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RIL closes KG-D6 oilfield
Posted on 22nd September 2018
Reliance Industries has permanently shut down its only oilfield (MA field) in the KG-D6 block on the back of dwindling output from the reserve. This was the company’s first foray into oil and gas exploration that began in September 2008 when the field started producing oil.

“The MA (D26) field in Block KG-DWN-98/3 (KGD6), which is being operated by RIL as an operator of the joint venture consisting of RIL (60 per cent), BP (30 per cent) and Niko (10 per cent)

RIL plans to set up Reliance Jio Hubs in smaller towns
Posted on 19th September 2018
New Delhi: India’s richest man Mukesh Ambani plans to build Reliance Jio Hubs, a one-stop shop for all consumer items sold by Reliance Industries Ltd and its units ranging from electronics to groceries, to provide people living in small towns their first mall-like shopping experience. The aim is to leverage the strengths of units Reliance Retail Ltd’s physical stores and Reliance Jio Infocomm Ltd’s digital infrastructure to boost sales in smaller towns, which have largely been untouched by modern retail and online shopping.

Mukesh Ambani’s RIL best performer in Sensex stocks; here is how much it has gained since Jio launch
Posted on 6th September 2018
Reliance Industries Ltd.’s recent gains are helping one of India’s most-valuable companies catch up with the benchmark index, which it had trailed for much of the past decade. The company’s shares have surged 135 percent since it launched telecom services in 2016, nearly four times the advance in the S&P BSE Sensex, making it the best performer in the 30-stock index. It has climbed 26 percent so far this quarter.

Adani group, Reliance Industries, Tata lead race to buy bankrupt firms
Posted on 29th August 2018
Better credit metrics and a zero default track record with banks is helping large conglomerates, led by Adani group, Mukesh Ambani’s Reliance Industries (RIL), and Tata group, snap up bankrupt companies. They are fast emerging winners under the Insolvency and Bankruptcy Code (IBC), 2016. The Sajjan Jindal-owned JSW Group is also in the race to buy stressed assets, but so far it has had limited success.

Reliance Industries hits record high after raising stake in Genesis Colors
Posted on 27th August 2018
RIL share price: Shares of billionaire Mukesh Ambani-led Reliance Industries rose over 1% in morning deals on Monday after the company raised its stake in Genesis Colors Ltd by over 3%. Reliance Industries share price edged higher by 1.12% to a new 52-week high of Rs 1,291.80 on the National Stock Exchange. On the BSE, the company’s share price went up by 1.08% to hit a fresh record high of Rs 1,291.85 per share.

RIL first Indian firm to hit Rs 8 trillion market cap, TCS not far behind
Posted on 24th August 2018

Reliance Industries (RIL) on Thursday became the first Indian company to cross Rs 8 trillion in market capitalisation. The stock gained 1.9 per cent to close at Rs 1,270, valuing the Mukesh Ambani-led firm at Rs 8.05 trillion ($115 billion at current exchange rate of Rs 70.11 for a dollar).

Shares of RIL have rallied 34 per cent from their recent low of Rs 945 on June 28 amid big-bang announcements during its annual general meeting (AGM) in early July. During the same period, the benchmark BSE Sensex gained 9.5 per cent.

RIL will produce 10% of India's total gas demand from KG basin by 2022: BP
Posted on 14th August 2018
BP Plc and its partner Reliance Industries will produce at least 10 per cent of India's total gas demand from the Krishna Godavari (KG) basin by 2022, said Sashi Mukundan, the company’s region president and India head.

Experts highlight that this has the potential to revive the ailing fertiliser segment in the country by competing with the re-gasified liquid natural gas (RLNG), as the difference between RLNG and domestic deepwater gas would be at least 25-30 per cent by then.

Reliance Industries hits new high; soars 37% thus far in FY19
Posted on 8th August 2018
Shares of Reliance Industries (RIL) hit a new high of Rs 1,208 per share, up 2% on the BSE on Wednesday, surpassing its previous high of Rs 1,203 recorded on August 1, 2018 in intra-day trade.

Thus far in the current financial year 2018-19 (FY19), RIL has outperformed the market by surging 37% from Rs 883 on March 28, 2018.

RIL finds it tough to get share in ATF supply JV
Posted on 7th August 2018
In what could hit Reliance Industries’ (RIL) aviation turbine fuel business, Airports Authority of India (AAI) and national oil marketing companies (OMCs) have refused to allow the private firm to become a shareholder in a proposed joint venture (JV) which seeks to set up common infrastructure to supply ATF across all major airports operated by the state-owned authority.

Govt to move HC against tribunal order on RIL gas dispute: Pradhan
Posted on 4th August 2018
Petroleum minister Dharmendra Pradhan said on Friday that the government will appeal at the High Court against an order by an international tribunal favouring Reliance Industries in the controversial gas migration dispute.

“The government will certainly file an appeal against the arbitration award in the higher forum. It will be in the High Court,” Pradhan told the media on the sidelines of a Confederation of Indian Industry (CII) in Delhi.

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