Apart from strengthening its position in the energy and material businesses, Mukesh Ambani led Reliance Group plans to take a leading position in renewables.
An investment of Rs 1,000 in Reliance Industries shares in 1977 has now turned to over Rs 16.50 lakh in the past 40 years, Chairman of oil-to-telecom behemoth Mukesh Ambani said while addressing the 40th Annual General Meeting on Friday
The recent Reliance Industries (RIL) and British energy major BP deal on joint investment of $6 billion across the entire energy value chain in India and starting commercial gas production from coal bed methane
Reliance Industries to declare Q1 results today: Key focus on Reliance Jio, petrochemicals businessTelecom-to-oil conglomerate Reliance Industries (RIL) will announce its earnings for the quarter ended June post market hours today.
The government has ordered Reliance Industries (RIL), Shell and ONGC to pay a combined $3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, according to people familiar with the matter. RIL and Shell have appealed the arbitration award in a UK court.
Reliance Industries Ltd’s shares have gained 52% in the last 52 weeks, giving huge bonanza to the investors in the heavyweight blue-chip company, helped by its investments in telecom, petrochemicals and retail businesses bearing fruit.
Reliance Industries has pulled out of the last oil block it held in Peru, trimming its overseas assets to just two properties in Myanmar. The billionaire Mukesh Ambani-led firm had in 2007 set up Reliance Exploration and Production (REP) DMCC primarily for acquiring overseas assets.
Reliance Industries refinanced $ 2.3 billion of syndicate and club loans resulting in substantial interest savings, company Chairman Mukesh Ambani has said.
Billionaire Mukesh Ambani-led Reliance Industries and its British partner BP Plc have withdrawn a legal challenge they had mounted three years back against the government over delay in gas price revision.
Reliance Industries and BP Plc’s $6-billion investment announcement on Thursday was prompted by the rare opportunity to develop their gas fields at rock-bottom costs and sell the output at market rates