Reliance Industries (RIL) is trading higher by 1.5% at Rs 732 bouncing back almost 3% from day’s low on the National Stock Exchange. The stock opened at Rs 718 and hit a low of Rs 712.

Mukesh Ambani, chairman of RIL while addressing shareholders at the company’s annual general meeting on Thursday said that the company hopes to produce an additional 30 million cubic meters per day of gas at its KG-D6 field off India’s east coast.

The company is planning to invest around Rs 100,000 crore across business verticals aims to double its operating profit in the next 4-5 years.

A combined 2.67 million shares have changed hands on the counter so far on both the exchanges.