Reliance Industries (RIL), the country’s largest corporate has reduced investment on the sagging gas fields in KG-D6 block by almost $3 billion to $5.92 billion due to an unexpected decline in reserves. The gas output from the D6 block is expected to decline to 20 million standard cubic metres a day (mscmd) in 2014/15, less than half the 60 mscmd it produced in 2010 and well below planned peak capacity of 80 mscmd.
In August, the company had submitted a revised field development plan (FDP) for the Dhirubhai-1 and 3 (D1&D3), the only producing gas fields among a total of 18 gas discoveries made so far in the KG-D6 block in Bay of Bengal. But in the earlier FDP in 2006, it had proposed an investment of $8.836 billion in two-phases on the fields, while the revised FDP has outlined a further investment of only $235 million over and above $5.693 billion that has already been spent.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1371.20 |
| Indian Oil Corp. | 146.00 |
| BPCL | 312.90 |
| HPCL | 375.95 |
| MRPL | 180.20 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: