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

Source : REUTERS
Last Updated: Thu, Jan 24, 2013 09:51 hrs
Undated handout photo of India's Reliance Industries KG-D6's FPSO vessel seen off the Bay of Bengal

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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