Premium
This is an archive article published on July 6, 2011

Mukesh Ambani to sell gas pipeline biz

RIL chairman has contacted bankers to help him sell the business,reports Wall Street Journal.

google-preferred-btn

Mukesh Ambani is looking to sell Reliance Gas Transportation Infrastructure Ltd,a business that builds pipelines to carry natural gas across the country,the Wall Street Journal reported,citing people familiar with the matter.

Ambani,chairman of energy major Reliance Industries,has contacted bankers to help him sell the business and the process is at an early stage,the newspaper said.

Two people familiar with the matter said the privately-owned gas pipeline business could be worth around $1 billion,it said.

Story continues below this ad

“We do not comment on market speculation,” a Reliance spokesman told Reuters when asked about the report.

In May,India’s upstream regulator said Reliance was producing 48 million standard cubic metres per day of gas from the the key D6 block of Krishna-Godavari basin.

In February,BP Plc agreed to buy a 30-per cent stake in 23 oil and gas blocks owned by Reliance Industries,for $7.2 billion.

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Officials said they will share more information as details of the accident become clearer.
8 killed in Bilaspur train collision, coach being cut to remove trapped passengers
mehli mistry
Tata Trusts battle: Mehli Mistry calls it quits
Amitabh Bachchan
EntertainmentBollywood villain, who acted alongside Amitabh Bachchan and Govinda, married five times; battled depression, and died in isolation
Private detective Tanya Puri
EntertainmentActor cheated on wife with younger actresses, she didn't consider physical infidelity 'cheating': Private detective
Woman rejects job for toxic manager workplace culture
TrendingWoman turns down 35% salary hike after rude interview experience, sparks debate on workplace culture: ‘I earn less, but I sleep better’
Leaving behind the rush of city life isn’t something most people can do easily, but for Divya Bhathela, it was the only way to truly find peace. Once based in Dubai, surrounded by its gleaming skyscrapers and constant motion, she chose to walk away from it all for a quieter, more meaningful existence in the Himalayas. With a one-way ticket to India and a heart set on change, Divya arrived in Rishikesh, the spiritual capital by the Ganga, to begin her new life as a meditation coach. In a short Instagram video, Divya documented her journey, from boarding her flight to Dehradun to settling into a simple ashram room that she now calls home for the next 30 days. The space, bare yet serene, symbolises her commitment to “living, learning, and unlearning”. Sharing her motivation behind the move, Divya wrote that meditation had completely transformed her outlook on life. “It helped me see myself and manifest the life of my dreams. I thought, what if I could teach others to do it too? So here I am to become a certified meditation coach,” she wrote in her video. Her caption read, “New journey, let me know what more on this journey should I talk about.” Watch the video: https://www.instagram.com/reel/DQinGnbiXyr/?utm_source=ig_web_copy_link The post has gone viral, nearing seven lakh views, with people flooding the comments section, some applauding her decision, others relating deeply to her quest. One Instagram user wrote, “I stayed in Rishikesh for six months and it transformed me from within. It’s gonna be a wonderful experience, do soak in all the positivity of Rish. All the best.” Another user, with a hint of humour, remarked, “So now Rishikesh is the new sunburn bcoz this is probably the tenth or twelfth post I am seeing of people going there for retreats and making content on it.” Others were inspired by her courage. “You are inspiring me to do the same as I have always been inclined to Yoga and meditation,” one person commented. “I was in Rishikesh for few hours just to see the Ganga Aarthi, it moved me so much I started to cry, would love to go there again.” Woman leaves Dubai for Rishikesh
TrendingWoman reveals why she left her ‘dream life’ in Dubai for Rishikesh: ‘Shiva blessed me’
Women's World Cup India vs South Africa
Sports'India's win can change the mentality towards women's cricket... so many from small villages will get confidence that they too can represent country'
Mohamed Allam FIDE World Cup Palestine
SportsFor Mohamed Allam, only Palestinian at FIDE World Cup, chess is not war on the board... it's a peaceful paradise
Trump has announced G2 – with China. What should India do?
OpinionTrump has announced G2 – with China. What should India do
abdul ghafoor
ExplainedChief Ministers of Bihar | Abdul Ghafoor: Bihar’s first and only Muslim CM since Independence
health
Ways to know you have a regulated body clock
Thinking Matter
TechnologyWhere did the gold on Earth come from - and is the Universe still making more?
Advertisement
Must Read
Sports'India's win can change the mentality towards women's cricket... so many from small villages will get confidence that they too can represent country'
Women's World Cup India vs South Africa
SportsFor Mohamed Allam, only Palestinian at FIDE World Cup, chess is not war on the board... it's a peaceful paradise
Mohamed Allam FIDE World Cup Palestine
SportsWhy Abhimanyu Mishra, the world's youngest grandmaster, feels his career has stagnated
USA Grandmaster Abhimanyu Mishra in action during FIDE World Cup 2025 in Goa. (PHOTO: Michal Walusza/FIDE)
TechnologyWhere did the gold on Earth come from - and is the Universe still making more?
Thinking Matter
TechnologySwitch 2 sales are on fire as Nintendo’s flagship console emerges a bonafide hit
Switch 2
TechnologyDailyObjects Stack Phone ecosystem review: Modular phones might still be a dream, but modular accessories are not 
Think of DailyObjects Stack as a platform where the company offers grips, wallets, stands, and lanyards
Ways to know you have a regulated body clock
health
Advertisement
Buzzing Now
TrendingWoman turns down 35% salary hike after rude interview experience, sparks debate on workplace culture: ‘I earn less, but I sleep better’
Woman rejects job for toxic manager workplace culture
TrendingWoman reveals why she left her ‘dream life’ in Dubai for Rishikesh: ‘Shiva blessed me’
Leaving behind the rush of city life isn’t something most people can do easily, but for Divya Bhathela, it was the only way to truly find peace. Once based in Dubai, surrounded by its gleaming skyscrapers and constant motion, she chose to walk away from it all for a quieter, more meaningful existence in the Himalayas. With a one-way ticket to India and a heart set on change, Divya arrived in Rishikesh, the spiritual capital by the Ganga, to begin her new life as a meditation coach. In a short Instagram video, Divya documented her journey, from boarding her flight to Dehradun to settling into a simple ashram room that she now calls home for the next 30 days. The space, bare yet serene, symbolises her commitment to “living, learning, and unlearning”. Sharing her motivation behind the move, Divya wrote that meditation had completely transformed her outlook on life. “It helped me see myself and manifest the life of my dreams. I thought, what if I could teach others to do it too? So here I am to become a certified meditation coach,” she wrote in her video. Her caption read, “New journey, let me know what more on this journey should I talk about.” Watch the video: https://www.instagram.com/reel/DQinGnbiXyr/?utm_source=ig_web_copy_link The post has gone viral, nearing seven lakh views, with people flooding the comments section, some applauding her decision, others relating deeply to her quest. One Instagram user wrote, “I stayed in Rishikesh for six months and it transformed me from within. It’s gonna be a wonderful experience, do soak in all the positivity of Rish. All the best.” Another user, with a hint of humour, remarked, “So now Rishikesh is the new sunburn bcoz this is probably the tenth or twelfth post I am seeing of people going there for retreats and making content on it.” Others were inspired by her courage. “You are inspiring me to do the same as I have always been inclined to Yoga and meditation,” one person commented. “I was in Rishikesh for few hours just to see the Ganga Aarthi, it moved me so much I started to cry, would love to go there again.” Woman leaves Dubai for Rishikesh
Trending‘Forget Shark Tank…’: Bengaluru kids’ Rs 10 paper bag startup Eco Wala steals billionaire Harsh Goenka’s heart
Bengaluru kids paper bag startup Eco Wala
Trending'Worked nonstop for 17 years, never took a break': Laid off Amazon techie's post sparks debate
When the layoff email arrived, he said the emotions were overwhelming
TrendingPakistani fan celebrates India’s Women’s World Cup win, sings 'Jana Gana Mana...' in viral video: ‘We are one family’
pakistani fan celebrates India’s Women’s World Cup win
Nov 04: Latest News
Advertisement