Reliance oil and gas projects might be delayed
Reliance Industries (RIL), India’s biggest company by market value, is unlikely to meet its previously-announced commissioning schedules for two key oil and gas projects, as depressed global fuel demand, the financial market turmoil and legal challenges to its plans force it to push back deadlines, company officials with knowledge of its plans say.
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Reliance looks abroad for semiconductor unit
Bangalore: Mukesh Ambani’s Reliance Industries (RIL) is understood to be evaluating at least four overseas locations for setting up two plants for semiconductor fabrication and manufacturing solar grade wafers and polysilicon.
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Reliance Gas Corporation to get 67% equity in Andhra gas consortium
The Andhra Pradesh government has decided to restructure the equity pattern of the Krishna-Godavari Gas Network (KGGNL) to include Reliance Gas Corporation (RGC), a subsidiary of Reliance Industries, as a majority partner of the consortium.
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Reliance Industries stock likely to underperform: Sudarshan Sukhani
Technical Analyst, Sudarshan Sukhani is of the view that Reliance Industries is likely to under perform irrespective of what its doing in the last three days, while ONGC should stay with the market and perform.
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RIL offering significant discounts to petro chemical buyers
In a bid to bring down its inventory, Reliance Industries (RIL) is said to be offering significant discounts to customers. According to trade circles, customers who are willing to accept two months of supply at one go, are being offered around 5-10% discounts. This follows RIL’s price reduction for various petrochemical products like polypropylene (PP), polyethylene (PE) and polyvinyl chloride (PVC) early this month. It was the second successive price cut in the past couple of months.
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Reliance denies closedown of polyester and petrochemical plants
Report from ET.
Reliance Industries Ltd, India’s largest private sector firm, on Wednesday denied a report that it had shut five polyester and petrochemical plants due to lower demand.
Media had reported the company had closed five of its seven polyester and petrochemical units at Patalganga near Mumbai, amid falling demand for polyester products worldwide, citing unidentified sources.
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Reliance Industries Q2 Result: Net profit jumps 7.43%
Reliance Industries Ltd posted a 7.43 per cent jump in net profits for the July-September quarter of this financial year. The Oil and petrochemical major’s net profits stood at Rs 4,122 crore against Rs 3837 crore in the corresponding quarter last year, while its net turnover was at Rs 44,787 crore, up 40 per cent from the same period last year.
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Ex-colleague arrested in Reliance HR murder case
A former employee of Dhirubhai Ambani Knowledge City (DAKC) was arrested on Thursday, eight days after the alleged killing of the company’s employee, Anandita Goswami-Mishra, said a high-ranking police official.
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Mukesh ready for out-of-court settlement with NTPC, but not with Anil
Mukesh Ambani-led Reliance Industries (RIL) today told Bombay High Court it was willing to resolve the dispute regarding gas supply agreement with NTPC but appeared to be ruling out seeking the help of “independent authorities” for settling a similar row with Anil Ambani’s RNRL. The two cases are being heard by separate benches in the High Court and both involve supply of gas by RIL from its Krishna-Godavari basin gas-fields.
Mukesh to own more in Reliance, Converts 12 cr RIL warrants
Mukesh signs a cheque for Rs 15,142 cr; promoter stake rebounds to 54.99%
Mukesh Dhirubhai Ambani wrote the largest-ever cheque by a promoter to purchase a company’s shares on Friday.
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Dhirubhaism
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— Dhirubhai
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Date Time:01-12-2008 05:28
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