Reliance Industries Ltd.

Reliance Industries Ltd (RIL) is expected to increase gas output by 30 per cent from its D6 block in the Krishna-Godavari (K-G) basin in the coming financial year, to 67 million standard cubic metres per day (mscmd) from the current 50-51 mscmd.

The current output from the block is lower than the average 60 mscmd output in the April-June 2010 quarter. The decline was caused by some issues in reservoirs. The company is currently selling 14 mscmd of gas to fertiliser plants, 24 mscmd to power plants and the remaining 13 mscmd to other sectors like sponge iron plants, LPG, city gas distribution, petrochemical plants and refineries. Production from the block is expected to further increase to 80 mscmd.