Everything on ‘ril’
RIL lands $2bln loan from 9 German banks backed by Euler Holmes
The petrochemical expansion project of RIL (Reliance Industries Limited) at Jamnagar, Dahej, Silvassa and Hazira earned its wings with nine German banks offering a loan of $ 2 billion. Euler Hermes Duestchland AG covered this long-term loan on 7th May, 2012 at Berlin in Germany. The primary aim of this Reliance Industries German loan will [...]
Reliance Retail to pull in fresh investment from RIL after a year
Reliance Industries Limited (RIL), the largest private sector in the country has always catered to expanding its realm of activities. Its investment in the Reliance Digital segment last year providesmomentum to its objective of expansion and innovation, manifestingits long- sightednessapproach towards its business. RIL infused Rs. 5,027 crorein Reliance Retail Ltd in fiscal year 2012, [...]
Reliance looks at expansion,to strengthen its petrochemical and polymer sector
Reliance Industries Limited (RIL), the pioneer in petrochemical industry shall further resume new major projects over the span of 4-5 years. While these huge projectsdemand a colossal amount of capital expenditure, RIL has plans to innovate and expand further. All these projects are seen as long- term ones and may keep the cash reserves of [...]
RIL Contributes to Dahej Getting its New Hospital
Dahej will have its own new modernized hospital with all updated features sponsored by Reliance Industries Ltd (RIL) and state government together. This 50-bed hospital will be operational from November 2013. It will be built and operated by Dahej Health& Welfare Society, which is a joint formation of RIL and the State government. BB Swain [...]
Reliance Streamlines Finances, Becomes Debt-Free!
It might have seemed extremely difficult for everybody including shareholders to keep up with Mukesh Ambani’s promise of making RIL debt – free ten months back. Reliance Industries Ltd. (RIL) is debt free today with a colossal cash balance of Rs.70,252 crore that it has attained this fiscal year ended 31st March, 2012. While its [...]
RIL gears towards 4G and plans to set up around One Lakh towers
While everybody is waiting with bated breath to experience 4G, Reliance Industries Ltd has already concocted its plan of setting up over 1,00,000 towers for handling these operations in the next three years to come. However, this move can disappoint scores of telecom operators who would have wished to be associated with RIL for the [...]
Reliance Industries Ltd- FY 2011-12 in Review
Reliance Industries Limited (RIL) outlined its financial statement for the year ending 31 March 2012. Reliance Industries recorded a revenue of Rs. 339,792 Crore ($ 66.8 BILLION) for the FY 2011-12. Besides, their consolidated revenue accounts to Rs.19, 724 Crore ($ 3.9 BILLION) for the same period. This year witnessed their highest ever exports of [...]
Nita Ambani selected as‘Corporate Citizen of the Year’ by AIMA
Nita Ambani, chairperson of Reliance Foundation and wife of RIL chairman Mukesh Ambani, was selected by All India Management Association (AIMA) as the ‘Corporate Citizen of the Year 2012’ for outstanding contributions by a corporate member towards the welfare and upliftment of society. As the chairperson of Reliance Foundation, the philanthropic arm of Reliance Industries [...]
Reliance Life Dives into FMCG, launches Natural Drink!
Reliance Life Sciences will jointly work with Warna – Agro to launch a new mango based drink according to H N Desai, chief executive officer of Warna Agro. It was also known that a MoU has been signed by Reliance Industries and Warna Agro confirming the same. This mango drink will be manufactured by Warna [...]
Three Reliance entities RPTL, RGTIL, RUPPL merge with Holding Firm RIHPL
Crisil announced the merger of three major Reliance Industries promoter group companies including RPTL (Reliance Ports and Terminals), Reliance Gas Transportation Infrastructure (RGTIL), Reliance Utilities and Power (RUPPL) with Reliance Industries Holding (RIHPL). All these three key entities of Reliance Industries will now be owned by the same owner. In order to prevent the setbacks [...]
