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Home » News » Business

Oct 13, 2012, 12.40 PM | 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 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 February 09, 2016, at 15:44 hrs Reliance Industries was quoting at Rs 956.60, down Rs 5, or 0.52 percent. The 52-week high of the share was Rs 1089.50 and the 52-week low was Rs 796.75.


The company's trailing 12-month (TTM) EPS was at Rs 81.31 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 11.76. The latest book value of the company is Rs 667.24 per share. At current value, the price-to-book value of the company is 1.43.

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Reliance asks govt to end logjam on KGD6 capex plan

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