RIL SEES UP TO $400 MN LIABILITY IN KG-D6 DISPUTE

NEW DELHI: Reliance Industries Ltd (RIL) has estimated a maximum liability of $400 million (₹3,000 crore) in its nine-year old dispute with the government over alleged under-utilisation of capacity at the KG-D6 field due to failure to comply with an approved investment plan. Natural gas output from Dhirubhai-1 and three gas fields in the KG-D6 block in the Bay of Bengal started to lag company projections from the second year of production in 2010 and the field ceased to produce in February this year much ahead of its projected life.