Reliance Industries is trading higher by about 2% at Rs 819, extending its previous day’s over 1% gain, in otherwise subdued market on reports that the oil ministry may approve the company’s investment plans for the KG-D6 block.
“Reliance Industries and UK's BP Plc have proposed to a do a single confirmation test on three natural gas discoveries in KG-D6 block that have so far not recognised as commercial finds by the Oil Ministry,” the PTI report suggests.
The stock opened at Rs 805 and has seen a combined 1.82 million shares changing hands on the counter so far on both the exchanges.
