Reliance Industries Limited
MEDIA STATEMENT
The contents of the report titled “India claims $30 billion from Reliance Industries, BP for underproduction from gas field, sources say” are factually incorrect. The publication of a report such as this based on unnamed and unidentified sources is inappropriate and irresponsible.
There is NO claim of $ 30 Billion against Reliance and BP. The claim made by Government of India in relation to KG D6 Block is of the order of $ 247 Million which has been appropriately and consistently disclosed in the Company’s annual audited financial statements, in accordance with its disclosure requirements.
The matters referred to in the report are entirely sub judice and would be determined in accordance with the laws of the country by its judicial system, in which Reliance has full faith. Reliance Industries Limited, together with its partner BP has at all times complied with its contractual and legal obligations and take strong exception to mischaracterization of facts in the report.
Key Contact:
Tushar Pania
Reliance Industries Ltd.