RELIANCE.NS - Reliance Industries Limited

NSE - NSE Real Time Price. Currency in INR
1,532.35
-48.65 (-3.08%)
At close: 3:29PM IST
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Previous close1,581.00
Open1,609.00
Bid0.00 x 0
Ask0.00 x 0
Day's range1,526.40 - 1,609.00
52-week range1,095.30 - 1,617.55
Volume14,873,312
Avg. volume7,737,838
Market cap9.714T
Beta (5Y monthly)0.69
PE ratio (TTM)21.54
EPS (TTM)71.15
Earnings dateN/A
Forward dividend & yield6.50 (0.42%)
Ex-dividend date02-Aug-2019
1y target est1,268.86
  • Billionaire Ambani's Reliance posts record profit on consumer strength
    Reuters

    Billionaire Ambani's Reliance posts record profit on consumer strength

    MUMBAI/BENGALURU (Reuters) - Indian oil-to-telecoms conglomerate Reliance Industries Ltd posted another record quarterly profit on Friday, as double-digit growth at its consumer-facing businesses cushioned weakness in its energy divisions. Revenue at its retail and telecoms units each jumped more than 25% in the December quarter as the company, headed by Asia's richest man, Mukesh Ambani, invests heavily to bring them on par with its dominant petrochemicals and refining businesses. "We saw consistent same-store sales growth and record footfall across our stores," Ambani said in a statement, with the remarks coming when growth in Asia's third-largest economy has slowed to multi-year lows.

  • Reliance calls government move to enforce arbitration payment 'premature'
    Reuters

    Reliance calls government move to enforce arbitration payment 'premature'

    India's biggest company Reliance Industries Ltd has called a government move to try and force the refinery-to-telecoms behemoth to pay dues from an offshore oil and gas field "premature" with an arbitration process still underway. The government and Reliance, along with partner Royal Dutch Shell Plc, are locked in a battle over the Panna-Mukta and Tapti offshore oil and gas field to the west of the country, with the government claiming it is owed revenue from the operators of the block. On Saturday, local daily the Times of India, citing an affidavit filed in the Delhi High Court, reported that the government in September sought to block the sale of a 20% stake in Reliance's refinery and petrochemicals business to oil giant Saudi Aramco unless Reliance makes the payments from the offshore field.

  • Reliance denies report of talks to sell news assets to Times Group
    Reuters

    Reliance denies report of talks to sell news assets to Times Group

    India's Reliance Industries Ltd, controlled by Asia's richest man Mukesh Ambani, on Thursday denied a Bloomberg report that it was in talks to sell its news assets to local media conglomerate Times Group. Bloomberg, citing unnamed sources, reported https://www.bloomberg.com/news/articles/2019-11-28/ambani-said-in-talks-to-sell-news-assets-to-india-s-times-group earlier on Thursday that Bennett Coleman & Co, also known as the Times Group, was looking to hire advisers to run due diligence on the news properties of Reliance's Network 18 Media and Investments Ltd.

  • Reliance's Jio criticises telecom lobby warnings on sector health
    Reuters

    Reliance's Jio criticises telecom lobby warnings on sector health

    Jio Infocomm, the telecoms arm of Reliance Industries' , criticised on Thursday the industry lobby's push for the Indian government to intervene after a court ruling left rivals Bharti Airtel and Vodafone Idea facing billions of dollars in costs. India's Supreme Court last week upheld a demand by the Indian Department of Telecommunications (DoT) that wireless carriers pay nearly $13 billion in overdue levies and interest. After the court ruling the Cellular Operators Association of India (COAI) wrote to Telecommunications Minister Ravi Shankar Prasad on Oct. 29 to warn of an "unprecedented crisis" in the industry if the fines are imposed.

  • Indian lobby group warns of telecoms catastrophe, Reliance disagrees
    Reuters

    Indian lobby group warns of telecoms catastrophe, Reliance disagrees

    India's telecoms sector and leading players Bharti Airtel and Vodafone Idea will face an "unprecedented crisis" if the government refuses to relax its demand for $13 billion in outstanding dues, a lobby group says. Bharti and Vodafone Idea have been spooked by the Indian Supreme Court's decision last week to uphold a government demand that will force the companies to pay the bulk of 920 billion rupees ($13 billion) in overdue levies and interest. The Cellular Operators Association of India (COAI) lobby group has joined the fray, seeking the intervention of India's telecoms minister in a letter dated Oct. 29, arguing that such payments will lead to a crisis at the companies and cause distress for the sector as a whole.

  • Reliance to create $15 billion digital unit to pare telecom debt
    Reuters

    Reliance to create $15 billion digital unit to pare telecom debt

    India's Reliance Industries Ltd on Friday said it would invest nearly $15 billion to create a digital services company as it seeks to cut debt at its telecom venture, potentially making way for the entry of a strategic investor. Controlled by billionaire Mukesh Ambani, Reliance's debt burden has risen significantly since its telecoms unit Jio Infocomm entered India's crowded mobile market in late 2016 offering free voice calls and cut-price data to build a massive consumer base. The price war unleashed by Jio forced rivals to consolidate, driving companies such as Reliance Communications, controlled by Ambani's younger brother, and Aircel out of business.

  • Reliance reaps record profit from consumer-facing growth
    Reuters

    Reliance reaps record profit from consumer-facing growth

    Indian oil-to-telecoms conglomerate Reliance Industries said strong growth in its consumer-facing businesses lifted second quarter net profit by 18.3% year-on-year to a record total. Consolidated net profit rose to 112.62 billion Indian rupees ($1.58 billion) in the three months ended Sept. 30, the country's largest company by market value said on Friday. Analysts on average had expected a profit of 111.71 billion rupees, according to Refinitiv data.

  • Reuters

    Exclusive: India's Nayara supplying fuel to Rosneft in exchange for Venezuelan oil - sources

    NEW DELHI/MEXICO CITY (Reuters) - India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating U.S. sanctions, three sources with knowledge of the transactions said. The United States in January prohibited U.S.-dollar transactions for oil sales from Venezuela's PDVSA or its units, a measure intended to cut off cash flows and increase pressure on President Nicolas Maduro, whose 2018 re-election has been dismissed as a sham by Washington. The sanctions have made some banks wary of processing any transaction for Venezuelan oil, even if the seller is not the state-run company.

  • Exclusive: Reliance to resume Venezuela oil loadings after four-month pause
    Reuters

    Exclusive: Reliance to resume Venezuela oil loadings after four-month pause

    MEXICO CITY/MUMBAI (Reuters) - Indian refiner Reliance Industries Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA seen by Reuters, a move that could help Venezuela's state-run company drain its large oil inventories. The United States in January imposed the toughest sanctions yet on Venezuela's oil industry, depriving the OPEC-member nation of the main destination for its crude exports. In August, Washington escalated sanctions further by threatening non-U.S. companies with punitive action if they "materially assist" Venezuelan President Nicolas Maduro's government.

  • Reliance Jio does U-turn on call charges
    Reuters

    Reliance Jio does U-turn on call charges

    India's Reliance Industries Ltd's telecom arm Jio said on Wednesday it will charge its customers for voice calls made through its network to other operators as it racks up fees to rivals. The move goes back on a promise Jio made in 2016 to keep all voice calls free. Operators such as Jio have to pay fees when calls are made from one network to another, to cover the use of a rival's network.

  • Aramco to supply agreed volumes, grades to Reliance in October
    Reuters

    Aramco to supply agreed volumes, grades to Reliance in October

    Saudi Aramco will supply agreed grades and volumes to India's Reliance Industries in October after the world's top oil exporter had to provide alternate heavier grader due to drone attacks on its oil installations, a spokesperson at the Indian company said on Monday. The Sept. 14 drone and missile attacks on two giant facilities that process mainly light crude knocked down about 5.7 million barrels per day, more than half of the production of the world's top oil exporter, forcing the Kingdom to supply heavier grade instead of light oil to some refiners. "Aramco (has) confirmed and reassured that supplies for October will be maintained both in terms of quantity and mix of grades as per our requirement," said the spokesperson.