Profit

RIL buys 60% in US shale gas JV for $392 mn

PUBLISHED ON: August 5, 2010 | Duration: 2 min, 39 sec

   
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Mukesh Ambani-led Reliance Industries Ltd (RIL) has announced the acquisition of 60 per cent stake in Marcellus shale-gas acreages held by Carrizo Oil and Gas Inc and its partner for $392 million (Rs 1,842 crore). The deal is RIL's third shale gas acquisition in the US this year.
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