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RIL's KGD6 investment to up its regulatory exposure: Moody's
Reliance Industries' planned USD 6 billion investment to monetise gas finds in KG-D6 block will increase its exposure to the extremely challenging Indian gas business that is fraught with delays and retrospective changes in regulation, Moody's Investor Service said today. RIL is already in arbitration with the regulator for costs previously incurred in the KG-D6 block, Moody's said in its Issuer Comment. It said given the regulatory environment, the timing of both the investments and cash flows from the project remains uncertain.

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