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Reliance tanks on the decision of abandoning D4 oil and gas block

23 May 2012 Evaluate

Reliance Industries (RIL) is currently trading at Rs 685.90, down by 5.30 points or 0.77% from its previous closing of Rs 691.20 on the BSE.

The scrip opened at Rs 687.50 and has touched a high and low of Rs 688.90 and Rs 682.00 respectively. So far 153523 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 967.90 on 03-Jun-2011 and a 52 week low of Rs 671.00 on 08-May-2012.

Last one week high and low of the scrip stood at Rs 703.95 and Rs 676.20 respectively. The current market cap of the company is Rs 222368.00 crore.

The promoters holding in the company stood at 44.75% while Institutions and Non-Institutions held 28.26% and 23.54% respectively.

As per some media reports, Reliance Industries(RIL) along with partners BP and Canada's Niko Resources have decided to exit the D4 oil and gas block off India's east coast, on account of production problem in the region.

The D4 block, situated in the Mahanadi basin, lies north of Reliance's main D6 block in the neighbouring Krishna-Godavari (KG) basin, where gas output has dwindled sharply over the last year, thereby tainting growth outlook for the Indian energy major and forcing the government to withhold approvals. Reliance wuthh 55% interest in the block, is the operator of the block, Alberta-based Niko has a 15% interest in the D4 block, while BP holds 30%.

Reliance Industries Share Price

1365.10 21.65 (1.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
Indian Oil Corp. 145.85
BPCL 312.05
HPCL 370.95
MRPL 183.20
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