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VERIFIEDMint Companies·neutral
KG Basin row: RIL claims returns to govt surpass what ONGC could have delivered
AI Summary
- ·RIL claims its development of the KG Basin prevented a $1.4 billion loss to the state.
- ·The RIL-led consortium stated its operations provided superior profit-sharing compared to a potential ONGC operation.
- ·RIL defended its extraction of 'fugitive' gas as a natural occurrence.