Petronet LNG Ltd, India’s biggest importer of liquid gas, is in talks to buy 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) almost- complete Rs 4,500-crore Mundra LNG import terminal in Gujarat.
Reliance Industries (RIL) was up 1.9% at Rs 1,415, trading higher for the fourth straight trading sessions on the BSE.
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, putting the spotlight back on the Krishna-Godavari Basin block that once seemed to be fading in the priorities of India’s richest man.
Reliance Industries said it commissioned its third and last crystallization train at its paraxylene complex at Jamnagar, making the company the biggest manufacturer of the key ingredient used in plastic production.
Mukesh Ambani-led Reliance Industries (RIL) is the highest ranked Indian firm in Forbes magazine’s ‘Global 2000’ list this year which sees the number of Indian companies in 2017 rising to 58 from last year’s 56.
Reliance Industries (RIL) was up 3.5% to Rs 1,465, also its fresh 52-week high on BSE in early morning trade, after the company reported 12.3% year on year (Y-o-Y) growth
Mukesh Ambani-led Reliance Industries on Friday regained its status as India’s most valued firm by market capitalisation, overtaking Tata Group’s crown jewel TCS
Billionaire Mukesh Ambani-owned Reliance Industries Ltd will start selling coal-bed methane from its central India block next month after the government allowed producers freedom to set prices, people with knowledge of the matter said.
Come May 1, five cities across India — one in every region including Chandigarh in Northern region, Jamshedpur in Eastern region, Udaipur in West and Vizag in Southern region besides Puducherry will start selling petrol and diesel on a daily dynamic pricing model.
Shares of Reliance Industries rallied for a fifth straight trading session on Wednesday to hit the Rs 1,400 mark for the first time since May 2008.
