Reliance Industries on Monday rejected reports claiming that the Indian government has raised a $30 billion demand against the company and its partner BP over alleged underproduction from the KG-D6 gas block.
In a media statement dated December 29, 2025, Reliance Industries said the report titled “India claims $30 billion from Reliance Industries, BP for underproduction from gas field, sources say” is “factually incorrect” and based on “unnamed and unidentified sources”.
“There is no claim of $30 billion against Reliance and BP,” the company said, adding that the claim made by the Government of India in relation to the KG-D6 block is of the order of $247 million, which has been “appropriately and consistently disclosed” in its annual audited financial statements.
Reliance stated that the matter is sub judice and will be determined in accordance with Indian law. The company said it has full faith in the judicial process and strongly objected to what it described as mischaracterisation of facts in the report.
“Reliance Industries Limited, together with its partner BP, has at all times complied with its contractual and legal obligations,” the statement said.
The company also termed the publication of such a report without verified sourcing as “inappropriate and irresponsible”.
The clarification was issued to stock exchanges, including the BSE and NSE, as well as international exchanges where Reliance securities are listed.
