Reliance Industries Ltd.

Reliance Industries is currently trading at Rs. 866.10, up by 16.45 points or 1.93% from its previous closing of Rs. 850.55 on the BSE.

The scrip opened at Rs. 848.45 and has touched a high and low of Rs. 866.90 and Rs. 848.45 respectively. So far 2, 21,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 954.80 on 21-Jan-2013 and a 52 week low of Rs. 765.00 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 873.45 and Rs. 840.20 respectively. The current market cap of the company is Rs. 2, 79,825 crore.

The promoters holding in the company stood at 45.31% while Institutions and Non-Institutions held 29.53% and 21.74% respectively.

Reliance Industries (RIL) has reportedly started producing gas from the MA-8 well on January 1. The well has a capacity to produce 1 million to 2 million standard cubic metres per day (mscmd) of gas and the output is likely to stabilise by mid January.

At present, the company is producing about 10 mscmd gas from the KG D6 block, sharply lower from the 60 mscmd production at the end of 2010.

Recently, the company said that it is planning to increase gas production of around 1-3 million standard cubic meters per day from its eastern offshore KG-D6 fields in January as it begun the process of reversing the trend of falling output.