RIL gains almost 2% on investment plans in KG-D6 block

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.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 878.25 (29.45) (3.35) 1 Month 920.05 (71.25) (7.74) 3 Months 766.25 82.55 10.77 6 Months 782.10 66.70 8.53 1 Year 841.80 7.00 0.83 Note: Based on previous day closing price.
A+ A A-
Post a Comment
*
1000 characters left

All comments will be reactively moderated

Disclaimer: The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. Comments are automatically posted live; however, newindianexpress.com reserves the right to take any or all comments down at any time.

Recent Activity

What's Hot?