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Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Reliance Industries allots 3.08 bln bonus shares in ratio of 1:1
Wednesday, 13 Sep 2017 04:12am EDT 

Sept 13 (Reuters) - Reliance Industries Ltd :Reliance Industries -allots 3.08 billion shares as bonus shares, in ratio of 1:1.  Full Article

Reliance Industries seeks members' nod for issue of bonus shares
Tuesday, 1 Aug 2017 01:39am EDT 

Aug 1 (Reuters) - Reliance Industries Ltd :Seeks members' nod for issue of bonus shares.Seeks members' nod for increase in authorised share capital.  Full Article

Fitch says Jio's cheap handset to expand India's 4G market
Monday, 24 Jul 2017 05:38am EDT 

July 24 (Reuters) - Fitch on India's Jio::Jio's cheap handset to expand India's 4g market.maintain a negative outlook on the Indian telecoms sector.Jio is likely to boost its revenue market share from 3%-4% to more than 10% in 2018.Fitch on India's Jio says cheap handset would add 3%-4% to annual industry revenue if adopted by at least 100 million subscribers, which appears likely.  Full Article

Reliance Industries announces 1:1 bonus share issue
Friday, 21 Jul 2017 03:28am EDT 

July 21 (Reuters) - Reliance Industries Ltd chairman says::Announces a bonus share issue of 1:1.Refinery off gas cracker at Jamnagar, Gujarat will be commissioned in next few weeks.Shale gas venture in the U.S. to be rationalised.First gas from new investments from KG D6 will come from mid 2020.Over next 12 months, network of retail stores will go to tier 2 and tier 3 cities.10 years from now, reliance plans to become one among top fifty companies in the world.Company plans to earn one trillion rupees of operating profit over next few years.Have set targets of profitability from new businesses.  Full Article

Bharti Airtel terms Reliance Jio allegations false
Thursday, 20 Jul 2017 08:52am EDT 

July 20 (Reuters) - Bharti Airtel Ltd :Bharti Airtel -"by proposing transition to 'bill and keep' regime with zero MTC, Reliance Jio wants to simply transfer its cost to Airtel and other operators".Bharti Airtel says as per current estimates, cost for "bill and keep" with zero MTC would be to tune of INR 150 billion to INR 200 billion per year for industry.Bharti Airtel - cost transfer will allow Reliance Jio to price its services in a predatory manner to kill rest of industry and create a monopoly.Bharti Airtel - "allegations made by Reliance Jio regarding Airtel earning excess revenue from MTC are not only false but laughable".  Full Article

India's Reliance Industries June-qtr profit up about 9 pct
Thursday, 20 Jul 2017 08:47am EDT 

July 20 (Reuters) - Reliance Industries Ltd :June quarter consol PAT 91 billion rupees - TV.June quarter profit 81.96 billion rupees versus 75.48 billion rupees last year.Consensus forecast for June quarter profit was 79.93 billion rupees.June quarter revenue from operations 704.34 billion rupees versus 594.93 billion rupees last year.June quarter consol revenue from operations 905.37 billion rupees versus 714.51 billion rupees last year.Reliance Industries ltd - June quarter gross refining margin at $11.9 per bbl - TV.June quarter consol exceptional item 10.87 billion rupees.The alerts on PAT and GRM were first sourced from TV and later confirmed from a company release at the National Stock Exchange.  Full Article

Reliance Industries says shale gas business maintains cautious approach to resuming development
Thursday, 20 Jul 2017 08:15am EDT 

July 20 (Reuters) - Reliance Industries Ltd :Says currently 8 wells in D1D3 and 3 wells in MA is under production at KG-D6 field.RIL’s polymer production was down by 15% y-o-y to 0.98 MMT on account of planned shutdowns at Hazira and Nagothane.Co, BP expect to submit field development plan for MJ and Satellite Cluster Field for Management Committee approval by end of 2017.Shale gas business continues to maintain a cautious approach to resuming development.Q1 revenue from petrochemicals segment increased due to increase in prices of PP, PVC, PTA and polyester.Says outstanding debt as on 30th June 2017 was 2.01 trln rupees compared to 1.97 trln rupees as on 31st March 2017.Cash and cash equivalents as on 30th June 2017 were at 721.07 bln rupees compared to 772.26 bln rupees as on 31st March 2017.  Full Article

Reliance Industries says govt’s demand notice on Panna Mukta & Tapti oil fields is "premature"
Tuesday, 18 Jul 2017 09:24am EDT 

July 18 (Reuters) - Reliance Industries Ltd :Notified by India government of its computation of purported share of GoI's profit petroleum and royalty alleged to be payable by contractor.Says ‍"government's demand notice is premature"​.Says ‍arbitration tribunal is yet to schedule timeline for quantification phase​.Says RIL has already responded to government's demand notice appropriately.Says before process of quantification can commence certain outstanding issues will have to be resolved​.Says RIL has already challenged partial award before English courts and matters are, as such, sub judice.Says co been notified by India govt as part of contractor for Panna Mukta and Tapti Production sharing contracts.  Full Article

Loyal Equipments wins orders from Indian Oil Corp, Reliance Industries
Thursday, 22 Jun 2017 04:52am EDT 

June 22 (Reuters) - Loyal Equipments Ltd :Wins orders of INR 5.5 million from Indian Oil Corporation, Digboi refinery and INR 14.6 million from Reliance Industries Limited, Jamnagar plant.  Full Article

COAI releases May subscriber data
Friday, 16 Jun 2017 08:07am EDT 

June 16 (Reuters) - COAI::Reliance Jio total subscriber figures 112.2 million as of May - Industry body.Vodafone India unit adds 1.1 million subscribers in May - Industry body.Adds 190,043 subscribers in May - Industry body.Adds 2.1 million subscribers in May - Industry body.Aircel adds 173,091 mobile subscribers in May - industry body.  Full Article

India's Reliance foots chunk of bill for cut-price phone, bets on data

MUMBAI, Sept 26 Reliance Industries' telecom upstart Jio is footing at least 40 percent of the cost of its basic 4G phone, two sources familiar with the matter said, as it bets on recovering the investment by luring in millions of new customers.