Reliance Industries (RIL) along with its associates in the KG-D6 block - BP Plc and Niko Resources - have got government’s nod in order to invest $4 billion in the R-Series gas-field in the block. It has revised the earlier investment of $3.18 billion to $4 billion as input costs have gone up. This discovery is expected to hold an in-place reserve of 2.2 trillion cubic feet of gas, while recoverable reserves are estimated at 1.191 trillion cubic feet of gas.
RIL is an oil refining, petrochemicals and upstream (mainly natural gas at present) company. It has two highly complex refineries with combined capacity of 1.24 million barrels per day and domestic proved reserves of 660 million barrel of oil equivalent as at end-March 2013
