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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 says govt’s demand notice on Panna Mukta & Tapti oil fields is "premature"
Tuesday, 18 Jul 2017 09:24am EDT 

July 18 (Reuters) - Reliance Industries Ltd :Notified by India government of its computation of purported share of GoI's profit petroleum and royalty alleged to be payable by contractor.Says ‍"government's demand notice is premature"​.Says ‍arbitration tribunal is yet to schedule timeline for quantification phase​.Says RIL has already responded to government's demand notice appropriately.Says before process of quantification can commence certain outstanding issues will have to be resolved​.Says RIL has already challenged partial award before English courts and matters are, as such, sub judice.Says co been notified by India govt as part of contractor for Panna Mukta and Tapti Production sharing contracts.  Full Article

Loyal Equipments wins orders from Indian Oil Corp, Reliance Industries
Thursday, 22 Jun 2017 04:52am EDT 

June 22 (Reuters) - Loyal Equipments Ltd :Wins orders of INR 5.5 million from Indian Oil Corporation, Digboi refinery and INR 14.6 million from Reliance Industries Limited, Jamnagar plant.  Full Article

COAI releases May subscriber data
Friday, 16 Jun 2017 08:07am EDT 

June 16 (Reuters) - COAI::Reliance Jio total subscriber figures 112.2 million as of May - Industry body.Vodafone India unit adds 1.1 million subscribers in May - Industry body.Adds 190,043 subscribers in May - Industry body.Adds 2.1 million subscribers in May - Industry body.Aircel adds 173,091 mobile subscribers in May - industry body.  Full Article

Petron Engineering Construction gets work order from Reliance Industries
Monday, 29 May 2017 05:43am EDT 

May 29 (Reuters) - Petron Engineering Construction Ltd :Says receipt of work order from reliance industries for mechanical, electrical and instrumentation works.  Full Article

Reliance Corporate IT Park signs MoU with SAP SE to launch solution in GST regime
Wednesday, 3 May 2017 06:42am EDT 

May 3 (Reuters) - Reliance Corporate IT Park Ltd: :MoU with SAP SE to launch 'Saral GST' solution for taxpayers in GST regime.  Full Article

Reliance Industries partners with Resysta International GmBH
Wednesday, 26 Apr 2017 09:21am EDT 

April 26 (Reuters) - Reliance Industries Ltd :Says RIL partners with Germany's Resysta to bring innovative wood alternative in India.  Full Article

Reliance Industries exec says co to invest 180 bln rupees in Jio this quarter
Monday, 24 Apr 2017 09:02am 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
Monday, 24 Apr 2017 09:00am 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
Monday, 24 Apr 2017 08:03am 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
Monday, 24 Apr 2017 08:02am 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

BRIEF-India's Reliance, World Economic Forum To Establish A New Centre In Mumbai