SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CAG to resume audit of RIL’s spending on KG-D6 gas block

25 Mar 2013 Evaluate

The Comptroller and Auditor General (CAG) is likely to resume audit of Reliance Industries’ (RIL) spending on the KG-D6 gas block early April after issues over scope of the scrutiny are settled to everyone’s satisfaction. The CAG last month suspended audit of spending on the flagging KG-D6 block on account of its differences with the company over scope and extent of the scrutiny.

CAG, on March 12, written to the Oil Ministry, that its audit of KG-D6 would be financial and propriety audit, and the purpose of such scrutiny was to ensure that the government’s financial interests have been safeguarded.

In response to which oil Ministry stated that the audit should be a financial scrutiny, and that the provisions of PSC provide for a government appointed auditor inspecting and auditing all records and documents supporting costs, expenditures, expenses, receipts and income. However, CAG stood in agreement with Oil Ministry’s decision provided the Ministry agreed to issue of requisition of records and access.

Reliance Industries Share Price

1296.85 -12.00 (-0.92%)
13-Jul-2026 16:00 View Price Chart
Peers
Company Name CMP
Reliance Industries 1296.85
Indian Oil Corpn. 140.00
Bharat PetroleumCorp 307.40
HPCL 391.85
MRPL 164.70
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: