Reliance Industries (RIL) has asked Niko Resources to exit from eastern offshore KG-D6 gas block over default in payments for field development cost, but Niko Resources has sought to stall the move by invoking arbitration. Niko Resources has failed in seeking a possible buyer for its 10% stake in Bay of Bengal block KG-D6.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1367.00 |
| Indian Oil Corp. | 138.15 |
| BPCL | 288.15 |
| HPCL | 372.65 |
| MRPL | 154.75 |
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