Key Developments: Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

19 Dec 2014
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Rs19.90 (+2.26%)
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Latest Key Developments (Source: Significant Developments)

Reliance Industries Ltd's Reliance Jio lnfocomm signs tower sharing deal with Ascend Telecom
Tuesday, 3 Jun 2014 09:39am EDT 

Reliance Industries Ltd:Says that its subsidiary Reliance Jio lnfocomm Ltd has signed a telecom tower sharing agreement with Ascend Telecom Infrastructure Pvt Ltd.Under the agreement, RJIL will utilize the pan-India tower infrastructure of Ascend to launch its 4G services, ensuring a faster and more efficient rollout to its customers.  Full Article

Reliance Industries Ltd's Independent Media Trust announces acquisition of Network18 Media & Investments Limited including TV18 Broadcast Limited
Thursday, 29 May 2014 09:08am EDT 

Reliance Industries Ltd:Approves funding of upto 4,000 crore indian rupees (40 billion indian rupees) to Independent Media Trust (IMT), of which RIL is the sole beneficiary, for acquisition of control in Network18 Media & Investments Limited (NW18) including its subsidiary TV18 Broadcast Limited (TV18).IMT would use the funds to acquire control over NW18 and TV18 resulting in ownership of about 78pct in NW18 and 9pct in TV 18 and to acquire shares tendered in the open offers.  Full Article

Reliance Industries Ltd signs loan co-financed byJapan Bank for International Cooperation and Japanese banks backed by Nippon Export and Investment Insurance for up to $ 550 million
Tuesday, 22 Apr 2014 11:08pm EDT 

Reliance Industries Ltd:Says fund raising programme initiated in FY 2012-13, Reliance Industries Ltd (RIL) has tied up Export Credit Agency (ECA) facility of up to $550 mln.Says co-financed by Japan Bank for International Cooperation (JBIC) and a group of other Japanese banks backed by Nippon Export and Investment Insurance (NEXI).Says to part finance the proposed expansion of its petrochemical plants and setting up new gasification plant and refinery off-gas cracker over the next two to three years.JBIC will provide direct financing of up to $330 mln and Japanese banks, supported by a 95 pct NEXI insurance cover, will finance up to $220 mln.Participating banks include The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd. and three regional Japanese banks namely The Gunma Bank Ltd., The Hachijuni Bank, Ltd. and The Chiba Bank, Ltd.Facility will have a door-to-door tenor of twelve years and will be used to finance contracts for imports of goods & services signed with more than 20 Japanese suppliers, including some SMEs and MMEs.  Full Article

Reliance Industries Ltd recommends dividend
Friday, 18 Apr 2014 08:27am EDT 

Reliance Industries Ltd:Recommended dividend 9.50 Indian rupee per fully paid-up equity share of 10 Indian rupee each.  Full Article

Export Development Canada (EDC) provides USD 500 mln finance to Reliance Industries Ltd
Wednesday, 2 Apr 2014 02:45am EDT 

Reliance Industries Ltd:Says Export Development Canada (EDC), Canada's financier and insurer of Canadian exporting companies, provides USD 500 mln in financing for Reliance Industries Limited (RIL).  Full Article

Ministry of Energy, Myanmar selects Reliance Industries Ltd for exploration of two offshore blocks
Wednesday, 26 Mar 2014 10:16am EDT 

Reliance Industries Ltd:Selected for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round - 2013 by the Ministry of Energy of the Republic of the Union of Myanmar.  Full Article

Reliance Industries Ltd's subsidiary and Bharti Infratel Ltd join hands in tower infrastructure sharing
Tuesday, 4 Mar 2014 05:42am EST 

Reliance Industries Ltd:Says a subsidiary Reliance Jio Infocomm Ltd and Bharti Infratel Ltd sign an agreement where Reliance Jio would utilize the telecom tower infrastructure of Bharti Infratel to launch its services across the country.As per the agreement, the pricing would be at ‘arm’s length,’ based on prevailing market rates.  Full Article

Reliance Industries Ltd's Reliance Jio announces acquisition of Spectrum
Thursday, 13 Feb 2014 11:14pm EST 

Reliance Industries Ltd:Says a subsidiary, Reliance Jio acquires Spectrum in the 1800 MHz band in the auction conducted by DoT, Government of India.  Full Article

Government Asks Reliance Industries Ltd To Surrender 81% Of KG-D6 Gas Block - Business Standard
Wednesday, 30 Oct 2013 08:20am EDT 

Business Standard reported that the government asked Reliance Industries Ltd to give up 81 % of its KG-D6 gas block, including five discoveries, as the time allocated for producing from them had expired. The Oil Ministry wants RIL and its partners BP plc of UK and Canada's Niko Resources to give up 6,198.88 square kilometres out of a total 7,645 sq km area in KG-D6 block, by retaining only the portions where regulator DGH-recognised discoveries have been made. The area sought is more than 5,367 sq km area that RIL had offered to relinquish and includes five discoveries - D4, D7, D8, D16 and D23 for which the Directorate General of Hydrocarbon (DGH) had opined that RIL missed deadlines for submission of investment plans.  Full Article

Reliance Industries Ltd's Relaince Jio Infocomm Ltd Gets Unified License For 22 Service Areas Across India
Friday, 25 Oct 2013 01:52am EDT 

Reliance Industries Ltd announced that Relaince Jio Infocomm Ltd has received Unified License for all 22 service areas across India and becomes the first telecom operator in the country to get pan India unified license.  Full Article

India's Reliance, partners abandon east coast oil and gas block

MUMBAI, Dec 24 - Reliance Industries Ltd and its partners have relinquished an oil and gas block off India's east coast due to access restrictions and uncertainty over long-term natural gas pricing, one of the company's joint-venture partners Hardy Oil and Gas said on Wednesday.

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