RIL gains almost 2% on investment plans in KG-D6 block
By IRIS
20th February 2013 12:18 PM
Reliance Industries gained on Wednesday
after chairman of the company Mukesh Ambani and BP's chief
executive Bob Dudley updated petroleum and natural gas minister M
Veerappa Moily of their joint future plans in India, including the
KG D6 block enhancement plan designed to increase production from
the block.
Under the KG D6 block enhancement plan, BP and RIL are planning
to invest in a series of projects to develop around 4 trillion
cubic feet of discovered natural gas resources from the block.
Shares ofthe companyare trading at Rs
865.50, up Rs 16.7, or 1.97% at the Bombay Stock Exchange (BSE) on
Wednesday at 10:35 a.m.The scrip has touched an intra-day high of
Rs 868.85 and low of Rs 856.35. The total volume of shares traded
at the BSE is 145,280.In the earlier session, the shares gained
0.18%, or Rs 1.5, at Rs 848.80. Currently, the stock is trading
down 9.35% from its 52-week high of Rs 954.80 and above 28.99% over
the 52-week low of Rs 671.
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