|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||920.00 - 930.75|
|52-week range||589.60 - 990.00|
|PE ratio (TTM)||15.77|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Lucknow, Feb 21 (IANS) Reliance Jio will invest another Rs 10,000 crore in Uttar Pradesh over the next three years, Reliance Industries Limited Chairman Mukesh Ambani said here on Wednesday. "Today I am happy to inform this audience that Jio is one of the largest investors in Uttar Pradesh with investments of over Rs 20,000 crore. Jio is providing the highest quality data at the lowest price in the world to over 2 crore citizens of Uttar Pradesh," Ambani said while addressing the Uttar Pradesh Investors' Summit 2018.
Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in Maharashtra, the company's chairman Mukesh Ambani said. More than 20 global firms including Cisco, Siemens, Corning Inc., HP, Dell, Nokia and Nvidia had agreed to invest in the project with Reliance, India's largest listed company by market value, he said. "When we contacted globally reputed technology companies to participate in this initiative, we received an instant and enthusiastic response," Ambani said.
Mumbai, Feb 9 (IANS) Reliance Industries (RIL) on Friday said it has been awarded the Golden Peacock Award 2017 for corporate social responsibility (CSR) initiatives. In a statement here, RIL said that the award was a recognition, in particular, of the work done by its CSR arm Reliance Foundation under Founder and Chairman Nita Ambani. "Reliance Foundation has touched the lives of over 15 million people across India covering more than 13,500 villages and 74 urban locations," it said.
Refiners in India, the world's third-biggest oil consumer and importer, have drawn up plans to raise their capacity by 77 percent to about 8.8 million barrels per day (bpd) by 2030 to meet the country's rising fuel demand. India's refining expansion plan will ensure the nation's surplus production of diesel and gasoline will last till 2035, according to a report prepared and released by the Ministry of Petroleum and Natural Gas. India is emerging as one of the key global drivers for refined fuels consumption as its economic expansion and rising industrial activity yields infrastructure improvements and increased energy access for commercial and retail consumers.
Mumbai, Feb 5 (IANS) Reliance Industries (RIL) on Monday announced the appointment of Vinod Tahiliani as CEO of its joint venture firm with BP -- India Gas Solutions -- (IGS). IGS, is a 50:50 joint venture ...
Guwahati, Feb 3 (IANS) Reliance Industries Chairman Mukesh Ambani said on Saturday that the company will invest Rs 2500 crore in Assam in the retail, petroleum, telecom, tourism and sports sectors creating job opportunities for at least 80,000 people. Addressing the Global Investment Summit which opened here on Saturday, Ambani added that while the company will enhance the network of Reliance Jio telecom to at least 150 Tehsils of the state in the next three years, the company would also create 100,000 livelihood opportunities for the people of Assam. He said that Assam is a category 'A' state for Reliance and that Reliance Jio already has 30 lakh satisfied customers in Assam.
Mumbai, Jan 23 (IANS) Reliance Industries Limited (RIL) on Tuesday said that the World Economic Forum (WEF) has partnered with the company to established a Center for Fourth Industrial Revolution (C4IR) in Mumbai. "The World Economic Forum today announced establishing a new center in Mumbai... This is being set-up in partnership with the Government of India and Reliance Industries Limited," the company said in a release.
MUMBAI/BENGALURU (Reuters) - Reliance Industries Ltd expects its earnings to increase further in the coming quarters after they hit a record in the third quarter, helped by the first-ever profit at its Jio telecoms business. Reliance Jio Infocomm Ltd, in which the conglomerate has invested more than $30 billion, reported its first quarterly profit of 5.04 billion rupees ($78.97 million). Reliance, India's largest listed company by market value, said its consolidated net profit rose about 25 percent in the quarter from a year earlier to a record 94.23 billion rupees.
Mumbai, Jan 19 (IANS) Industrialist Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported an increase of 23 per cent in revenues earned from its refining and marketing segment during the third ...
Mumbai, Jan 19 (IANS) Reliance Jio, subsidiary of Reliance Industries Limited (RIL) posted net profit of Rs 504 crore for the third quarter of the current fiscal, a company statement said here on Friday. Operational revenue for the third quarter was Rs 6879 crore.
Mumbai, Jan 19 (IANS) Reliance Industries Limited (RIL)'s standalone net profit went up by 5.4 per cent to Rs 8,454 crore for the third quarter of the current fiscal, a company statement said here on Friday. ...
Moody’s Investors Service estimates Jio, the mobile carrier run by India’s richest man, may invest as much as $23 billion on capital spending over three to four years as it expands beyond wireless services....
Isle of Man/New Delhi, Jan 17 (IANS) Eros International Plc on Wednesday said Eros Now, its digital over-the-top (OTT) platform, and Reliance Industries Limited have renewed their platform integration partnership. The company in a statement said under the terms of the new deal, the Eros Now service will be available to Jio subscribers. Reliance Jio Infocomm Limited, a leading provider of digital services in India, is a subsidiary of Reliance.
India's Reliance Industries has declared a 30 percent increase in the installed capacity of its export-focused oil refinery, a government report showed, increasing the size of the world's largest refinery complex. India's Petroleum Planning & Analysis Cell (PPAC) in its October report showed 35.2 million tonnes a year as the installed capacity of Reliance's refinery in the special economic zone (SEZ) at Jamnagar, in northwest India.
Mumbai, Jan 3 (IANS) Retaining its "buy" recommendation on the Reliance Industries (RIL) stock, global brokerage firm CLSA on Wednesday said RIL is likely to turn cash flow-positive this fiscal by reaping benefits of its downstream expansion and expects the company to monetise its Jio telecom network. During 2017-18, the Mukesh Ambani-led RIL was expected to end a four-year run of negative cash flows and report a consolidated free cash flow of nearly $1 billion, according to the Hong Kong-headquartered CLSA. "This year will see a big cash-flow boost as projects of over $40 billion start to deliver in full swing while capex falls.
Mumbai, Jan 2 (IANS) Reliance Industries Limited (RIL) has successfully commissioned its refinery off-gas cracker (ROGC) complex of 1.5 million tonnes per annum (MTPA) capacity along with downstream plants and utilities, the company announced here on Tuesday. It said the ROGC complex is a core component of RIL's most innovative and world-scale J3 project at its integrated Refinery-Petrochemicals complex at Jamnagar. "The world's first ROGC and downstream plants marks a paradigm shift in the profitability and sustainability of RIL's petrochemicals business.
Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm for nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday. The two companies had announced late on Thursday that Reliance Communications, backed by businessman Anil Ambani, would sell all its spectrum, tower, fibre optic and other telecom infrastructure assets to Jio, which is owned by Reliance Industries and is controlled by Anil Ambani's elder brother Mukesh Ambani, India's richest person.
Anil Ambani's debt-laden Reliance Communications Ltd has signed an agreement to sell its wireless assets to Reliance Jio Infocomm Ltd, the telecoms arm of elder brother and billionaire Mukesh Ambani's oil conglomerate Reliance Industries Ltd, both the companies said in separate statements on Thursday. The sale comprises of all spectrum, tower, fibre optic and other telecom infrastructure assets of Reliance Communications and is subject to government and other regulatory approvals, the statements said. The sale marks the return of the telecom company back to the fold of Reliance Industries, which forayed into telecoms in 2002, spearheaded by elder Ambani, under the name of Reliance Infocomm Ltd.
New Delhi, Dec 28 (IANS) Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries Limited, on Thursday announced signing of a "definitive agreement" for the acquisition of specified assets of Reliance Communications (RCOM) and its affiliates. Consequent to the agreement, Jio or its nominees will acquire assets under four categories -- towers, optic fibre cable network, spectrum and media convergence nodes -- from RCOM and its affiliates, Jio said in a statement.
India's Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels. India is one of the world's biggest users of coal, and renewable energy such as solar power is a priority for Prime Minister Narendra Modi's government.
Navi Mumbai, Dec 23 (IANS) On Reliance Industries Ltd's 40th anniversary (1977-2017), Chairman Mukesh Ambani said the company which owed all its progress to its founder Dhirubhai Ambani has the potential to be amongst the top 20 global companies in the world. "Today, Reliance is a global leader in energy and materials, where operating safely is an obsession and with Jio and retail -- where we have established a leadership position in India -- we are customer obsessed," Ambani said during his address to employees on "Reliance family day".
Navi Mumbai, Dec 23 (IANS) On its 40th anniversary (1977-2017), Mukesh Ambani, Chairman, Reliance Industries Limited said the company owed all its progress to its founder Dhirubhai Ambani. "Reliance is the creation of the vision of one individual -- my father, and our founder, Dhirubhai," Ambani said during his address to employees on "Reliance family day".
Mumbai, Dec 22 (IANS) Reliance Industries (RIL) on Friday said that it has partnered with fashion ecommerce player Myntra to co-brand its exclusive denim collection "Mast & Harbour with R|Elan FeelFresh". According to the company, the special denim collection of "Mast & Harbour" is made from fabric using "R|Elan FeelFresh" technology that offers anti-microbial and anti-odour properties, as it is embedded with silver particles that inhibit bacterial growth. "R|Elan FeelFresh is one of our flagship products and we are seeing a lot of acceptance for this technology among the leading apparel manufacturers and brands," Gunjan Sharma, CMO - Polyester Business, RIL was quoted as saying in a statement.
India's Reliance Industries Ltd is holding internal talks about listing its telecoms unit Jio by late 2018 or early 2019, Bloomberg reported on Tuesday, citing people it did not identify. Jio has upended India's wireless market with free services initially and later through disruptive pricing since it began operations in September last year. It has added customers faster than rivals and triggered a price war in the highly competitive market.