Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
Reliance Industries (RIL) plans to ramp up production of gas from its D6 block in the Krishna Godavari (KG) basin in
The original blueprint was to double output from 40 million standard cubic metres per day (mmscmd) -- a target that was supposed to be reached by March 2009 -- to 80 mmscmd in a span of 17 months from the day production starts. The company now aims to reach 80 mmscmd levels by the end of this calendar year itself, according to P M S Prasad, president & CEO, oil & gas, RIL, implying the company will bring down the ramp-up time by as much as 8 months. RIL is expected to produce about 20 mmscmd during April, operating four of the 18 wells that it has drilled. Two-thirds of this production will go to fertiliser companies such as Nagarjuna Fertilisers in Andhra Pradesh. Production is expected to hit 40 mmscmd around June, said sources.All the 18 wells will start producing when gas output hits 80 mmscmd.
Out of this additional 40 mmscmd, 20 mmscmd of gas will go to power companies. In all, fertiliser companies would get about 15 mmscmd and power companies 38 mmscmd, Prasad said. The quicker ramp-up, would significantly bolster RIL's cash flows. RIL had budgeted for a total development cost of $8.8 billion over eight years for the D6 block, to achieve a 'plateau' production capacity of 80 mmscmd. Of this capex, the company has already spent $5.5 billion.The company is expected to operate the D6 block at plateau production levels for seven years. RIL will be also expanding drilling operations in KG after July. In the third quarter, when RIL gets three new rigs, more exploration will happen.crackcrack
| Company Name | CMP |
|---|---|
| Reliance Industries | 2815.15 |
| Indian Oil Corp. | 158.95 |
| BPCL | 618.60 |
| HPCL | 501.45 |
| MRPL | 210.50 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
