Wednesday, 8 January 2014

RIL gains on plan to increase gas production from KG-D6 fields in January

Reliance Industries is currently trading at Rs. 852.25, up by 10.10 points or 1.20 % from its previous closing of Rs. 842.15 on the BSE.

The scrip opened at Rs. 845.40 and has touched a high and low of Rs. 854.00 and Rs. 844.60 respectively. So far 133006 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. 898.00 and Rs. 840.20 respectively. The current market cap of the company is Rs. 273789.51 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) 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.

Meanwhile, RIL and its partners BP plc of UK and Canada’s Niko Resources have spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.

The company has so far made 18 gas and one oil discovery in the Krishna Godavari basin block in Bay of Bengal. While the lone oil find, MA went on stream in September 2008, D1&D3 were put on production in April 2009.

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