Shares in Indian energy major Reliance Industries slid as much as 3.9 percent on Friday after partner Hardy Oil and Gas said it will stop exploring a well for gas in the D9 block off India's east coast.
Hardy Oil said in a statement the well, in the Krishna Godavari basin, encountered poor reservoir sands, and will be plugged and abandoned.
Reliance declined to comment. Reliance Industries holds a 90 percent interest in the D9 block, while Hardy Oil holds the rest.
Reliance Industries was down 3.2 percent at 2,065 rupees, after falling to as much as 2,050 rupees earlier. India's benchmark BSE index was up 0.3 percent.
~ET
At Sampark Online Finserv LLP, we provide financial advice and distribute various investment products with the most efficient & widest range, customized specifically to your NEEDS..@ Whether you are keen on small investments or playing it big, We provide financial advice and distribute various investment/financial products with the most efficient & widest range, customized specifically to your NEEDs.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
8 MILLIONS CHILDREN ARE NOT IN SCHOOL : THE POWER OF YOUR WORDS CAN HELP CHANGE THEIR LIVES .. JOIN THE MOVEMENT NOW
-
Insurers, it seem, believe that getting a family insured together is the best way to address the healthcareconcerns of people. Also, it...
-
Bharat - Market Capitalization: $1 Trillion: May 2007 $2 Trillion: July 2017 (10 Years) $3 Trillion: May 2021 (4 Years) $4 Tril...
-
बहुत समय पहले की बात है, सुदूर दक्षिण में किसी प्रतापी राजा का राज्य था . राजा के तीन पुत्र थे, एक दिन राजा के मन में आया कि पुत्रों को को क...
-
Budget is an annual financial statement of the government. It is about how the government earns and how it spends and whether there is sh...
-
#Yoga and #SIP 1. #Consistency and #Discipline: - Just as yoga requires regular practice, commit to contributing to your SIP co...
-
Worth evaluating ********************************* 👉 *1) Harshad Mehta Scam (1992):* Sensex corrected by 54% in 1 year, it jum...
-
*MF SIP Numbers as on Apr 30, 2024 :* 1. The Number of SIP accounts are 8.70 crores. In these accounts, there is Rs. 11.26 lac crores of AUM...
-
Summer is a good two months away, but some of us are already sweating. And for good reason. North Block has hinted at a higher tax for t...
No comments:
Post a Comment