Reliance Industries shares down 1

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Similarly,at the NSE,the stock was down 1.36 per cent to Rs 728.80.

The drop in reservoir pressure coupled with increased water and sand ingress has seen output from Dhirubhai-1 and 3 gas fields in the deepsea KG-DWN-98/3 or KG-D6 block fall from 53-54 million standard cubic meters per day achieved in March 2010 to 27.5 mmscmd last month,instead of rising to projected 80 mmscmd for current year.

The Ministry feels the drop in pressure had resulted in under-utilisation or creation of excess capacity and wants to disallow cost recovery in proportion to that.

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