Reliance Industries (RIL) is most likely headed for bumper gains from its exploration and production vertical in FY22. According to Harsh Dole, vice-president of IIFL, the commercialization of key gas discoveries of RIL are no less than a game-changer. “FY22 will be a watershed year for them (RIL) in the upstream business.

• Waaree Energies Shares Soar 8% on Securing 170 MW Project 
• Gland Pharma Shares Rally 5% on Securing USFDA Approval
• Reliance Power Shares Hit 5% Upper Circuit as Arm Secures Solar Energy Project 
• Stocks in Focus: ONGC, Reliance Power, Tata Power and Others
• Stocks Under F&O Ban: Hindustan Copper, PVR Inox, RBL Bank, and Others

This is because the Deepwater R-Cluster field, commercialized in December 2020, has been ramped up and they have commercialized Satellite Cluster ahead of time. Gas production will itself be substantially higher than last year,” said Dole.

Stock Covered in the news

Reliance Industries Ltd-View Detailed Analysis