Reliance Industries Limited and its partners BP and NIKO announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India. The KGD6-MJ1 well was drilled in a water depth of 1,024 metres - and to a total depth of 4,509 metres - to explore the prospectivity of a Mesozoic Synrift Clastic reservoir lying over 2,000 metres below the already producing reservoirs in the D1-D3 gas fields. Formation evaluation indicates a gross gas and condensate column in the well of about 155 metres in the Mesozoic reservoirs. In the drill stem test, the well flowed 30.6 million standard cubic feet per day (mmscfd) and liquid rate of 2,121 barrels a day with a choke of 36/64" with a flowing bottom hole pressure of 8461 psia suggesting good flow potential. Well flow rates during such tests are limited by the rig and well test equipment configuration. The discovery, named `D-55', has been notified to the Government of India (GoI) and the Management Committee of the block. This discovery is expected to add to the hydrocarbon resources in the KG D6 block. Appraisal will now commence to better define the scale and quality of the field.

The government approved the purchase of power from Reliance industries limited with immediate switch-over to gas until the power purchase agreement expires in August 2014. The government purchases about 20 MW of power from Reliance. Reliance has given a proposal to shift over immediately to re-gasified liquefied natural gas in place of the existing naphtha, which could bring down the total cost per unit to 8.58 from the existing average rate of 13.53 per unit. This would mean a reduction of 4.95 per unit and the total annual savings to the government due to this would be around 570 million. The government was earlier contemplating stopping the purchase of the costly power from Reliance and had even announced this at the last assembly session. The government realized that Reliance supplies power to 73 industrial units in addition to Mormugao Port Trust. Beside selling an average of 9.6 million units per month to the government, Reliance also sold an average of 9.996 million units per month to industries.

Reliance Industries has inked agreements with two Chinese companies to sell salt and other materials worth $77 million to China Slat Import & Export Co and to Sumstar Group.