SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

RIL to share KG-D6 accounts with the national auditor: Report

06 Aug 2012 Evaluate

Giving into Oil Ministry's demand, Reliance Industries has agreed to share the KG-D6 accounts with the national auditor under the terms of the production sharing contract (PSC), ahead of a crucial meeting of the block's management committee, as mentioned in a media report. Oil Minister Jaipal Reddy assured that the government would speed up approvals for various proposals in four blocks if the company would provide its KG-D6 block audited accounts data for last month.

The management committee (MC) of Reliance Industries' KG-D6 would meet on Tuesday to consider declaration of commerciality of the D29, D30 and D31 discoveries in the KG-D6 block, which were submitted for government's approval in February 2010.

On the standalone basis, the company has posted a fall of 20.98% in its net profit at Rs 4473.0 crore for the quarter ended June 30, 2012 as compared to Rs 5661.0 crore for the same quarter in the previous year.  However, total income has increased by 14.23% at Rs 93779.0 crore for quarter under review as compared to Rs 82096.0 crore for the quarter ended June 30, 2011.

The Reliance Group, founded by Dhirubhai H. Ambani, is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of $ 30 billion. The flagship company, Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India.

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
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:

×