Reliance Industries falls; gas price revision to help state-run peers

RELIANCE-INDUSTRIES-FALLS:Reliance Industries falls; gas price revision to help state-run peers

January 24, 2013 / 14:56 IST

Reuters Market Eye - Shares in Reliance Industries fall over 1 percent as the recent recommendation on a revision in local gas prices was seen benefiting state-run upstream companies such as ONGC 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.
(Reporting by Manoj Dharra)

first published: Jan 24, 2013 02:56 pm

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