RIL's new gas find in KG basin

Reliance Industries Ltd. (RIL) on Wednesday announced discovery of gas reserves for the first time in the deep sea block in the Krishna Godavari basin off East Coast. According to an official spokesman here, the discovery was made in block KG-DWN-2003/1, lying about 50 km from Machilipatnam in Andhra Pradesh. The block was awarded to RIL in the fifth round of auction under the New Exploration Licensing Policy (NELP). Dhirubhai-39