RIL shares slide by nearly 2%

Shares of Reliance Industries fell by nearly 2 per cent on Friday after the government slapped a $1.55 billion demand on the company and its partners BP and Niko for “unfairly enriching” by producing natural gas belonging to ONGC. The stock went down by 1.92 per cent to end at Rs 1,005.80 on BSE. At NSE, shares of the company dipped 1.79 per cent to end at Rs 1,005.55. In terms of volume, 2.18 lakh shares of the company were traded on BSE and over 26 lakh changed hands at NSE during the day.  

The oil ministry on November 3 issued a notice to all the three partners seeking USD 1.47 billion for producing 338.332 million British thermal unit in seven years ended March 2016.