| Reliance Industries Limited (RIL) Related news |
RIL surges 4%, adds Rs 22,000 crore in m-cap after Jio beats Airtel, Idea in monthly subscriber addition
Posted on 24th April 2018 |
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Shares of Mukesh Ambani-controlled Reliance Industries Ltd surged nearly 4% on Tuesday emerging as the top gainers on BSE Sensex after Reliance Jio Infocomm Ltd outperformed India’s largest telecom company Bharti Airtel Ltd and Idea Cellular Ltd in monthly subscriber addition in the month of February. According to the data released by the telecom regulator TRAI (Telecom Regulatory Authority of India) on Tuesday, Reliance Jio Infocomm added about 87.4 lakh new subscribers in February. |
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BP and RIL sanction second phase of integrated KG-D6 development
Posted on 20th April 2018 |
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Mukesh Ambani's Reliance Industries (RIL) and global energy major BP said the two companies had sanctioned the second phase of integrated development for their D6 oil and gas block in the Krishna-Godavari (KG) basin. "The companies are moving forward to develop the block's discovered deepwater gas fields in an integrated series of projects, bringing new gas production for India," it was stated. This 'satellite cluster' is the second of three projects in the KG-D6 block's integrated development. |
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Fuel retail: RIL, Essar ramp up presence
Posted on 19th April 2018 |
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Thanks to decontrol of auto fuel prices and the reduced threat of a return of rigorous regulations, Reliance Industries and Essar Oil (Rosneft) have fast-tracked the process of strengthening their fuel retail network. These private-sector companies, which currently have a little over 5,550 retail fuel outlets —less than 10% of the total — will together add another 2,500 over the next couple of years. |
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Alok Industries: RIL-JM Financial sole bidder, banks to take huge haircut
Posted on 13th April 2018 |
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A Reliance Industries-JM Financial Asset Reconstruction Company combine is the sole bidder for the bankrupt Alok Industries. Sources familiar with the transaction indicated the resolution plan submitted by the team would require lenders to take a fairly big haircut of between 80% and 85%. Against outstandings of close to Rs 30,000 crore, the RIL-JM Financial combine is understood to have agreed to put in Rs 4,000-4,500 crore. However, it could not be confirmed whether the committee of creditors (comprising lenders to the beleaguered company) had taken a decision on the proposal. |
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RIL, JM Financial bid jointly to buy textile manufacturer Alok Industries
Posted on 12th April 2018 |
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Reliance Industries Ltd (RIL) said today that it has bid jointly with JM Financial Asset Reconstruction Company to acquire the debt ridden textile manufacturer Alok Industries. In a clarification to stock exchanges, RIL said it is awaiting the outcome of the process. |
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KG-D6 Block: Reliance Industries to surrender two deep-sea finds
Posted on 9th April 2018 |
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Reliance Industries (RIL) has been asked by the Directorate General of Hydrocarbons (DGH) to relinquish two deep-sea satellite gas discoveries—D6 and D19—in the KG-D6 block, off India’s east coast after the company told the regulator that it had no immediate plan to develop these fields. |
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CAG raps MMRDA for non-recovery of Rs 7.7 bn dues from Reliance Industries
Posted on 29th March 2018 |
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The Comptroller and Auditor General of India (CAG) has pulled up the MMRDA for non-recovery of Rs 7.7 billiion dues from Mukesh Ambani-owned Reliance Industries Limited (RIL), India's largest private sector company. The CAG report, tabled in Maharashtra Legislature today, said Mumbai Metropolitan Region Development Authority is yet to recover Rs 8.55 billion froms RIL and Starlight Systems Private Limited, as lease premium dues on additional built up area allowed to the lessees in Mumbai's Bandra-Kurla Complex. |
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RIL in deal to pare assets in second US shale gas project
Posted on 28th March 2018 |
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NEW DELHI: Reliance Industries (RIL) is selling some of the Eagle Ford shale gas project's ‘assets’ in the US for $100 million to Sundance Energy, marking the company's exit from the second shale gas venture as it sharpens focus on telecom. The acreages and producing wells assets being hived off are located in Atascosa, La Salle, Live Oak and McMullen Counties of Texas and were not slated to be developed in the near term, the company said in a statement on Tuesday. RIL will retain its interest in the remaining core assets of the Eagle Ford project. |
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RIL sells few assets in Eagle Ford Shale in US for $100 million
Posted on 27th March 2018 |
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Mukesh Ambani, Reliance Industries on Tuesday, announced an agreement to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position for a consideration of $100 Million. |
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Reliance Industries, India’s largest company, ranks far behind at number 24 on this list
Posted on 22nd March 2018 |
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LinkedIn, the popular social networking site for business people and professionals, released a report ranking 25 companies in India that are most preferred by professionals as their workplace. The list that is led by India’s Directi. Mukesh Ambani owned Reliance Industries, country’s largest and most valued firm, stands at 24th on this list. The other Indian companies are Flipkart, One97 Communications, Ola, OYO, and MakeMyTrip. |
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