Govt may move HC against arbitration ruling that went in favour of RIL
Posted on 2nd August 2018 |
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The ministry of petroleum and natural gas has sought legal opinion on an arbitration ruling that went in favour of Mukesh Ambani’s Reliance Industries (RIL) in the gas migration dispute. The government is likely to appeal against the 198-page final award in the Delhi High Court within the next 90 days. |
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RIL wins arbitration case against govt's claim of illegal gas production
Posted on 1st August 2018 |
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In a major blow to the government in the gas migration dispute between Reliance Industries (RIL) and state-owned ONGC, an international arbitration tribunal on Tuesday ruled in favour of a consortium led by the Mukesh Ambani-led conglomerate. The tribunal rejected the government’s claim of illegal gas production by the consortium from the neighbouring block of ONGC in the Krishna-Godavari (KG) basin. |
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RIL Q1 net profit rises 18% to Rs 94.59 billion on robust petchem show
Posted on 28th July 2018 |
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Mukesh Ambani-led Reliance Industries (RIL) posted a 17.9 per cent year-on-year growth in its June 2018 quarter (Q1) net profit (excluding exceptional items) on the back of robust performance of its petrochemicals (petchem) operations as well as strong show in the retail and telecom businesses. For the April-June 2018 quarter, RIL posted a net profit of Rs 94.59 billion compared to Rs 91.08 billion reported in the year-ago quarter, which is a rise of 3.9 per cent. |
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RIL Q1 results today: Key things to watch out for
Posted on 27th July 2018 |
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Mumbai: Reliance Industries Ltd (RIL) is likely to report an increase in its quarterly profit led by stronger petrochemical margins, offsetting weaker refining margins. RIL, which operates the world’s largest refining and petrochemicals complex at Jamnagar in Gujarat, will report its earnings on Friday. According to a Bloomberg poll of nine brokers, RIL is expected to post consolidated net sales of Rs 1.269 trillion crore for the first quarter ended 30 June. |
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RIL plans to borrow Rs 40,000 crore in consumer push
Posted on 13th July 2018 |
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Mumbai: Reliance Industries Ltd, India’s second-largest company by market value, plans to raise about Rs 40,000 crore in fresh debt this financial year as it expands its consumer businesses, according to people familiar with the matter. The billionaire Mukesh Ambani-led company will raise funds through loans and bonds, mostly in the Indian currency, the people said asking not to be named as they are not authorized to speak to the media. |
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Analyst corner: Expect 31% upside on RIL to TP of Rs 1,340
Posted on 17th July 2018 |
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We expect 1QFY19 EBITDA for Reliance Industries (RIL) to grow 45% yoy with petchem growth more than offsetting slight decline in refining margins. We believe investors will continue to get surprised by the stability of new and improved chemical business earnings even amid rising oil prices and lower polyethylene spreads, while volumes will also grow qoq due to ramp-up of the new projects. |
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Reliance Industries shares surge to fresh all-time high; should you buy or sell stock?
Posted on 13th July 2018 |
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Reliance Industries shares: Billionaire Mukesh Ambani-led Reliance Industries’ share price is trading near all-time levels, up by more than 1.8%. Notably, the recent rally in the shares of Reliance Industries led to the firm achieving another milestone yesterday, topping the $100 billion mark in market capitalisation. |
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Mukesh Ambani-led RIL m-cap hits $100 billion, once again; shares surge 5% to all-time high
Posted on 12th July 2018 |
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RIL hits $100 billion again: Billionaire Mukesh Ambani-led Reliance Industries hit $100 billion mark in market capitalization, even as the shares surged to all-time high levels on Thursday. Reliance Industries shares zoomed to an intra-day high of Rs 1,091.5, up by nearly 5%, intra-day taking its market capitalization to 6.87 lakh crore, or $100 billion, converted at the current USD/INR rate of 67.82. |
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RIL plan to supply jet fuel to Mumbai airport using OMC pipelines faces hurdles
Posted on 9th July 2018 |
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Mumbai: State-owned fuel marketers are pushing back against a regulatory suggestion to allow Reliance Industries Ltd (RIL) to use their pipelines to sell jet fuel at the Mumbai airport. Currently, the three public sector oil marketing companies — Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp. |
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Mukesh Ambani gets another 5 years as Reliance Industries Chairman, Managing Director
Posted on 7th July 2018 |
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Shareholders of Reliance Industries have approved giving Mukesh Ambani another five years as the Chairman and Managing Director of the company. Ambani, 61, has been on the board of Reliance Industries Ltd (RIL) since 1977 and was elevated as Chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002. |
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