Pipeline fire: RIL restores gas supply, assessing loss

Written By Unknown on Kamis, 05 Maret 2015 | 21.03

Fire had broken out in the wee hours of Sunday in the 1,375 km-long RGTIL-operated natural gas pipeline at Sadasivapet in Medak district.

Reliance Industries  is in the process of assessing the gas loss due to damage of a trunk pipeline and subsequent fire at Sadasivapet in Telangana as the supply of gas has been restored.

Fire had broken out in the wee hours of Sunday in the 1,375 km-long RGTIL-operated natural gas pipeline at Sadasivapet in Medak district. "Supply of gas has been restored through the pipeline last night," a source told Media.

The pipeline transports the gas from its KG-D6 field in Kakinada to Bharuch in Gujarat for supplying it to RIL customers. There was no loss of life or injuries due to the incident, the company had earlier said.

A senior government official said the gas supply had been stopped for nearly three days for taking up necessary repair works to the damaged portion of the pipeline.

"The actual amount of gas lost in fire is still being assessed and is likely to be a fraction of what has been reported (in a section of media)," a company statement said.

Reduction or interruption of gas flow to downstream customers is expected to last for a period of about 24 to 48 hours and all authorities concerned and affected customers have been informed, the company had earlier said.

The official said there will not be any inquiry from the government end as there was no financial or human loss reported in the fire.

Disclosure: Network 18, which publishes moneycontrol.com, is part of the Reliance Group.

Reliance stock price

On March 05, 2015, Reliance Industries closed at Rs 884.40, down Rs 2.55, or 0.29 percent. The 52-week high of the share was Rs 1142.50 and the 52-week low was Rs 805.00.


The company's trailing 12-month (TTM) EPS was at Rs 68.32 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 12.94. The latest book value of the company is Rs 609.07 per share. At current value, the price-to-book value of the company is 1.45.


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