Government to slap additional penalty of $578 million on Reliance - TopicsExpress

Government to slap additional penalty of $578 million on Reliance Industries The government plans to impose an additional penalty of USD 578 million on Reliance IndustriesBSE -2.72 % for producing less-than-targeted natural gas from its eastern offshore KG-D6 block. The penalty in the form of disallowing costs incurred on the field will be for missing the target in 2013-14, a government source said. With this, the total costs disallowed will increase to USD 2.375 billion. Read more at: bit.ly/1lXl8UN

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