Reliance Industries (RIL), after touching a new 52-week low of Rs 1764, closed the day 3.16 per cent higher at Rs 1932.85 on the back of reports that the company will begin production of gas from the D6 block in the KG basin by November-end. The company owns 90 per cent stake in the block.
The firm's estimated initial output is pegged at 15 million standard cubic metres per day (mscmpd), which is expected to increase to 40 mscmpd within three months from the commencement of production. The counter witnessed volumes of 24,34,720 shares vis-à-vis two-week average of 15,65,433 shares.