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Reliance Industries (RIL) gained 3% to Rs 1,411 on BSE in intra-day trade in an otherwise range-bound market after the company on Thursday announced commissioning of the second and final phase of paraxylene project at Jamnagar in Gujarat.

"With the commissioning of this plant, RIL's PX capacity will be more than double. Reliance will emerge as the world's second largest producer of PX with about 11% of global production," the company said in a statement.


 
Reliance Industries Ltd has commissioned world’s largest and most complex ethane project, including commissioning of its ethane receipt & handling facilities and ethane cracking, at its Dahej facility in Gujarat in a world record time of less than three years.

Reliance is the first company to globally conceptualise large-scale imports of ethane from North America as feedstock for its cracker portfolio in India. The project involved seamless integration of several elements across a complex infrastructure value chain.


 
NEW DELHI: Reliance Industries, second most valuable company in India, has introduced a 12-week paid leave for 'commissioning' mothers who use surrogates to bear a child, as it adopted provisions of the new maternity law.

"With effect from April 1, 2017 there will be extension of maternity leave to 26 weeks (182 calendar days), from 180 days, for regular employees," RIL HR department said in a notice to company employees.


 
Over 72 million subscribers have enrolled for Jio’s Prime offering so far, well above our and market expectations. Yet, Reliance extended its free service under Prime by a quarter pushing back monetisation yet again.

We revise our fair value for Reliance to reflect higher value for Jio given the better initial response – however, the stock price is already implying an enterprise value (EV) of $28 billion+, not adequately discounting the risks in our view.


 
Reliance Industries (RIL) gained nearly 5% to Rs 1,380, its fresh 9-year high on the BSE in intra-day trade, after Reliance Jio Infocomm (Jio), a subsidiary of RIL, on Friday said it had notched an unprecedented 72 million paid subscribers, and extended by a fortnight its deadline for migrating other subscribers to its paid offer.

“In just one month, over 72 million (and still counting!) Jio customers have signed up for JIO PRIME, making it one of the most successful customer privilege programmes anywhere in the world,” RIL said in a press release.


 
We think RIL’s recent rally (last 2M, RIL up 23% vs. Sensex 6%), after positive news flow on Jio (100 million plus subs; monetisation from April 1; attractive offerings), was driven by the Street’s overall under-ownership of the stock. Despite the recent outperformance, RIL has unperformed the Sensex by 40% since Jan-2008 (after the last bull-run). This was driven by a long (and large) capex phase, delayed monetisation (particularly Jio), and a sharp decline in E&P fortunes.

 
Reliance Industries shares surged in afternoon trade today, rising to an almost nine-year high, ahead of the start of paid telecom services by the company and release of the data on the number of ‘Prime’ subscribers on its Jio telecom service network. The shares of India’s second-largest company by market cap were trading at Rs 1,326.1 on BSE, up by a whopping 4.5% on Friday afternoon.

Reliance Industries shares are on a sustained rise on the prospects of cash flows from its telecom business, which has seen heavy investments so far.


 
Thanks to aggressive acquisition of oil assets abroad, government-owned BPCL and ONGC are set to overtake Reliance Industries in overseas fundraising in 2016-17. Reliance was the topper among corporate India in raising funds during the past five years.

The change in the league tables comes against a backdrop of a slowdown in fundraising by Indian corporates during the year. Overseas fundraising by Indian companies slowed to $19.02 billion in 2016-17 from $21.06 billion in 2015-16.


 
Securities and Exchange Board of India (Sebi) on Friday delivered its verdict in the decade-old unlawful gains case involving the country’s second-biggest company, Reliance Industries. The capital market regulator has directed the Mukesh Ambani-led company to disgorge (give up) Rs 447 crore, with interest of 12 per cent per annum since November 2007, it made “illegally”.

Besides the high interest levied, the only punitive action is a one-year ban from dealing in the futures and options (F&O) segment by the company. So has the company gotten away lightly?


 
The Securities and Exchange Board of India (Sebi) on Friday directed Mukesh Ambani’s Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore, made “unlawfully” by dealing in shares of its erstwhile subsidiary, Reliance Petroleum (RPL).

The markets regulator also barred RIL from the futures and options (F&O) segment for a year and asked it to settle all existing open positions. It will also have to pay 12 per cent interest on the disgorgement amount since November 29, 2007.


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