Reliance Industries (RIL) is trading higher by 2.5% at Rs 761, also its highest level since April 2012, in morning deals on the National Stock Exchange. The stock opened at Rs 748 and has seen a combined 564,951 shares changing hands on the counter in opening trades.
According to reports, RIL has agreed to share KG-D6 accounts with the national auditor under the terms of the production sharing contract (PSC), meeting a key demand of oil minister Jaipal Reddy ahead of a crucial meeting of the block's management committee.
The management committee (MC) of RIL’s KG-D6 is scheduled to consider commercial viability of the three new gas discoveries on Tuesday, the report suggests.
