SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Industries, BP pay $36 million for exit of Niko in KG-D6 block

30 Dec 2019 Evaluate

Reliance Industries (RIL) and British energy giant BP plc have paid $36 million to get their defaulting Canadian partner Niko Resources to exit from the eastern offshore KG-D6 block. Niko has exited from the KG-DWN-98/3 block and its 10 percent stake has been taken over by Reliance and BP. Subsequent to this, Reliance's stake in KG-D6 has gone up to 66.67 percent from the previous 60 percent and that of BP to 33.33 percent from 30 percent.

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.

Reliance Industries Share Price

1356.10 -6.50 (-0.48%)
21-Apr-2026 12:49 View Price Chart
Peers
Company Name CMP
Reliance Industries 1356.10
Indian Oil Corp. 147.55
BPCL 317.35
HPCL 384.65
MRPL 182.70
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:

×