Reliance Industries denies $30 billion claim against the company and BP: ‘Inappropriate, irresponsible’
Reliance Industries has denied reports that the Indian government has filed a $30 billion compensation claim against the company and BP. In an exchange filing on Monday, December 29, the Mukesh Ambani-led company said an earlier report making the claims was “factually incorrect”.
The report claimed that the Indian government had sought compensation of more than $30 billion from Reliance and BP in an arbitration case and that the companies were unable to produce gas from offshore fields.
The government made the argument during submissions before a three-member arbitration tribunal that wrapped up hearings on the 14-year-old dispute on November 7. The court is expected to hand down its award next year and the losing party is likely to challenge it in the Supreme Court, news agency PTI reported, citing three sources familiar with the matter.
Dismissing the allegations as “improper and irresponsible”, Reliance Industries maintained: “There are NO claims against Reliance and BP for the amount of $30 Billion.”
Reliance said, “The content of the report titled “India demands $30 billion from Reliance Industries, BP under-produces from gas field, says sources” is factually false. Publishing such a report based on unnamed and unidentified sources is inappropriate and irresponsible.”
Reliance Industries denies the allegations
Reliance Industries said in a statement that the government’s claim regarding KG D6 Block is around $247 million. The company said the order was “appropriately and consistently disclosed in its annual audited financial statements.”
What’s next?
The company said that the issues mentioned in the report are currently in the courts and will be decided by the judicial system in accordance with the laws of the country.
“Reliance Industries Limited, together with its partner BP, has always complied with its contractual and legal obligations and takes strong exception to misrepresentation of facts in the report,” the company added.
Reliance Industries Limited (RIL) is India’s largest company in terms of market capitalization. The holding covers sectors such as ASI energy, retail, telecom and digital services.
The company’s shares closed with a loss of 0.8 percent ₹1,546 as of Monday, December 29, 2025, according to the National Stock Exchange.
