Reliance Industries Rejects $30 Billion Gas Claim; Govt Demand Only $247 Million

Reliance Industries (RIL) has denied reports suggesting the government demanded over $30 billion in compensation for alleged underproduction from its KG-D6 gas block, one of India’s largest deepwater gas assets. The company called the report “factually incorrect, inappropriate, and irresponsible,” highlighting that it relied on unnamed sources.

Actual Government Claim

According to RIL, the real claim by the government regarding the KG-D6 block is $247 million, not $30 billion. This amount has been disclosed in the company’s audited financial statements, in line with regulatory requirements.

Arbitration Proceedings Ongoing

The dispute is part of arbitration proceedings between the government and the RIL-BP consortium. A 3-member tribunal concluded hearings on November 7, 2025, after a legal battle lasting over 14 years. The tribunal’s award is expected next year, and the losing party may appeal to the Supreme Court.

RIL emphasised that the matter is sub judice and will be resolved according to Indian law.

Compliance with Legal Obligations

Reliance stated that it and BP have always complied with their contractual and legal obligations under the production-sharing contract for KG-D6. The company strongly objected to the misrepresentation of facts in the media report.

About Reliance Industries 

Reliance Industries, India’s largest listed company by market capitalisation, operates in energy, retail, telecom, and digital services.

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Reliance Industries Share Price Movement

As of December 30, 2025, Reliance Industries share price (NSE: RELIANCE) is trading at ₹1,543.90, up 0.11% or ₹1.70. The stock opened at ₹1,547.00, reached an intraday high of ₹1,553.60 and a low of ₹1,540.00. Reliance has a market capitalisation of ₹20.89 lakh crore and a P/E ratio of 25.14. The stock’s 52-week high is ₹1,581.30, while the 52-week low is ₹1,114.85. The company offers a dividend yield of 0.36%, with a quarterly dividend amount of ₹1.39.

Conclusion

Reliance Industries has clarified that the $30 billion claim reported in the media is false. The actual government demand is $247 million, and the legal process is ongoing. The company remains confident in its compliance and the judicial system to resolve the matter fairly.

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