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.

Reliance Industries (RIL) was up 1% at Rs 1,650, extending its 6.6% surge in past five trading sessions on BSE, after the company fixed September 9 as the record date for 1:1 bonus issue. The stock will turn ex-bonus tomorrow on September 7.

The stock outperformed the market by gaining 7.7% from Rs 1,532 on August 28, as compared to 1% rise in the S&P BSE Sensex.

Reliance Industries Ltd's (RIL’s) first-of-its-kind ethane import project is expected to add $300 million to the operating profit of the petrochemicals business, Vipul Shah, chief operating officer of petrochemicals, told reporters in a media briefing on Wednesday.

To secure feedstock for its three cracker facilities at Dahej, Nagothane and Hazira, RIL invested about $1.6 billion to import ethane from the US to use as feedstock and produce ethylene at these facilities.

Mumbai/New Delhi: Reliance Industries Ltd, owned by Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan.

The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, the people said, asking not to be identified, citing company policy. A decision on investment and implementation will be taken by December, they said.

The government has imposed a new penalty of $264 million (about Rs 1,700 crore) on Reliance Industries Ltd and its partners for producing less than the targeted natural gas from eastern offshore KG-D6 fields in 2015-16.

The total penalty now, which is in the form of disallowing recovery of cost incurred for missing the target during six years beginning April 1, 2010, stands at $3.02 billion, an oil ministry official said.

Mumbai: Reliance Industries Ltd plans to refinance a significant portion of about $12 billion of borrowings that mature over the next three years and may sell bonds to repay the debt, according to company executives with knowledge of the matter.

India’s largest company by market value will repay some of the debt coming due, mostly bonds and interest, the officials said, asking not to be identified discussing confidential matters. Reliance’s repayments from 2018 through 2020 will be its biggest for any previous three-year period and include about $8.14 billion of term loans, $3.52 billion of bonds and a $300 million revolver loan, according to data compiled by Bloomberg. It also has about $1.65 billion of interest payments, the data show.

The Maharashtra government on Wednesday informed that Reliance Industries (RIL) has defaulted on payment of fine and additional surcharge of Rs 1,369.9 crore over the delay in construction of a convention-cum-exhibition centre in Mumbai.

The government gave this information in the state legislative assembly in a written reply to the question asked by Leader of Opposition Radhakrishna Vikhe Patil and some other MLAs.

NEW DELHI: Reliance Retail and Reliance Jio will be “hyper growth platforms” for the Mukesh Ambani-led conglomerate in the next 10 years — which the company calls its golden decade.

Reliance Industries sees robust and sustainable growth in both consumer-facing sectors, apart from strong cash flows from its flourishing core businesses of energy and petrochemicals, as it reaps rewards of ambitious capital expenditure in recent years, it said in a presentation after the quarterly earnings.

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