RIL and its partner BP plc had in the April-June quarter of the current fiscal produced 6.4 mmscmd of gas
Reliance Industries today came out with a set of better-than-expected earnings numbers for the quarter ended December 2017.
The commissioning of hydrocarbon projects worth $20 billion amid rising global oil prices could boost core earnings growth at Reliance Industries (RIL), prompting the Street to likely enhance the future profit target at India’s most valuable company.
The recent rally of global crude oil prices may have made India’s downstream players jittery but stronger crude prices are expected to improve the economics of Mukesh Ambani-led Reliance Industries’ petrochemical projects, according to Mumbai-based brokerage and financial service firm Edelweiss.
Reliance Industries is likely to see a big cash-flow boost as projects of over USD 40 billion start to deliver in full swing this fiscal while capex falls, international brokerage house CLSA said today.
Investors in shares of Reliance Industries cheered the commissioning of the world’s largest refinery off-gas cracker complex at Jamnagar. The stock was higher by around 2 percent intraday
India’s Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels.
India has recorded 45 per cent jump in the number of petrol pumps in the last six years, possibly the highest growth rate in the world, as public and private sector firms jostled to capture retailing sites.
Some of the recent strategic steps that India’s Reliance Industries has taken in its oil and gas business speaks volumes about its long-term vision
Reliance Industries on Tuesday said it has raised $800 million by selling 10-year bonds – the first offering since Moody’s raised India’s sovereign rating.