The trigger was not related to a boost in Reliance’s offshore gas production. Nor was the market cheering a new incentive being provided to the sector.
Instead, investors were cheering S Jaipal Reddy’s loss of the petroleum minister portfolio, after being viewed as being unfriendly towards the corporate sector in general and Reliance in particular.
The tussle between Reliance and the Ministry of Petroleum & Natural Gas has been a prolonged affair.
In
