Oct 13, 2012, 12.40 PM IST | Source: CNBC-TV18

Reliance asks govt to end logjam on KGD6 capex plan

Reliance Industries has asked the oil ministry to break the logjam and approval for its KGD6 capex plans of USD 1.6 bn for FY12 and FY13.

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Reliance Industries has asked the oil ministry to break the logjam and approval for its KGD6 capex plans of USD 1.6 bn for FY12 and FY13.

According to sources the government had verbally agreed to the capex plan on August 7 but still has to given written approval. The government wants to give approval once RIL agrees to the CAG undertaking a finance and performance audit. In a letter dated October 4, RIL asked the oil ministry to de-link the CAG audit and approvals for KGD6.

Reliance stock price

On April 17, 2014, Reliance Industries closed at Rs 954.00, up Rs 12.95, or 1.38 percent. The 52-week high of the share was Rs 972.90 and the 52-week low was Rs 765.00.


The company's trailing 12-month (TTM) EPS was at Rs 67.89 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 14.05. The latest book value of the company is Rs 556.90 per share. At current value, the price-to-book value of the company is 1.71.

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