RIL down on talk to supply outstanding gas at old rate

Reliance Ind was down 1.4% on profit taking in late noon trades on talk that the government has directed them to supply outstanding gas at the old rate.

The finance ministry seems to have told the oil ministry that the company must supply outstanding gas at the old rate of $4.2 mmBTu, CNBC-TV18 reported quoting sources.

The stock opened at Rs 874.80 on the BSE and touched a high of Rs 879.70 and a low of Rs 839.40.

Over 3.6 million shares were traded on the counter so far.

Among other oil and gas shares, ONGC was down nearly 2% at Rs 296.