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Clarifies on News Item

| Updated on March 18, 2011 Published on March 18, 2011

With reference to news item appearing in on leading web-portal titled "Nifty trades lower; RIL down over 3%", Reliance Industries Ltd has clarified to BSE as under :

"Reliance Industries Limited (RIL) has ongoing discussions, consultation and correspondence with the Director General of Hydrocarbons in respect of regulatory compliance, technical reviews and finalisation of work program and budgets for the future years.

The projected production figures referred to in the media are purely provisional and indicative and are subject to such variations as may emerge during the actual operations in the future years. These variations can be on account of physical inputs, work program as well as geological and reservoir complexity.

RIL makes the necessary disclosures of actual production from its domestic oil and gas segment in its quarterly financial releases.".

Source : BSE - >www.bseindia.com

Published on March 18, 2011
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