RIL discovered oil in Cambay basin; stk gains

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RIL discovered oil in Cambay basin; stk gains

Reliance Industries said that oil has been discovered in Cambay basin. The oil major said that this is the first oil discovery in Cambay basin. At 10:16 am, the share was quoting at Rs 2,075.50, up Rs 50.95, or 2.52%.

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Reliance Industries  (RIL) touched an intraday high of Rs 2,090 and an intraday low of Rs 2,025.50. At 10:16 am, the share was quoting at Rs 2,075.50, up Rs 50.95, or 2.52%.

Reliance Industries said that oil has been discovered in Cambay basin. The oil major said that this is the first oil discovery in Cambay basin. RIL holds 100% participating interest in Cambay basin block.
 
It was trading with volumes of 195,461 shares. Yesterday the share closed up 3.46% or Rs 67.80 at Rs 2,024.55.