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Energy-to-telecom conglomerate Reliance Industries’ (RIL) investment in coal-bed methane (CBM), which falls in the oil and gas segment, has started lifting the company’s sagging fortunes in production.
The Mukesh Ambani-helmed company has been building its presence in the segment over the past one year and also reported revenue growth.
RIL said the marginal rise in revenue for the oil and gas segment in the last financial year was because of increased CBM production. Volume in terms of production from the conventional fields and from US shale assets were lower on account of slowdown in development activities.
In FY18, revenue
