Reliance

Reliance Power ties up Rs 14,500 crore for Sasan Ultra Mega Power Project

Reliance Power ties up Rs 14,500 crore for Sasan Ultra Mega Power Project With the help of finances arranged from more than a dozen domestic banks and financial institutions, the Anil Ambani-led Reliance Power Tuesday announced a tie-up of Rs 14,500 crore funds for its Madhya Pradesh-based, Rs 19,400 crore, 3,960 MW Sasan Ultra Mega Power Project.

As per the company officials, the tie-up comprises the biggest-ever debt that has been raised from domestic banks and institutions, for any project among any industry in the country.

RIL withdraws Jamnagar refinery’s EoU status; to sell fuel in domestic markets

Reliance Industries LtdFollowing the recent withdrawal of the export-oriented unit (EoU) status of Jamnagar refinery, a move facilitating the sale of its products in the domestic market, Reliance Industries Ltd (RIL) is expected to get on with it selling fuel in the country, next week onwards.

RIL's decision to go in for a change in status of the refinery is reported to have come in the wake of a nosedive in the prices of international crude and petroleum product. The drop in prices has reduced the company's its export realization, thereby indicating lower margins.

Reliance Communications intends buying back FCCBs listed at Singapore Exchange

Reliance CommunicationsWith the help of funds from its internal accretions and the foreign exchange proceeds, Reliance Communications intends buying back foreign currency convertible bonds (FCCBs) at a mark down, depending upon the central bank approval.

A tender offer, for repurchasing the bonds for cash at a discount, has been issued by the company to all its bond holders.

RCom Buys Back US$5 Million FCCBs

RCom Buys Back US$5 Million FCCBsIn a significant move, country's second largest mobile-phone operator, Reliance Communications (RCom) has decided to repurchased US $ 5 Million (about Rs 25.26 crore) foreign currency convertible bonds (FCCBs) at discount from the international markets.

In a disclosure to the Bombay Stock Exchange, the Mumbai based company, owned by Anil Ambani said that it has bought back 50 zero coupon FCCBs aggregating Rs 25.26 crore.

The filing further added that the repurchased bonds are expected to extinguish on April 15, 2009.

RCom launches high-speed wireless broadband facility in Kolkata

Reliance CommunicationsAnil Dhirubhai Ambani Group company Reliance Communications on Monday launched its high-speed wireless broadband services in Kolkata.

The company claims that newly launched service is Country's fastest internet service with a peak downlink speed of upto 3.1 Mbps and an uplink speed of up to 1.8 Mbps. The company will deliver the services on its CDMA platform.

The company has launched multiple subscription plans for its wireless broadband service ranging from a monthly rental of Rs 299 to Rs 1,750. In addition, the company will take Rs 3,500 as one time cost for USB modem separately.

Reliance Petroleum Intraday Buy Call

Reliance Petroleum Intraday Buy CallKarvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Petroleum Ltd (RPL) stock with an intraday target of Rs 112.

According to Karvy, interested traders can purchase the stock between Rs 102-103 with a strict stop loss of Rs 98.50. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 114.
 
Shares of the company, on Thursday (April 02), closed at Rs 103.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 206.45 and a low of Rs 68.10 on BSE.

Reliance Mobile’s new ‘Jaadu 45’ tariff voucher!

Reliance Mobile’s new ‘Jaadu 45’ tariff voucher!The customers of the Reliance Mobile GSM Service have a new pack coming their way - the company Thursday launched a 'Jaadu STV 45' tariff voucher, which boasts of a multitude of benefits!

A part of Reliance Mobile's ongoing Customer Experience Programme, the new Rs. 45 recharge pack comes with 90-day validity, and offers talk-time worth Rs. 20. The call charges of the new Jaadu 45 pack, for current and new Reliance GSM subscribers, would be 60 paise per minute for local calls to any network, and Re 1 per minute for STD calls.

RCom rolls out new “Jaadu 45 recharge voucher”

RCom's new Jaadu PackThe telecommunications company of the Reliance-Anil Dhirubhai Ambani Group – Reliance Communications has rolled out a new recharge voucher – “Jaadu STV 45” – for the prepaid subscribers of its Reliance Mobile GSM Service, in Uttar Pradesh, Uttarakhand, and Karnataka Circle.

RIL-fertilizer firms’ contracts related to KG-D6 fields help fertilizer stocks soar

RIL-fertilizer firms’ contracts related to KG-D6 fields help fertilizer stocks soar The Bombay Stock Exchange saw a 10 percent rise in the stocks of fertilizer companies today, following the March 27 gas sales and transportation contracts between Reliance Industries (RIL) and 12 fertilizer firms, who would receive the first produce from RIL's eastern offshore KG-D6 (Krishna Godavari-Dhirubhai 6) fields.

RCom Long Term Buy Call

RCom Long Term Buy Call Techncal analyst Anand Rathi maintained ‘buy’ rating on Reliance Communications (RCom) stock with a long term target of Rs 260.

According to Mr. Rathi, interested investors can buy the stock with a strict stop loss of Rs 150.

Today, the company’s shares opened at Rs 170, as against its last closure at Rs 168.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.36 and 20.47 respectively. The share price has seen a 52-week high of Rs 608.85 and a low of Rs 131.35 on BSE.

RCom Launches GSM Services In UP & Uttarakhand

  RCom Launches GSM Services In UP & UttarakhandTo strengthen its GSM reach, Reliance Communications (RCom) has rolled out its post paid GSM services in Uttar Pradesh and Uttarakhand.

While making the announcement, Mr. Salim Haq, RCom Regional Head UP and Uttarakhand, stated that the post paid customers in both the states would be offered three plans.

Under the first plan that costs Rs 129 monthly, subscribers can make all local and STD calls at the rate of Rs 1 per minute.

Buy Reliance Industries

Buy Reliance IndustriesKarvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1550.

According to Karvy, interested traders can purchase the stock between Rs 1520-1525 with a strict stop loss of Rs 1510. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1555.
 
Shares of the company, on Wednesday (March 25), closed at Rs 1533.40 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 99.41 and 15.52 respectively. The share price has seen a 52-week high of Rs 2706.60 and a low of Rs 930 on BSE.

RIL Intraday Buy Call

RIL Intraday Buy CallKarvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1465.

According to Karvy, interested traders can purchase the stock between Rs 1425-1430 with a strict stop loss of Rs 1415. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1470.
 

IOC seeks 50:50 partnership in RIL's petrol pumps

Indian Oil CorporationState-run Indian Oil Corporation (IOC) has proposed a 50:50 partnership to operate 1432 closed petrol pumps of Reliance Industries (RIL), having 15 per cent fuel market share by the closing date of March 2008.

Other firms including Royal Dutch Shell, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have also shown interest in partnership with Reliance.

The private firm suffered huge losses in early 2008 due to difference in retail price of petrol and diesel sold by public sector oil companies and other private firms leading to closure of RIL's petrol pumps.

RCom Adds 3.3 Mln Customers On GSM and CDMA Networks In Feb 2009

RCom Adds 3.3 Mln Customers On GSM and CDMA Networks In Feb 2009Reliance Communications (RCom), the part of the Anil Dhirubhai Ambani Group, is riding high these days.

The company announced that its total subscriber base has gone up to 69.38 million as it added 3.38 million new customers on both GSM and CDMA networks during the last month (Feb 2009).  

RCom had claimed over 5 million additions for the month of January (2009).

RCOM launches India’s fastest wireless internet service @ Rs 299

Reliance CommunicationsReliance Communications Limited, a part of the Anil Dhirubhai Ambani Group, has finally rolled out its CDMA wireless broadband service in the country under the name 'Reliance Netconnect Broardband Plus'.

With downlink speeds of up to 3.1 Mbps and uplink speeds of up to 1.8 Mbps, Reliance Communications' Netconnect Broadband Plus is offering 30% higher downlink rate in comparison to any other wireless broadband offering.

Reliance Power Transmission finally signs deal with eight firms

Reliance Power Transmission finally signs deal with eight firms Reliance Power Transmission Ltd (RPTL), an associate company of Reliance Infrastructure Limited, has signed power transmission agreements with eight entities from the western region.

The agreements are for two inter-State power transmission projects, under the Western Region System Strengthening Scheme (WRSSS) - II.
The signing of the agreements will lead to financial closure for these projects, costing Rs 1,800 crore.

Reliance Industries agrees on merger with RPL, swap ratio at 1:16

Reliance Industries agrees on merger with RPL, swap ratio at 1:16Mumbai, Mar 2 : The board of directors of Reliance Industries headed by Mukesh Ambani on Monday agreed to merge with its refinery subsidiary, the Reliance Petroleum Ltd. (RPL).

Both the companies, in their respective filings, agreed on one equity share for the RPL shareholders and 16 for the RIL shareholders.

This development has resulted in formation of one of the largest refineries in the world.

Reliance Globalcom wins multi-year contract from UK-based firm

Reliance Globalcom wins multi-year contract from UK-based firmReliance Globalcom, the international arm of telecom service provider Reliance Communications, has secured a multi-year contract from British optical retailer Specsavers for its enterprise solution.

Under the arrangement, Reliance Globalcom will supply its enterprise solution for connecting 1,150 worldwide retail outlets of the retailer. The deal covers 10 countries across Europe, Australia and New Zealand.

However, the financial details of the deal have not been disclosed by the company.

RIL to start gas supply from KG-D6 in April

RIL to start gas supply from KG-D6 in AprilReliance Industries is likely to start supply of natural gas from KG-D6 basin from April this year, helping the country to reduce its gas import bill and satisfying its energy needs. The gas obtained from RIL would be used for household needs and transport sector, supplying gas through pipelines first time in the country.

Union Petroleum Minister, Murli Deora said, "It has been decided to supply the first 40 million standard cubic meters per day of gas to meet the shortfall of exiting gas-based urea plants, LPG plants and power plants."

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