RIL's KG-D6 spend exceeds approved limit: CAG audit

The Mukesh Ambani-controlled Reliance Industries Ltd. (RIL) could have exceeded the approved spending limit at its KG-D6 block and under-utilised the facilities, the Comptroller and Auditor General (CAG) of India is learn't to have found in its audit of the company's books.

In the performance audit report, the management committee (MC) of the D1 and D3 fields in the KG-D6 block and the Directorate General of Hydrocarbons (DGH) have faced CAG heat for 'not effectively regulating' the deficiencies on the part of the operator.

BS