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Reliance Steel Buys Infra-Metals

August 19, 2008 · Filed Under Reliance Steel & Alum · Comment 

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Reliance Steel & Aluminum Company completed an agreement to acquire the outstanding stock of PNA Group Holding Corporation. The PNA Group includes Infra-Metals.
Infra-Metals has announced plans to build a multi-million dollar facility in New Boston.
Infra-Metals has six facilities across the country. In late 2007 the Infra-Metals board of directors approved the New Boston site as its seventh location. Continue Reading »»

Reliance Infratel IPO deadline lapses

August 19, 2008 · Filed Under Reliance Comm · 1 Comment 

Reliance Infratel, the telecom infrastructure unit of Reliance Communications, is learnt to have deferred its plans for an initial public offering because of the current volatility in the stock markets. Continue Reading »»

Plenty at stake in Reliance Mobile ICC ODI Championship as Sri Lanka and India make final touches to their preparations for next month’s ICC Champions Trophy 2008

August 19, 2008 · Filed Under Reliance Comm · Comment 

Sri Lanka and India will be making final touches to their preparations for next month’s ICC Champions Trophy 2008 in Pakistan when they go head to head in a five-match ODI series starting in Dambulla from Monday. Continue Reading »»

Reliance Retail Forms Logistic Deal With UK’s Wincanton

August 19, 2008 · Filed Under Reliance Retail · Comment 

Reliance Retail has announced that it will form a joint venture with UK-based supply chain specialist Wincanton, which will service its food, supermarket and hypermarket businesses. Reliance said the synergies from the venture will enable it to efficiently run its back-end operations. Continue Reading »»

Reliance ADAG To Kick-Off Big TV On Tuesday

August 19, 2008 · Filed Under Reliance ADAG · Comment 

Reliance Anil Dhirubhai Ambani Group is expected to kick-off the much-awaited Big TV, the Direct-To- Home service from Reliance’s Big TV DTH service on Tuesday, August 19th, in Mumbai, reported the media. Continue Reading »»

Reliance looking at diesel exports to Pakistan

August 19, 2008 · Filed Under Reliance Industries · Comment 

Reliance Industries is looking at exporting diesel from its upcoming refinery at Jamnagar in Gujarat to Pakistan after Islamabad last month allowed import of fuel from India.
In July, Pakistan announced expanding bilateral trade with India by allowing more imports, including diesel and fuel oil. Continue Reading »»

Reliance Submits Dev Plan For 8 More KG Block Discoveries

August 19, 2008 · Filed Under Reliance Industries · 1 Comment 

The development plans for eight more gas discoveries has been submitted by the Reliance Industries in its prolific eastern offshore KG-D6 block.
The Reliance’s junior partner in KG-D6, Canada’s Niko Resources, reported, “The discoveries are adjacent to the Dhirubhai 1 and 3 gas fields that are currently under development.” Continue Reading »»

Reliance close to Terai highway deal in Nepal

August 19, 2008 · Filed Under Reliance Industries · Comment 

After its failure to penetrate Nepal’s thorny hydropower sector, Indian blue chip company Reliance is now edging close to sealing a major construction deal in the Himalayan republic.
Reliance Infrastructure edged out peers Gammon India and Punjab National Bank’s joint venture Everest Bank to make it to the shortlist of companies chosen to build a 77 km fast-track highway that will link Kathmandu Valley with the Terai plains. Continue Reading »»

Niko Resources sees D6 gas development starting Q3 CY08

August 19, 2008 · Filed Under Reliance Industries · Comment 

Niko Resources, the Canadian oil and gas major, sees D6 gas development starting in Q3 CY08, reports CNBC-TV18. “Volumes will ramp up to 2.8 billion cubic feet per day, or bcf/d. D6 oil development will start in Q3 CY08. Post that, volumes will ramp up to 40,000 barrels per day.” Continue Reading »»

Reliance to pump oil in Sept, gas in Oct-sources

August 13, 2008 · Filed Under Reliance Industries · 1 Comment 

India’s Reliance Industries aims to pump gas from its east coast block from October and oil from September, slightly later than expected but within a broad target of the second half of 2008, company sources said. Continue Reading »»