Mukesh Ambani-led Reliance Industries on Monday issued a statement, refuting reports of a $30 billion claim by the Indian government, calling them "factually incorrect" and "inappropriate". Reliance reacts to report on $30 billion compensation claim"The publication of a report such as this based on unnamed and unidentified sources is inappropriate and irresponsible.” “The contents of the report titled ‘India claims $30 billion from Reliance Industries, BP for underproduction from gas field, sources say’ are factually incorrect. "There is NO claim of $30 Billion against Reliance and BP. The case revolves around a dispute between Reliance Industries Ltd (RIL) and the Indian government over the KG-D6 gas block in the Krishna Godavari basin. The three-member tribunal will likely deliver its verdict in mid-2026, two people aware of the hearing schedule said.

Source: dna December 29, 2025 18:22 UTC