Reliance finds oil in Cambay Basin1 min read . Updated: 10 Nov 2009, 10:53 AM IST
Reliance finds oil in Cambay Basin
Mumbai: Reliance Industries on Tuesday announced its first oil discovery in its exploration block in the Cambay Basin off Gujarat.
Reliance holds 100% participating interest in the block which covers an area of 635 square kilometres, it said in a statement.
This block was awarded to Reliance under the fifth round of the New Exploration Licensing Policy.
By 10:17 am, shares in Reliance were trading up 2.7% at Rs2,079, while the main index was up 0.83%.