RGTIL reports no injuries, loss of life in Zaheerabad fire

This is to inform that early morning today, a fire was noticed in a section of the RGTIL pipeline near Zaheerabad in remote Telangana due to gas leak in the Main Line Valve (MLV) 14.

Following is a press release from Reliance Gas Transportation Infrastructure Limited:

This is to inform that early morning today, a fire was noticed in a section of the Reliance Gas Transportation Infrastructure Limited (RGTIL) pipeline near Zaheerabad in remote Telangana due to gas leak in the Main Line Valve (MLV) 14.

There is no loss of life or injuries.

Our experts have immediately reached the War Room as well as the site of fire.

The fire is being controlled and contained by safely evacuating and cordoning off that section of pipeline.

It might take another few hours to evacuate and extinguish the fire.

Once the fire is extinguished, the MLV 14 will be isolated and after an internal investigation, normal gas flow to the downstream customers will be resumed.

Reduction or interruption of gas flow to the downstream customers is expected to last for a period of about 24 hrs.

All concerned authorities and affected customers have been informed.

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

Reliance stock price

On March 02, 2015, at 11:14 hrs Reliance Industries was quoting at Rs 857.95, down Rs 8.3, or 0.96 percent. The 52-week high of the share was Rs 1142.50 and the 52-week low was Rs 794.00.

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 12.56. 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 1.41.

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