RPL hots up as refinery project is on schedule

DALAL STREET SPIKES

Reliance Industries, which holds 70.38 per cent stake in RPL, said that RPL would incur a daily capital cost of less than $10,000 a barrel in constructing its Jamnagar refinery, which is half the cost of setting up similar refineries globally.

The stock witnessed the second largest turnover on the BSE, with volumes of 2.3 million shares as against the two-week average of 10 million shares.