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Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

McDermott receives letter of award for KG-D6 subsea installation contract from Reliance Industries
Wednesday, 1 Nov 2017 07:15am EDT 

Nov 1 (Reuters) - Mcdermott International Inc :Mcdermott-Letter of award for contract from reliance industries for KG-D6 subsea field development in Krishna Godavari Basin, off east coast of India​.Mcdermott International Inc - ‍ contract award is expected to be reflected in Mcdermott's Q4 2017 backlog​.Mcdermott International Inc - ‍contract is scheduled for completion by Q2 of 2020 for base scope, and Q1 of 2021 for optional scope​.  Full Article

Salasar Techno Engineering gets order worth ‍1.12 bln rupees from Reliance Jio
Tuesday, 31 Oct 2017 04:53am EDT 

Oct 31 (Reuters) - Salasar Techno Engineering Ltd ::Gets ‍order from Reliance Jio worth 1.12 billion rupees.Says order to supply 1,715 telecom towers to Reliance Jio‍​.Says order to be executed by March 2018.  Full Article

RCom says 4G strategy to be executed via spectrum sharing, intracircle roaming with Jio
Wednesday, 25 Oct 2017 08:26am EDT 

Oct 25 (Reuters) - Reliance Communications Ltd :Says ‍decided to adopt 4G-focussed strategy for profitable growth of its wireless business​.Co will be optimizing its 2G and 3G footprint, related infrastructure and human resources, w.e.f Nov 30.Reliance communications says 4G strategy to be executed through spectrum sharing and intracircle roaming with Reliance Jio.  Full Article

Reliance Industries sees Jio capex to be about 70 bln rupees/qtr over next few qtrs
Friday, 13 Oct 2017 09:13am EDT 

Oct 13 (Reuters) - Reliance Industries Ltd :Reliance Industries exec says Reliance Jio net debt at 490 bln rupees‍​.Reliance Industries exec says started manufacturing Jio phones in India‍​.Reliance Industries exec says capex for Jio will be around 70 billion rupees per quarter over next few qtrs.Reliance Industries exec says Jio's equity is currently 900 billion rupees.  Full Article

Reliance Jio Infocomm posts Q2 loss of 2.71 bln rupees
Friday, 13 Oct 2017 08:06am EDT 

Oct 13 (Reuters) - Reliance Jio Infocomm::Sept quarter Reliance Jio net loss 2.71 billion rupees versus loss 39 million rupees.Sept quarter Reliance Jio revenue from operations 61.47 billion rupees.Reliance Jio subscriber base 138.6 million as of Sept 30.Sept quarter Reliance Jio ARPU INR 156.4/sub per month.Sept quarter Reliance Jio net subscriber addition of 15.3 million.  Full Article

Reliance Industries Sept qtr gross refining margin of $12 per bbl
Friday, 13 Oct 2017 08:06am EDT 

Oct 13 (Reuters) - Reliance Industries Ltd :Says gross refining margin (GRM) of $12.0/bbl for sept quarter‍​.8 wells in d1-d3, 3 wells in MA under production at KG-D6 block; efforts to sustain well life to maximize recovery underway‍​.Outstanding debt as on sept 30, 2017 was 2.14 trln rupees.Cash & cash equivalents as on 30th september 2017 were at 770.14 billion rupees compared to 772.26 billion rupees as on 31st march 2017.‍​.Reliance has started operations of new ROGC cracker, MEG and LLDPE plants at Jamnagar; currently, plants are under stabilization.Awards for long-leads have commenced for R-cluster; bid evaluation, negotiations for other contracts are in advanced stages.  Full Article

India's Reliance Industries Sept qtr profit up about 7 pct
Friday, 13 Oct 2017 07:53am EDT 

Oct 13 (Reuters) - India's Reliance Industries Ltd :Sept quarter net profit 82.65 billion rupees versus profit of 77.04 billion rupees last year.Consensus forecast for sept quarter profit was 88.05 billion rupees.Sept quarter revenue from operations 717.61 billion rupees versus 643.44 billion rupees last year.Sept quarter consol net profit 81.09 billion rupees versus 72.09 billion rupees last year.Sept quarter consol revenue from operations 950.85 billion rupees versus 816.51 billion rupees last year.  Full Article

Reliance Industries signs agreement for sale of assets in Marcellus shale play of north-eastern and central Pennsylvania​
Friday, 6 Oct 2017 06:11am EDT 

Oct 6 (Reuters) - Reliance Industries Ltd :Says Reliance signs agreement for sale of its assets in marcellus shale play of north-eastern and central Pennsylvania​.Says additionally, co could get contingent payments of up to $11.25 million in aggregate.Says deal for $126 million.Says the assets were sold to BKV Chelsea, LLC.Says Citigroup Global Markets, Inc acted as financial advisor to co, Haynes and Boone served as legal counsel.Says deal expected to close by end of third quarter of FY 2018.  Full Article

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

RPT-Indian state oil firms betting on natural gas as next big thing

MUMBAI/NEW DELHI, Nov 17 India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.