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Reliance bags government’s nod to invest $4 billion in D-6 block

30 Aug 2013 Evaluate

Reliance Industries (RIL) along with its associates in the KG-D6 block - BP Plc and Niko Resources - have got government’s nod in order to invest $4 billion in the R-Series gas-field in the block. It has revised the earlier investment of $3.18 billion to $4 billion as input costs have gone up. This discovery is expected to hold an in-place reserve of 2.2 trillion cubic feet of gas, while recoverable reserves are estimated at 1.191 trillion cubic feet of gas.

RIL is an oil refining, petrochemicals and upstream (mainly natural gas at present) company. It has two highly complex refineries with combined capacity of 1.24 million barrels per day and domestic proved reserves of 660 million barrel of oil equivalent as at end-March 2013

 

Reliance Industries Share Price

1435.70 0.00 (0.00%)
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Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 144.70
BPCL 302.85
HPCL 387.00
MRPL 167.90
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