Tuesday, July 10, 2018

RIL gains 3% on bidding for gas distribution license

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Reliance stock gained 3% and closed at Rs 1027. The stock has gained more than Rs 60 in the last 3 trading sessions.

Reliance-BP joint venture has bid for licence to retail gas in 15 cities. 

Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, today. 

India Gas Solutions  -- the 50:50 JV of UK's BP and Reliance Industries, is making its maiden foray in city gas distribution as it put in bid for 15 cities.

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