Reliance Industries Ltd.

Reliance is currently trading at Rs. 883.45, up by 18.90 points or 2.19% from its previous closing of Rs. 864.55 on the BSE.

The scrip opened at Rs. 858.90 and has touched a high and low of Rs. 883.70 and Rs. 850.80 respectively. So far 657685 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1116.55 on 10-Nov-2010 and a 52 week low of Rs. 713.55 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 902.00 and Rs. 850.80 respectively. The current market cap of the company is Rs. 283101.33 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' (RIL's) centerpiece KG-D6 field’s natural gas production off the East Coast has declined to a one-year low of less than 42 million standard cubic meters per day  (mmscmd ) against 61.5 mmscmd level achieved in March last year and the production plan of over 70 mmscmd for 2011-12.

According to a production report filed by the RIL with the Oil Ministry, Dhirubhai-1 (D1) and 3 gas fields and the MA oilfield in the KG-DWN-98/3, or KG-D6, block in the Bay of Bengal produced about 41.68 mmscmd of gas in the week ending October 30. The D1 and D3, fields produced 34.71 mmscmd and the remaining 6.97 mmscmd came from the MA oilfield during the week under review.

In phase-I of D1 and D3 field development, out of the 22 wells planned, 18 wells have been drilled and completed so far but of these, 14 wells were put on production, while four wells were kept closed due to high water cut and sanding issues. RIL had projected an output of 41.50 mmscmd of gas in the first week of November. The company started natural gas production from the KG-D6 fields in April 1, 2009.