Buoyed by higher margins from its core refining and petrochemical businesses, oil-to-telecoms conglomerat Reliance Industries today reported a 12.5% increase in second-quarter consolidated net profit at Rs 8,109 crore as compared with last year’s figure of Rs 7,206 crore.

Consolidated revenue increased by 24% to Rs 1,01,169 crore during the quarter ending September as against Rs 81,651 crore in year-ago period.

Reliance Industries Ltd (RIL) is likely to report an increase in profit for the three months to September, benefiting from higher refining margins that will offset weaker earnings from its petrochemicals business.

Stand-alone quarterly net profit is likely to increase to Rs8,687.5 crore on revenue of Rs66,088 crore, according to a Bloomberg poll of seven analysts.

New Delhi, Oct 9 () Reliance Industries and SBI promoted payments bank is in the process of finishing regulatory requirements and have not fixed any timeline for starting operations, an official said today.

"We have not really yet finalised (the launch date). It is not question of time, there are regulatory requirements, we will have to complete that. When that is over, we will start," a bank official told on the condition of anonymity.

Mumbai: Reliance Industries Ltd (RIL) on Friday agreed to sell the first of its shale gas ventures—upstream Marcellus shale gas assets in northeastern and central Pennsylvania in the US—for $126 million.

The assets held by Reliance Marcellus II LLC, a unit of Reliance Holding USA Inc. and Reliance Industries Ltd (RIL), were sold to BKV Chelsea LLC, an affiliate of Kalnin Ventures LLC. It is currently operated by Carrizo Oil & Gas, Inc. In 2010, RIL had bought a 60% stake in the assets for $392 million.

Mukesh Ambani-led Reliance Industries seeks to garner $126 Million by selling Reliance Marcellus assets to BKV Chelsea, an associate of Kalnin Ventures. Reliance Marcellus II, LLC, a subsidiary of Reliance Industries announced the signing of agreements to divest all of its interest in upstream assets in north-eastern and central Pennsylvania.

Reliance could receive contingent payments of up to $11.25 million in aggregate based on natural gas prices exceeding certain thresholds over the next three years, according to an ET Now report.

Reliance Industries ltd has jumped five places to rank as the world’s third-biggest energy company behind Russian gas firm Gazrpom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings. State-owned Indian Oil Corp (IOC) broke into the top 10 club, climbing to 7th position in the 2017 ranking, up from 14th rank in 2016. IOC has been steadily climbing the rankings — it was placed at No. 66 in 2015. Oil and Natural Gas Corp (ONGC) was placed at 11th position in 2017 as against 20th in 2016.

The Reliance Industries, operator of the world's largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter.

Reliance may expand the capacity at its dual refinery complex in Jamnagar in Gujarat by 30 million tonnes a year to 100 million tonnes per year, according to the sources, who saw the expansion plans in a presentation by the company on potential energy scenarios to 2030.

The rate cut by India’s telecom regulator TRAI has led global research and brokerage firms such as CLSA, Goldman Sachs and Bank of America cheering for Reliance Industries, even as the stock trades at all-time high levels. Reliance Industries enjoys the status of being India’s most valued company as the conglomerate commands a market capitalisation greater than Rs 5,54,000 crore, nearly Rs 75,000 crore more than India’s second in command TCS.

Reliance Industries (RIL) hits a new high of Rs 845, up 2.6%, extending its Tuesday’s nearly 1% gain on BSE. The stock surpassed its previous high of Rs 832.70 touched on September 7, 2017 in intra-day trade.

RIL is the second best performer stocks from the 30 share index Sensex, gaining 56% so far in the calendar year 2017 (CY17), as against 21% rise in the benchmark index. Tata Steel has rallied 74% so far in CY17.

Reliance Industries (RIL) hit a new high of Rs 832.70 on BSE in early morning trade, surpassing its previous high of Rs 832.50 (adjusted to bonus shares) touched on August 3, 2017 in intra-day trade. The stock is trading ex-bonus in the ratio of 1:1 with effect from today.

On July 21, 2017, the board of directors of RIL had recommended issue of bonus shares to shareholders of the company by capitalisation of its reserves in the ratio of 1:1, i.e. 1 (one) bonus equity share of Rs 10 each fully paid-up for every 1 (one) existing equity share held by the members as on a record date.

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