').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Reliance Industries Suspends Natural Gas Auction From KG-D6 Block
Reliance Industries Ltd and its partner bp plc on Monday suspended a planned auction for sale of natural gas from their KG-D6 block following changes in gas marketing rules, the firms said in a notice
Topics
Reliance Industries | KG-D6 development
Reliance Industries Ltd and its partner bp plc on Monday suspended a planned auction for sale of natural gas from their KG-D6 block following changes in gas marketing rules, the firms said in a notice.
E-bidding for sale of 6 million standard cubic meters per day of gas was to happen on January 18.
"It is hereby notified that the current bidding process is suspended till further notice," the two firms said in a notice on Monday.
It did not give the reason for the suspension but industry sources said this follows the government bringing out new rules that limit the margin that could be charged on sale of natural gas.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Mon, January 16 2023. 15:05 IST
RECENT NEWS
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more