Natural gas production at the KG-D6 block, operated by the Reliance Industries-BP joint venture, fell 7% in the June quarter compared to the same period last year.
The decline reflects the ongoing natural depletion of the field, which has been a cornerstone of India's domestic gas supply for over a decade.
4% year-on-year decline in consolidated net profit for the first quarter of fiscal 2027.
The output drop adds to the operational challenges facing Reliance Industries, which recently reported a 22.4% year-on-year decline in consolidated net profit for the first quarter of fiscal 2027.
As the KG-D6 field ages, maintaining production levels requires increasingly complex and costly interventions, squeezing margins in a sector already facing competitive pricing pressures.
For traders, the development highlights the structural supply risks in India's domestic gas market.
With KG-D6 accounting for a significant share of the country's production, any acceleration in its decline rate could tighten domestic supply, potentially supporting higher domestic gas prices or increasing reliance on imported LNG.