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Reliance Industries Ltd.

India's Reliance starts up new Jamnagar PE complex, eyes stable output soon

Platts.com, 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

livemint.com, 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

livemint.com, 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

moneycontrol.com, 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

thehindubusinessline.com, 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
Livemint.com, 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
livemint.com, 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
thehindubusinessline.com, 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
timesofindia.indiatimes.com, 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
livemint.com, 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
hindustantimes.com, 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
financialexpress.com, 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
livemint.com, 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
livemint.com, 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
Platts.com, 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
livemint.com, 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
thehindu.com, 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
financialexpress.com, 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
livemint.com, 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
livemint.com, 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
thehindubusinessline.com, 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
thehindubusinessline.com, 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
Platts.com, 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
timesofindia.indiatimes.com, 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
livemint.com, 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
Platts.com, 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
profit.ndtv.com, 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
thehindubusinessline.com, 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
timesofindia.indiatimes.com, 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..........


 
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