The shares of Reliance Industries Ltd witnessed a decline of 0.72 percent on the BSE. The shares closed at Rs 2,037. The company failed to excite the market by announcing production of gas the KG-D6 block. 

The company has announced to start production from D6 basin in January. RIL Chairman, Mukesh Ambani has also announced that the company would raise oil output to 550,000 barrels a day in six to eight quarters. However, the government has forecasted that the production would begin by November.

An independent equity advisor, S P Tulsian said that there was nothing new in the recent announcement of the company. So the fresh announcement failed to develop excitement in the investors. The profit on hydrocarbons is decreasing day by day.