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RIL gets $2.8 bn demand notice from oil ministry
Business Standard
|March 05, 2025
Case relates to long-pending gas dispute over KG-D6 operations
Mukesh Ambani-promoted Reliance Industries (RIL) on Tuesday informed exchanges that it has received a $2.81 billion demand notice from the oil ministry over the long-pending gas dispute related to its KG-D6 operations.
In another stock exchange announcement, RIL also said its new energy business wholly-owned subsidiary has received a letter from the Ministry of Heavy Industries (MHI) levying liquidated damages related to its battery project.
Regarding the gas dispute, RIL said the Ministry of Petroleum and Natural Gas has raised a demand of $2.81 billion on the production sharing contract contractors—RIL, BP Exploration (Alpha), and Niko (Neco). RIL said it received the letter on Monday.
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