Associate Sponsors

Reliance Industries surges on KG-D6 gas discovery

Image
Reuters MUMBAI
Last Updated : May 27 2013 | 4:06 PM IST

MUMBAI (Reuters) - Shares in Reliance Industries ended up 5.32 percent on Monday after the conglomerate and its partners said they had made a significant gas discovery in the KG-D6 block off India's east coast.

Reliance, along with partners Niko Resources Ltd and BP Plc, said late on Friday the discovery is expected to add to the gas resources in the block, without revealing potential reserves.

(Reporting by Rafael Nam; Editing by Prateek Chatterjee)

More From This Section

First Published: May 27 2013 | 4:00 PM IST

Next Story