Reliance Industries Limited (RIL) has acquired a stake in a newly incorporated company, Dreketi S.A, in Uruguay to expand marketing of its petroleum and petrochemical products.
The Delhi High Court today refrained from granting an interim stay on the probe into an FIR against RIL and others, including two former UPA ministers, for alleged irregularities in raising the price of gas from the KG-6 basin.
Citing a likely negative free cash flow situation due to heavy debt repayments over the next 18 months, global ratings agency Moody’s has lowered the credit outlook on Reliance Industries to ‘stable’ from ‘positive’ but retained the Baa2 ratings its long-term debt.
Reliance Industries has awarded a major contract for bringing to production the R-Series gas field in the flagging KG-D6 block to US engineering and construction company McDermott.
Mukesh Ambani-led Reliance Industries and its partners, BP and Niko Resources, have so far paid only $82 million to the gas pool account
Reliance Industries shares hit an all-new lifetime high on Monday and were the biggest contributor in lifting the key benchmark indices to close higher.
Reliance Industries (RIL), along with partner BP Plc, has submitted a $1.4-billion plan to produce 7 million cubic metres a day of natural gas from KG-D6 deep-sea fields in the Bay of Bengal.
Buoyed by higher margins from its core refining and petrochemical businesses, oil-to-telecoms conglomerat Reliance Industries today reported a 12.5% increase in second-quarter consolidated net profit at Rs 8,109 crore as compared with last year’s figure of Rs 7,206 crore.
Reliance Industries (RIL) hit a record high of Rs 875, up 4% on the BSE ahead of its July-September quarter (Q2FY18) results on Friday.
The government has won the award in an arbitration case against Reliance Industries (RIL), which had disputed the quantum of penalty to be paid for not finishing the promised ‘work programme’ in four oil blocks, according to sources familiar with the matter.