| Reliance Industries Limited (RIL) Related news |
RIL to sign pact with Israeli big data and smart city tech provider
Posted on 13th January 2018 |
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Mukesh Ambani-led Reliance Industries (RIL) is set to sign a memorandum of understanding (MoU) with Israeli tech major mPrest, a global technology provider, during the visit of Israeli Prime Minister Benjamin Netanyahu to India. This could be considered RIL’s move to get deep into the smart city, big data, defence and critical infrastructure space. This is one of the 10 important MoUs to be signed between Indian and Israeli companies. mPrest is part of the largest-ever business delegation from Israel, which would accompany the Israeli PM, who is arriving on Sunday. |
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RIL likely to see big cash flow boost after adding world’s largest ROGC, petrochem portfolio expansion
Posted on 3rd January 2018 |
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Reliance Industries is likely to see a big cash-flow boost as projects of over $40 billion start to deliver in full swing this fiscal while capex falls, international brokerage house CLSA said today. In a report, CLSA said that the stabilisation of just-commissioned refinery off-gas cracker (ROGC) and petcoke gasification projects would boost EBITDA, PTI reported. ROGC is the latest addition to the RIL’s portfolio as the world’s first ever and the largest. The ROGC complex is a core component of RIL’s most innovative and world-scale J3 project at its integrated Refinery-Petrochemicals complex at Jamnagar. |
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Reliance Industries, Maruti Suzuki rally over 75% the last one year
Posted on 26th December 2017 |
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Four stocks - Reliance Industries, Bharti Airtel, Maruti Suzuki India and Tata Steel – from the S&P BSE Sensex have rallied more than 75% since December 26, 2016. The benchmark Sensex ended above its crucial 34,000 level at 34,010.61 on Tuesday, up 31.8% from its one year back level on back of strong an over Rs 1-lakh crore net inflow by the domestic mutual funds. On December 26, 2016, the Sensex had closed at 52-week low of 25,807.10. |
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Mukesh Ambani's RIL may be planning to list Reliance Jio next year
Posted on 12th December 2017 |
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Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is said to be in talks for an initial public offering (IPO) for its mobile operator Jio. According to a Bloomberg report, Reliance is holding internal discussions about preparing to list Jio as early as late 2018 or early 2019. An RIL representative approached by Bloomberg for its report declined to comment. Jio, which hasn’t made a profit since its official launch last year, is aiming to improve its financial performance before any share sale, said Bloomberg quoting people close to the development refusing to be named as the information was private. |
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ADB lends $583 mn for Reliance Power's 750-Mw project in Bangladesh
Posted on 5th December 2017 |
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ADB’s financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The total project cost is approximately $1 billion. “ADB’s partnership with Reliance Power will help Bangladesh scale up its energy infrastructure to sustain and support the country’s economic growth.” Michael Barrow, director-general of ADB’s Private Sector Operations Department, said: “ADB’s role as a direct lender and guarantee provider will enable Reliance Power to mobilize much needed long-term debt financing and will help in attracting new lenders to Bangladesh.” |
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RIL exits Marcellus shale gas asset
Posted on 25th November 2017 |
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Mumbai: Reliance Industries Ltd (RIL) has completed the sale of its interest in one of the three shale gas assets to BKV Chelsea LLC. Reliance Marcellus II LLC, a subsidiary of Reliance Holding USA, and RIL have closed the stake sale in the Marcellus shale gas asset operated by Carrizo Oil and Gas, RIL said in a statement on Friday. |
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Reliance Industries closes Marcellus shale asset sale for $126 million
Posted on 25th November 2017 |
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Mumbai: Reliance Marcellus II LLC, a subsidiary of Reliance Holding USA Inc. and Reliance Industries Ltd (RIL), has closed the sale of its interest in upstream Marcellus shale assets in north-eastern and central Pennsylvania for $126 million, the company said in a press statement on Friday. The assets are currently operated by Carrizo Oil and Gas Inc. and are being sold to BKV Chelsea LLC, an affiliate of Kalnin Ventures LLC. |
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Reliance Industries’ double-digit refining margins to stay
Posted on 24th November 2017 |
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Mumbai: Severe under-utilisation of refining assets in four countries—Argentina, Mexico, Brazil and Venezuela—and Reliance Industries Ltd’s (RIL) shift in feedstock towards ethane will boost refining margins for RIL, according to analysts. RIL exports majority of its products from its twin refineries in Jamnagar, Gujarat. “Utilization of the Latin American refineries does not appear to be improving any time soon. This would enable RIL to continue clocking GRM (gross refining margin) of 11.5 per barrel during FY19-20,” said Motilal Oswal Securities Ltd in its report dated 13 November. |
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RIL gains after company hits debt market with $800-mn issue
Posted on 21st November 2017 |
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Reliance Industries gained over 2% on Tuesday and was the top index gainer after the company hit the overseas debt market with a $800-million bond sale programne as it seeks to pare a portion of its high cost debt that stands at over Rs 2.14 lakh crore. The stock rose as much as 2.26% to Rs 939 on the BSE. |
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RIL launches bond sale a day after India upgrade
Posted on 20th November 2017 |
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Oil to telecom conglomerate Reliance IndustriesBSE -0.24 % Ltd (RILBSE -0.24 %) is looking to raise $800 million through a 10-year bond sale making it the first company to take advantage of India's rating upgrade last week. The company kickstarted the sale earlier this morning as it seeks to refinance the perpetual bonds it sold in 2013. |
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