RIL unlikely to benefit from gas price hike, shares fall
Reuters | Updated On: January 24, 2013 14:57 (IST)
Shares in Reliance Industries declined over 1 per cent 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.
(Copyright Thomson Reuters 2013)
|For Profit Update,