Reliance Industries: Quotes, News

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Revenues at the company during the quarter were placed at Rs 97,807 crores. The company has declared a dividend of 95 per cent.

Meanwhile, RIL said that the company along with its partners announced two significant hydrocarbon discoveries during the year.

In May 2013, RIL, BP and NIKO announced a significant gas and condensate discovery in the KG-D6 block off the eastern coast of India. The discovery, named ‘D55', is expected to add to the hydrocarbon resources in the KG-D6 block. In August 2013, RIL and BP announced a new gas condensate discovery off the east coast of India in the Cauvery basin. The discovery, in the deepwater block CY-DWN-2001/2 (CY-D5), is situated 62 kilometers from the coast in the Cauvery basin and is the second gas discovery in the block.

During the year, JV completed 6 wells in Panna "L" area and 6 infill wells in the PJ/ PG areas which has resulted in additional volumes to partially arrest the production decline.
As part of the Mukta field development, the Mukta-B development plan was submitted and approved by Management Committee. The production from Mukta-B development is likely to start in FY16.

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