The higher MAT and confusion over whether its gas is eligible for a tax holiday have hurt the stock.
Oil and gas exploration in India has taken a quantum leap with three significant oil and gas discoveries and about $416 million already invested in less than three years, Petroleum Minister Ram Naik has said.
RIL and ONGC on March 28 agreed to appoint neutral international expert to decide if four wells drilled on boundary of KG-D6 block were drawing gas from neighbouring gas discoveries of the state-owned firm.
