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RIL gets nod to sell LPG to private cooking gas marketers

01 Sep 2015 Evaluate

Reliance Industries (RIL) has received approval from the government to sell up to 1.2 lakh tonnes of LPG produced at its plants to private cooking gas marketers. The approval, valid from April 1 to March 31, 2016, is, however, subject to RIL importing an equivalent quality and delivering to state-owned firm.

The LPG Control Order mandates that all cooking gas (LPG) produced locally must be supplied to state-run fuel retailing companies as India is deficient in LPG and has to import a part of the requirement.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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