<p>Reliance Industries, has contacted bankers to help him sell the business and the process is at an early stage, the newspaper said.<br /><br />Two people familiar with the matter said the privately-owned gas pipeline business could be worth around $1 billion, it said.<br /><br />"We do not comment on market speculation," a Reliance spokesman told Reuters when asked about the report.<br /><br />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.<br /><br />In February, BP Plc agreed to buy a 30-percent stake in 23 oil and gas blocks owned by Reliance Industries, for $7.2 billion.</p>
<p>Reliance Industries, has contacted bankers to help him sell the business and the process is at an early stage, the newspaper said.<br /><br />Two people familiar with the matter said the privately-owned gas pipeline business could be worth around $1 billion, it said.<br /><br />"We do not comment on market speculation," a Reliance spokesman told Reuters when asked about the report.<br /><br />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.<br /><br />In February, BP Plc agreed to buy a 30-percent stake in 23 oil and gas blocks owned by Reliance Industries, for $7.2 billion.</p>