Reliance Industries trade higher on the bourses

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Reliance Industries is currently trading at Rs. 1333.90, up by 5.35 points or 0.40% from its previous closing of Rs. 1328.55 on the BSE.

The scrip opened at Rs. 1335.20 and has touched a high and low of Rs. 1338.60 and Rs. 1330.00 respectively. So far 34331 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1417.00 on 03-May-2019 and a 52 week low of Rs. 941.35 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 1359.00 and Rs. 1305.60 respectively. The current market cap of the company is Rs. 842172.95 crore.

The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 36.25% and 16.29% respectively.

Reliance Industries (RIL) and BP have sanctioned the MJ project (also known as D55) in Block KG D6, offshore the east coast of India. MJ is the third of three new projects in the Block KG D6 integrated development plan and its approval follows sanctions for the development of ‘R-Series’ deep-water gas field in June 2017 and for the Satellites cluster in April 2018.

Together the three projects are expected to develop a total of about 3 trillion cubic feet (tcf) of discovered gas resources with a total investment of circa Rs 35,000 crore ($5 billion). These projects together, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas onstream, phased over 2020-2022.

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.

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