Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1390.15
44.15 (3.28%)
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RIL advances on planning to invest $1.5 billion in KG Basin along with BP

Date: 18-10-2017

Reliance Industries (RIL) is currently trading at Rs. 913.35, up by 39.10 points or 4.47% from its previous closing of Rs. 874.25 on the BSE.

The scrip opened at Rs. 875.55 and has touched a high and low of Rs. 913.50 and Rs. 875.15 respectively. So far 6,11,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 915.55 on 18-Oct-2017 and a 52 week low of Rs. 466.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 914.80 and Rs. 841.00 respectively. The current market cap of the company is Rs. 5,78,510.00 crore.

The promoters holding in the company stood at 47.55%, while Institutions and Non-Institutions held 35.44% and 17.01% respectively.

Reliance Industries and its partner BP Plc of the UK will invest about $1.5 billion to bring to production six satellite gas discoveries in the flagging KG-D6 block by 2022. RIL-BP combine submitted to the Directorate General of Hydrocarbons (DGH) a field development plan for what are known as satellite and other satellite fields.

They plan to develop four deep-sea satellite gas finds, named D-2, 6, 19 and 22, together with two other nearby finds, D-29 and D30, in the Krishna Godavari basin block.

Reliance Industries (RIL) 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.