Reliance Industries inches up on getting Governments nod for additional investment to raise KG-D6 gas output
Reliance Industries is currently trading at Rs. 2927.50, up by 9.10 points or 0.31% from its previous closing of Rs. 2918.40 on the BSE.
The scrip opened at Rs. 2925.15 and has touched a high and low of Rs. 2930.00 and Rs. 2918.40 respectively. So far 18823 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3024.80 on 04-Mar-2024 and a 52 week low of Rs. 2,181.97 on 27-Oct-2023.
Last one week high and low of the scrip stood at Rs. 2986.05 and Rs. 2885.20 respectively. The current market cap of the company is Rs. 1974621.25 crore.
The promoters holding in the company stood at 50.31%, while Institutions and Non-Institutions held 39.24% and 10.45% respectively.
Reliance Industries has received the government’s approval for making additional investments in developing gas reserves in its KG-D6 block in the Bay of Bengal that can add 4 to 5 million standard cubic meters per day (mmscmd) to the production. Reliance and its partner bp Plc currently produce around 30 mmscmd or about 30 per cent of India's gas production, from the KG-D6 block.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.