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Reliance Industries Ltd.

Reliance Ind to invest ₹10,000 crore, 7th Feb 2019  

Reliance Industries Ltd has firmed up investment plans to the tune of ₹10,000 crore in West Bengal. A part of these proposals are already under implementation, its Chairman Mukesh Ambani said on Thursday...Read More


Reliance Industries Can Gain Significant Share In Retail, E-Commerce: UBS, 24th Jan 2019

A week after Reliance Industries (RIL) reported an 8.8 per cent rise in its consolidated net profit for the December quarter, global financial services firm UBS on Thursday said the Reliance Industries has the true potential to evolve from an integrated energy company into a consumer giant like Amazon or Alibaba. In a comprehensive 100-page report, UBS said Reliance Industries can become a market leader in telecom and media, while gaining a significant share in retail/e-commerce...Read More


Q3 Results: Reliance Industries Beats Estimates Even As Refining Margin Falls, 17th Jan 2019

Reliance Industries Ltd.’s profit rose for the sixteenth straight quarter even as relatively softer crude prices kept refining margin lower...Read More


Reliance to shut crude unit at 660,000 bpd refinery, 11th Jan 2019  

Reliance Industries Ltd, operator of the world's biggest refining complex at Jamnagar in western Gujarat, will shut one of its crude refining units from Jan. 16 for about 4 weeks for maintenance.Read More


Reliance Industries stock rises on RBI nod for merger of subsidiaries, 7th Jan 2019

The Reliance Industries stock rose in trade today after the conglomerate said the Reserve Bank of India (RBI) has cleared the proposed amalgamation of Reliance Holding USA Inc with Reliance Energy Generation and Distribution Limited (REGDL). Both firms are subsidiaries of Reliance Industries Ltd (RIL).Read More


Reliance Industries picks 5.56% stake in blockchain startup for $5 mn, 24th Dec 2018

Reliance Industries has acquired 5.56 per cent equity stake in technology startup Vakt Holdings Ltd, UK (VHL), for $5 million (approx Rs 35 crore).Read More


Reliance raises ₹36,000 crore via bonds, equity in FY19

livemint, 3rd Dec 2018

Mukesh Ambani-led Reliance Industries Ltd (RIL) raised nearly ₹36,000 crore this fiscal year by selling bonds and equity, Bloomberg data showed, as the company finances operations, refinances loans and expands its consumer businesses. The funds were raised by RIL and its two subsidiaries Reliance Industrial Investments and Holdings Ltd (RIIHL) and Reliance Jio Infocomm Ltd. While RIL and Reliance Jio Infocomm together raised ₹27,500 crore by selling 281,000 shares through debentures, RIIHL raised ₹8,000 crore through 778 million optionally convertible preference shares.Read More


Mukesh Ambani's Reliance Industries to expand Jamnagar complex; to brace against entry of Saudi, Russian players, 19th Nov 2018

Reliance Industries (RIL), which pipped Tata Consultancy Services (TCS) to become the most-valued company in terms of market capitalisation on Friday, is reportedly now planning to boost its oil-refining capacity by about 50%. This development comes against the backdrop of mushrooming energy demand.Read More


Reliance Industries raises Rs 3,000 crore through debentures, 9th Nov 2018

Reliance Industries on Friday said it has raised Rs 3,000 crore through a privately placed debenture issue. The unsecured, non-convertible redeemable debentures offered 8.95 percent return with a 10-year maturity, the company said in a regulatory filing.Read More


RIL Q2 result: Reliance Industries consolidated net profit up 17.4% at Rs 9,516 crore, 17th Oct 2018

RIL Q2 result: Reliance Industries Ltd (RIL) has posted a consolidated net profit of Rs 9,516 crore up 17.4% (YoY) in quarterly profit in its September quarter (Q2). RIL reported quarterly consolidated revenue of Rs 156,291 crore ($21.6 bn), up 54.5%, even as quarterly segment revenue of digital services crossed Rs 10,000 crore. It also revealed a record quarterly EBIT for petrochemicals, retail and that digital services Jio subscriber base crossed 250 million mark.Read More


Costly oil to shrink Reliance Industries’ refining margins

livemint, 12th Oct 2018

Reliance Industries Ltd (RIL), which operates the world’s single largest oil refinery, likely earned less out of each barrel of crude oil it processed in the September quarter due to costlier oil and a weak rupee, said analysts.Read More


Reliance hikes petrochemical prices to offset rising oil

livemint, 8th Oct 2018

Reliance Industries Ltd (RIL) raised prices of at least seven key petrochemicals in the last quarter to offset higher crude oil prices and counter the effect of a weakening rupee. Bulk chemicals traders, suppliers for RIL’s petrochemical products and analysts tracking the company said it raised prices by 10-21% in the second quarter of this fiscal while year-on-year increase is 17-61%.Read More


India's oil demand growth to slow down over next decades: Reliance Industries, 25th Sep 2018

India will continue to depend on oil as a mainstay of its energy but its oil demand growth will likely slow as the government pushes for cleaner energy and renewables, Harish Mehta, President, Refining & Marketing at Reliance Industries said on Tuesday .Read More


RIL gains 1% on report of Jio becoming second-largest telco by revenue market share, 27th Aug 2018

Shares of Reliance Industries rose 1 percent on Monday morning as investors cheered good revenue data for its telecom business, Reliance Jio. The stock has also hit a fresh 52-week high .Read More


India's Reliance to restart Jamnagar PE complex Wednesday evening, 15th Aug 2018

India's Reliance Industries Limited will restart its polyethylene complex at Jamnagar on Wednesday evening after shutting the plant for maintenance Sunday, a company source said .Read More


India’s Reliance to borrow US$2.5 billion to refinance debt

Asia Times, 19th July 2018

In order to boost its investment in telecom and retail units, India’s Reliance Industries is in talks with banks to raise up to US$2.5 billion in loans from overseas markets .Read More


Mukesh Ambani gets another 5 years as Reliance Industries chairman, 7th July 2018

Shareholders of Reliance Industries have approved giving Mukesh Ambani another five years as the chairman and managing director of the company .Read More


Reliance Industries gets green nod for Rs 2,338 crore expansion project in Maharashtra, 20th May 2018

The proposal is to expand the gas cracker and downstream plants located at Nagothane village in Raigad district by way of debottlenecking, expansion and change of fuel in captive power plant along with expansion and rebuilding of residential township .Read More


Reliance Ind plans to shut oil, gas fields in KG-D6 block, 29th April 2018

Reliance Industries plans to shut oil and gas production at its main fields in KG-D6 block in the coming months and begin complying with the government’s guidelines for decommissioning facilities in the Bay of Bengal block where output has hit its lowest ever .Read More


Reliance Industries-BP announce sanctioning of second project to develop satellite gas fields in KG-D6 block, 19th Apr 2018 

Reliance Industries and its partner BP plc on Thursday announced sanctioning of a second project to develop satellite gas fields in the KG-D6 block to help reverse the flagging output at the Bay of Bengal block .Read More


JM Financial, Reliance Ind buy Alok Industries, 12th Apr 2018, 19th Apr 2018

Reliance Industries along with JM Financial Asset Reconstruction has acquired the debt-laden textile company Alok Industries in a National Company Law Tribunal-driven debt resolution process .Read More


Reliance Industries Ltd Q3 PAT jumps to Rs. 9445 crores

Equity Bulls, 19th Jan 2018 

RELIANCE INDUSTRIES LTD. has reported financial results for the period ended December 31, 2017 .Read More


Reliance Industries likely to see big cash flow boost, says CLSA report, 3rd Jan’18 

Reliance Industries Ltd  is likely to see a big cash-flow boost as projects of over $40 billion start to deliver in full swing this fiscal while capex falls, international brokerage house CLSA said on Wednesday .Read More


Reliance Industries aims to be among world’s top 20 firms, 25th Dec 2017 l

Reliance Industries Ltd (RIL) aims to be among the top 20 companies in the world and become a leading provider of clean energy and solutions to the manufacturing sector as it enters its golden decade, chairman Mukesh Ambani said .Read More


Mukesh Ambani signals the start of a new investment cycle, 2nd Dec 2017 

With his multi-billion-dollar investment in telecom services well on track, Reliance Industries Ltd chairman Mukesh Ambani on Friday signaled the start of the next investment cycle, which might see the group venture into agriculture, education and healthcare. .Read More


Reliance Industries to raise Rs 5,000 cr next week via listed debentures, 3rd Nov 2017 

Reliance Industries said it would raise Rs 5,000 cr from the debt market by issuing debentures on Wednesday, November 8. .Read More


Reliance Ind rolls out polyester brand RElan 

thehindubusinessline, 20th October 2017

Reliance Industries Ltd (RIL) has rolled out a polyester brand – RElan in Bengaluru. Created by the company’s polyester division, RElan is a B2B2C initiative which creates co-branded polyester apparel range. .Read More


RIL becomes first Indian company to cross Rs6 trillion market cap, 30th Oct 2017 

Reliance Industries Ltd (RIL) became the first Indian company to cross Rs6 trillion market capitalization after its shares surged over 75% so far this year and hit a fresh lifetime high on Thursday. .Read More


India's Reliance starts up new Jamnagar PE complex, eyes stable output soon, 17th Oct 2017 

India's Reliance Industries Limited is in the process of stabilizing production at its new Jamnagar polyethylene complex, a company source said Tuesday. .Read More


Reliance Industries exits all international oil and gas blocks, 16th Oct 2017 

Reliance Industries (RIL) has sold all its conventional oil and gas exploration blocks outside India .Read More


RIL offloads US shale gas assets as falling crude oil prices dent profits, 9th Oct 2017 

Reliance Industries has agreed to sell the upstream Marcellus shale gas assets in Pennsylvania, US, for $126 million .Read More


Reliance Industries outbids GAIL to buy all its own CBM gas, 28th Sep 2017 

Reliance Industries has outbid rivals, including state-owned GAIL India, to buy the entire volume of natural gas from its own coal seam blocks until March 2021 .Read More


Reliance Ind acquires Kemrock in auction-sale by banks, 6th Sep 2017

Billionaire Mukesh Ambani's Reliance Industries has bought over distressed bank assets of Vadodara-based Kemrock Industries and Exports Ltd, a plastics and composites maker, through an e-auction. Read More

Global Supply Glut to Fuel Reliance Industries' Second Quarter Earnings
Bloombergquint com, 5th Sep 2017
A natural disaster in the U.S. and a mishap in Europe's largest refinery disrupted the crude oil supply leading to a rise in the Singapore gross refining margin (GRM). Singapore gross refining margin, Asia's oil benchmark, is at one-year high of $10.5 per barrel, according to a Morgan Stanley report. Read More

Reliance Industries eyes $300 million boost from switch to ethane, 24th Aug 2017
The ongoing switch to ethane as feedstock at Reliance Industries Ltd's petrochemical units in Dahej, Hazira and Nagothane will drive up operating profit by $300 million, company executives said. Read More

Reliance said to plan refinancing part of $12 billion debt, 8th Aug 2017
Reliance Industries plans to refinance a significant portion of $12 billion of borrowings that mature over the next 3 years and may sell bonds to repay the debt. Read More

Reliance net profit up 28% on stable crude oil prices, 20th July 2017
Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries reported net profit of ₹9,108 crore for the June 2017 quarter, up 28 per cent from the corresponding period last year. Read More

Reliance Industries market cap crosses Rs 5 lakh crore for the first time, 17th July 2017
Reliance Industries Limited (RIL), the most valuable firm on the bourses, crossed Rs 5 lakh crore in market capitalization for the first time in its trading history on Monday. The Mukesh Ambani- led company has become the second firm to do so after Tata Consultancy Service (TCS), which is now the second most valuable company in terms of market-capitalization. Read More

Reliance buys coal bed methane gas from own blocks at $7.8/mBtu, 10th July 2017
Reliance is buying its own coal bed methane gas (CBM gas) for its own use since the production is very small and there is no third party user. Read More

Reliance Industries overtakes TCS to become most valued Indian firm, 23rd June 2017
After a gap of two months, Reliance Industries Ltd (RIL) on Friday regained the status of the country's most valued firm, overtaking Tata Group's TCS in terms of market valuation. Read More

Reliance Industries-BP end 7-year investment famine in India, announce Rs 40,000 cr KG-D6 Basin gas deal, 16th June 2017
Ending a seven-year investment famine in India's potentially explosive gas economy, Reliance Industries and its partner BP on Thursday pledged to infuse Rs 40,000 crore in the once-prolific deepwater gas fields of the Krishna-Godavari (KG) D6 block on the country's east coast. The investments will be over the next three to five years. The renewed agreement between the two companies will also include exploring non-conventional energy sources such as advanced low-carbon fuels and renewable energy, apart from investing in downstream businesses, including retail fuel outlets. Read More

RIL commissions last crystallization unit paraxylene complex in Jamnagar
Business Standard, 9th June 2017
Reliance Industries Ltd (RIL) has successfully commissioned the last crystallization train (Train 3) of the paraxylene (PX) complex at Jamnagar. This plant is built with state-of-the-art crystallization technology from BP which is highly energy efficient. With the commissioning of this plant, RIL's PX capacity has more than doubled making it world's second largest producer of paraxylene with about 11 percent of global production. Read More

Reliance Industries eyes 10% market share in fuel retail, 29th May 2017
Reliance Industries Ltd (RIL) is targeting doubling its market share in fuel retail in the next two-three years as it expands the business, two people aware of the plan said. RIL currently has a 5% share of India's fuel retail market. Read More

Reliance Industries's free cash flow may turn positive from FY19, 3rd May 2017
With most of its expansion and diversification plans completed, Reliance Industries Ltd, which has been reporting negative free cash flow for the past four years, will return to positive terrain starting 2018-19, say analysts. Read More

India's Reliance to ship first term paraxylene from new plant to China by end April, 20th Apr 2017
India's Reliance Industries Limited or RIL will make its first term paraxylene export to China from the second phase of its new 2.2 million mt/year plant at Jamnagar at end April, industry sources said Wednesday. Read More

Reliance Industries completes 76% stake sale in Gapco to Total, 29th Mar 2017
Reliance Industries Ltd (RIL) on Wednesday said it has completed the sale of its entire 76% stake in African fuel retailer Gulf Africa Petroleum Corp. (Gapco) to Total SA of France for an undisclosed sum. Read More

Reliance promoters rejig holding pattern, 2nd Mar 2017
Reliance Industries has decided to simplify the complex holding structure of the company as eight promoter entities have agreed to buy about 119 crore shares representing 36.7% stake in the firm from 15 promoter entities at a price of ₹1,100.78 per share. Read More

Reliance Industries and SIBUR sign MoU
Business Standard, 18th January 2017
Reliance Industries and Russian petrochemical giant SIBUR signed an MoU at the recently-concluded Vibrant Gujarat Summit at Gandhinagar to set up South Asia's first butyl rubber halogenation unit at RIL's integrated petrochemical site in Jamnagar, Gujarat. Read More

RIL's cumulative investment in Gujarat at over Rs 2.4 trillion, Chairman Mukesh Ambani says, 10th Jan 2017
Reliance Industries Ltd Chairman Mukesh Ambani said his company has made cumulative investments worth over Rs 2.4 trillion to date in Gujarat state, making it the largest investment by a single Indian corporate house in one state. Out of this, Rs 1.25 trillion were invested in the last four years alone, Ambani said, adding that it was Rs 100 billion more than the company had committed in MoUs with the government. These investments will be completed by March of this year. "Our global scale of investment is an expression of our commitment and faith in the Gujarat story," Ambani said at the inaugural of the ongoing Vibrant Gujarat Global Summit 2017. Read More

RIL starts first phase of para-xylene plant at Jamnagar, 29th Dec 2016
Reliance Industries's 2.2 MMTPA para-xylene plant in Jamnagar is built with technology from BP Plc, its partner in KG-D6 basin. Read More

Fire at Reliance Industries' Jamnagar refinery, no hit to production, 24th Nov 2016
A fire broke out at the refinery site of Reliance Industries Ltd in Gujarat on early Thursday morning but there was no hit to production, said a company source under condition of anonymity. Read More

Reliance Industries, GE tie up for industrial IOT, 17th Nov 2016
Reliance Industries and GE on Thursday announced the signing of a global partnership agreement in the Industrial Internet of Things (IIOT) space whereby the two will work together to build joint applications on GE's Predix platform. Read More

Petchem, refining segments fuel Reliance Ind's Sept quarter, 20th Oct 2016
Like earlier, the petchem and refining segments saw Reliance Industries (RIL) sail home in style in the recent September quarter. Its retail business chugged along fine, while the oil and gas exploration segment continued to languish. Read More

Reliance expects first US ethane cargo as early as December, 5th Oct 2016
India's Reliance Holdings expects to receive its first shipment of US ethane as early as December, following Europe's Ineos and Borealis as US ethane buyers. Read More

Reliance-led scalerator programme launches yet another batch of startups into big league, 20th Sep 2016
Reliance Industries-led startup accelerator programme, the GenNext Innovation Hub, has been successfully nurturing digital entrepreneurship in India, putting the country on the global map as a startup and innovation hub. RIL's programme, in partnership with Microsoft Ventures, celebrated the graduation ceremony of nine startups this week, with an aim to bring global exposure to the fledgling startup ecosystem in the country. Read More

Reliance Industries intimates of term loan facility for Reliance Sibur Elastomers
Business Standard, 10th Sep 2016
Reliance Sibur Elastomers, a subsidiary of Reliance Industries has signed facility agreement for availing a term loan facility of US$ 330 million (equivalent to approximately Rs 2193 crore) by way of External Commercial Borrowing. Read More

Reliance Industries AGM: Top five things to look at, 1st Sep 2016
Everyone will be keenly watching Mukesh Ambani's speech at the Reliance Industries annual general meeting on Thursday. Over the past five years, RIL, India's largest private sector company has announced its entry into several new businesses and investors and analysts will want to know more—including specifics on the keenly-waited, much-delayed, always-imminent launch of Jio. Read More

India's Reliance set to start new 2.2 mil mt/year paraxylene plant in Oct, 25th August 2016
Reliance Industries Ltd plans to start its new 2.2 million mt/year paraxylene plant at Jamnagar in October, a source close to the company said late Wednesday, confirming that the project was on schedule as announced earlier this year. Read More

Reliance shale gas returns sink with oil prices
Business Standard, 17th August 2016
The great American shale gas hunt in the US six years ago attracted investors from all over the world. Crude oil touched a record high of $146 a barrel in July 2008 and shale gas, extracted from rocks by using streams of water and chemicals, was touted as the game changer for the oil industry. Read More

Reliance Industries prefers using debt to cash for capex
Business Standard, 6th August 2016
Reliance Industries (RIL) had its largest capital expenditure — of Rs 1.12 lakh crore ($17 billion) in 2015-16 — in augmenting hydrocarbon assets and building infrastructure for the launch of its telecom business, Jio. Read More

Reliance Industries, BP Spend Rs 4,500 Crore To Maintain Gas Output At KG-D6, 24th July 2016
Reliance Industries and its partner BP plc of UK have invested over Rs 4,500 crore in the flagging eastern offshore KG-D6 block to maintain gas output at current level despite the steep natural decline that has set in in the seven-year old fields. Read More

Reliance Industries high on margins, 15th July 2016
Oil and gas giant Reliance Industries Ltd (RIL) reported consolidated net profit of ₹7,113 crore in the first quarter of this fiscal, up 18.1 per cent from the corresponding period last year. Revenue fell 13.4 per cent year-on-year to ₹71,451 crore due to a 26 per cent decline in benchmark Brent crude oil prices. Read More

Reliance Industries Ltd to announce Q1 results on July 15, 2016
Equity Bulls, 8th July 2016
A meeting of the Board of Directors of Reliance Industries Ltd will be held on July 15, 2016, to consider and approve the standalone and consolidated unaudited financial results of the Company for the first quarter ended on June 30, 2016 (Q1). Read More

RIL gets Environment Ministry nod to drill 8 wells in Tamil Nadu
Business Standard, 4th July 2016
Reliance Industries Ltd (RIL) has got approval from the Ministry of Environment & Forests (MoEF) to drill eight additional exploratory wells in Tamil Nadu. The company plans to invest around Rs 800 crore to drill these new wells. Read More

RIL, IIP develop technology to reduce benzene levels, 20th June 2016
Reliance Industries in a collaboration with Indian Institute of Petroleum (IIP) Dehradun has developed an indigenous technology to restrict benzene, a carcinogenic element in gasoline and naphtha. Read More

Reliance Industries restarts PTA plants at Dahej
Business Standard, 3rd June 2016
Reliance Industries Limited (RIL) has restarted its purified terephthalic acid (PTA) plants at Dahej, and said that it is ramping up production to full capacity. On May 31, 2016, RIL had announced that it has temporarily shut down its PTA and polyethylene terephthalate (PET) plants at Dahej owing to increased water salinity..........

livemint, 12th Oct 2018

Reliance Industries Ltd (RIL), which operates the world’s single largest oil refinery, likely earned less out of each barrel of crude oil it processed in the September quarter due to costlier oil and a weak rupee, said analystsCostly oil to shrink Reliance Industries’ refining margins

livemint, 12th Oct 2018

Reliance Industries Ltd (RIL), which operates the world’s single largest oil refinery, likely earned less out of each barrel of crude oil it processed in the September quarter due to costlier oil and a weak rupee, said analystsCostly oil to shrink Reliance Industries’ refining margins

livemint, 12th Oct 2018

Reliance Industries Ltd (RIL), which operates the world’s single largest oil refinery, likely earned less out of each barrel of crude oil it processed in the September quarter due to costlier oil and a weak rupee, said analystsCostly oil to shrink Reliance Industries’ refining margins

livemint, 12th Oct 2018

Reliance Industries Ltd (RIL), which operates the world’s sing

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