In a major development today RNRL won the gas dispute and Reliance Natural Resources Ltd will be getting the assured 28 million metric standard cubic metre per day (mmscmd) of gas supply from Mukesh Ambani’s KG basin for 17 years. Following this the stock price of RIL took a beating in the D-Street and tumbled by 7.5% to close at 2180 levels.

On the other hand the share price of RNRL went on to gain a massive 24% in the trading session today. RNRL share value now stands at Rs 108.35 after the market closing today. It was a big decision on the part of RNRL to get the gas supply for 17 years from KG basin. The stock market also crashed today when nifty closed down by almost 100 points at 4484 levels and sensex closed at 14,875 levels down by 362 points.

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