Everything on ‘Mukesh Ambani’
Latest JV between RIL and SiburSeeks to Develop Butyl Rubber Production in India
Mukesh Ambani-led Reliance Industries Limited (RIL), an oil-to-retail conglomerate, has joined forces with Russia and East Europe’s largest petrochemicals company Sibur to facilitate development of butyl rubber production in India. The joint venture (JV) between both petrochemicals giant has been titled ‘Reliance Sibur Elastomers Private Limited’ and will work towards producing 100,000 tonnes of butyl [...]
Reliance–BP deal wins Euromoney Deals of the year 2011 award
The eventual realization of the deal between Mukesh Ambani-owned Reliance Industries Limited (RIL) and Robert Dudley-led London based energy giant BP Plc. was recently acknowledged by the UK based business and finance publication Euromoney as one of the winners of Euromoney Deals of the year 2011 award. The $9 billion deal, which caught global attention [...]
Reliance ropes in Ex-BP head Tony Fountain to head its refinery division
Mukesh Ambani-led conglomerate Reliance Industries Limited (RIL), India’s largest private sector company and second largest in terms of market valuation, has roped in a leading British national to head its refinery division. The world’s largest refining complex run by Reliance Industries will now be headed by Tony Fountain, ex-chief executive of the Britain’s Nuclear Decommissioning [...]
RIL’s Defence Aviation Plan ‘Takes Off into the Indian Skies’
On the backdrop of the multibillion dollar deal between the IAF(Indian Air Force)& French aviation conglomerate Dassault Group for the purchase of 126 Rafale jets, the Indian defense sector woke upto a one more stirring news on Sunday. After securing the title of “Preferred Bidder” for the purchase of 126 Medium Multi-Role Combat Aircraft (MMRCA), [...]
RIL acquires US $400 million loan for ambitious petrochemicals project
Taking one more step towards realizing its global ambitions, Mukesh Ambani-led Reliance Industries Limited (RIL) has cited plans for expanding its Jamnagar facility so as to double its petrochemicals production within the coming years. The Jamnagar phase three expansion project, popularly called as the J-3 mega petrochemicals project, is the latest of the ambitious plans [...]
Dhirubhai Ambani memorial to open to public from Feb 3rd onwards
The Dhirubhai Ambani memorial, instituted in the name of the founder and ex-chairman of Reliance Industries Limited (RIL) Dhirubhai Ambani, will be opened to public from February 3rd onwards. Located in the small town of Chorwad in Junagadh district of Gujarat, the memorial, which was inaugurated by the Ambani clan and members belonging to the [...]
RIL’s Long-term Credit Rating Unaffected : Standard’s & Poor
Standard & Poor (S&P), a US based financial service company recently released a statement remarking that the long term corporate credit rating on Mukesh Ambani-led Reliance Industries Limited (RIL; BBB/Positive/–) has remained unaffected despite the company’s recent plans to buy back its equity shares. If anything, Reliance Industries ambitious plan to buy back its shares [...]
Reliance Industries gears up for its biggest ever share buyout
Mukesh Ambani led Reliance Industries Limited (RIL) is all set to announce one of its biggest every share buyout programs, which could possibly become one of the biggest such programs in the Indian corporate history. This move to buy back shares comes at a time when RIL is looking to boost its share price which [...]
Reliance Industries paving way to build strong homeland security solutions
Mukesh Ambani led Reliance Industries Limited (RIL) is making headway in its efforts towards building strong homeland security solutions in India. The energy-to-retail conglomerate is presently in talks with major American defense contractor – Raytheon – to form a joint venture which will look at opportunities for developing homeland security solutions in India and abroad. [...]
Reliance family unveils Dhirubhai Ambani memorial on his birth anniversary
December 28th is an important date for Reliance as it is for India Inc. It marks the birth of one of India’s greatest business leaders, visionaries, opportunist and an entrepreneur – Dhirubhai Hirachand Ambani. In fact, this data is very lucky for India from an economic point-of-view as 2 of the country’s greatest industry leaders [...]
