RIL was replying to a clarification sought by NSE over the shutdown of the FCCU
RIL approached an international arbitration tribunal after the government slapped a penalty of $1.55 billion on the consortium that has BP and Niko Resources as other partners
RIL, in its investor meet, said it would cut its LNG consumption, which affects gross refining margins (GRM) in a higher pricing situation
RIL said the marginal rise in revenue for the oil and gas segment in the last financial year was because of increased CBM production
The investments committed by RIL and partners are expected to generate 25,000 new jobs in electronics, petroleum, retail, agri-processing, e-governance and other sectors
Currently, 27 brokerages have a 'buy', seven have 'hold' and six have a 'sell' call on the RIL stock
The firm would require it to more than triple its CAGR of revenue to 18.5% for the next decade from 6%
In a report, CLSA said stabilisation of just-commissioned refinery off-gas cracker (ROGC) and petcoke gasification projects would boost EBITDA
Mukesh Ambani led Reliance Industries (RIL) on Tuesday said it has commissioned and achieved the designed throughput for its Refinery Off-Gas Cracker (ROGC) project of 1.5 MMTPA capacity in Jamnagar."RIL has successfully commissioned and achieved design throughput of the world's first ever and largest Refinery Off-Gas Cracker (ROGC) complex of 1.5 MMTPA capacity along with downstream plants and utilities. The ROGC complex is a core component of RIL's most innovative and world-scale J3 project at its integrated Refinery-Petrochemicals complex at Jamnagar," the company said in its statement to BSE. The company added this would be the latest addition to RIL's existing cracker portfolio, consisting of cracker facilities at Nagothane in Maharashtra and Hazira, Dahej and Vadodara in Gujarat.With this, the company has completed all of its planned expansion for its petrochemical business. "Ethylene from ROGC is used in downstream plants to produce Mono-Ethylene Glycol (MEG) and Polyethylene .
The refinery would have a capacity of 1.5 mtpa along with downstream plants and utilities
The development came after Moody's upgraded India's sovereign rating last week from the lowest investment grade Baa3 to a notch higher at Baa2
Global per capita consumption of polyester is 6 kg per person, compared to 3 kg per person in India and 11 kg in China
Mukesh Ambani led Reliance Industries on Wednesday announced it has won the bid to acquire Gujarat based Kemrock Industries's assets in an on-line-e-bidding process for an undisclosed amount."Reliance Industries Ltd. participated in an on-line e-bidding process held recently by Allahabad Bank being leader of the consortium of 11 Banks to sell / dispose off assets of "Kemrock Industries & Exports Limited" of Vadodara (Gujarat) and has been declared as the winner in the said bid," the company said in its statement.Elaborating on its rationale to bid for this company, RIL said, it helps foray into new materials like composites and fibre. "This participation is a part of Reliance's efforts to enter the Composites business and establish a leadership position in this large and growing market in India. Composites are used in a variety of applications and industries such as renewable energy, mass transportation, infrastructure and a host of other industrial products," RIL said in its ...
The net proceeds of the issue will be utilised inter-alia for refinancing of existing borrowings
The m-cap of RIL surged Rs 9,186.15 crore to Rs 5,27,594.19 crore
The company announced plans to invest Rs 40,000 crore in its upstream business
JII, to be incorporated as a Limited Liability Partnership, will have RIL holding 20 per cent interest.
Shares of RIL have surged over 43 per cent so far this year
The company's market capitalisation grew Rs 36,000 crore during the week
Allows the company to take exposure to derivatives via MFs