Reliance Industries, operator of the world’s largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter.
India Inc is planning a huge energy reset, as the heavyweight companies including Reliance Industries, Hero Motocorp, and Adani are readying plans to enter battery manufacturing and battery pack assembly with investments running into several billion dollars over the next decade or so, according to a new report in factordaily.com.
State-run gas utility GAIL is betting big on swap deals to keep the cost of liquid gas, imported under contracts signed during times of high global prices, competitive in the Indian market.
Reliance Industries has acquired Gujarat-based Kemrock Industries & Exports after the latter’s lenders put up the company and its assets up on the block, the Mukesh Ambani-led conglomerate said in a statement.
Royal Dutch Shell today said it plans to scale up number of petrol pumps in the country to 1,500 in next 10 years as the company looks to expand in world’s third largest oil consuming nation.
The oil & gas sector remained a bright spot in an otherwise subdued quarter for the overall market, reporting 3% y-o-y PAT growth (ex-OMCs) versus 4% decline for NIFTY.
Reliance Industries Ltd’s annual naphtha exports will rise by 500,000 tonnes this fiscal year as it switches to ethane at its petrochemical projects, a company executive said.
Reliance Industries’s first of its kind ethane import project is expected to add $300 million as operating profit for the petrochemicals business, officials told reporters in a media briefing on Wednesday.
Reliance Industries Ltd, owned by Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc.
Reliance Industries Ltd. plans to refinance a significant portion of about $12 billion of borrowings that mature over the next three years and may sell bonds to repay the debt, according to company executives with knowledge of the matter.
