Reliance Ind tumbles 3.7 per cent on reports of output fall news

Reliance Industries

Reliance Industries Ltd (RIL) saw its scrip fall 3.71 per cent on the BSE and by 3.92 per cent on the NSE, after news agency reports on Friday morning about lower gas production from its Krishna-Godavari basin fields.

The reports said production of gas at the D-6 block would decrease by 13 per cent and that the company hoped that UK's BP would help fix it. BP, last month, bought 30 per cent stake in RIL's exploration business for $ 7.2 billion (Rs32,400 crore).