Reliance Industries hits five month low
The stock has dipped nearly 2% at Rs 806, its lowest value since August 28, 2013 on the National Stock Exchange.
 "Reliance Industries hits five month low")
Reliance Industries (RIL) has dipped nearly 2% at Rs 806, its lowest price since August 28, 2013, on the National Stock Exchange (NSE). The stock opened at Rs 823 and touched a high of Rs 825 in early morning deals. A combined 1.73 million shares have changed hands on the counter so far on the NSE and BSE.
According to reports, Delhi Chief Minister Arvind Kejriwal on Tuesday alleged that Reliance Industries is charging double for gas from the KG-D6 gas block.
Reliance Industries was colluding with ministers to raise gas prices to $8 through dubious means, he alleged, the Business Standard report suggests.
Kejriwal alleged that Reliance Industries’ rates for gas price are not based on cost of production and that the company has created an artificial shortage of fuel in the country, added report.
According to reports, Delhi Chief Minister Arvind Kejriwal on Tuesday alleged that Reliance Industries is charging double for gas from the KG-D6 gas block.
Reliance Industries was colluding with ministers to raise gas prices to $8 through dubious means, he alleged, the Business Standard report suggests.
Kejriwal alleged that Reliance Industries’ rates for gas price are not based on cost of production and that the company has created an artificial shortage of fuel in the country, added report.