Reliance Industries shares surge on KG-D6 gas discovery

Last Updated: Mon, May 27, 2013 04:27 hrs
A woman walks past a poster of Reliance Industries installed outside the venue of the company's annual general meeting in Mumbai

Shares in Reliance Industries rose more than 2 percent in on Monday after the conglomerate and its partners said they had made a significant gas discovery in the KG-D6 block off India's east coast.

Reliance, along with partners Niko Resources Ltd and BP Plc, said late on Friday the discovery is expected to add to the gas resources in the block, without revealing potential reserves.

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