A top parliamentary panel today began examining Reliance Industries “unfairly” producing over Rs 10,000 crore worth of natural gas belonging to state-owned ONGC in the KG-basin and constituted a sub-committee to go deeper into the issue.
The Public Accounts Committee (PAC) began examining the CAG report of last year that had red-flagged USD 1.6 billion of excess cost recovered by RIL in the KG-D6 gas block as also state-owned ONGC’s gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.
Sources said a sub-committee headed by TMC MP Sukhendu Sekhar Roy was constituted to look deeper into the matter.
Officials of RIL and ONGC appeared before the panel and presented their case. The PAC has decided that its sub- committee on infrastructural projects headed by Roy will look into the matter, a source said. Read More…
Credit By : Economictimes.indiatimes.com