SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Government levies additional penalty of $579 million on RIL

15 Jul 2014 Evaluate

The Government has imposed an additional penalty of $579 million on Reliance Industries (RIL) for producing less than targeted natural gas from its KG-D6 block. Following the levy of this penalty, the total penalty on RIL for missing the target in four fiscal years beginning April 1, 2010 now stands at a cumulative $2.376 billion.

The penalty is in the form of disallowing costs incurred. Disallowing costs will result in government’s profit share rising by $195 million from 2010-11 to 2013-14.

The gas output from the Dhirubhai-1 and 3 gas field in the eastern offshore KG-D6 block was supposed to be 80 million standard cubic meters per day, but the actual production was only 35.33 mmscmd in 2011-12, 20.88 mmscmd in 2012-13 and 9.77 mmscmd in 2013-14. This year, the output has been only 8.05 mmscmd.

 

Reliance Industries Share Price

1297.50 -11.35 (-0.87%)
13-Jul-2026 11:57 View Price Chart
Peers
Company Name CMP
Reliance Industries 1297.50
Indian Oil Corpn. 138.10
Bharat PetroleumCorp 304.60
HPCL 389.45
MRPL 165.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: