Monday, 29 December 2014

Reliance Industries announces planned turnaround at Nagothane site

Reliance Industries has scheduled a planned turnaround at its Nagothane manufacturing site. The cracker and some of the downstream units will be shut for approximately four weeks, starting around mid-January 2015.

Friday, 26 December 2014

Reliance Industries edge higher in early trade

The announcement was made before market hours today, 26 December 2014. The stock hit a high of Rs 889.90 and a low of Rs 886 so far during the day.
Reliance Industries (RIL) said it has signed shipping agreements with one of the world's largest and reputed shipping companies MITSUI O.S.K. Lines (MOL) for transporting liquefied ethane from North America to India. MOL will supervise the construction of six very large ethane carriers (VLECs), ordered by Reliance. MOL will also operate and manage the vessels after they are built and delivered, RIL said.
RIL's consolidated net profit rose 1.7% to Rs 5972 crore on 4.9% decline in net sales to Rs 109797 crore in Q2 September 2014 over Q2 September 2013.
RIL is into petroleum refining and marketing, exploration & production and manufacture of petrochemicals.

Reliance Industries in focus

Reliance Industries before market hours today, 26 December 2014 said it has signed shipping agreements with one of the world's largest and reputed shipping companies MITSUI O.S.K. Lines (MOL) for transporting liquefied ethane from North America to India. MOL will supervise the construction of six very large ethane carriers (VLECs), ordered by Reliance. MOL will also operate and manage the vessels after they are built and delivered.

Reliance Industries inks Shipping Deal with Mitsui O.S.K. Lines

Reliance Industries announced that the Company has signed shipping agreements with MITSUI O.S.K Lines (MOL) for transporting Liquefied Ethane from North America to India. MOL will supervise the contruction of six Very Large Ethane Carriers (VLECs), ordered by Reliance. MOL will also operate and manage the vessels after they are built and delivered.

Monday, 22 December 2014

Dupont join hands with Reliance Industries

According to the report, Dupont has joined hands with Reliance Industries and Vipul Sarees for use of its renewable fibre product Sorona. Du point wants to make an 'environment-friendly' version for ethnic ladieswear. Dupont is expecting up to 13% growth in sales in 2015 report said. Report said, DuPont would continue to bring sustainable, eco-friendly products that are suited for the Indian market.

Tuesday, 9 December 2014

Reliance Industries to form a JV with Chinese textile company Ruyi

Reliance Industries (RIL) announced that the Company and Shandong Ruyi Science and Technology Group Co., China (through its wholly owned subsidiary), have executed definitive agreements for a joint venture in textiles. As per the agreement, RIL will transfer its existing textile business into a new incorporated company (JV) for which RIL will receive cash consideration. RIL will own a majority 51% in the proposed JV, with the balance 49% owned by Ruyi.

Friday, 5 December 2014

Reliance Industries signs MoU with Petroleous Mexicanos

Reliance Industries (RIL) announced that the Company and the Mexican state owned company, Petroleous Mexicanos (PEMEX) have entered into a Memorandum of Understanding (MoU).
As per the MoU, RIL will cooperate with PEMEX for assessment of potential upstream oil and gas business opportunities in Mexico and jointly evaluate value added opportunities in international markets.
RIL and PEMEX will also share expertise and skills in the relevant areas of oil and gas industry for deep water oil and gas exploration and production.