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Oil Ministry Going the Hard Way with RIL : "Building Up" or "Losing On" the Market ?

News

There's no reprieve in sight for Reliance Industries Ltd on its ongoing dispute with the government on investments the company has made in the Andhra offshore field.

Source: ET

SNP Insights

The stringent actions taken by the government against Reliance is likely to set a benchmark to streamline the exploration and production activities in India. However, the difference might spark negative market sentiments in the Indian O&G industry hampering the targeted oil and gas output and restricting the investment from private participants as well.