations.
Key Highlights
- Reliance Industries denies $30 billion claim from India for underproduction from gas field
- The claim is factually incorrect and based on unnamed sources, according to RIL
- The actual claim by the Government of India is $247 million
- The matter is sub judice and will be determined by the country's judicial system
- RIL and its partner BP have at all times complied with their contractual and legal obligations