Reliance Industries Ltd.

RIL is currently trading at Rs. 815.90, up by 5.95 points or 0.73% from its previous closing of Rs. 809.95 on the BSE.

The scrip opened at Rs. 811.65 and has touched a high and low of Rs. 818.80 and Rs. 811.05 respectively. So far 3,05,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 902.00 on 04-Nov-2011 and a 52 week low of Rs. 671.00 on 08-May-2012.

Last one week high and low of the scrip stood at Rs. 818.80 and Rs. 792.60 respectively. The current market cap of the company is Rs. 2,63,986.00 crore.

The promoters holding in the company stood at 45.24% while Institutions and Non-Institutions held 28.55% and 22.78% respectively.

In a major relief to Mukesh Ambani owned Reliance Industries, Oil Ministry has given nod to company’s plans for raising natural gas output from the flagging KG-D6 block and also agreed that Comptroller and Auditor General of India (CAG) cannot do a performance audit of the company. The Ministry clarified that that an audit by the Comptroller and Auditor General of India (CAG) of its spending on KG-D6 block has to be a financial audit and not a performance audit.

However, the Ministry also wrote to Principal Director of Audit (Economic & Service Ministries), CAG stating that “Subject to certain conditions, RIL has agreed for an audit under Sector 1.9 of Accounting Procedure to the PSC by CAG”.

The Ministry withheld approvals to RIL's investment plans on the condition of company first agreeing to CAG doing a second round of audit of KG-D6 field for 2008-09 to 2011-12 periods. However, relenting to company’s proposition, the ministry gave approval.

Mukesh Ambani owned company showed it readiness for a CAG audit provided done under the PSC which provides for checking of the contractor's accounts in order to verify the charges and credits and not the extent of questioning efficacies of processes or technology used in the complex deep sea operations.