Reliance Industries Limited

RIL Alleged of Lavishly Spending Over D6 KG Basin

RIL Alleged of Lavishly Spending Over D6 KG BasinIt has been reported by CPM that MPs have written a letter to Prime Minister Manmohan Singh to conduct an enquiry into the complaint of the higher capital expenditure made by RIL for D6 KG Basin and its hasty approval by the authority concerned.

Annoyed over the hasty decision by the government for allowing RIL to endure high expenditures, CPM said that the government's involvement with RIL will have a direct impact on the layman as it is understood that in order to cover it expenses RIL will be increasing its rates of oil and gases.

Reliance Industries Dilutes Its Stake in Freight Services

Reliance Industries Dilutes Its Stake in Freight ServicesAccording to reports, Reliance Industries will ‘dilute’ its stake in the freight services firm, Deccan 360, which is now dealing with increase in operating costs, low business volumes and intends to cut its staff to reduce cost by 40%.

Deccan 360, which is owned by GR Gopinath, founder of India's first budget airline, Air Deccan, has halted its air cargo service and brought down its surface transport operation, as an attempt to ‘put the brakes on plummeting fortunes’.

Strategy Partnership by Reliance Industries

Strategy Partnership by Reliance IndustriesA terrific example of rags to riches is of the owners of the Reliance Industries. The two men have been able to establish such a huge connection of business interests for themselves that it is hard to guess what their limit might be.

They have come out in public to reveal about one of their greatest business strategies, Partnerships. This is one way in which any business could flourish. The key is to get involved in a number of endeavors, rather than a core group, keep buying small shares from a number of firms.

Reliance Industries to be debt free by year-end: Mukesh Ambani

Reliance Industries to be debt free by year-end: Mukesh AmbaniNew Delhi, June 3 : India's largest private sector firm Reliance Industries (RIL) Friday said that it will be debt free by the end of this year adding that the company will soon enter the cash and carry wholesale trade business.

"With a cash balance of Rs. 42,393 crore ($ 9.5 billion), our company is in a very strong position financially. Reliance will be completely debt free, net of cash balances within this year," said Mukesh Ambani at the company's 37th annual general meeting.

RIL gas production is likely to rise, says DGH

RIL gas production is likely to rise, says DGHShares of Reliance Industries Ltd. (RIL) jumped after the comments of the Directorate General of Hydrocarbons (DGH).

It has said that in the starting of April, the Company will enhance natural gas output at the KG-D6 block in the Krishna-Godavari basin, which is located off India's east coast.

Reliance Industries registers record improvement in the current quarter

Reliance-IndustriesReliance Industries reported a growth of 28% in quarterly net profit. Reliance Industries operates the world's biggest refining complex at Jamnagar.

In the current quarter, company has earned more dollars for each barrel of oil it refined because of the economic recovery in Western countries there is expansion in the demand of fuel and gross refining margins (GRM).

Due to shutdown of one terminal in the current quarter, the refinery has processed more crude oil in the October-December period.

Rise in profits for Reliance Industries and ONGC

Reliance-IndustriesIndian energy firms Reliance Industries and Oil and Natural Gas Corp have registered remarkable hike in their quarterly profits. This profit is earned in the support of rising oil prices.

During October-December there was a 14 per cent rise in crude oil prices, it should enlarge limits for Reliance. It is expected that it would probably help India's largest listed company to post a record quarterly profit and nationalized ONGC its biggest quarterly percentage profit jump in near six years.

RIL profit mounts up near 27.8 pc

RIL profit mounts up near 27.8 pcMeeting markets estimation, Reliance Industries (RIL) stated a 27.8 % increase in net profit throughout the quarter finished on September 2010 on elevating revenues by refining and oil and gas production.

Net profit for the July-September quarter was Rs 4,923 crore, increased by Rs 3,852 crore since last year.

Turnover of mainly valued Indian company rose 22.8 % Rs 59,962 crore, increased from Rs 48,843 crore last year.

RIL wing finalizes pricing of USD 1.5 bn

Reliance-IndustriesReliance Industries expressed that it has hoisted up USD 1.5 billion from its initial standard transaction of bonds which is denominated in US dollars. As per the company statement in a press release billionaire Mukesh Ambani-organized group sold USD 500 million of 30-year bonds and USD 1 billion of 10-year notes.

A completely possessed subsidiary of RIL, Reliance Holding USA Inc, valued the 10-year notes at 205 base points, or 2.05 percentage points, in excess of comparable development the 30-year bond and the US Treasury note at 240 basis points.  

RIL's share drop as crude oil production slips

RIL's share drop as crude oil production slipsThe share price of Mukesh Ambani's, Reliance Industry feel down after the company reported lower than expected crude output.

As per the company, the crude production was down by 31 per cent. Following this, it was served a notice by The Directorate General of Hydrocarbons (DGH) asking for the reasons for this lower than expected level of production.

The crude is being explored and taken out from the KG D6 field.

RIL shares register fall, yet again

RIL shares register fall, yet againPerhaps the stock of RIL is finding it tough its southwards rally as the share price of the company filed a third consecutive fall at the bourses in the early trading session today.

For the record, the share price of the company fell by close to 1% in the opening session on the BSE.

In fact, market watchers are of a view that a fall in the RIL’s share price is a major reason for the fall in the BSE which came down by 86 points.

RIL shares up backed by Shale deal

RILMukesh Ambani's Reliance Industries (RIL) saw its shares rise by 3 per cent on the BSE. The surge happened on Monday a day after the company announced the completion of its deal with Shale.

As per the agreement, RIL has taken over 60 per cent of stake in Marcellus Shale gas asset which is in the US for $392 million.

It was obvious that the shares were to go up and that is what happened. Ever since the markets opened, RIL's shares have been either moving up or staying constant.

Against its earlier trading, RIL touched an intraday high of 983.70 rupees on the BSE.

RIL buys 60 % in Marcellus Shale

RIL buys 60 % in Marcellus ShaleOn Thursday evening Reliance Industries Limited (RIL) declared that it will acquire a 60 percent interest in the Marcellus Shale acreage in Central and Northeast Pennsylvania with total consideration money of $392 million. It is a Marcellus Shale joint venture by the Reliance Marcellus II, LLC, a subsidiary of RIL, and U. S. based Carrizo Oil and Gas.

RIL revenue soars by 85 per cent

Mukesh-Ambani-RILThe Reliance Industries limited, led by Mukesh Ambani reported a 32.32 per cent leap in the total amount of gains by the company at Rs 4,851 crore in the first quarter ended June of the current fiscal, this Tuesday.

The total amount of profit made by the company stood at Rs 3,666 crore last fiscal in the corresponding quarter, as reported by Reliance Industries in a filing to the Bombay Stock Exchange (BSE).

RIL is expected to buy out Bombay Dyeing brand

RIL is expected to buy out Bombay Dyeing brandThere are rumors that Mukesh Ambani is going to completely buyout the Bombay Dyeing brand from the Wadia family. It would end the bittersweet rivalry between the two big business families in India- Wadia and Ambani.

But for the deal to be in its favor, Reliance Industries (RI) needs to fight it out with the Indo Rama and JBF Industries.

The polyester plant of Bombay Dyeing, which is center for the contest, is a loss making unit and had been the reason for the fight between the two families since 1980's.

RIL may be eyeing the nuclear energy biz

RIL may be eyeing the nuclear energy bizAfter creating a lot of ripple with their plans of entering the telecom and power business, the latest one to do the rounds is the nuclear energy business.

Mukesh Ambani-led Reliance Industries Ltd. (RIL) sees huge potential in the sector and wants to make the most out of it before more players come into the market.

Reliance Industries strikes oil at Cambay

RILReliance Industries Ltd. has found out another oil source in the Cambay basin, Gujarat. This has been the fourth oil discovery in the region.

According to the company officials, this has been a significant discovery. The company is also expecting to open more number of oil pools within this block. These blocks will have better hydrocarbon potential within them.

The company has also informed that the flow at this onland block has been awarded under the Nelp-V round of bidding. It is producing 300 barrels of oil per day.

Buy RIL To Achieve Short Term Target Of Rs 1120

Buy RIL To Achieve Short Term Target Of Rs 1120Technical analyst Ashwani Gujral is of the view that investors can buy Reliance Industries Ltd (RIL) stock to achieve a short-term target of Rs 1120.

According to Mr. Gujral, the investors will hold the stock with a strict stop loss of Rs 1060.

Today, the shares of the company opened at Rs 1088 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1245 and a low of Rs 859.50 on BSE.

Current EPS & P/E ratio stood at 46.90 and 23.20 respectively.

RIL ranked as the World’s 126th most powerful company

Mukesh-Ambani-Reliance-IndustriesMukesh Ambani-led Reliance Industries (RIL) remained the top Indian company in the recently released Forbes Global 2000 list. RIL was placed at 126 in the list of the world's 2000 biggest and most powerful companies published by Forbes.

While as many as 56 Indian companies managed to find a place in the list, not a single company found a place within the top 100.

Reliance Industries buys stake in Deccan 360

Reliance-Deccan360-LogoThe largest Indian company Reliance Industries has bought a stake in Indian freight services firm Deccan 360. The deal is expected to help boost the retail operations in India.

According to sources, the Reliance Industries has paid around $20 million to $30 million for the stake. This deal has come for Reliance after a long time gap. Reliance Industries is looking forward to grow new businesses in Indian market.

Syndicate content