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RIL awaits Niko Resources' exit from KG-D6 gas block over default

21 Jan 2019 Evaluate

Reliance Industries (RIL) has asked Niko Resources to exit from eastern offshore KG-D6 gas block over default in payments for field development cost, but Niko Resources has sought to stall the move by invoking arbitration. Niko Resources has failed in seeking a possible buyer for its 10% stake in Bay of Bengal block KG-D6.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Reliance Industries Share Price

1367.00 -21.15 (-1.52%)
12-May-2026 14:58 View Price Chart
Peers
Company Name CMP
Reliance Industries 1367.00
Indian Oil Corp. 138.15
BPCL 288.15
HPCL 372.65
MRPL 154.75
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