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5 years ago
MARKET EYE-Reliance Ind falls; gas price revision to help state-run peers
January 24, 2013 / 8:39 AM / 5 years ago

MARKET EYE-Reliance Ind falls; gas price revision to help state-run peers

* Shares in Reliance Industries fall 0.6 percent as
the recent recommendation on a revision in local gas prices was
seen benefiting state-run upstream companies such as Oil and
Natural Gas Crop and Oil India with
immediate effect. 
* However, any price revision will not be applicable to gas
produced from Reliance Industries-operated D6 block on the east
coast, where pricing has been fixed until April
2014. 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)

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