Government’s recovery announcement makes Reliance Industries’ scrip lose pace
Shital Jibhe / 16 Aug 2017
Following the government’s move to recover the cost of developing KG-D6 fields in 2015-16 as the output from the field fell short of the target, the
Following the government’s move to recover the cost of developing KG-D6 fields in 2015-16 as the output from the field fell short of the target, the
The government has disallowed nearly USD 264 million of the exploration and production cost the consortium of RIL, BP Plc. and Niko Resources wanted to recover in 2015-16 from the revenue generated by their D6 block in the Krishna-Godavari (KG) basin, reported a leading business daily. The output from KG-D6 fields has remained far short of the targeted 80 million standard cubic metres a day (
The stock lost by about 1.16% to trade at Rs 1,554.95 per share on the BSE. On a yearly
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