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Reliance Mobile ICC Player Rankings for Test batsmen

October 7, 2010 · Filed Under Uncategorized · Comment 

India’s master batsman Sachin Tendulkar moved into third position in the latest Reliance Mobile ICC Player Rankings for Test batsmen, which were released on Wednesday.

The 37-year-old from Mumbai scored 98 and 38 in the Mohali Test, which India won by one-wicket on Tuesday.

As a result, he improved his ranking by one place, which puts him in third position in the list, headed by Sri Lanka captain Kumar Sangakkara and India opener Virender Sehwag in second place.
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Reliance Power ties up Rs 1,600 cr for Butibori captive power plant

July 27, 2009 · Filed Under Uncategorized · Comment 

Reliance Power Ltd, an Anil Dhirubhai Ambani Group company, has tied up close to Rs 1,600 crore for its group captive power plant project coming up at Butibori industrial area in Nagpur.

The 300 mw power plant being built at the cost of Rs 2,000 crore is the largest project of its kind in the country. The funds for the project have been raised at a debt-equity ratio of 80:20 and the plant is likely to be commissioned by 2011-12.
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Gas supply at half the price ruling hits Reliance Industries shares

June 15, 2009 · Filed Under Uncategorized · Comment 

Reliance Industries has been told by an Indian court to supply gas to Reliance Natural Resources at nearly half the price of an interim ruling, sending the company’s shares down 7.5 percent.

A lawyer for Reliance Natural said on Monday the Bombay High Court had asked Reliance Industries to supply 28 million metric cubic metres a day (mmscmd) for 17 years at $2.34 per million metric British thermal unit (mmBtu) to Reliance Natural.

Reliance Industries, controlled by billionaire Mukesh Ambani, and Reliance Natural, headed by estranged younger brother Anil, have been contesting details in a supply contract agreed when the Reliance empire split in 2005.
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Reliance Mutual Fund first to cross Rs 1 lakh-cr average AUM mark in May

June 1, 2009 · Filed Under Uncategorized · Comment 

Reliance Mutual Fund, part of Anil Dhirubhai Ambani (ADAG) Group, has become the first mutual fund (MF) house in India to cross the Rs 1 lakh-crore mark in average asset under management (AUM) for a month.

The firm recorded a 13% increase in average AUM for May to Rs 1.02 lakh crore compared with Rs 88,387.98 crore in April. The surge in May was primarily due to improving liquidity and strengthening stock market sentiment.

Reliance MF had earlier crossed the Rs 1 lakh-crore mark in total AUM for a few days in April 2008. This had subsequently dropped, as the stock market crash brought down the value of equity assets significantly. But this is the first time that the average AUM of Reliance MF for the whole month was above Rs 1 lakh crore, as per latest data released by the Association of Mutual Funds of India (AMFI).
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Reliance’s Natural Gas bring down power Shortage in South India

April 30, 2009 · Filed Under Reliance Industries, Uncategorized · Comment 

Natural gas flowing from the Krishna-Godavari field of Reliance Industries Ltd. has helped reduce a power shortage in southern India, said Jayant Deo, managing director of the Indian Energy Exchange.

Demand for power on the exchange from the southern state of Andhra Pradesh has dropped after Reliance started producing the gas, Deo said in an interview in New Delhi today.
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