Mumbai: RIL shares surged about 6 per cent today to over 4-month high, pushing up the Sensex by over 223 points amid reports that a government panel has convened a meeting on clearing the company”s KG-D6 annual investment plans that have been pending for two years.
RIL”s counter opened on a bullish note and as the trade progressed it rallied 5.66 per cent to an over 4-month high of Rs 785 on the BSE.
At the NSE, the stock soared 5.85 per cent to Rs 786.
In terms of volume, 6.94 lakh shares of RIL were traded on the BSE, while more than 43 lakh shares changed hands on the NSE.
Rally in the stock pushed the BSE benchmark Sensex higher by 223.18 points to 17,421.11 at 1219 hrs.
At present, RIL commands a market value of Rs 2,55,120 crore, the highest for any listed company in the country.
Meanwhile, the Oil Ministry has convened a meeting of an oversight panel this week to consider clearing annual investment plans for KG-D6 block of Reliance Industries that have been pending for past two years.
According to news reports, the KG-D6 block Management Committee, headed by the Directorate General of Hydrocarbons (DGH), is also to consider declaring three significant gas finds commercially viable.