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Crude production of Reliance falls by 31% leading to the decline in its share price

relianceRIL or Reliance Industries Limited witnessed a high of one thousand and twenty rupees within the day and became as low as one thousand nine rupees and thirty five paisa in the same day.  

Today at around thirty eight minutes past  nine in the morning it was trading at one thousand twelve rupees and sixty five paisa down by zero decimal five two percent equivalent to five rupees and twenty five paisa.   

There was a drop in the crude production of the company in the tune of thirty one percent. The firm is set to raise a fund of one billion US dollar through bonds.  

The firm was trading with total number of sixty seven thousand and twenty shares. The shares saw an increase of one decimal one four percent equivalent to eleven rupees and forty five paisa and closed at one thousand and seventeen rupees and ninety paisa yesterday.  

DGH or the Directorate General of Hydrocarbons ,an agency which monitors exploration and production of a company on behalf of the oil ministry questioned Reliance about its lower than expected crude oil production from its KG D6 field which Reliance claimed.  

A couple of weeks back the agency issued a letter to the firm expressing their concerns over the performance of the KG D6 field.  

In another discussion the DGH had stated that a couple of gas fields in D6 were producing an amount of just forty eight to fifty million metric standard cubic meters of gas an amount of just forty eight to fifty million metric standard cubic meters (mmscmd) of gas per day where they should supposedly produce eighty mmscmd of gas per day which was foreseen in the plan of development.