ONGC gas row: Reliance to contest $1.55 billion penalty imposed by government
India`s Reliance Industries Ltd is to contest a $1.55 billion fine imposed by the government on the company and its partners for selling gas belonging to the blocks of Oil and Natural Gas Corp, Reliance said in a statement.
Nov 04, 2016, 22:13 PM IST
ONGC gas row: Govt imposes $1.55 billion demand on Reliance Industries and its partners BP, Niko
Government has slapped a USD 1.55 billion demand on Reliance Industries and its partners BP and Niko for "unfairly enriching" by producing natural gas belonging to state-owned ONGC, a move that is most likely to land in arbitration.
Nov 04, 2016, 18:15 PM IST