Reliance Industries Ltd.

Reliance Industries Ltd has received $2 billion from BP as part of $7.2 billion for acquiring participating interest in the Indian company's 23 oil and gas blocks in the country. The remaining amount is expected during the current quarter once the deal gets mandatory approvals. The Cabinet Committee on Economic Affairs (CCEA) is likely to consider the Petroleum Ministry's recommendation of granting approval to the deal shortly.

Twenty-one blocks may get unconditional approval. But for two blocks — in Assam (on-land block AS-ONN-2000/1) and in North East Basin (NEC-DWN-2002/1) — the approval could be conditional