Reliance Ind is biggest wealth creator in last 5 years

December 21, 2008 · Filed Under Reliance Industries · Comment 


The top 100 companies have created wealth worth Rs 25.4 lakh crore during the period 2003-08, according to a study.

“The top 100 companies, analysed during the period 2003-08, created wealth worth Rs 25.4 lakh crore,” the Motilal Oswal 13th Annual Wealth Creation Study released here today said.
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RIL’s KG oil for Chennai Petroleum by February

December 19, 2008 · Filed Under Reliance Industries · Comment 


Reliance Industries will supply the second consignment of crude oil from its eastern offshore Krishna Godavari basin D6 block to Chennai Petroleum Corporation in January-end or early February instead of this month.
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Ambani award to Prof Robert H Grubbs

December 19, 2008 · Filed Under Reliance Industries · Comment 


Nobel laureate Professor Robert H Grubbs was awarded the prestigious UAA Dhirubhai Ambani Lifetime Achievement Award by Reliance Industries Executive Director Nikhil R Meswani, at the University Institute of Chemical technology, here today.

Professor Grubbs is the Victor and Elizabeth Atkins professor of Chemistry at California Institute of Technology, USA.
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RIL is planning for shared service center to cut cost

December 19, 2008 · Filed Under Reliance Industries · Comment 


India`s largest private sector company Reliance Industries (RIL) as part of it`s cost cutting move is working on setting up a shared service centre that will integrate core support functions, HR, training, commercials and IT services, of all group companies into one unit in Mumbai, reports Economic Times.
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Reliance Industries failed in oil delivery to CPCL

December 17, 2008 · Filed Under Reliance Industries · Comment 


Reliance Industries has failed to deliver the second consignment of crude oil
from its eastern offshore Krishna-Godavari basin D6 block to Chennai Petroleum Corp Ltd, as output from the field has been erratic.
Reliance was to deliver a consignment of about 60,000 tons of oil from MA-1 field in the predominantly gas-rich block in the Bay of Bengal to CPCL on November 23-24, but failed to meet the deadline, sources said.
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Mumbai FY09 tax revenue may miss target

December 16, 2008 · Filed Under Reliance Industries · Comment 


Corporate advance tax collections in Mumbai, which contributes around 35-40% to the country’s tax kitty every year, have increased by just 20% in the current financial year to December against 60% growth in the same period of the previous fiscal, underscoring fears of a more pronounced slowdown in India’s economic engine.
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India’s Reliance Industries raises $208 mln via debentures

December 16, 2008 · Filed Under Reliance Industries · Comment 


India’s Reliance Industries Ltd has raised 10 billion rupees ($208 million) in two tranches through the issue of debentures, sole arranger Edelweiss Capital said on Monday.
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Reliance Industies to get $400m from JPMorgan

December 10, 2008 · Filed Under Reliance Industries · Comment 



Reliance Industries Ltd has signed an agreement for a $400 million financing facility from JPMorgan, the U.S. financial firm said on Wednesday.

The 11-year facility will help Reliance buy equipments from 17 suppliers in the United States, it said in a statement.

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Fire at Reliance Industries Gujarat unit

December 9, 2008 · Filed Under Reliance Industries · Comment 


A fire broke out at Reliance Petroleum’s under-construction refinery at Jamnagar in Gujarat. The part of the refinery complex where waste material is stored caught fire but the company said there was no loss of life and project work has not been affected.
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Reliance oil and gas projects might be delayed

November 10, 2008 · Filed Under Reliance Industries · Comment 


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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