Mumbai, Oct 31: Reliance Industries Ltd, the flagship of one of India's largest corporate groups, today issued a terse statement described IAC activists' charge about Krishna-Godavari gas basin as "irresponsible and devoid of truth."
A Reliance statement said; "The statements made by IAC in the press conference today are devoid of any truth or substance whatsoever and are denied.
"The deep water exploration project in the KG-D6 basin has deployed the best technical resources and has been recognized by the oil and gas industry as one of the very best in its class.
"This project has added great economic value to the country and by all accounts is a project of which India can be justly proud.
"Irresponsible allegations made by IAC at the behest of vested interests without basic understanding of the complexities of a project of this nature do not merit a response."
Kejriwal had alleged at a press conference that the Reliance group put undue pressure on the UPA govt to hike the price of KG basin gas price twice, which led to the exit of two Petroleum ministers - Mani Shankar Aiyyar and S. Jaipal Reddy.
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