Key Developments: Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

1,021.75INR
25 Jul 2014
Price Change (% chg)

Rs-19.00 (-1.83%)
Prev Close
Rs1,040.75
Open
Rs1,040.00
Day's High
Rs1,041.85
Day's Low
Rs1,008.00
Volume
312,250
Avg. Vol
426,497
52-wk High
Rs1,142.50
52-wk Low
Rs765.00

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Latest Key Developments (Source: Significant Developments)

Reliance Industries Ltd To Raise $1.75 Billion Syndicated Term Loan-Business Standard
Tuesday, 20 Aug 2013 02:44pm EDT 

Business Standard reported that Reliance Industries Ltd has signed an agreement with 19 banks to raise a INR1.75 billion syndicated term loan to finance its capital expenditure in India and new projects in its refining and petrochemical businesses. This comprises $1.2 billion to refinance the current outstanding multi-currency facilities and $550 million to fund new facilities.  Full Article

Reliance Industries Ltd to Establish Joint Venture
Monday, 19 Aug 2013 08:00pm EDT 

Reliance Industries Ltd announced that it will establish a Wuhan-based joint venture, a real estate development company, with a Wuhan-based group company. The joint venture will be with a registered capital of RMB 10 million, in which the Company will invest RMB 9.9 million and hold a 99% stake.  Full Article

Reliance Industries Ltd Approves Scheme Of Arrangement For Amalgamation
Friday, 19 Jul 2013 09:50am EDT 

Reliance Industries Ltd announced that the Board of Directors at its meeting held on July 19, 2013, has approved a scheme of arrangement for amalgamation of Reliance Energy Generation and Distribution Limited (REGDL), a wholly owned unlisted subsidiary company, with Reliance Industries Limited (RIL).  Full Article

Reliance Industries Ltd No Longer Interested In Gas Distribution Business-Business Standard
Monday, 15 Jul 2013 07:05am EDT 

Business Standard reported that Reliance Industries Ltd has decided to keep away from the business of city gas distribution (CGD). Reliance Gas, which had successfully bid for three cities Rajahmundry in Andhra Pradesh, Shahdol in Madhya Pradesh and Yanam in Pondicherry during the second round of bidding for CGD in 2009, has sought to withdraw from laying city gas pipelines in these cities.  Full Article

Reliance Industries Ltd And Others Eye Stake In Haldia Petro-Business Standard
Tuesday, 11 Jun 2013 06:52am EDT 

Business Standard reported that PSUs and major private players have evinced interest in buying out West Bengal government's stake in Haldia Petrochemicals Ltd (HPL), which has been put on the block. Companies which had submitted EoIs were Indian Oil Corporation Ltd, Oil and Natural Gas Corporation Ltd and GAIL (India) Ltd from the public sector. From the private sector Reliance Industries Ltd, Cairn India and Jindal Petroleum had shown interest, the sources said. The state government, which holds nearly 40 per cent stake in HPL, has appointed Deloitte as transactional adviser through its investment promotion arm WBIDC to seek EoIs  Full Article

Reliance Industries Ltd and Reliance Communications Ltd Strike Telecoms Tower Pact-Reuters
Friday, 7 Jun 2013 01:49am EDT 

Reuters reported that Reliance Industries Ltd's telecommunications unit will lease up to 45,000 mobile masts from Reliance Communications Ltd in a deal valued at more than INR120 billion ($2.1 billion) over the lifetime of the contract, the Indian companies said.  Full Article

Reliance Industries Ltd Plans To Shut Vgo Unit At 580,000 Bpd Refinery-Business Standard
Friday, 31 May 2013 11:50am EDT 

Business Standard reported that Reliance Industries Ltd owner of the refining complex in Gujarat, plans to shut a vacuum gas oil (VGO) hydrotreater at its 580,000 barrels per day (bpd) refinery in July, two sources familiar with the shutdown plan said on May 31, 2013. The refinery, adjacent to an older 660,000 bpd refinery at Jamnagar in Gujarat, has two VGO hydrotreaters of 110,000 bpd capacity each. The shutdown is for catalyst replacement and will last for about two weeks, the sources said. A VGO hydrotreater removes sulphur and nitrogen content from heavy feedstock to produce feed for units like fluid catalytic crackers, which produce value added products like liquefied petroleum gas and gasoline.  Full Article

S&P Upgrades Reliance Industries Ltd On Strategic Clarity, Strong Competitive Position-Business Standard
Wednesday, 29 May 2013 08:14am EDT 

Business Standard reported that Standard & Poor's Ratings Services upgraded Reliance Industries Ltd to 'BBB+' from 'BBB'. The rating agency, however, maintained a negative outlook. In a press statement, S&P said that the negative outlook on Reliance reflects the outlook on the sovereign credit rating on India and upgraded Reliance because the Company's strategy to grow organically will strengthen its competitive position and support its profitability.  Full Article

Reliance Industries Ltd's Telecom Unit And Bharti Airtel Ltd Enters Into Agreement-Reuters
Tuesday, 23 Apr 2013 02:16am EDT 

Reuters reported that Reliance Industries Ltd's telecom unit, Reliance Jio Infocomm, and Bharti Airtel Ltd entered into an agreement for international data connectivity.  Full Article

Reliance Industries Ltd Recommends Dividend
Tuesday, 16 Apr 2013 07:41am EDT 

Reliance Industries Ltd announced that the Board of Directors of the Company at its meeting held on April 16, 2013 has recommended a dividend of INR9 per fully paid-up equity share of INR10 each.  Full Article

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