India to appeal arbitration ruling on Reliance-ONGC dispute

Reuters  |  NEW DELHI 

(Reuters) - will appeal against a ruling by an international tribunal in favour of Ltd and its international partners in a dispute over from fields operated by state-owned and Natural Gas Corp Ltd.

"We will definitely appeal at the highest forum against the international arbitration order favouring Reliance," Dharmendra Pradhan, India's minister said on Friday.

Reliance and its partners and filed an arbitration notice against the government in November 2016 after the government imposed a $1.55 billion fine on the consortium for selling gas that migrated from state-owned ONGC's fields in the east coast basin.

(Reporting by Nidhi Verma; editing by Richard Pullin)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 03 2018. 11:42 IST