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Reliance Industries Limited (RIL) Related news

Reliance Industries-backed startup GenNext Hub partners Invest Ottawa

Reliance Industries-backed startup GenNext Hub partners Invest Ottawa

Reliance Industries-backed startup programme GenNext Hub today entered into a partnership with Invest Ottawa for creating a bridge to engage innovative startups from both India and Canada.

The memorandum of understanding, includes co-branding, events invitation and information sharing between the two entities.

RIL looks to shut crude distillation unit in May for maintenance

RIL looks to shut crude distillation unit in May for maintenance

Reliance Industries (RIL) on Monday said the SEZ refinery of the company is planning to shut down one crude distillation unit for routine maintenance and inspection for about 3 weeks from May 1.

"The SEZ refinery of the company is planning to shut down one crude distillation unit for routine maintenance and inspection (M&l) activities from May 1, 2016, for about 3 weeks," RIL said in a BSE filing.

Reliance, BG to hand over some drilling assets to ONGC

Reliance, BG to hand over some drilling assets to ONGC

A joint venture led by Reliance Industries and BG Group has agreed to hand drilling infrastructure from an abandoned gas field to ONGC, their junior partner, helping the state-run group develop a large gas reserve nearby, two company sources said.

Executives from Reliance, BG and ONGC signed an agreement in New Delhi on Tuesday night — providing respite in a months-long battle between the partners over the cost of closing the Tapti field off India's west coast.

RIL starts ground work for developing oil fields

RIL starts ground work for developing oil fields

The Mukesh Ambani-promoted Reliance Industries Ltd (RIL) on Tuesday floated an Expression of Interest (EoI) to develop its oil and gas blocks, including some of the discoveries in the KG-D6 block off the coast of Andhra Pradesh.

RIL is eligible to a higher price for natural gas produced from these discoveries under the new norms if it withdraws arbitration proceedings against the government. RIL currently has four blocks, though development programmes in both the KG-D6 and NEC blocks was on hold, waiting for clarity on the gas price.

RIL-BP may withdraw arbitration proceedings against Centre: Report

RIL-BP may withdraw arbitration proceedings against Centre: Report

The arbitration case involving Reliance Industries (RIL)-BP Plc against the government may see an end, as the companies are said to be considering dropping the case, Mint reported on Monday.

Both the companies are in talks with the government to drop the arbitration, the report added, citing an official from the oil ministry. In fact, they had met oil minister Dharmendra Pradhan in the first week of April, the newspaper reported.

Cabinet may redo PSU refiners’ model to help IOC, BPCL, HPCL take on pvt sector peers like RIL, Essar

Cabinet may redo PSU refiners’ model to help IOC, BPCL, HPCL take on pvt sector peers like RIL, Essar

The Prime Minister Narendra Modi-headed Union Cabinet on Wednesday is likely to take up a proposal that would overhaul the crude procurement process for government-owned refiners- IOC, BPCL, HPCL and MRPL. The move is aimed to make the refiners more competitive like their private peers such as RIL and Essar Oil and take benefits of spontaneous buying of cargoes.

Sources told FE that the petroleum ministry has sent the final proposal for clearance from the Union Cabinet, which is likely to decide on it on Wednesday.

Reliance Industries launches online fashion portal Ajio.com

Reliance Industries launches online fashion portal Ajio.com

Mumbai: Reliance Industries Ltd, the oil to yarn conglomerate launched its online fashion portal Ajio.com with the preview of its collection on Saturday at the ongoing Lakme Fashion week in Mumbai.

The show also saw the company unveiling its campaign ‘Doubt is Out’ with five show stoppers which included actor Sunny Leone, transgender activist, Laxmi Narayan Tripathi, comedian, Bharti Singh, yesteryear actor, Helen and Suman Sharma, the first woman to fly the fighter plane MIG-35 as it tried to differentiate.

Reliance Indstries to start production of coal bed methane in April

Reliance Indstries to start production of coal bed methane in April

Private explorer Reliance Industries (RIL) is targeting to start production of coal bed methane (CBM) from its Sohagpur (West) block in Madhya Pradesh during April-June FY17. This would mark the entry of the Mukesh Ambani firm into drilling gas from coal seams, a business that is still lagging behind in the country.

“RIL plans to put on stream the first set of wells between April 8 and April 14,” sources privy to the development told FE. Unlike conventional natural gas, CBM production is tricky and would take about six to eight weeks for the fuel to hit the customer, the source added.

RIL, ONGC gas dispute: Shah panel tenure extended to July end

RIL, ONGC gas dispute: Shah panel tenure extended to July end

Government has extended by three months the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned ONGC's idle blocks in KG basin to neighbouring fields of Reliance Industries.

The committee has been asked to submit by July 31 its report on "acts of omission and commission" as well as compensation to ONGC, an oil ministry official said.

RIL to get benefit of free gas pricing only if it withdraws arbitration: Official

RIL to get benefit of free gas pricing only if it withdraws arbitration: Official

The government's move to free gas pricing for undeveloped gas fields in difficult areas will not apply to Reliance Industries' KG-D6 finds unless the Mukesh Ambani firm withdraws arbitration challenging the government's authority to decide rates.

The Cabinet headed by Prime Minister Narendra Modi had Thursday decided that the marketing freedom subject to a cap based on alternative fuel will not be applicable to discoveries that are under litigation or arbitration.

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