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Tuesday 20 September 2011

CBI May file Case Against Reliance Industries

CBI May file Case Against Reliance Industries over its operations of its gas block in the Krishna Godavari basin. Earlier this month during investigations agianst Reliance Industries no evidence found that suggest that costs in development of the country's key natural gas field in the KG basin were overstated.The offshore KG basin was expected to contribute up to one-quarter the gas supply for India, but lower-than-expected output has left dependent on expensive, imported LNG to fuel power and fertiliser plants.
 

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