Reliance Industries is investing in setting up India’s first carbon fiber manufacturing unit to cater to aerospace and defence needs, the company said in its annual report.
Reliance Industries (RIL) has sought shareholder approval to raise up to Rs 20,000 crore through a non-convertible debenture (NCD) issue in 2018-19, according to its annual report for FY18.
India’s Reliance Industries is aiming to raise the level of its profits from consumer-facing businesses such as retail and telecoms to that of its core energy operations, the company said in its annual report on Thursday.
India’s Reliance Industries Ltd, owner of the world’s biggest refining complex, plans to halt oil imports from Iran, two sources familiar with the matter said, in a sign that new U.S. sanctions are forcing buyers to shun oil purchases from Tehran.
India’s Reliance Industries Ltd, owner of the world’s biggest refining complex, is planning to halt oil imports from Iran, two sources familiar with the matter said, in a first sign that new US sanctions are forcing buyers to shun oil purchases from Tehran.
India Inc’s aggregate report card for the March 2018 quarter so far shows multi-period growth in sales, operating and net profit. But this cannot be considered as an indicator of overall growth at the end of the results season since it is largely driven by companies in the information technology (IT) and oil and gas (mainly Reliance Industries) sectors.
India’s refining capacity rose 5.8 per cent last financial year to 247.6 Million Tonne Per Annum (MMTPA) mainly on the back of capacity expansion at Jamnagar refinery operated by Reliance Industries (RIL) in Gujarat and Kochi refinery operated by Bharat Petroleum (BPCL).
Reliance Industries (RIL) on Friday reported Rs 9,435 crore consolidated profit for the March quarter, its second-highest quarterly profit.
Shares of Reliance Industries (RIL) climbed nearly 3 per cent to hit fresh 52-week high in Friday’s trade ahead of its March quarterly results, slated for release later in the day.
Reliance Industries, the country’s second-most valuable company, is being seen as the next likely candidate from India for the $100-billion market-cap club after Tata Consultancy Services.