Synopsis
Record production of 30 mmscmd from the KG D6 field has aided RIL’s Ebitda to grow 46.7% in the first quarter of this fiscal. The company is confident of higher realisation going forward. The gradual increase in gas output by RIL has again given a glimmer of hope to the stranded gas-based power plants.
The year was 2009. India’s aim to have a higher share of natural gas in its energy mix got a major impetus, as KG D6 (Krishna Godavari Dhirubhai 6) field operated by Reliance Industries Ltd (RIL) commenced production. KG D6 was RIL’s first underwater discovery and had the largest deposit of natural gas in the country. It was also the largest such discovery in the world back in 2002. RIL was ramping up its gas production and envisaged an output
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