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Reliance Industries Ltd (RELI.NS)

RELI.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Reliance Industries exec says co to invest 180 bln rupees in Jio this quarter
9:02am EDT 

April 24 (Reuters) - Reliance Industries Ltd :Exec says co has invested so far $500 million in CBM.Exec says all petchem expansion projects to be completed by this quarter.Exec says full benefit of expansion projects to reflect in cash flows will come from FY19.Exec says non-Jio capex for current fiscal year is 150 billion rupees to 180 billion rupees.Exec says to invest 180 billion rupees in Jio this quarter.Exec says Reliance will continue to clock double digit GRM in coming quarters.Exec says by third quarter, co can see a further jump in GRMs as new projects come online.Exec says market size in retail petrol and diesel sales is 5 percent now.  Full Article

Reliance Industries says co to produce 2.5 MMSCMD of gas from CBM blocks by March 2018
9:00am EDT 

April 24 (Reuters) - Reliance Industries Ltd :Exec says by March 2018, co will produce 2.5 MMSCMD of gas from CBM blocks.  Full Article

Reliance Industries March-qtr GRM at $11.5/bbl
8:03am EDT 

April 24 (Reuters) - Reliance Industries Ltd ::March quarter gross refining margin at $11.5 per bbl .Outstanding debt as on March 31, 2017 was 1.97 trln rupees.Cash and cash equivalents as on March 31, 2017 were at 772.26 billion rupees.Says process of handing over Tapti process facilities, consisting of three platforms, to ONGC was completed during quarter.Says in KG-D6, currently 8 wells in D1D3 and 4 wells in MA are producing.4Q FY17 revenue from the petrochemicals segment increased by 26.4 pct y-o-y to $ 4.1 billion, due to increase in prices across all products.Jio will add another 100,000 towers to the network in the coming months.Says US shale gas business performance improved in quarter sequentially on back of improving prices and higher volumes.As of 31st March 2017, there were 108.9 million subscribers on the Jio network.While NLD interconnection remains an issue in some service areas, Jio is committed to solving this at earliest.Continues to make progress on roll-out of fibre to home business offering with beta trials initiated in few locations.Says in US shale gas, business environment remains challenging, but CY2017 outlook is more constructive compared to last year.On NLD interconnection, Jio hopes for co-operation from other operators.Co would expand scope of beta trials for roll-out of its fibre to the home business over the next few months.Says RIL continue to re-commission its retail petroleum network; 1221 outlets are now operational.  Full Article

Reliance Industries March-qtr profit rises about 13 pct
8:02am EDT 

April 24 (Reuters) - Reliance Industries Ltd :March quarter consol PAT 80.53 billion rupees .Consensus forecast for March quarter net profit was 80.10 billion rupees.March quarter profit 81.51 billion rupees.Recommended dividend of 11 rupees per share.March quarter revenue from operations 745.98 billion rupees.Profit in March quarter last year was 72.27 billion rupees as per Ind-AS; revenue from operations was 541.89 billion rupees.March quarter consol revenue from operations 928.89 billion rupees.Consol profit in March quarter last year was 72.20 billion rupees as per Ind-AS; consol revenue from operations was 639.54 billion rupees.The alert on consol profit was first sourced from TV and was later confirmed from a company press release at the National Stock Exchange..  Full Article

Reliance Jio Infocomm HY loss widens
4:50am EDT 

April 24 (Reuters) - Reliance Jio Infocomm Ltd [RIC:RIC:RELIB.UL]:HY net loss 225 million rupees versus loss 74.6 million rupees year ago.HY total income 5.4 million rupees versus 22.5 million rupees year ago.  Full Article

Reliance says begins commercial production of coal bed methane in central India
Friday, 21 Apr 2017 10:28am EDT 

April 21 (Reuters) - Reliance Industries Ltd says: :Commences commercial production of coal bed methane (CBM) in Sohagpur.Production from Sohagpur CBM fields will gradually ramp up in the next 15-18 months.Has drilled more than 200 wells in first phase, expects to drill 600-800 wells further.  Full Article

Reliance says TRAI advises Jio to withdraw 3 month complimentary offer
Thursday, 6 Apr 2017 10:48am EDT 

Reliance Industries Ltd : Reliance Jio Infocomm - Telecom Regulatory Authority of India advised Jio to withdraw the 3 months complimentary benefits of Jio summer surprise . Reliance Jio Infocomm - Jio accepts TRAI's decision; is in the process of fully complying with the regulator's advice . Reliance Jio Infocomm- will withdraw 3 months complimentary benefits of Jio summer surprise as soon as operationally feasible, over next few days . Reliance Jio Infocomm -all customers who have subscribed to Jio summer surprise offer prior to its discontinuation will remain eligible for the offer Further company coverage: [RELI.NS] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Reliance Industries says over 72 mln Jio customers sign up for Prime plan
Friday, 31 Mar 2017 11:43am EDT 

Reliance Industries Ltd : Reliance Industries says over 72 million Jio customers have signed up for Jio Prime . Reliance Industries says Jio Prime members to get 3 months of complimentary service with first recharge of 303 rupees and above . Reliance Industries says Jio extends timeline up to April 15 for first recharge . Reliance Industries says Jio customers can enrol for Prime membership until April 15 .Reliance Industries says Jio Prime paid tariff plan will be applied only in July after the expiry of the complimentary service.  Full Article

Reliance Industries announces completion of sale of interest in Gulf Africa Petroleum Corp
Wednesday, 29 Mar 2017 08:57am EDT 

Reliance Industries Ltd :Says reliance completes transaction for the sale of its interest in Gulf Africa Petroleum Corporation (GAPCO) to TOTAL.  Full Article

India's Reliance Industries: to appeal SEBI order over trading in Reliance Petroleum shares
Friday, 24 Mar 2017 12:49pm EDT 

Reliance Industries Ltd : RIL to appeal SEBI order . Says SEBI appears to have misconstrued the true nature of the transactions and imposed unjustifiable sanctions . Says in the process of consulting our legal advisors . Says proposes to prefer an appeal and challenge the order in Securities Appellate Tribunal .Says trades in Reliance Petroleum shares which were examined by SEBI were genuine and bona fide transactions.  Full Article

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UPDATE 1-India's Reliance Industries' quarterly profit tops estimates

MUMBAI, April 24 India's oil-to-telecoms conglomerate Reliance Industries Ltd reported a 12.8 percent rise in its fourth-quarter net profit on Monday that topped analysts' estimates, helped by higher margins in its refining and petrochemicals business.