Reliance Industries moves up on the bourses

Reliance Industries Ltd. | Refineries | Oil & Gas | BSE: 500325 | NSE: RELIANCE

24 Jun 2013 Evaluate

Reliance Industries (RIL) is currently trading at Rs. 794.95, up by 1.05 points or 0.13% from its previous closing of Rs. 793.90 on the BSE.

The scrip opened at Rs. 790.70 and has touched a high and low of Rs. 796.55 and Rs. 779.20 respectively. So far 470584 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 954.80 on 21-Jan-2013 and a 52 week low of Rs. 703.95 on 22-Jun-2012.

Last one week high and low of the scrip stood at Rs. 836.90 and Rs. 785.00 respectively. The current market cap of the company is Rs. 256578.46 crore.

The promoters holding in the company stood at 45.34% while Institutions and Non-Institutions held 28.77% and 22.36% respectively.

In a relief to Reliance Industries, Oil Minister M Veerappa Moily may not fully accept DGH's recommendation for taking away 86% of the company's KG-D6 gas block area. As per recommendation of Directorate General of Hydrocarbons (DGH), RIL was suppose to give up 86% of its KG-D6 gas block area, including eight gas discoveries worth at least USD 5 billion, as the firm has overshot the time allotted to it for developing the area.

Moily wants the country to explore aggressively so that more oil and gas is produced which will help cut the massive USD 160 billion foreign exchange outflow every year for buying oil. Rejecting RIL's offer to relinquish 4,233 sq km of low prospectivity area in the eastern offshore KG-DWN-98/3 or KG-D6 block, the DGH had stated that the company should contractually give up 6,601 sq km out of the total 7,645 sq km total area in the block. Of the 19 oil and gas discoveries claimed by RIL, three finds have not been established as commercially viable in absence of test data and the company has not submitted any investment plans for another five. The area proposed for cessation has at least 1.15 trillion cubic feet of known recoverable gas reserves valued at $4.83 billion at current prices.

Reliance Industries Share Price

1435.70 0.00 (0.00%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1435.70
Indian Oil Corp.	144.70
BPCL	302.85
HPCL	387.00
MRPL	167.90
View more..

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