RIL trades higher on the bourses

Reliance Industries (RIL) is currently trading at Rs. 744.25, up by 9.10 points or 1.24% from its previous closing of Rs. 735.15 on the BSE.

The scrip opened at Rs. 738.60 and has touched a high and low of Rs. 746.00 and Rs. 731.30 respectively. So far 4,38,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1065.55 on 01-Apr-2011 and a 52 week low of Rs. 687.55 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 746.00 and Rs. 695.25 respectively. The current market cap of the company is Rs. 2,43,701.00 crore.

The promoters holding in the company stood at 44.71% while Institutions and Non-Institutions held 28.39% and 23.38% respectively.

Reliance Industries has scheduled a planned maintenance turnaround of one of the crude distillation unit of its SEZ refinery at Jamnagar complex for a period of approximately 3 weeks starting mid-February, 2012. During this period, other three crude distillation units at Jamnagar refining complex are expected to sustain normal operations.

The company has planned this maintenance turnaround for the first time after its commissioning during the financial year 2008-09. This opportunity would also be utilised to take up productivity improvement related jobs in other secondary processing units as necessary.

Recently, RIL’s gas output from its eastern offshore - D6 block in Krishna-Godavari basin (KG-D6) had further dropped to 38-39 million metric standard cubic meters per day (mmscmd). The upstream oil and gas regulator - Directorate General of Hydrocarbons, had notified that in November, RIL was producing 42 mmscmd from the block in eastern offshore.