Reliance Industries falls; gas price revision to help state-run peers

Last Updated: Thu, Jan 24, 2013 09:51 hrs

Shares in Reliance Industries fall over 1 percent as the recent recommendation on a revision in local gas prices was seen benefiting state-run upstream companies such as ONGC and Oil India with immediate effect.

However, any price revision will not be applicable to gas produced from Reliance Industries-operated D6 block on the east coast, where pricing has been fixed until April 2014.

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