Reliance Industries, in association with its partner BP, is planning to surrender three more oil and gas exploration blocks on the East Coast, won through domestic bidding. After this transaction, the total number of blocks it holds will now come down to seven from 10. RIL is giving up two blocks in Mahanadi Basin and one in Krishna Godavari Basin, as it did not see any prospect there.
The entity has informed to the Directorate General of Hydrocarbons (DGH) about its intention to surrender three blocks won in the sixth round of the New Exploration Licensing Policy (NELP VI). Reliance had not started any drilling campaigns in these blocks.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1435.70 |
| Indian Oil Corp. | 144.70 |
| BPCL | 302.85 |
| HPCL | 387.00 |
| MRPL | 167.90 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: