RIL to start production at 3 new blocks by mid-2020
Posted on 22nd July 2019 |
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To reverse the decline in production of natural gas fields in KG-D6 block in Bay of Bengal, Reliance Industries (RIL) said it is likely to start production at the three new sets of discoveries in the block by mid-2020. The production decline in the blocks over the years has brought it to 'late life stage' though it has not plummeted to an all-time low. |
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RIL Q1 net up 7% at Rs 10,104 crore; Jio, retail boost revenues by 22%
Posted on 20th July 2019 |
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Reliance Industries Ltd (RIL) on Friday reported a 6.8 per cent increase in its net profit at Rs 10,104 crore for the quarter ended June this year on the back of a record 22 per cent jump in revenue at Rs 1.72 trillion. Consumer businesses contribute 32 per cent of the consolidated segment gross earnings (or earnings before interest, taxation, depreciation, and amortisation, or Ebitda) for the quarter. |
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RIL likely to report slowest profit growth in 15 quarters, say analysts
Posted on 18th July 2019 |
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The operating profit of Mukesh Ambani promoted Reliance Industries' (RIL) is expected to take a hit in the June quarter. Analysts estimate a decline in earnings before interest, taxation, depreciation and amortization (EBITDA). The company is also expected to see its slowest profit growth in the last 15 quarters. RIL will report its June 2019 ended quarter results on Friday. |
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RIL ties up with Turkey's Kivanc Tekstil
Posted on 9th July 2019 |
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Reliance Industries Ltd (RIL) Monday said it has tied up with Turkish textile manufacturer Kivan Tekstil to manufacture and market its sustainable and eco-friendly fabric brand R|Elan's GreenGold fabric in Turkey. "Apart from manufacturing and marketing R|Elan GreenGold fabrics, Kivan will be the exclusive distributor of Recron GreenGold fibres to spinners, yarn manufacturers and knitters across Turkey. |
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DNA EXCLUSIVE: RIL under lens for diverting Rs 1.7K cr CSR funds
Posted on 19th June 2019 |
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The Ministry of Corporate Affairs (MCA) has sent a notice to Reliance Industries Ltd (RIL) over violation of the Corporate Social Responsibility (CSR) norms. The government may soon start inspection of its CSR projects, where the company has reportedly spent 2% of its net profits as mandated by the law. |
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Reliance tops IOC in sales
Posted on 22nd May 2019 |
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Reliance Industries has toppled state-owned Indian Oil Corporation (IOC) to become the country’s biggest company by revenue. In 2018-19, Reliance has reported a turnover of Rs 6.23 lakh crore. In comparison, IOC posted a turnover of Rs 6.17 lakh crore for the fiscal, according to regulatory filings by the two companies. |
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Reliance Industries overtakes Indian Oil to become largest company by revenue
Posted on 21st May 2019 |
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The Mukesh Ambani-led Reliance Industries (RIL), which was about half the size of Indian Oil Corporation (IOC) till nearly 11 years ago, has displaced the public sector refiner as the biggest company by revenue. While the net revenue of RIL surged by 44.8% in FY19 to `5.67 lakh crore, the revenues of IOC rose by 28.03% during the year to `5.28 lakh crore — `38,986 crore less than that of RIL, Bloomberg data show. |
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Reliance Industries tables bid for oil block
Posted on 17th May 2019 |
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Reliance Industries along with BP have bid for an exploration acreage for the first time in their eight-year partnership under the government’s open acreage licensing policy for oil and gas that has put 32 blocks up for auction. Reliance-BP has made an offer for one block in the Krishna-Godavari basin. The block had been demarcated by BP earlier. |
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Reliance entry to digitise 5 million kirana stores by 2023: Report
Posted on 13th May 2019 |
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Richest Indian Mukesh Ambani-led Reliance Industries' entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said.As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries. |
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Reliance Brands goes global with Hamleys in cart
Posted on 10th May 2019 |
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Reliance Industries subsidiary Reliance Brands Ltd (RBL) is acquiring 100% stake in Hamleys Global Holdings, the owner of British toys brand Hamleys, from Hong Kong-based C Banner International Holdings. An agreement to this effect has been signed between the two entities, RBL said in a statement late Thursday evening. |
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