The government has slapped an additional penalty of $792 million on Reliance Industries for producing less than targeted natural gas from its eastern offshore KG-D6 block. A notice disallowing $792 million out of the cost already incurred on the Bay of Bengal fields was sent to RIL on November 14, a petroleum and natural gas ministry official said here. With this, a total of $1.797 billion penalty in form of cost being disallowed has been levied on RIL for producing less than targeted output during the past three years.

Source : http://www.business-standard.com/article/companies/ril-fined-792-mn-more-113112000797_1.html

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