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Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Fitch says Jio's cheap handset to expand India's 4G market
Monday, 24 Jul 2017 05:38am EDT 

July 24 (Reuters) - Fitch on India's Jio::Jio's cheap handset to expand India's 4g market.maintain a negative outlook on the Indian telecoms sector.Jio is likely to boost its revenue market share from 3%-4% to more than 10% in 2018.Fitch on India's Jio says cheap handset would add 3%-4% to annual industry revenue if adopted by at least 100 million subscribers, which appears likely.  Full Article

Reliance Industries announces 1:1 bonus share issue
Friday, 21 Jul 2017 03:28am EDT 

July 21 (Reuters) - Reliance Industries Ltd chairman says::Announces a bonus share issue of 1:1.Refinery off gas cracker at Jamnagar, Gujarat will be commissioned in next few weeks.Shale gas venture in the U.S. to be rationalised.First gas from new investments from KG D6 will come from mid 2020.Over next 12 months, network of retail stores will go to tier 2 and tier 3 cities.10 years from now, reliance plans to become one among top fifty companies in the world.Company plans to earn one trillion rupees of operating profit over next few years.Have set targets of profitability from new businesses.  Full Article

Bharti Airtel terms Reliance Jio allegations false
Thursday, 20 Jul 2017 08:52am EDT 

July 20 (Reuters) - Bharti Airtel Ltd :Bharti Airtel -"by proposing transition to 'bill and keep' regime with zero MTC, Reliance Jio wants to simply transfer its cost to Airtel and other operators".Bharti Airtel says as per current estimates, cost for "bill and keep" with zero MTC would be to tune of INR 150 billion to INR 200 billion per year for industry.Bharti Airtel - cost transfer will allow Reliance Jio to price its services in a predatory manner to kill rest of industry and create a monopoly.Bharti Airtel - "allegations made by Reliance Jio regarding Airtel earning excess revenue from MTC are not only false but laughable".  Full Article

India's Reliance Industries June-qtr profit up about 9 pct
Thursday, 20 Jul 2017 08:47am EDT 

July 20 (Reuters) - Reliance Industries Ltd :June quarter consol PAT 91 billion rupees - TV.June quarter profit 81.96 billion rupees versus 75.48 billion rupees last year.Consensus forecast for June quarter profit was 79.93 billion rupees.June quarter revenue from operations 704.34 billion rupees versus 594.93 billion rupees last year.June quarter consol revenue from operations 905.37 billion rupees versus 714.51 billion rupees last year.Reliance Industries ltd - June quarter gross refining margin at $11.9 per bbl - TV.June quarter consol exceptional item 10.87 billion rupees.The alerts on PAT and GRM were first sourced from TV and later confirmed from a company release at the National Stock Exchange.  Full Article

Reliance Industries says shale gas business maintains cautious approach to resuming development
Thursday, 20 Jul 2017 08:15am EDT 

July 20 (Reuters) - Reliance Industries Ltd :Says currently 8 wells in D1D3 and 3 wells in MA is under production at KG-D6 field.RIL’s polymer production was down by 15% y-o-y to 0.98 MMT on account of planned shutdowns at Hazira and Nagothane.Co, BP expect to submit field development plan for MJ and Satellite Cluster Field for Management Committee approval by end of 2017.Shale gas business continues to maintain a cautious approach to resuming development.Q1 revenue from petrochemicals segment increased due to increase in prices of PP, PVC, PTA and polyester.Says outstanding debt as on 30th June 2017 was 2.01 trln rupees compared to 1.97 trln rupees as on 31st March 2017.Cash and cash equivalents as on 30th June 2017 were at 721.07 bln rupees compared to 772.26 bln rupees as on 31st March 2017.  Full Article

Indian shares mark new highs; ONGC leads gains

Jan 22 Indian equity indexes hit all-time highs on Monday as Reliance Industries rallied after posting a record quarterly profit, while Oil and Natural Gas Ltd gained after saying it would buy a majority stake in Hindustan Petroleum Corp Ltd.