Reliance approved for investment to boost KG-D6 output

26 Apr 2024 CW Team

Reliance Industries announced that they had received government approval to increase investments in developing gas reserves in their KG-D6 block in the Bay of Bengal. According to a company official, this could potentially add 4 to 5 million standard cubic meters per day to the production. Reliance and its partner bp Plc currently produce approximately 30 mmscmd, which accounts for about 30 percent of India's gas production, from the KG-D6 block.

During an investors' call where they announced the fourth-quarter earnings, Sanjay Roy, senior vice-president for exploration and production at Reliance Industries, stated that the government had approved the development plan for incremental production. He mentioned that the plan had the potential to deliver an additional 4 to 5 million standard cubic meters per day in the coming years, thus augmenting their current production. However, he refrained from providing specifics regarding the approved investment.

Reliance-bp produces around 30 mmscmd of gas from three sets of discoveries in the deep-sea KG-DWN-98/3 or KG-D6 block. The latest addition to their production was the MJ oil and gas field, which commenced production in May 2023. All three sets of discoveries, with MJ being the deepest, were made more than a decade ago and have been progressively put into production. Prior to this, they had initiated production from the R-Cluster field in December 2020 and the Satellite Cluster in April 2021.

KG-D6 has significantly contributed to domestic natural gas production, reaching a multi-year high of 99 mmscmd. This gas is utilized for various purposes such as electricity generation, fertilizer production, as well as for running automobiles using CNG or piped to kitchens for cooking.

Building Material

18 Sep 2025

CCI Approves JSW Paints’ Stake Acquisition in Akzo Nobel India

The Competition Commission of India (CCI) has approved the acquisition of up to 75 per cent shareholding in Akzo Nobel India Limited (the Target) by JSW Paints Limited (the Acquirer).The proposed transaction involves the acquisition through a share purchase agreement and a mandatory open offer, collectively referred to as the Proposed Combination.JSW Paints is a public unlisted company engaged in the manufacture and sale of decorative paints and industrial coatings in India. It is part of the JSW Group, which operates across sectors including steel, energy, infrastructure, cement, paints, real..

CCI Approves Triumph Composites’ Acquisition of Owens-Corning India

The Competition Commission of India (CCI) has approved the proposed acquisition of the entire shareholding of IPM Inc. and OC NL Invest Cooperatief U.A. (OC India Sellers) in Owens-Corning (India) Pvt. Ltd. by Triumph Composites Pvt. Ltd. and Quartz Fibre Private Limited.Triumph Non-Ionics Private Limited (now Triumph Composites Private Limited) along with 3B Lux S.À R.L, Owens Corning, Artek US Holding Corp., and Ayana Chemicals Singapore Pte. Limited entered into a Master Share Purchase Agreement (MSPA) on 13 February 2025. Under the agreement, the parties agreed to the sale of Owens Cornin..

BMC Approves Phase 2 of Kala Ghoda Precinct Upgrade

With the first phase of the Kala Ghoda precinct development nearing completion, the Brihanmumbai Municipal Corporation (BMC) has approved the second phase, aimed at upgrading five key roads while introducing a public plaza and improved parking. The project forms part of a broader plan to transform the city’s iconic art district into a greener, more pedestrian-friendly cultural hub.Phase 2 will cover Mahatma Gandhi Road, K Dubash Road, Nagindas Road, Chamber of Commerce Lane, and Forbes Street, while Phase 1 work continues at V B Gandhi Marg, Rutherfield Street, Rope Walk Lane, Saibaba Road, ..