RIL shares rise on gas pricing approval
Mukesh Ambani-controlled Reliance Industries' shares on Thursday made a new 52-week high of Rs 2034.40 after the Empowered Group of Ministers (EGoM) approved the pricing formula proposed by the company for its Krishna-Godavari (K-G) basin gas.
By PTI |
MUMBAI: Mukesh Ambani-controlled Reliance Industries' shares on Thursday made a new 52-week high of Rs 2034.40 after the Empowered Group of Ministers (EGoM) approved the pricing formula proposed by the company for its Krishna-Godavari (K-G) basin gas.
Later, the scrip of the company closed with gains of Rs 13.55 at Rs 2026.50 at the BSE. It had yesterday reached a high of Rs 2022.
The revised formula lowers the proposed price of the gas at Kakinada to USD 4.20 per million British thermal unit from $4.33 mBtu that was proposed by RIL.
Later, the scrip of the company closed with gains of Rs 13.55 at Rs 2026.50 at the BSE. It had yesterday reached a high of Rs 2022.
The revised formula lowers the proposed price of the gas at Kakinada to USD 4.20 per million British thermal unit from $4.33 mBtu that was proposed by RIL.
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