India Business News: The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) bus
Billionaire Mukesh Ambani s Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes, sources said. Reliance and its partner UK s BP Plc on Friday auctioned 7.5 million standard cubic metres per day of incremental gas from the R-series gas field in the KG-D6 block, benchmarking it to a gas marker for the very first time in the country. The auction was held under the liberalised price discovery rules notified by the government that allowed affiliates of the gas producer to bid and buy natural gas.
Reliance Buys Two-thirds Of Own Gas From KG-D6; GAIL, Shell Among Other Buyers moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Reliance buys two-thirds of own gas from recently auctioned KG-D6
Mukesh Ambani, chairman and managing director, Reliance Industries
(Mint)Premium
. Updated: 07 Feb 2021, 12:19 PM IST PTI
Billionaire Mukesh Ambani s Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes
Share Via
Read Full Story
Billionaire Mukesh Ambani s Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes, sources said.
Reliance and its partner UK s BP Plc on Friday auctioned 7.5 million standard cubic metres per day of incremental gas from the R-series gas field in the KG-D6 block, benchmarking it to a gas marker for the very first time in the country.
Firms/companies > R > Reliance Industries
RIL consolidated Q3 net profit rises 12.5% to Rs13,101 cr
25 January 2021
Reliance Industries Ltd (RIL) has reported a 12.5 per cent increase in its consolidated net profit at Rs13,101 crore for the quarter ended 31 December 2020 against a net profit of Rs11,640 crore in the year-ago quarter on the back of robust growth in retail and digital services segments.
Reliance said its consolidated net profit grew more than 40 per cent sequentially, with Jio showing a 15.5 per cent QoQ growth in profit and 4.1 per cent rise in ARPU, adding that its profit also gained from rising demand for petrochemicals.