Date:19/09/2006 URL: http://www.thehindu.com/2006/09/19/stories/2006091908731601.htm

Business - Briefly

DGH penalties on ONGC, Reliance

NEW DELHI: The Directorate General of Hydrocarbons (DGH) has recommended stiff penalties on Oil and Natural Gas Corp ($107.39 million) and Reliance Industries Ltd. ($26.54 million) for default on commitments made by them on oil and gas exploration blocks awarded under the New Exploration Licensing Policy (NELP), PTI reports quoting DGH sources.