Everything on ‘Reliance Industries’
Sensex, Nifty close off day's high, rupee near record low
The BSE Sensex and NSE Nifty closed flat on Monday after shedding all gains in late trade due to sharp fall in rupee and erasing somewhat gains by European markets. SBI, Reliance Industries, L&T and ICICI Bank helped market closed marginally higher while the fall in ITC, Infosys, HDFC Bank and ONGC limited the upside. [...]
RIL seeks USD 1 bn loan to fund expansion
New Delhi: Reliance Industries is seeking a loan of about USD 1 billion to fund its petrochemicals and telecom expansion. RIL has approached banks for the five-year loan, sources privy to the development said.A company spokesperson did not immediately offer any comment. RIL has lined up a USD 12 billion expansion of its petrochemical business, [...]
Reliance Industries not so bullish on its Shale Gas business: Report
MUMBAI: Reliance Industries’ shale gas business is going great guns, notes the company in its annual report for FY12 published today. Its production jumped 7-fold within one year, but problems such as low gas prices, high costs and infrastructure constraints to overcome. The company’s joint ventures will have to look for more liquid rich gas [...]
Government patronises Reliance Industries, alleges CPI-M
NEW DELHI: Accusing the government of “patronising” Reliance Industries, CPI-M today said the firm’s demand for hike in price of natural gas produced from KG-D6 fields should be rejected as “deliberate under-production” has cost Rs 1 lakh crore loss to the exchequer. Raising the issue in Rajya Sabha during Zero Hour, Tapan Kumar Sen of [...]
Lanco says power plant to shut down if gas supplies dwindle
New Delhi: Sounding a warning bell, private power producer Lanco has told the government that any further reduction in natural gas supplies from Reliance Industries’ KG-D6 gas fields would lead to shutting down of power plants. With KG-D6 field output dropping from 61.5 million cubic meters per day to 32.66 mmscmd over two years, the [...]
PMO support to RIL's gas price revision baffles analysts
The price revision could benefit RIL by $8 billion Even as the Prime Minister’s Office (PMO) strongly bats for the demand by Mukesh Ambani- owned Reliance Industries Limited (RIL) for revision of KG-D6 gas prices, the Petroleum Ministry and the Association of Power Producers (APP) have strongly opposed the move before the scheduled 2014 deadline. [...]
Phillips 66's E-Gas(TM) Technology Selected for Reliance Industries …
HOUSTON, May 21, 2012 (BUSINESS WIRE) — Phillips 66 /quotes/zigman/9483013/quotes/nls/psx PSX 0.00% today announced that Reliance Industries Limited, India’s largest private sector enterprise, has selected Phillips 66′s E-Gas(TM) Technology for its planned gasification plants at Jamnagar. Reliance’s Jamnagar site is the largest refining complex in the world, with an aggregate refining capacity of 1.3 million [...]
Eaton to Acquire Cooper Industries to Form Premier Global Power Management Company
CLEVELAND & DUBLIN, May 21, 2012 (BUSINESS WIRE) — –Cooper Shareholders to Receive $39.15 Per Share in Cash and 0.77479 in Ordinary Shares, for 29% Premium; Transaction Equity Value of $11.8 Billion –Transaction Expected to Be Accretive to EPS in 2014 Diversified industrial manufacturer Eaton Corporation /quotes/zigman/225557/quotes/nls/etn ETN +0.61% (“Eaton”) and electrical equipment supplier Cooper [...]
Indian Shares End Modestly Higher
5/21/2012 7:19 AM ET (RTTNews) – Indian shares erased most of their early gains on Monday, as a weakening rupee, which was moving towards its record low of 54.89 against the dollar, and the slashing of India’s 2012 economic growth forecast to 6.3 percent from the earlier 6.9 percent by Morgan Stanley gave way to [...]
Power plant to shut down if gas supplies dwindle: Lanco
NEW DELHI: Sounding a warning bell, private power producer Lanco has told the government that any further reduction in natural gas supplies from Reliance Industries’ KG-D6 gas fields would lead to shutting down of power plants. With KG-D6 field output dropping from 61.5 million cubic meters per day to 32.66 mmcmd over two years, the [...]
