Cag Report On Ril

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  Government Examining CAG Report on Irregularities in ONGC

  The Comptroller and Auditor General (CAG) had in September 2012, stated that Oil and Natural Gas Corp (ONGC) "deviated from the standard tendering procedure and hired a rig viz Dhirubhai Deepwater KG-1 (DDKG-1) from RIL without calling for competitive bids for a period of four years on untenable grounds".

• National Auditor Comment on Gas Price Part of Draft Report: Reliance Industries

  Reliance Industries Ltd (RIL) on Saturday said the Comptroller and Auditory General (CAG) comment that the Mukesh Ambani-led company charged a rate in excess of the government approved price for its KG-D6 gas is part of a draft report which has not yet been finalised.

• Oil Ministry for CAG doing financial audit of RIL's KG-D6: report

  The Oil Ministry seems to have suggested to the Comptroller and Auditor General of India (CAG) that its audit of Reliance Industries' spending on the flagging KG-D6 gas block should be a financial scrutiny and not a performance audit.

• RIL June quarter profit down 21%, but beats estimates

  Reliance Industries on Friday reported net profit of Rs 4473 crore, beating estimates of Rs4,364 crore for the quarter ended June 2012, making this the third straight quarter that it has seen profits decline. RIL's gross refining margins stayed strong at $7.6 a barrel, the same as the previous quarter, and much better than estimates of a range of $...

• Govt awaiting CAG report to assess RIL's a/c lapse on KG-D6: Oilmin

  MUMBAI, AUGUST 18By Deepak Joshi : Government will take a final view on the alleged over-stating of development costs by Reliance Industries Ltd after getting the final report from Comptroller & Auditor General of India, Oil Minister Jaipal Reddy told Lok Sabha in a written reply on Thursday. In July, CAG submitted a draft report alleging that R...

• *Oil Minister: CAG report based on FY07, FY08 report of RIL on KG-D6

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• *Oil Min Reddy:CAG report made no reference on RIL's KG-D6 gas price

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• *Oil Minister: Draft CAG report not final report on RIL gas output

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• Jaipal Reddy hits back at Opposition,defends Chidambaram

  Oil Minister S Jaipal Reddy today rejected senior BJP leader Murli Manohar Joshi's attack on Home Minister P Chidambaram on the issue of Comptroller and Auditor General's (CAG) indictment of his ministry for alleged favours to private firms, saying such attacks would harm decision making at higher levels.Dismissing criticism by Mr Joshi, who is als...