Mumbai: Mukesh Ambani’s Reliance Industries Ltd (RIL), which runs the world’s biggest single-location refinery at Jamnagar in Gujarat, more than doubled its product and feedstock hedging in the last fiscal year as a volatile crude exposed risks of huge inventory losses for crude oil refiners.

In 2014-15, RIL hedged a total of 308.71 million barrels annually or 0.85 million barrels per day (bpd) of its feedstock. This is against a total crude oil consumption of 1.32 million bpd that the company needs to run its refinery. This is more than double what RIL hedged in 2013-14, at 150.95 million barrels a year or 0.42 million bpd, according to the standalone numbers in the firm’s annual report released last Wednesday.

Reliance Industries Ltd (RIL) plans to fully resume its petrol pump network by March next year. The government, after ending diesel subsidies, has given it a level- playing field to compete with state-owned retailers.

“Reliance plans to re-commission the entire network of 1,400 outlets by the end of financial year 2015-16. As on March 31, 2015, over 300 outlets are operational,” the company said in its latest annual report.

Reliance Industries and its partner BP plc have surrendered two more oil and gas blocks, reducing their tally to four exploration acreages from 21 they held four years back.

"During the year, RIL opted to relinquish two blocks KG-DWN-2003/1 and CY-PR-DWN-2001/3 as part of the ongoing effort to high grade its upstream asset portfolio," the company said in its annual report for 2014-15.

Mumbai, May 19: Reliance Industries Ltd (RIL) today said it has raised $200 million by selling Formosa Bonds in Taiwan.

These are bonds that are issued in Taiwan, but are denominated in a currency other than the new Taiwanese dollar.

MUMBAI: After Dimsum, Sushi, Samurai, Rolex, Kangaroo, Bulldog or even Dragon it's now the turn of Formosa bonds. Reliance IndustriesBSE 0.56 % - India's savviest as well as the largest borrower overseas - has just raised $200 million through a fresh bond issuance in the hottest bond market in Asia Taiwan.

According to to multiple sources directly involved with the transaction, RIL has raised 20 year debt paper on Monday, the first from India Inc to do so. Incidentally, RIL will also be the first Asian energy company to tap the Formosa market.

A year after Reliance Industries Limited (RIL) moved Delhi High Court seeking to quash an FIR registered against them by Anti-Corruption Bureau, the CEO of the same firm on Wednesday was finally questioned by the probe agency.

According to senior officials of the ACB, PMS Prasad, CEO of RIL and two senior officials of the firm were questioned at their Civil Lines office in the Krishna-Godavari Basin case, which was rechristened as the "gas pricing scam" by the current chief minister of New Delhi, Arvind Kejriwal.

Mumbai: Reliance Jio Infocomm Ltd (RJio), a subsidiary of Reliance Industries Ltd (RIL), has raised $750 million (around Rs.4,815 crore today) from a Korean lender to fund its ongoing network roll-out under its fourth-generation (4G) telecom licence in India.

The loan, backed by export credit agency Korea Trade Insurance Corporation (K-Sure), was raised on 7 May and is guaranteed by RIL. It will be used to finance goods and services procured from two of its main vendors—Samsung Electronics Co. Ltd and Ace Technologies Corp.

NEW DELHI: The government has decided to cancel a coal block attached to the Sasan ultra mega power project of the Anil Ambani group in line with the Supreme Court's directive forbidding commercial use of surplus coal from such units for other plants.

The decision, which also forbids the use of coal from other mines of the 4,000 MW project for other plants, ends the special dispensation given earlier to Reliance Power's Sasan Project that would have helped the company fuel the Rs 21,000 crore Chitrangi power project.

India is home to 56 of the world’s 2000 largest and most powerful public companies, according to the Forbes’s annual list which is topped by the US with its share of 579 companies.

Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian companies in the 2015 Forbes ‘Global 2000′ list.

The office of the Union comptroller and auditor general (CAG) has questioned why Reliance Industries (RIL) was allowed to charge a marketing margin on natural gas in dollar terms when that allowed to state-owned GAIL was approved in rupee terms.

The auditor recommended the petroleum ministry ensure the latter methodology be adopted for supply of natural gas from domestic sources for use in sectors where the government bears the subsidy burden.

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