SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

RIL receives govt nod for transformational deal with BP

09 Aug 2011 Evaluate

Reliance Industries has received the Government of India (GoI) approval for its transformational deal with BP. This approval will result in the largest foreign investment in the domestic hydrocarbon sector. BP will take 30% stake in 21 oil & gas production sharing contracts that Reliance Industries operates in India, including the producing KG D6 block. Following the approval, RIL and BP will work together to conclude the deal expeditiously.

Recently, Reliance Industries’ production facilities at an oil field in its showpiece KG-D6 block off the Andhra coast had shut down for maintenance without any impact on production till now. On July 31 the company took a shutdown to do maintenance work at a compressor on the floating production storage and offloading (FPSO) unit operating in the MA oilfield. The maintenance work would take 12-14 days and gas production from MA field would remain shut for only 36-48 hours around this weekend.

The company’s net profit for the quarter June 30, 2011 rose by 16.70% at Rs 5661.00 crore as compared to Rs 4851.00 crore for the same quarter last year. Its total income increased by 39.26% to Rs 82096.00 crore for the quarter under review from Rs 58950.00 crore for the corresponding quarter of the previous year.

Reliance Industries Share Price

1361.00 -4.10 (-0.30%)
20-Apr-2026 15:31 View Price Chart
Peers
Company Name CMP
Reliance Industries 1361.00
Indian Oil Corp. 146.65
BPCL 315.80
HPCL 379.00
MRPL 179.75
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×