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Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

28 Oct 2016
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Rs5.00 (+0.48%)
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Latest Key Developments (Source: Significant Developments)

Reliance Industries seeks members' nod for NCD issue of up to 100 bln rupees
Thursday, 4 Aug 2016 08:43am EDT 

Reliance Industries Ltd : Seeks members' nod to issue NCDs for up to 100 billion rupees .  Full Article

Reliance Industries says post cessation of production in Tapti, processing facilities handed to ONGC
Friday, 15 Jul 2016 07:52am EDT 

Reliance Industries Ltd : June-quarter demand for pet was affected by regulations imposed on sale of pharmaceuticals formulations and drought across the country . Post cessation of production in Tapti in March 2016, processing facilities and export pipelines have been handed over to ONGC .  Full Article

Reliance Industries says June-qtr GRM at $11.5 per bbl
Friday, 15 Jul 2016 07:48am EDT 

Reliance Industries Ltd : Says June-quarter gross refining margin at $11.5 per bbl . Outstanding debt as on 30 June 2016 was inr 1.87 trln compared to inr 1.80 trln as on 31 March 2016 . Cash and cash equivalents as on 30th June 2016 were at inr 908.12 billion compared to inr 899.66 billion as on 31st March 2016 .  Full Article

Reliance Industries June-qtr consol profit 71.13 bln rupees
Friday, 15 Jul 2016 07:39am EDT 

Reliance Industries Ltd : India's Reliance Industries Ltd June-quarter consol net profit 74.64 billion rupees . India's Reliance Industries - June-quarter consol net sales 649.9 billion rupees . Consensus forecast for June-quarter consol net profit was 65.15 billion rupees . Consol net profit reported in June-quarter last year was 62.22 billion rupees; consol net sales was 771.30 billion rupees . Says June-quarter total comprehensive income (after tax) 74.64 billion rupees . India's Reliance Industries Ltd says June-quarter consol net profit after taxes, minority interest, share in profit was 71.13 billion rupees . The first consol net profit alert was first sourced from TV and was later confirmed from a press release at the NSE .  Full Article

Reliance Industries says RIL and SBI to set up payment's bank
Friday, 1 Jul 2016 07:28am EDT 

Reliance Industries Ltd : Ril and sbi execute the subscription and shareholders agreement for setting up payment's bank . Payments bank will work towards digitising payments . Agreement signed by ril as promoter with 70 percent equity contribution and sbi as jv partner with 30 percent equity contribution . Payments bank will work towards promoting digital savings and investment products .  Full Article

Reliance Industries signs deals for sale of interest in gulf Africa Petroleum Corp
Tuesday, 31 May 2016 03:16am EDT 

Reliance Industries Ltd : Reliance signs agreements for the sale of its interest in gulf Africa petroleum corporation to total . Unit Reliance exploration & production dmcc, total executed deals for sale of 76% interest held by repdmcc in gulf Africa petroleum . Net proceeds for the sale will be finalized on completion of the transaction which is expected to be within the coming months . Repdmcc and minority shareholder have agreed to sell their entire respective holdings in gapco for cash .  Full Article

Reliance Industries Ltd lets half of Jio's field engineers leave - Economic Times
Monday, 4 Apr 2016 06:32pm EDT 

Reliance Industries Ltd:Reliance Industries has let go of at least half of the 1600-odd contracted field engineering officers involved in rolling out telecom arm Jio's pan-India 4G network, saying their work is over.But quite a few of the affected are approaching various fora, including the political leadership, against the company's move of premature termination of contracts.These field engineers are all ex-members of India's armed forces who had been hired by a wholly-owned RILBSE unit, Strategic Manpower Solutions Ltd (SMSL), on a two-year contract for work at RIL's telecom venture, Reliance Jio Infocomm which is set to roll out its 4G services.A person close to the company said that a "sizeable" number of SMSL field engineers involved in the Jio 4G rollout have been told to leave after putting in 12-to-20 months in markets such as Delhi, Bhopal, Lucknow and Nagpur and.as little as six months in Kolkata, well before their two-year contract term as the Jio network build-out in these regions was concluded ahead of schedule.  Full Article

Reliance Industries Ltd announces payment of interim dividend
Thursday, 10 Mar 2016 08:17am EST 

Reliance Industries Ltd:Says that interim dividend of 10.50 Indian rupees per equity share of 10 Indian rupees each, declared by the board of the company at its meeting held on March 10, 2016 will be paid / dispatched to the shareholders on or before March 31, 2016.  Full Article

Reliance Industries Ltd says Viacom acquires 50 pct stake in Indian Regional Networks
Friday, 31 Jul 2015 07:34am EDT 

Reliance Industries Ltd:Says Viacom acquires 50 pct stake in Indian regional networks.Says Deal for 9.4 bln Indian Rupees.Says With the acquisition, Viacom Inc will hold 50 percent of Prism TV and remaining 50 percent interest will continue to be owned by Network18 Group.  Full Article

Sebi completes probe into Reliance Industries Ltd unfair trade practices case - Business Standard
Sunday, 21 Jun 2015 08:00pm EDT 

Reliance Industries Ltd:Says Securities and Exchange Board of India (Sebi) has completed its investigation into the eight-year-old case of Reliance Industries’ fraudulent and unfair trade practices (FTUP) - Business Standard.Says the case pertains to allegations of the company violating the fraudulent and unfair trade practices norms in its dealings on the shares of one of its arm Reliance Petroleum in 2007.  Full Article


India's $20 billion refinery expansion to cut fuel oil output

NEW DELHI/SINGAPORE India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries and produce more profitable refined products such as gasoline or diesel.