Reliance looking at long-term oil supplies from Iran

Reliance looking at long-term oil supplies from Iran

Reliance Industries Ltd , India’s biggest oil refiner, said it is looking to buy more crude from Iran as the company seeks to rebuild ties to benefit from shorter shipping distances. The company had made small purchases from Iran in the current quarter and was currently engaged in talks for bigger supplies, indicating that it could […]

Tilaiya ultra mega power project in limbo as Maharashtra, Tata Power refuse to pay

Tilaiya ultra mega power project in limbo as Maharashtra, Tata Power refuse to pay

The future of Tilaiya Ultra Mega Power Project (UMPP) hangs in limbo as some power procurers have refused to pay the fee for termination of power purchase agreement (PPA) signed with Reliance Power for electricity from the plant, a source familiar with the development told ET. Read More…

RIL lines up Rs 1.5 lakh crore capex, Rs 50,000-60,000 crore for Jamnagar refinery complex

RIL lines up Rs 1.5 lakh crore capex, Rs 50,000-60,000 crore for Jamnagar refinery complex

Reliance Industries, which today reported its highest quarterly net profit in eight years, said the firm will increase the capital expenditure by Rs 30,000 crore this fiscal to complete ongoing refining and petrochem projects as well as for the telecom business. Read More…

General Electric profit tops estimates but organic revenue falls 1 per cent

General Electric profit tops estimates but organic revenue falls 1 per cent

General Electric Co reported a 5 per cent rise in quarterly profit on Friday, topping analysts’ estimates, but organic revenue fell 1 per cent, raising questions about the company’s full-year revenue target. Read Full Story…

Mukesh Ambani’s RIL clocks highest quarterly net profit in 8 years at Rs 7,398 cr

Mukesh Ambani’s RIL clocks highest quarterly net profit in 8 years at Rs 7,398 cr

Team EnergyInfraPost With falling crude oil prices boosting the company’s refining and petrochemical margins, India’s largest private sector energy company–Reliance Industries Ltd on April 22nd, 2016 reported its highest quarterly net profit in eight years at Rs 7,398 crores representing a 16% jump in earnings for the three-month period ended March 31. RIL is the operator […]

Brief on TAPI Gas Pipeline to Fazilka, Punjab

Brief on TAPI Gas Pipeline to Fazilka, Punjab

The work on the Turkmen leg of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline began on 13th December 2015 at Mary, Turkmenistan. Earlier in November 2014, the Pipeline Consortium, TAPI Pipeline Company Limited (TPCL) was incorporated in Isle of Man, a British Crown dependency.The Share Holders Agreement of TPCL was also signed on 13th December 2015