RIL slips over 1% after government slaps Rs 6,600 crore fine for KG-D6 output fall

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Shares of Reliance Industries Ltd., slipped more than one per cent to a weekly low in the early trade on Bombay Stock Exchange (BSE) after the government slapped a hefty penalty of about Rs 6,600 crore ($1.235 billion) on the oil and gas major for the steep fall in gas output from the KG-D6 block.

Reacting to the news, shares of the company touched a day's low of Rs 728 a piece, and were currently trading at Rs 736, down 0.39 per cent.

In a similar fashion, shares of the company were trading at Rs 736.35, down 0.34 per cent on the National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 17,066.86, down 84.33 points at 10:10 hours.

Read more about: reliance industries
Story first published: Friday, May 4, 2012, 15:52 [IST]
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