The company has received nod for carrying out eight additional exploratory well drilling to ascertain reservoir capacity.
RIL has received green nod for exploratory drilling project in Tamil Nadu, according to reports.
Report says that the company has received nod for carrying out eight additional exploratory well drilling to ascertain reservoir capacity.
Reliance Industries has been awarded exploratory rights for hydrocarbons prospecting in the offshore block DY-III-D5 under the New Exploration Licensing Policy-III, says report.
Report says that RIL has already been given the environment clearance to drill 11 exploratory wells in this block.
Reliance Industries Ltd ended at Rs. 978, down by Rs. 13.05 or 1.32% from its previous closing of Rs. 991.05 on the BSE.
The scrip opened at Rs. 988 and touched a high and low of Rs. 990.9 and Rs. 975.5 respectively. A total of 3535226(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 316997.79 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 819 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 992.45 and Rs. 971 respectively.
The promoters holding in the company stood at 45.15 % while Institutions and Non-Institutions held 32.38 % and 19.5 % respectively.
The stock traded below its 50 DMA.
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