Centre imposes Rs 10,000 cr penalty on RIL and its partners

Government has slapped a nearly 10,000 crore rupee fine on Reliance Industries Limited (RIL) and its partners BP and Niko for pumping out gas that flowed to the Krishna Godavari-D6 Block from an adjoining field owned by ONGC. The Centre has given RIL a month to respond.

The Oil Ministry, in a notice, to all the three partners sought 1.47 billion dollars for producing nearly 338 million British thermal unit in seven years ended March this year.
Source – The Hindu

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