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Govt slaps Rs 1700 crore penalty on Reliance Industries, BP

Govt slaps Rs 1700 crore penalty on Reliance Industries, BP

Tue, Aug 15, 2017

The Production Sharing Contract (PSC) allows RIL and its partners BP Plc of the UK and Canada's Niko Resources to deduct all capital and operating expenses from the sale of gas before sharing profit with the government.

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