Billionaire Mukesh Ambani’s Reliance Industries Ltd. and its partner BP Plc are reviving investment plans for a gas block close to a military missile launching facility in the Bay of Bengal.
RIL To Foray Into New Materials Business
Reliance Industries Ltd. participated in an on-line e-bidding process held recently by Allahabad Bank being leader of the consortium of 11 Banks to sell / dispose off assets of “Kemrock Industries & Exports Limited” of Vadodara (Gujarat) and has been declared as the winner in the said bid.
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.
India wants $300 billion in investments over the next 10 years to satisfy accelerating demand in the world’s fastest-growing oil market.
Reliance Industries Ltd. and BP Plc will withdraw the arbitration against the government on the pricing of gas from the D6 block of the Krishna-Godavari basin.
Reliance Industries Ltd (RIL) has successful commissioned the second and final phase of para-xylene (PX) project comprising PX crystallisers trains, trans-alkylation and aromatic extraction units at Jamnagar.
In Securities and Exchange Board of India’s (Sebi) books, Reliance Industries Ltd made unlawful gains worth Rs447.27 crore in November 2007, while trading in equity derivatives of subsidiary company, Reliance Petroleum Ltd (RPL).
Investors of Reliance Industries Ltd (RIL) on Monday have lost over Rs12,500 crore market value after market regulator penalized the company for unlawful transactions and imposed a one year ban on it and 12 other entities from trading in equity derivatives.
India’s domestic gas prices may stop falling for the first time two years, a welcome relief for the country’s energy explorers.
India’s Oil & Natural Gas Corp. is wading into deep waters where energy giants BP Plc and Reliance Industries Ltd found a sea of trouble.