{"id":615944,"date":"2023-11-08T09:18:04","date_gmt":"2023-11-08T03:48:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=615944"},"modified":"2023-11-08T10:00:13","modified_gmt":"2023-11-08T04:30:13","slug":"oil-gas-biz-may-be-nearing-peak-for-ril-claims-larger-share-in-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gas-biz-may-be-nearing-peak-for-ril-claims-larger-share-in-profit\/","title":{"rendered":"Oil &amp; gas biz may be nearing peak for RIL, claims larger share in profit"},"content":{"rendered":"<p>Reliance Industries (RIL)&#8217;s oil and gas vertical in the latest financial quarter reported its record quarterly profit ever. Even as this business finally claims a larger share in overall profits, analysts say it may be nearing a peak for now. <\/p>\n<p>RIL\u2019s oil and gas business performance for several years has been lacklustre in comparison to the profits its other divisions have returned. The business has, however, looked up in the past several quarters with gas production commencing from the KG-D6 block. <\/p>\n<p>\u201cThe turnaround began with the start of gas production at KG-D6 (commenced gas production from satellite cluster in April 2021 and R-cluster in December 2020),\u201d analysts with BNP Paribas noted in their report on the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL)&#8217;s oil and gas vertical in the latest financial quarter reported its record quarterly profit ever. Even as this business finally claims a larger share in overall profits, analysts say it may be nearing a peak for now. RIL\u2019s oil and gas business performance for several years has been lacklustre in comparison to the profits its other divisions have returned. The business has, however, looked up in the past several quarters with gas production commencing from the KG-D6 block. \u201cThe turnaround began with the start of gas production at KG-D6 (commenced gas production from satellite cluster in April [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-615944","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/615944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=615944"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/615944\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=615944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=615944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=615944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}