Reliance fined extra $380mn over low gas production
The Government has imposed an additional penalty of $380 million (around ₹2,500 crore) on Reliance Industries and its partners for producing less than targeted amount of natural gas from its KG-D6 block. The total penalty, in the form of disallowing recovery of cost incurred, for failing to meet the target for five fiscal years, is now a cumulative $2.76 billion.