CAG red-flags $1.6 bn excess cost recovery by RIL
Government auditor CAG has red- flagged USD 1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block and took note of state-owned ONGC's gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.
Aug 02, 2016, 20:11 PM ISTOil Ministry rejects RIL arbitration notice, terms it 'untenable'
The ministry held that the move is in accordance with the provisions of the contract and there's no dispute that needs to be arbitrated upon.
Apr 26, 2015, 14:05 PM IST