Page 74 - Reliance Industries

Reliance Industries plans to be among top 20 global firms

Mukesh Ambani set five aims for the company and said he expected the young generation of RIL to make these a reality

The Moody's effect: RIL raises $800 mn at lowest rate ever for 10-yr bonds

Reliance Industries today said it has raised USD 800 million by selling 10-year bonds - the first offering since Moody's raised India's sovereign rating. The bonds were priced at 3.66 per cent, the lowest coupon ever achieved by an Indian corporate for a 10-year issuance, the company said in a statement. RIL, which is rated the same as the sovereign, will use the proceeds to refinance existing debt. This was the first dollar note this year. The note by RIL, India's largest company, was assigned 'BBB+' rating by S&P and 'Baa2' by Moody's Investors Service. "The notes have been priced at 130 basis points over the 10-year US Treasury Note, at a price of 100 to yield at 3.667 per cent," the statement said. They will bear fixed interest of 3.66 per cent per annum, with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated obligations of the company. This, RIL said, was the tightest ever spread over US Treasury for

Reliance Industries hits forex debt market again with $800-mn issue

RIL has been borrowing heavily for expansion and entry into telecom space with Jio into which it has invested over Rs 1.4 lakh cr

Eight of 10 top valued firms add Rs 86,932 cr in m-cap; Airtel top gainer

Only two companies, ITC and HUL, recorded losses in their market valuation in the week

RIL awards R-Series gas field contract in KG-D6 to McDermott

R-Series is one of three sets of discoveries in eastern offshore KG-D6 block that RIL and its partner BP plc of UK are working to bring to production by 2021-22 to reverse declining trend in output

RIL becomes 1st Indian firm with m-cap above Rs 6 lakh cr on closing basis

The stock settled the day at record high level of Rs 952

Reliance Industries jumps 66 places in global m-cap ranking

RIL has seen the third-highest rise in market value after China and US

Reliance Industries among top 10 performing global large cap stocks

RIL is the ninth best performing stock among all companies

Reliance Industries' m-cap gets nearer to Rs 6 lakh cr

On Monday, shares of the company rose by 3.05% to close at Rs 938.10 on the BSE

Street signs: Reliance Industries races to $100 billion

RIL likely to be first Indian company to touch $100 bn market capitalisation mark

RIL exits Myanmar blocks, gives up last conventional oil & gas asset abroad

The company still holds its interest in two shale gas assets in the United States

Reliance Industries sees Jio turning profitable 'shortly'

Jio launched late last year with free voice and cut-price data, sparking a price war in India's cut-throat telecoms sector which has driven down margins and forced consolidation

Reliance Industries sells US shale block for $126 million

Firm has invested $9 bn in the three shale assets; transaction to be completed in the third quarter of FY18

In a first, Reliance Industries buys 1 mn barrels of crude oil from the US

Reliance bought 1 million barrels each of West Texas Intermediate (WTI) Midland and Eagle Ford crude

Reliance Industries world's third largest energy firm: Platts rankings

The S&P Global Platts Top 250 Global Energy Company Rankings this year saw the entry of Indian Oil to the Top 10 along with Reliance Industries, which was part of the toppers' club even last year.Though, total fourteen Indian energy companies made it to the S&P list, it was one short of the tally held in 2016, said S&P Global Platts in its review today. Overall, as many as 10 energy companies significantly moved up in their rankings this year, it said.The top ranked Asian energy company in the global rankings has Indian Oil Corp, Oil & Natural Gas Corp and Bharat Petroleum Corp for company in the Asian Top 10. Refiners too continued to strengthen their standings in the 2017 roster, buoyed by improved margins.Revenues of the Top 10 global energy companies surged more than 30 percent to $1.1 trillion from $830.2 billion in the 2016 rankings. Collectively, the world's top 10 companies posted combined profits of $63.7 billion last year, 14 percent lower than the $74.3 ...

RIL plans to expand Jamnagar capacity by 40% to 100 mt

Expansion plans signal that Reliance remains bullish on the outlook for India's fuel demand

SC paves way for trial against RIL in 1987 excise evasion case

SC said no justification for the HC to quash the charge merely on the ground that a rule was omitted

Reliance Industries hits new high as stock turns ex-bonus today

So far in 2017, the stock rallied 54% against 19% gain in Sensex

Reliance Industries to turn ex-bonus on Thursday; stock extends gains

The stock was up 1% at Rs 1,650, extending its 6.6% surge in past five trading sessions on BSE

Reliance said to plan refinancing as obligations mature

RIL's borrowings have ballooned in five years as it invested in building its telecom business