Reliance Industries said it has closed the $7.2 billion deal to sell 30 per cent stake in 21 oil and gas bearing areas to UK's BP Plc.

RIL on Tuesday announced completion of its 30% stake sale in 21 oil, gas blocks, including the KG-D6, to BP Plc for over USD 7 billion.

Reliance Industries Ltd (RIL) is likely to close its $7.2 billion deal to sell stake sale in 21 oil and gas blocks to UK's BP plc in the ne...

Reliance Industries (RIL) has struck a deal to raise yet another $1 billion loan from the international market at a time when several firms...

RIL has said that it has received the government’s approval for selling 30% stakes in its 21 oil and gas blocks to global energy major BP f...

Reliance Industries and BP are still waiting for the formal communication from the oil ministry approving the $7.2-billion deal.

India has approved BP's $7.2-billion deal to buy stakes in Reliance's exploration blocks, brightening prospects of higher gas output from t...

"Time of the CCEA meeting has not been decided, but it is expected next week," an oil ministry official said.

Finance Ministry sources said the deal does not require CCEA nod. The oil ministry had unequivocally supported BP's deal to buy stakes in R...

The deal requires the oil min's approval as per the PSC under Nelp, and such deals have been cleared by the govt in the past.

Stocks of RIL surged over 2%, adding Rs 5,796 cr to its market capitalisation, after the Oil Ministry referred the $ 7.2 bn Reliance-BP dea...

While the deal boosted stock, most analysts held on to their ratings, waiting for clearer picture on tax implications and how RIL would use...

The oil ministry would leverage the $7-bn deal between Reliance Industries and British energy major BP to have its say while securing Cabin...

A day after RIL announced a multi-block partnership with global oil giant BP, Niko Resources , RIL’s partner in its trophy asset, D6 block,...

BP's deal with RIL could be a game changer for energy-thirsty India.

As an immediate upshot of the deal, RIL is likely to see an improvement in investor sentiment and the environment in the government regardi...

Officials in the Directorate General of Hydrocarbons (DGH) say that RIL will also require approval of the management committees of 23 block...