RIL will own a majority 51 per cent in the proposed JV, with the balance 49 per cent owned by Shandong Ruyi.
Reliance and Pemex will also explore international markets for “value added opportunities”, RIL said in a statement.
Govt will not give the new price benefit to Reliance Industries Limited until the issue of supply shortfall is resolved.
RIL shares closed 0.26 per cent lower at Rs 957.85 on the BSE on Monday.
The Securities and Exchange Board of India (Sebi) has slapped a penalty of Rs 13 crore on Reliance Industries Ltd (RIL) on the issue of correct disclosure of diluted earning per share (DEPS) — a key earnings ratio — for six quarters after a warrant issue. The penalty includes a fine of Rs 1 crore […]
RIL had in February 2011 announced a “transformational” deal when UK’s BP picked up 30 per cent stake in its 23 oil and gas blocks.
The tough stand was taken after RIL failed to comply with the ministry’s May 2012 notice, asking RIL to compute the government’s share of profit petroleum after deducting the disallowed costs.
Group investment target hiked to R1.8 lakh cr till 2017; 40% earmarked for R-Jio.
The court has issued notice to the petroleum and natural gas ministry and the directorate general of hydrocarbons along with RIL to respond to the plea.
On hold With no clarity, RIL and partners say unable to invest $4 billion.
The case was mentioned before the court of Justice Manmohan who will now take up the case on May 20.
The company’s turnover had declined to Rs 75,817.60 crore in CY13 from Rs 78,246.75 crore in CY12.
Reliance Industries entered the fledgling retail space in 2006 when interest in retail sector was increasing.
Mukesh Ambani led-Reliance Industries’ last month won two offshore exploration blocks in Myanmar
While RIL’s net profit in FY09 was thrice that of TCS, a 29.5 per cent compounded annual growth rate (CAGR) in its net profit over the last five years has enabled TCS to inch close to RIL’s bottomline figure. During the five year period, RIL saw its net profit grow at only 7 per cent.