CAG Says Ministry Was Aware Of Flaws In Decision But Didn’t Do Anything

British oil major BP has completed the acquisition of 30 per cent stake in 21 oil and gas production sharing contracts operated by Reliance Industries Ltd.

An audit of production-sharing contracts reveals violations that have hurt the interests of the public. (Editorial)

The Comptroller and Auditor-General today said it is in the process of finalising its report on Reliance Industries’ KG-D6 gas fields.

The coal ministry on Tuesday threatened cancelling allocations of a block being jointly developed by the world

A day after voluntary Corporate Social Responsibility (CSR) guidelines were released by the Government, Mr Mukesh Ambani, Chairman, Reliance Industries Ltd, said that India needs a unique development model for equitable economic growth.

New Delhi: Reliance Industries Ltd

Reliance Gas Transportation Infrastructure (RGTIL) is reluctant to build two pipelines it had planned because no gas has been allocated, but it wants to hold on to the licence for the projects, which would become attractive if Reliance imports LNG, a source close to the company said.
The company, privately owned by Mukesh Ambani and other promoters of Reliance Industries, was planning to build th

Clearing the last hurdle, the Home Ministry has given unconditional approval for UK's BP to buy a 30 per cent stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for $7.2 billion.

The Ministry of Home Affairs wrote a one-page letter to the Petroleum Ministry on June 1 giving security clearance and a no-objection certif

The Home Ministry has given unconditional approval to Reliance Industries for the sale of a 30 per cent stake in 23 oil and gas properties, including the Mukesh Ambani-led firm