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Reliance Industries Ltd

Thu 13/03/2025,15:59:58 | NSE : RELIANCE

₹ 1247.90-9.15 (-0.73%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 1260.05

Previous Close

₹ 1257.05

Volume

9505270

Mkt Cap ( Rs. Cr)

₹1688704.81

High

₹ 1264.15

Low

₹ 1243.85

52 Week High

₹ 1608.80

52 Week Low

₹ 1156.00

Book Value Per Share

₹ 605.55

Dividend Yield

0.80

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on Reliance Industries Ltd

Your Vote -

Buy

66.16%

Hold

18.17%

Sell

15.68%

66.16%

1003268 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

0

Bid Price

Qty

1247.90

735

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

735

Option Chain

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Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers stock stock attention, sentiment.

  • Reliance Inds. - Updates

    12 Mar 2025, 8:51AM Reliance Industries Limited has informed the Exchange regarding a media release by Jio Platforms Limited, a subsidiary of the Company, titled JIO TO
  • Reliance Inds. - Media Release By Jio Platforms Limited, A Subsidiary Of The Company, Titled 'JIO TO BRING SPACEX'S STARLINK

    12 Mar 2025, 8:49AM Please find attached a media release by Jio Platforms Limited, a subsidiary of the Company, titled \JIO TO BRING SPACEX'S STARLINK HIGH-SPEED INTERNET
  • Reliance Inds. - Trading Plan under PIT

    7 Mar 2025, 9:10PM Reliance Industries Limited has informed the Exchange regarding Trading Plan pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Trading Plan under SEBI (PIT) Regulations, 2015

    7 Mar 2025, 9:10PM Notification of Trading Plan
  • Reliance Inds. - News Verification

    4 Mar 2025, 4:00PM The Exchange has sought clarification from Reliance Industries Limited with respect to recent news item captioned Shares in focus: Reliance, Rajesh Ex
  • Reliance Inds. - Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

    4 Mar 2025, 8:44AM Update to disclosure dated February 15, 2025
  • Reliance Inds. - News Clarification - Shares In Focus: Reliance, Rajesh Exports Face Penalties For Battery Plant Delays

    4 Mar 2025, 3:50PM Please refer our letter dated March 4, 2025 attached herewith.
  • Reliance Inds. - Update To Disclosure Dated February 15, 2025

    4 Mar 2025, 8:40AM Update to disclosure dated February 15, 2025
  • Reliance Inds. - News Verification

    3 Mar 2025, 2:52PM The Exchange has sought clarification from Reliance Industries Limited with respect to recent news item captioned Shares in focus: Reliance, Rajesh Ex
  • Reliance Inds. - Clarification sought from Reliance Industries Ltd

    3 Mar 2025, 3:08PM The Exchange has sought clarification from Reliance Industries Ltd on March 3, 2025, with reference to news appeared in https://www.thehindubusinessli
  • Reliance Inds. - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclo

    28 Feb 2025, 6:07PM Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 is att
  • Reliance Inds. - Action(s) taken or orders passed

    28 Feb 2025, 6:07PM Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is at
  • Reliance Inds. - Updates

    26 Feb 2025, 7:35PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    26 Feb 2025, 7:33PM This is further to our disclosure dated February 21, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    21 Feb 2025, 6:49PM Please note that the Company executives will be participating in the Institutional Investors' Meeting - IIFL Global Investors Conference on February 2
  • Reliance Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    21 Feb 2025, 6:48PM Please note that the Company executives will be participating in the Institutional Investors' Meeting - IIFL Global Investors Conference on February 2
  • Reliance Inds. - Updates

    17 Feb 2025, 6:30PM This is further to our disclosure dated February 12, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    17 Feb 2025, 6:29PM This further to our disclosure dated February 12, 2025 made by the Company. We wish to inform you that the Company executives participated in the Inst
  • Reliance Inds. - Update To Disclosure Dated July 31, 2018.

    15 Feb 2025, 2:26PM Update to disclosure dated July 31, 2018
  • Reliance Inds. - Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

    15 Feb 2025, 2:26PM Update to disclosure dated July 31, 2018.
  • Reliance Inds. - Update-Acquisition/Scheme/Sale/Disposal-XBRL

    14 Feb 2025, 7:37PM Reliance Industries Limited has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL
  • Reliance Inds. - Acquisition

    14 Feb 2025, 7:28PM Update on acquisition of 100% equity stake of Lakadia B Power Transmission Limited
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Updates on Acquisition

    14 Feb 2025, 7:23PM Update on acquisition of 100% equity stake of Lakadia B Power Transmission Limited
  • Reliance Inds. - Updates

    13 Feb 2025, 7:38PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    13 Feb 2025, 7:34PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    13 Feb 2025, 7:34PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    12 Feb 2025, 6:33PM Please note that the Company executives will be participating in the Institutional Investors' Meeting - Kotak Chasing Growth 2025 Investor Conference
  • Reliance Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Feb 2025, 6:32PM Please note that the Company executives will be participating in the Institutional Investors' Meeting - Kotak Chasing Growth 2025 Investor Conference
  • Reliance Inds. - Incorporation-XBRL

    12 Feb 2025, 6:28PM Reliance Industries Limited has informed the Exchange regarding Incorporation
  • Reliance Inds. - Incorporation

    12 Feb 2025, 4:58PM Incorporation of a wholly owned subsidiary in Singapore.
  • Reliance Inds. - Update On Institutional Investors' Meeting

    13 Feb 2025, 7:34PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    13 Feb 2025, 7:34PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    13 Feb 2025, 7:34PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    13 Feb 2025, 7:34PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Acquisition

    12 Feb 2025, 4:57PM Incorporation of a wholly owned subsidiary in Singapore.
  • Reliance Inds. - General Updates

    11 Feb 2025, 6:55PM This is further to our disclosure dated February 6, 2025 made by the Company. We wish to inform you that the Company executives participated in the In
  • Reliance Inds. - Update On Institutional Investors' Meeting

    11 Feb 2025, 6:52PM This is further to our disclosure dated February 6, 2025 made by the Company. We wish to inform you that the Company executives participated in the In
  • Reliance Inds. - Update On Institutional Investors' Meeting

    13 Feb 2025, 7:34PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Update On Institutional Investors' Meeting

    13 Feb 2025, 7:34PM This is further to the disclosure dated February 10, 2025 made by the Company. We wish to inform you that the Company executives participated in the I
  • Reliance Inds. - Updates

    10 Feb 2025, 8:12PM Please find attached a media release, titled Mumbai Indians welcome The Hundred s London-based franchise Oval Invincibles to the #OneFamily.
  • Reliance Inds. - Media Release - 'Mumbai Indians Welcome The Hundred'S London-Based Franchise 'Oval Invincibles' To The #Onef

    10 Feb 2025, 8:10PM Please find attached a media release, titled \Mumbai Indians welcome The Hundred's London-based franchise 'Oval Invincibles' to the the #OneFamily.\
  • Reliance Inds. - General Updates

    10 Feb 2025, 7:43PM This is further to the disclosure dated February 5, 2025 made by the Company. We wish to inform you that the Company executives participated in the In
  • Reliance Inds. - Update On Institutional Investors' Meeting

    10 Feb 2025, 7:41PM This is further to our disclosure dated February 5, 2025 made by the Company. We wish to inform you that the Company executives participated in the In
  • Reliance Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Feb 2025, 7:35PM Please note that the Company executives will be participating in the Institutional Investors Meeting - Citi 2025 India Investor Conference on Februar
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 Feb 2025, 7:34PM Please note that the Company executives will be participating in the Institutional Investors' Meeting - Citi 2025 India Investor Conference on Februar
  • Reliance Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    6 Feb 2025, 7:17PM Please note that the Company executives will be participating in Axis Capital India Conference on February 11, 2025 at Mumbai. It is expected that the
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    6 Feb 2025, 7:15PM Please note that the Company executives will be participating in Axis Capital India Conference on February 11, 2025 at Mumbai. \r\n\r\nIt is expected
  • Reliance Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    5 Feb 2025, 8:01PM Please note that the Company executives will be participating in the Institutional Investors' Meeting - Nuvama India Conference 2025 on February 10, 2
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    5 Feb 2025, 7:58PM Please note that the Company executives will be participating in the Institutional Investors' Meeting - Nuvama India Conference 2025 on February 10, 2
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Credit Rating

    30 Jan 2025, 6:31PM Re-affirmation of rating with respect to the Non-convertible Debentures and Commercial Paper of the Company
  • Reliance Inds. - Credit Rating

    30 Jan 2025, 6:30PM Reliance Industries Limited has informed the Exchange about Credit Rating
  • Reliance Inds. - Sale or disposal-XBRL

    24 Jan 2025, 4:19PM Reliance Industries Limited has informed the Exchange regarding Sale or disposal of unit(s)/division(s)/subsidiary
  • Reliance Inds. - Diversification/Disinvestment

    23 Jan 2025, 8:59PM Reliance Industries Limited has informed the Exchange about sale of 100% stake in M Entertainments Private Limited
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

    23 Jan 2025, 8:56PM Sale of 100% stake in M Entertainments Private Limited
  • Reliance Inds. has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    21 Jan 2025, 5:20PM As of December 2024, 50.13% is owned by Indian Promoters and 49.87% by Public. <p align=justify> Institutional holds 38.26% (Insurance Companies 8.74%
  • Reliance Inds. - Update-Acquisition/Scheme/Sale/Disposal-XBRL

    17 Jan 2025, 10:59PM Reliance Industries Limited has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL
  • Reliance Inds. - Acquisition

    17 Jan 2025, 10:42PM Reliance Industries Limited has informed the Exchange about update on acquisition of 100% equity stake of Reliance New Energy Battery Limited
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Updates on Acquisition

    17 Jan 2025, 10:39PM Update on acquisition of 100% equity stake of Reliance New Energy Battery Limited
  • Reliance Inds. - Acquisition-XBRL

    17 Jan 2025, 12:39PM Reliance Industries Limited has informed the Exchange regarding Acquisition
  • Reliance Inds. - Acquisition-XBRL

    17 Jan 2025, 12:35PM Reliance Industries Limited has informed the Exchange regarding Acquisition
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    17 Jan 2025, 8:30AM Transcript of the presentation made to the analysts on the Unaudited Financial Results (Consolidated and Standalone) for the quarter and nine months e
  • Reliance Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    17 Jan 2025, 8:27AM Reliance Industries Limited has informed the Exchange about Transcript and Link of Recording
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    17 Jan 2025, 8:24AM Audio / video recording and transcript of the presentation made to the analysts on the Unaudited Financial Results (Consolidated and Standalone) for t
  • Reliance Inds. - Integrated Filing (Financial)

    16 Jan 2025, 11:35PM Integrated Filing (Financial) for the quarter and nine month ended December 31, 2024 is attached.
  • Reliance Inds. - Integrated Filing- Financial

    16 Jan 2025, 11:29PM Integrated Filing (Financial) for the quarter and nine months ended December 31, 2024 is attached.
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Acquisition

    16 Jan 2025, 10:44PM Acquisition of 100% equity stake of Reliance New Energy Battery Limited
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Acquisition

    16 Jan 2025, 10:41PM Acquisition of 100% equity stake of Lakadia B Power Transmission Limited
  • Reliance Inds. - Acquisition

    16 Jan 2025, 10:38PM Acquisition of 100% equity stake of Reliance New Energy Battery Limited
  • Reliance Inds. - Acquisition

    16 Jan 2025, 10:36PM Acquisition of 100% equity stake of Lakadia B Power Transmission Limited
  • Reliance Inds. Q3 net profit down 12.12% at Rs 8721.00 cr

    16 Jan 2025, 8:10PM The company reported standalone net profit of Rs 8,721.00 crore for the quarter ended December 31, 2024 as compared to Rs 9924.00 crore in the same pe
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Investor Presentation

    16 Jan 2025, 7:56PM Presentation on the Unaudited Financial Results (Consolidated and Standalone) for the quarter and nine months ended December 31, 2024, is attached.
  • Reliance Inds. - Investor Presentation

    16 Jan 2025, 7:54PM Reliance Industries Limited has informed the Exchange about Investor Presentation
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    16 Jan 2025, 7:37PM Media Release - Consolidated and Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2024, is attached.
  • Reliance Inds. - Press Release

    16 Jan 2025, 7:32PM Media Release - Consolidated and Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2024, is attached
  • Reliance Inds. - Consolidated And Standalone Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2

    16 Jan 2025, 7:29PM Consolidated and Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2024, are attached.
  • Reliance Inds. - Financial Result Updates

    16 Jan 2025, 7:26PM Reliance Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Reliance Inds. - Board Meeting Intimation

    9 Jan 2025, 6:50PM RELIANCE INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 16-Jan-2025 to inter-alia consider and approve the Unaudited F
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    9 Jan 2025, 6:46PM A meeting of the Board of Directors of the Company is scheduled to be held on Thursday, January 16, 2025, inter alia, to consider and approve the stan
  • Reliance Inds. - Board Meeting Intimation for Consideration And Approval Of The Standalone And\r\nConsolidated Unaudited Fina

    9 Jan 2025, 6:38PM RELIANCE INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/01/2025 ,inter alia, to consider
  • Reliance Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    9 Jan 2025, 5:47PM Please note that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, January 16, 2025, inter alia, to consider and
  • Reliance Inds. - Acquisition-XBRL

    1 Jan 2025, 3:57PM Reliance Industries Limited has informed the Exchange regarding Acquisition
  • Reliance Inds. - Acquisition

    31 Dec 2024, 6:27PM Reliance Industries Limited has informed the Exchange about conversion of compulsorily convertible preference shares held by the Company in Viacom 18
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Updates on Acquisition

    31 Dec 2024, 6:24PM Conversion of compulsorily convertible preference shares held by the Company in Viacom 18 Media Private Limited
  • Reliance Inds. - Update-Acquisition/Scheme/Sale/Disposal-XBRL

    31 Dec 2024, 5:24PM Reliance Industries Limited has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL
  • Reliance Inds. - Trading Window-XBRL

    31 Dec 2024, 4:43PM RELIANCE INDUSTRIES LIMITED has informed the Exchange about Closure of Trading Window
  • Reliance Inds. - Trading Window

    31 Dec 2024, 4:40PM Reliance Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulatio
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Updates on Acquisition

    30 Dec 2024, 10:49PM Update on investment in Health Alliance Group Inc.
  • Reliance Inds. - Acquisition

    30 Dec 2024, 10:49PM Update on investment in Health Alliance Group Inc.
  • Reliance Inds. - Acquisition-XBRL

    29 Dec 2024, 8:57AM Reliance Industries Limited has informed the Exchange regarding Acquisition
  • Reliance Inds. - Sale or disposal-XBRL

    28 Dec 2024, 3:41PM Reliance Industries Limited has informed the Exchange regarding Sale or disposal of unit(s)/division(s)/subsidiary
  • Reliance Inds. - Acquisition

    28 Dec 2024, 9:59AM Investment in Karkinos Healthcare Private Limited
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Acquisition

    28 Dec 2024, 9:55AM Investment in Karkinos Healthcare Private Limited
  • Reliance Inds. - General Updates

    27 Dec 2024, 11:16PM This is to inform that Reliance UbiTek LLC, a step down wholly-owned subsidiary of the Company, has been voluntarily liquidated and ceased to be a who
  • Reliance Inds. - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclo

    27 Dec 2024, 11:13PM This is to inform that Reliance UbiTek LLC, a step down wholly-owned subsidiary of the Company, has been voluntarily liquidated and ceased to be a who
  • Reliance Inds. - Credit Rating

    25 Dec 2024, 4:59PM Reliance Industries Limited has informed the Exchange about Credit Rating
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Credit Rating

    25 Dec 2024, 5:01PM Re-affirmation of rating with respect to the bank loan facilities and Commercial Paper of the Company
  • Reliance Inds. - Trading Plan under SEBI (PIT) Reg., 2015

    23 Dec 2024, 7:16PM Notification of Trading Plan
  • Reliance Inds. - Acquisition-XBRL

    21 Dec 2024, 8:57PM Reliance Industries Limited has informed the Exchange regarding Acquisition
  • Reliance Inds. - Acquisition

    21 Dec 2024, 1:27PM Investment in Health Alliance Group Inc.
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Acquisition

    21 Dec 2024, 1:22PM Investment in Health Alliance Group Inc.
  • Reliance Inds. - Trading Plan under PIT

    20 Dec 2024, 5:44PM Reliance Industries Limited has informed the Exchange regarding Trading Plan pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Reliance Inds. - Announcement under Regulation 30 (LODR)-Trading Plan under SEBI (PIT) Regulations, 2015

    20 Dec 2024, 5:44PM Notification of Trading Plan
  • Reliance Industries

    4 Mar 2025 , 10:04AM Reliance: Jio Platforms, in partnership with Nokia, AMD, and Cisco, has launched an open AI platform designed to transform the telecommunications sector. The initiative aims to enhance network efficiency, security, and operational intelligence while creating new revenue opportunities for service providers.
  • Reliance Industries

    24 Jan 2025 , 9:16AM Reliance: Company to build a massive data center in India with a capacity of 3 gigawatts, which would be the largest in the world. The data center will be powered by Nvidia's AI semiconductors and will offer rock-bottom rates for AI inferencing, making AI applications more affordable in India. The project is expected to cost $20-30 billion and will significantly boost India's data center capacity.
  • Reliance Industries

    17 Jan 2025 , 9:37AM Reliance Industries: Outlook: Maintain BUY with target price of Rs1827
  • Reliance Industries – 3QFY25

    17 Jan 2025 , 9:31AM Reliance Industries – 3QFY25: Stellar Performance Across All Segments
  • Reliance Industries arm to acquire stake in Health Alliance Group Inc

    23 Dec 2024 , 11:46AM HAGI is a US-based specializes in designing technology driven solutions for the underserved in United States, India and rest of the world
  • Reliance Industries

    29 Nov 2024 , 9:58AM Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of the company, has entered into a stock purchase agreement with Wavetech Helium, Inc., subscribing to a 21% stake in Wavetech for USD 12 million. Wavetech is a helium gas exploration and production company- Small but strategic acquisitions to reduce carbon footprints
  • Reliance Industries

    19 Nov 2024 , 10:43AM In a significant development, the Supreme Court has dismissed SEBI's appeal against the Securities Appellate Tribunal (SAT) order that had overturned a Rs.25 crore penalty imposed on Reliance Industries' promoters by SEBI. The case pertained to the conversion of warrants dating back to the year 2000.(Positive)
  • Reliance Industries

    18 Nov 2024 , 10:27AM The company and Disney completed a transaction to form a joint venture for entertainment brands in India. The company has invested Rs 11,500 crore in growth capital in the JV. The transaction values of the JV are at Rs 70,352 crore on a post-money basis. The JV controlled by Reliance with 56% stake, includes contributions from Disney (36.84%) and Viacom18 (46.82%) forming one of the largest media entities in India. The combined entity will leverage the strengths of both Reliance and Disney to offer a wide range of content across TV and digital. This includes Star and Colours TV channels and JioCinema and Hotstar OTT platforms.
  • Reliance Industries

    23 Oct 2024 , 10:11AM The Competition Commission of India approved the merger of Reliance Industries with Disney after modifications in the deal. One of the conditions includes no billing of TV ad slot sales for IPL, ICC and BCCI cricketing rights till the end of existing rights
  • Reliance Industries

    17 Oct 2024 , 10:48AM The oil-to-telecom conglomerate announced Oct. 28 as the record date for the 1:1 bonus issue.
  • Reliance Industries Q2FY25 Consolidated Results

    15 Oct 2024 , 11:41AM Reliance Industries Q2FY25 Consolidated Results
  • Reliance Industries

    5 Sep 2024 , 10:42AM The company has bagged Rs 3,620 crores worth of sops for producing advanced chemistry cell (ACC) batteries. Reliance emerged the winner of 10 GWh of production linked incentives (PLI) which were being rebid by the Ministry of Heavy Industries. Positive
  • Reliance AGM 2024

    30 Aug 2024 , 12:40PM Key highlights of Reliance AGM
  • Reliance Industries

    29 Aug 2024 , 10:25AM Competition Commission approves the proposed combination involving Reliance Industries Ltd, Viacom18 Media Pvt Ltd, Digital18 Media Ltd, Star India Pvt Ltd and Star Television Productions Ltd, subject to the compliance of voluntary modifications. Positive
  • Reliance Industries

    21 Aug 2024 , 11:06AM As per media reports, CCI has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights
  • RIL's market cap crosses Rs. 21 Lakh Crore

    28 Jun 2024 , 12:26PM RIL hits lifetime high
  • Reliance Industries

    29 May 2024 , 9:54AM Reliance Industries: The company has signed a one-year deal with Russia’s Rosneft to buy atleast 3 million barrels of oil a month in roubles. Positive
  • Reliance Industries

    26 Mar 2024 , 11:23AM The company has received the board approval for the acquisition of 100% equity shares of MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV from MSEB Solar Agro Power. The acquisition is expected to be completed by the end of April 2024.
  • Reliance Industries

    14 Mar 2024 , 11:05AM Reliance to buy 13% stake in TV18 Broadcast arm Viacom 18 Media for Rs 4,286 crore. At present, Reliance holds compulsorily convertible preference shares of Viacom18 representing 57.48% equity stake on a fully diluted basis. Post the completion of this transaction, Reliance’s equity stake in Viacom18 will increase to 70.49% on a fully diluted basis. The transaction is subject to regulatory approvals.
  • Reliance Industries

    4 Mar 2024 , 12:34PM As per media reports, RIL is planning to venture into pumped storage projects (PSP) for hydroelectric power, with a keen focus on clean energy. The company's subsidiary, Reliance New Energy, is actively searching for suitable locations for these projects.
  • Reliance Industries

    29 Feb 2024 , 10:15AM The company will merge its media business with the Walt Disney India unit to create a Rs 70,352 crore joint venture. The company holds a 16.34% direct stake and 46.82% through Viacom 18. Disney will own a 36.84% stake. Positive for the stock
  • Reliance Industries

    26 Feb 2024 , 10:24AM As per media reports, Walt Disney and RIL have signed a binding agreement to merge their media operations in India. RIL is expected to own 61% stake in the merged entity. Reports are indicating that RIL is also mulling over the acquisition of Tata Play Ltd (a broadcast service provider), in which Disney holds a minority stake. The merger would help the combined entity to compete with Indian TV channels as well as online streaming players. Positive for RIL
  • Reliance Industries

    22 Feb 2024 , 11:48AM As per media reports, the BharatGPT group, backed by RIL and top engineering schools in India, aims to launch its first ChatGPT-style service (named Hanooman) in March 2024. The AI model developed with eight IITs will operate in 11 local languages across healthcare, governance, finance, and education sectors.
  • Reliance Industries

    15 Feb 2024 , 11:56AM As per media reports, Reliance Industries is in discussions to acquire a 29.8% stake in Tata Play from the Walt Disney Company. If the media reports are believed to be true, the move would further deepen RIL’s footprint in India’s television distribution sector.
  • Stock Update: Reliance Industries Ltd Q3FY24 Results

    23 Jan 2024 , 1:26PM Stock Update: Reliance Industries Ltd Q3FY24 Results- Decent Q3, oil & gas/retail perform well.
  • Reliance Industries

    16 Jan 2024 , 9:12AM As per media reports, RIL is one the key winners of electrolyser tender under SIGHT subsidy. Also, Jio Financial Services has announced launch of Phones, laptops on leases, home/consumer durable loans and insurance broking. Positive for Reliance Industries
  • RIL arm to sell REC Solar Norway for $22 mn

    15 Jan 2024 , 10:48AM Reliance Ind subsidiary, REC Solar Holdings to sell REC Solar Norway to Elkem ASA For $22 million
  • Reliance Industries

    26 Dec 2023 , 9:44AM As per media reports, Walt Disney and Reliance Industries have entered a non-binding agreement for the merger of their Indian media operations. Under the merger agreement, Reliance Industries will hold 51% stake via a combination of shares and cash, while Disney will be entitled to the remaining 49%. The deal is expected to be completed by February 2024. The merger would help the combined entity to compete with Indian TV channels as online streaming players. Positive for RIL.
  • Reliance Industries

    6 Nov 2023 , 1:51PM Arvind Fashions Ltd signed a share purchase agreement with Reliance Beauty and Personal Care Ltd to sell its wholly owned subsidiary Arvind Beauty Brand Retail Limited, which runs the Sephora business in India.
  • Reliance Industries

    26 Oct 2023 , 1:16PM Jio Partners with California's plume for smart home and small business services || Jio to deliver smart home services through Plume’s cloud platform to approx. 20 crores premises in India. Positive for the Stock
  • Reliance Industries

    25 Oct 2023 , 1:01PM As per media reports, RIL is nearing a cash-and-stock deal to acquire Walt Disney Co's India operations and the same is estimated to be valued in the range of $8-10 billion.
  • Reliance Industries

    9 Oct 2023 , 10:52AM Abu Dhabi Investment Authority will invest Rs 4,966.8 crore into Reliance Retail Ventures Limited for a 0.59% stake in the company. This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion) which is in-line with the latest valuation based on investment by KKR. More such investment by strategic and financial investors could be announced before likely IPO for Reliance Retail. Positive read through for RIL.
  • Reliance Industries

    25 Sep 2023 , 1:50PM RIL’s unit Reliance Retail Ventures has received the subscription amount of Rs 2,069.50 crore from KKR. It allotted 1.72 crore equity shares to KKR.
  • Reliance Industries

    20 Sep 2023 , 10:13AM Jio has announced the launch of Jio AirFiber services, its integrated end-to-end solution for home entertainment, smart home services and high-speed broadband, across 8 cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. JioAirFibre would expand addressable market for FTTH/FWA to >200 million homes and premises. Positive for RIL.
  • Reliance Industries

    12 Sep 2023 , 10:04AM Global investment firm KKR, through an affiliate, will invest Rs2,069.50 crore into Reliance Retail Ventures (RRVL, a subsidiary of RIL) which would translate into an additional take of 0.25% in RRVL and will take KKR total equity stake in RRVL to 1.42% on fully diluted basis. The investment values RRVL at Rs8.361 lakh crore which is higher than street valuation and marginally better than last valuation of Rs8.278 lakh crore based on investment by Qatar Investment Authority. More such investment by strategic and financial investors could be announced before likely IPO for Reliance Retail. Positive read through for RIL.
  • Reliance Industries

    7 Sep 2023 , 10:38AM Company’s subsidiary Reliance Retail Ventures has signed a joint venture with Alia Bhatt’s kids and maternity-wear brand, Ed-a-Mamma for a 51 percent majority stake. Further, subsidiary received the subscription amount of Rs 8,278 crore from Qatar Holding LLC (QIA) and allotted 6,86,35,010 equity shares to QIA.
  • Stock update – Reliance Industries: Progressing well on stated long-term goals

    29 Aug 2023 , 2:11PM Rating: Buy Reco. Price: Rs. 2,443 Reco. Price: Rs. 2,880
  • Reliance Industries

    28 Aug 2023 , 10:17AM The company 46th AGM is scheduled today. The key expectations include – 1) indication of timeline of IPO for Reliance Retail/Jio, 2) strategic road ramp for Jio Financial Services, 3) progress of investment in new energy business, 4) 5G roll out update and future digital services capex. We have Buy rating on RIL.
  • Reliance Industries

    25 Aug 2023 , 10:32AM As per media reports, Reliance Industries is considering selling an additional 8-10% stake in Reliance Retail Ventures Ltd (RRVL) before its planned IPO for Reliance Retail. The stake sale would be done in tranches over 12-15 months and the proceeds would be used for store expansion and debt reduction (gross/net debt of Rs318,685 crore/Rs12,6621 crore as of June 2023). An 8-10% stake sale in Reliance Retail would mean fund raising of $8-10 billion assuming valuation of ~$100 billion based on recent investment by QIA. We expect the upcoming RIL AGM would provide indication of timeline of potential IPO/listing of Reliance Retail/Jio. We have a Buy rating on RIL.
  • Reliance Industries

    24 Aug 2023 , 10:28AM Qatar Investment Authority (QIA - Qatar's sovereign wealth fund) to invest Rs8278 crore in Reliance Retail Ventures (RRVL, subsidiary of RIL) which would translate into a minority stake of 0.99% in RRVL on fully diluted basis. Our View: The investment values RRVL at $101 billion, which is higher than street valuation of $85-90 billion and last fundraising from various strategic investors (in 2020) at valuation of ~$60 billion.
  • Reliance Industries

    21 Aug 2023 , 10:25AM The company’s demerged entity Jio Financial Services Limited (JFSL) to get listed today. The discovered price is at Rs261.85/share.
  • Reliance Industries

    18 Aug 2023 , 2:32PM As per media reports, the listing of shares of Jio Financial Services (JFSL) will be on August 21, 2023. We highlight here that every shareholder of RIL will get 1 share of JFSL.
  • Reliance Industries

    7 Aug 2023 , 2:23PM The company FY23 annual report indicates listing of Jio Financial Services Limited (JFSL) soon. JFSL have been demerged recently and is expected to unlock value for shareholders and give them an opportunity to be a part of a growth from innovative digital financial solutions. We can also expect roadmap for potential listing of retail and digital services in the upcoming RIL AGM.
  • Reliance Industries

    27 Jul 2023 , 10:38AM Jio Financial Services Limited (JFSL) and BlackRock has announced an agreement to create "Jio BlackRock," a 50:50 joint venture. The JV will enter India's asset management industry and provide investment solution to investors. We highlight here that JFSL plans to build a Fintech platform to tap growth opportunities in financial services (consumer/merchant lending, insurance, payments, digital broking, and asset management). The announcement to enter asset management is just the start and we would see more announcements on JFSL’s entry into the multiple financial services business. We have Buy rating on RIL and upcoming AGM (expected by end August 2023) would provide more clarity on strategic road map for JFSL.
  • Reliance Industries

    26 Jul 2023 , 10:57AM As per media reports, Qatar Investment Authority (QIA - Qatar's sovereign wealth fund), is in talks to buy a minority stake of ~1% in Reliance Retail Ventures (subsidiary of RIL) for $1 billion. QIA is yet to approve the proposed deal. The news if true would value Reliance Retail at $100 billion, which is much higher than street valuation of $75-85 billion and last fundraising from various strategic investors (in 2020) at valuation of ~$60 billion. A Likely better-than-expected valuation for retail business by the strategic investor would be seen positively by the street. We have Buy rating on RIL.
  • Reliance Industries

    25 Jul 2023 , 11:53AM The company has announced partnership with Brookfield infrastructure & digital realty to set-up data center business in India. Partnership will focus to set up and develop data centers in India and RIL will hold 33.33% stake in each of Indian SPVs.
  • Reliance Industries

    20 Jul 2023 , 11:32AM Post the special session the indicative discovered price for Jio Financial Services (JFSL) is Rs261.85/share and the JFSL is expected get listed in three months time which could give benefit of listing gains. We expect more clarity and strategic road map for growth of JFSL in the upcoming RIL AGM. Further, there could indication of listing and potential value unlocking from retail and digital services. We maintain our positive stance on growth prospects for RIL and potential value unlocking for shareholders from financial services, retail and digital services. We believe that RIL is good long term term investment and thus maintain our Buy on the stock. We will come out with a detailed update report post Q1FY24 results tomorrow.
  • Reliance Industries

    20 Jul 2023 , 10:19AM Special pre-open session to be held today between 9-10 am to discover RIL ex-financial services businesses prices. As per the RIL press release, post demerger cost of acquisition of RIL share is 95.32% and that that for Jio Financial Services (JFSL) is at 4.68%. Thus, RIL last CMP implies acquisition value of Rs2,707/share for RIL and Rs133/share for JFSL. The price discovery would be different and value of JFSL is estimated in the range of Rs170-200/share.
  • Reliance Industries

    19 Jul 2023 , 10:50AM Recently NCLT has approved the demerger of financial services business of RIL and merger of the same with Reliance Strategic Investment Limited (RSIL), which will renamed Jio Financial Services Limited (JFSL). As per the scheme of arrangement, the investment of RIL in Reliance Industrial Investment and Holdings Limited (RIIHL) i.e. 6.1% treasury shares would be transferred to JFSL. Shareholder of RIL will get JFSL’s shares in 1:1 ratio and record date for determining equity shareholders of RIL has been fixed on July 20, 2023. JSFL plans to build a Fintech platform to tap growth opportunities in financial services (consumer/merchant lending, insurance, payments, digital broking, and asset management).
  • Reliance Industries (RIL) – Demerger of Financial Services business

    18 Jul 2023 , 12:32PM Contours of Reliance Ind Demerger of financial services business
  • Reliance Industries

    18 Jul 2023 , 10:27AM Jio Financial Services will be included in total 19 NSE indices with effect from July 20, after the demerger of Reliance Industries' financial services business into Reliance Strategic Investments. Reliance Strategic Investments will be renamed as Jio Financial Services.
  • Reliance Industries

    10 Jul 2023 , 9:53AM NCLT has approved the scheme of arrangement between RIL, its shareholders and creditors and Reliance Strategic Investments. Thus, the demerger of Jio Financial services to be effective from July 1, 2023 and the record date has been fixed at July 20, 2023. Also, the company’s board of directors has approved to reduce equity share capital of Reliance Retail to the extent held by shareholders other than Promoter and holding company. Upon reduction, these shares (0.07% or ~34 lakh shares as per media reports) held by a few public shareholders will get cancelled and extinguished. A consideration of Rs1362/share shall be paid toward towards reduction of equity shares. Demerger of Jio Financial Services and subsequent clear roadmap for listing and higher valuation for Reliance Retail is directionally positive for RIL. We will await more clarity from the upcoming RIL AGM.
  • Reliance Industries

    7 Jul 2023 , 10:12AM NCLT has approved demerger of Reliance Strategic Investments - Jio Financial Services. The record date for demerger is likely to be in July and August while listing is expected by September. Positive read through for RIL as demerger and subsequent likely listing of Jio Financial Services would result value unlocking as well as pave way for expansion of its financial services business.
  • Reliance Industries

    4 Jul 2023 , 10:43AM Reliance Jio (subsidiary of RIL) to launch Jio Bharat phone platform for Rs 999 and would start beta trial for first million JioBharat phones on July 7, 2023. The Jio Bharat phone will be tariff plan of Rs123/month (30% cheaper than compared to other operators) with unlimited calls and 14 GB data. Jio Bharat phone device is aimed to upgrade 2G subscribers to Jio 4G network.
  • Reliance Industries

    3 Jul 2023 , 11:37AM As per media reports, RIL and BP have started natural gas and condensate production from MJ field (which is the third deepwater field in India's KG D6 Block). Currently, RIL is producing ~18 mmscmd of natural gas from its two fields i.e. R-Cluster Field, and Satellite Cluster in KG D6 block and post ramp-up of MJ field, the natural gas production is estimated to reach 30 mmscmd (will account for one-third of India's domestic gas production). The ramp-up of natural gas production from KG D6 block is already factored in our estimates and price target of Rs3,050 for RIL.
  • Reliance Industries

    22 Jun 2023 , 10:51AM As per media reports, Reliance Consumer Products Ltd (RCPL, subsidiary of RIL) has announced the expansion of its indigenous consumer packaged goods brand, 'Independence,' to North India. Independence offers a wide range of products, including edible oils, grains, pulses, packaged foods, and other items for daily needs. Geographical and product portfolio expansion in FMCG is a positive for RIL as it would support long term growth for RIL.
  • Reliance Industries

    16 Jun 2023 , 10:27AM As per media reports, RIL is in talks with lenders for a foreign-currency loan of up to $2 billion to fund it's ongoing expansion of its oil-to-telecoms business.
  • Reliance Industries

    14 Jun 2023 , 11:27AM NCLT vide its order dated 7th June 2023 (uploaded on website on 13th June 2023) has approved withdrawal of scheme of amalgamation of Reliance New Energy Limited with Reliance Industries & their respective shareholders.
  • Reliance Industries

    10 May 2023 , 11:21AM The Delhi high court on Tuesday dismissed a petition filed by the Union government against a consortium led by Reliance Industries Ltd regarding a gas dispute in the Krishna Godavari basin. The ministry approached the court after an international arbitration panel rejected its fine of $1.55 billion on Reliance Industries and partners BP Plc and Niko Resources for allegedly selling gas that migrated from Oil and Natural Gas Corp Ltd’s (ONGC) KG blocks to their block.
  • Reliance Industries

    4 May 2023 , 10:51AM Reliance Industries: The shareholders, secured & unsecured creditors have approve the demerger of Financial Services business.
  • Reliance Industries

    2 May 2023 , 9:52AM A meeting of the company’s creditors and shareholders will be held today (May 02, 2023) to consider and approve demerger of Jio Financial Services.
  • Reliance Industries

    27 Apr 2023 , 12:52PM NSE has revised its methodology for Index and states that demerger company will be retained in NSE Index as compared to earlier methodology to exclude such companies. Positive for RIL given impending demerger (shareholders meet is scheduled on May 2, 2023) of Jio Financial services.
  • Reliance Industries

    24 Apr 2023 , 10:47AM Reliance Retail has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business. Circle E Retail has a specialisation in toy manufacturing and has a licence to manufacture and distribute a wide range of toys. Under this, Reliance Retail would have control over the entire aspects of the toy ecosystem, right from designing and manufacturing to retailing of the product. This will also help Reliance reduce dependency on third-party manufacturers in phases. This new venture will cater for Reliance’s toys brands - Hamleys and Rowan.
  • Reliance Industries

    12 Apr 2023 , 10:14AM As per media reports, RIL has initiated a process that could see the group unlock value in the backend warehousing and related logistics assets of its retail business, through an infrastructure investment trust (InvIT). The size of InvIT is expected to be at $2.4-3 billion. Potential value unlocking for backend retail business assets is positive for RIL.
  • Reliance Industries

    6 Apr 2023 , 11:36AM Reliance Retail Ltd has launched its omnichannel beauty & personal care retail platform Tira at Jio World Drive in Mumbai and plans to scale up the Tira store format across 100 cities in India.
  • Reliance Industries

    31 Mar 2023 , 3:01PM Reliance Industries (RIL): The meeting of creditors and shareholders of the company is scheduled on 2 May 2023 to consider demerger if Jio Financial Services (which has been approved by NCLT). Every shareholder of RIL will get 1 share of Jio Financial Services. Neutral for RIL.
  • Reliance Industries

    28 Mar 2023 , 1:02PM Jio, the telecom arm of billionaire Mukesh Ambani-led Reliance Industries, on March 27 announced new home broadband 'Back-up Plan' at Rs 1,490 for five months. This back-up broadband connection will enable users with uninterrupted streaming of upcoming Tata IPL tournament, besides other content including live sports, the company said in a statement. Users will get a choice to upgrade the speed from 10 Mbps to 30-100 Mbps as and when they need it, with 1/2/ 7-day options, it added. The plan will start on March 30, 2023.
  • Reliance Industries

    28 Mar 2023 , 1:01PM Jio, the telecom arm of billionaire Mukesh Ambani-led Reliance Industries, on March 27 announced new home broadband 'Back-up Plan' at Rs 1,490 for five months. This back-up broadband connection will enable users with uninterrupted streaming of upcoming Tata IPL tournament, besides other content including live sports, the company said in a statement. Users will get a choice to upgrade the speed from 10 Mbps to 30-100 Mbps as and when they need it, with 1/2/ 7-day options, it added. The plan will start on March 30, 2023.
  • Reliance Industries

    27 Mar 2023 , 2:25PM As per media reports, 5 new prepaid options have been introduced by Reliance Jio for its users ahead of the Indian Premier League (IPL) 2023. Prepaid Cricket plans of Rs. 999/399/219 3GB high speed daily data for 84/28/14 days with unlimited voice calling and 100 SMS/day and some additional benefits such as JioTV, JioCinema, JioSecurity and JioCloud have been introduced. New plans could help add new subscribers and this positive for the stock.
  • Reliance Industries

    27 Mar 2023 , 11:08AM The Board has designated Srikanth Venkatachari (Joint Chief Financial Officer of the Company since 2011) as the Chief Financial Officer of the Company with effect from June 1, 2023. He has replaced Alok Agarwal who will assume a new role as Senior Advisor to the Chairman and Managing Director of the Company and assist him on a wide range of strategic issues w.e.f June 1, 2023. Neutral to Positive read through
  • Reliance Industries

    23 Mar 2023 , 1:37PM Reliance Consumer Products, the FMCG arm of the company’s retail subsidiary Reliance Retail Ventures, expanded its FMCG portfolio with the launch of personal and home care products like detergents and soaps. Positive read through
  • Reliance Industries

    10 Mar 2023 , 12:03PM As per media reports, Reliance Consumer Products, the consumer goods arm of Reliance Retail Ventures, has relaunch the iconic beverage brand Campa (initially will include three new flavours - Campa Cola, Campa Lemon and Campa Orange) with a fresh look. Also, Reliance Polyester, formerly known as Reliance Petroleum Retail, completed the acquisition of polyester business of Shubhalakshmi Polyesters and Shubhlaxmi Polytex.
  • Reliance Jio subsidiary Radisys to acquire Mimosa Networks for $60 mn

    9 Mar 2023 , 11:02AM Airspan Networks Holdings, Radisys Corporation a subsidiary of Jio Platforms, announce signing of definitive agreements for sale of Mimosa Networks, Inc. to Radisys
  • Reliance Industries

    6 Jan 2023 , 11:05AM As per media reports, Reliance Jio to be official mobile partner of Manchester City in India. Man City's OTT platform CITY+ will be integrated into the JioTV platform and provide exclusive content to Indian viewers. Positive for Jio as it would support subscriber addition.
  • RCPL will acquire 50% stake in Sosyo Hajoori Beverages Pvt Ltd

    4 Jan 2023 , 2:18PM RCPL forms JV with 100 year old beverage maker Sosyo Hajoori Beverages Pvt Ltd
  • Reliance Industries

    4 Jan 2023 , 11:34AM Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Retail Ventures (RRV), has announced that it will acquire a 50% in Gujarat-based Sosyo Hajoori Beverages, the owner of soft drink brand Sosyo. It has several beverage brands in its portfolio including Sosyo, Kashmira, Lemee, Ginlim, Runner, Opener, Hajoori Soda and S’eau. Sosyo It has launched over 100 flavours with its strong expertise in developing formulations and loyal customer base in Gujarat. The acquisition would enhance RCPL’s beverage portfolio. We expect RIL to acquire more brands in FMCG space to ramp-up growth in the space, which would drive growth in its retail business.
  • Reliance Industries

    4 Jan 2023 , 11:33AM Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Retail Ventures (RRV), has announced that it will acquire a 50% in Gujarat-based Sosyo Hajoori Beverages, the owner of soft drink brand Sosyo. It has several beverage brands in its portfolio including Sosyo, Kashmira, Lemee, Ginlim, Runner, Opener, Hajoori Soda and S’eau. Sosyo It has launched over 100 flavours with its strong expertise in developing formulations and loyal customer base in Gujarat. The acquisition would enhance RCPL’s beverage portfolio. We expect RIL to acquire more brands in FMCG space to ramp-up growth in the space, which would drive growth in its retail business.
  • Reliance Industries

    2 Jan 2023 , 9:47AM The company has announced changes in the Object Clause of the Memorandum of Association (MOA) to undertake – 1) the business as civil, mechanical, electrical and chemical engineers as well as act as act as engineering and procurement contractors, Civil contractors, engineering contractors, engineering consultancy services, promoters, developers, labour contractors, construction contractors and 2) project management services, advisory services, asset life cycle management, turnkey projects. Long term positive for RIL.
  • Reliance Industries

    30 Dec 2022 , 11:50AM Reliance Retail Ventures, through it subsidiary RCPL, will acquire 51% stake in Lotus Chocolate Co. for Rs 74 crore at a price of Rs. 113 per share, and make an open offer to acquire up to 26%.
  • Reliance Industries

    23 Dec 2022 , 9:02AM Jio wins IOCL order for providing SD-WAN solution that will power IOCL’s retail automation and critical business processes, such as payment processing, daily price updates, Remote Desktop Protocol (RDP) software and network monitoring with enterprise-grade connectivity, Quality of Service (QOS) and 24x7 support across IOCL'S 7200 retail outlets for a period of 5 years.
  • Reliance Industries

    23 Dec 2022 , 9:01AM Reliance Projects & Property Management Services Limited ("RPPMSL"), a wholly owned subsidiary of Reliance Industries Limited has acquired 100% stake in Reliance Infratel by paying Rs. 5 crores for 50 lakh shares of RITL and Rs. 3720 crores for acquiring zero coupon convertible debentures of the company. The deal will add ~Rs. 1,200 crores to the topline and will provide synergetic benefts to Jio.
  • Reliance Industries

    22 Dec 2022 , 12:32PM Reliance Retail Ventures Ltd., a subsidiary of Reliance Industries Ltd., signed definitive agreements to acquire 100% equity stake in METRO Cash & Carry India Pvt Ltd for a total cash consideration of Rs 2,850 crore versus media expectations of Rs. 4,060 crores. The deal was valued at an attractive Price/Sales ratio of 0.37 and is expected to close by March 2023. It will add ~4% to Reliance Retail’s topline but will provide lot of synergistic benefits to Reliance Retail. Reliance Retail will get access to a wide network of METRO India stores located in prime locations across key cities, a large base of registered kiranas and other institutional customers, strong supplier network and some of the global best practices implemented by METRO in India. Our view: Positive for Reliance Industries.
  • Reliance Retail Ventures acquires METRO India

    22 Dec 2022 , 12:24PM Reliance Retail Ventures acquires METRO Cash & Carry India for Rs. 2,850 cr
  • Reliance Industries

    16 Dec 2022 , 11:41AM As per media reports, Reliance Retail Ventures-backed FMCG firm, Reliance Consumer Products has launched its consumer-packaged goods brand, 'Independence' in Gujarat. Independence brand offers a wide range of products under several categories including staples (edible oils, pulses, grains among others), processed foods, and other daily essentials. We see this as positive as it would support growth in RIL’s retail business and expect ramp-up of such FMCG brands in other cities as well. In another news, the company’s unit Reliance Digital Health to acquire 2.25% Stake in Synchron INC (Advance Endovascular Brain-Computer Interface company).
  • Reliance Industries

    24 Nov 2022 , 9:47AM Reliance Jio, the telecom arm of the company, launched 5G services in Pune
  • Reliance Industries

    22 Nov 2022 , 10:54AM As per media reports, Reliance Jio has received NCLT (National Company Law Tribunal) approval for the acquisition of Reliance Infratel (RITL). The NCLT has asked Jio to deposit Rs3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of Reliance Infratel.
  • Reliance Industries

    14 Oct 2022 , 12:19PM As per media articles, Reliance Industries Ltd. is in advanced talks to acquire Metro AG’s wholesale operations in India to strengthen its presence in India’s retail sector.
  • Reliance Industries

    10 Oct 2022 , 12:09PM RIL and Reliance Jio are in talks with lenders to raise up to $1.5 billion (~Rs12,400 crore) and $2.5 billion (~20,600 crore), respectively, in foreign loans. The fund raised would support RIL’s capital expenditure plan.
  • Reliance Industries

    3 Oct 2022 , 2:10PM As per media reports, Reliance Jio will launch a budget laptop priced at $184 (~Rs15,000) with an embedded 4G sim card with aim to replicate the success of its low-cost JioPhone in India's highly price-sensitive market. Jio has partnered with global giants Qualcomm and Microsoft for the JioBook, with the former powering its computing chips based on technology from Arm Ltd, and the Windows OS maker providing support for some apps.
  • Reliance Industries

    23 Sep 2022 , 11:36AM Reliance New Energy Limited (subsidiary of RIL) has announced to invest $12 million in US based company Caelux Corporation for 20% stake. Caelux is engaged in the development of perovskite-based solar technology. The investment will accelerate product and technology development for Caelux.
  • Reliance New Energy to invest in Caelux Corporation

    23 Sep 2022 , 10:12AM Reliance New Energy to acquire 20% stake in Caelux Corp for $12 m
  • Reliance Industries

    22 Sep 2022 , 1:12PM Reliance Industries (RIL): As per media reports, Reliance Retail (subsidiary of RIL) is planning to launch its own clothing and accessories store chain (internally called Regalia) to compete with likes of Zara and H&M. Reliance Retail could open six stores initially with 20000-30000 sq. feet area. RIL's focus to expand in retail business would drive growth in the coming years and is positive for the stock. We have Buy rating on RIL.
  • Reliance Industries

    22 Sep 2022 , 10:07AM As per media reports, Reliance Retail is in advanced talks to get the rights for French beauty retailer Sephora in India. Any positive development on above would further strengthen Reliance Retail’s product offering in beauty and personal care segment.
  • Reliance Industries

    9 Sep 2022 , 12:24PM As per media reports, Reliance Jio (subsidiary of RIL) is expected to soon finalise its contract with telecom gear maker Ericsson to roll out its 5G network in Mumbai/Kolkata and with Nokia for 5G launch in Delhi under its first phase to launch 5G services in October. This is on expected lines as RIL has already indicated Jio 5G services launch in metros by October 2022.
  • Reliance Industries

    6 Sep 2022 , 12:20PM The company has entered into definitive agreements with SenseHawk Inc. to acquire 79.4% stake in the latter for a total consideration of $32million. SenseHawk is a US based Solar Digitization Platform (SDP) with customers throughout the solar asset lifecycle in the US, EMEA, APAC, and SEA. SenseHawk offers an SDP SaaS for process optimization, automation, and asset information management. SenseHawk helps accelerate solar projects from planning to production by helping companies streamline processes and use automation. SenseHawk has helped 140+ customers in 15 countries adopt new technology for their 600+ sites and assets totalling 100+ GW. The acquisition is in-line with RIL’s aim to establish 100 GW of solar energy projects by 2030. Positive read through for RIL.
  • Stock update- Reliance Industries

    30 Aug 2022 , 9:55AM Stock update- Reliance Industries, Succession plan and growth capex key focus
  • Reliance Industries

    29 Aug 2022 , 10:10AM Reliance Industries (AGM expectations): RIL will held its AGM today and key expects are -1) update on new energy capex as it has plan of $10 billion investment in the space, 2) Jio – 5G roll out plan as the spectrum auction is over now and potential launch of 5G phone, 3) value unlocking plan with potential IPO for Jio/Reliance Retail, 4) monetisation of stake Reliance Syngas and 5) Retail growth plan and investment in Metro Cash and Carry’s India operations.
  • Reliance Industries

    24 Aug 2022 , 10:02AM The retail arm, Reliance Retail, has entered the FMCG space as it takes its private label brands, sold at its supermarkets and hypermarkets, Reliance Fresh and Reliance Smart, to general trade. They plan to sell groceries, personal care products, and home care products. Over a period, the company may also come up with stock keeping units (SKU) only for the general trade
  • Reliance Industries

    5 Aug 2022 , 9:40AM The company subsidiary Reliance Brands has signed a long-term franchise agreement with the global luxury brand Balenciaga and as per the agreement Reliance Brands will be the sole partner to launch in India. The partnership would expand Reliance Retail’s fashion & lifestyle offerings as Balenciaga has wide product range from men/women’s wear and various accessories. Positive for RIL as the addition of luxury brands bodes well for growth in the retail business.
  • Reliance Industries

    21 Jul 2022 , 2:47PM An Indian court agreed to send Future Retail Ltd. into bankruptcy and thus allowing the creditors to find a new owner for the retailer. The court also appointed an administrator to take over the management at Future Retail. This gives an opportunity to RIL to once again take think to acquire Future Retail under NCLT and could be potential positive for RIL as takeover of Future Retail could accelerate its retail market share gain. We have Buy rating on RIL.
  • Reliance Industries

    12 Jul 2022 , 1:09PM As per media reports, RIL is in race to bid for Germany Metro AG (a leading international player in wholesale and food retail with operation in 34 countries) in India at a deal valuation of $1-1.2 billion. Metro Cash & Carry operates 31 wholesale distribution centers in India in varies cities including Mumbai, Delhi and Bengaluru. A potential acquisition of Metro is expected further strengthen retail footprint of Reliance Retail in India. We have Buy rating on RIL.
  • Reliance Industries

    7 Jul 2022 , 1:30PM Reliance Retail (subsidiary of RIL) has entered a long-term partnership with Gap Inc. to bring iconic American fashion brand Gap to India. Reliance Retail has become the official retailer for Gap across all channels in India and will introduce Gap’s latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.
  • Reliance Industries

    1 Jul 2022 , 3:48PM Reliance Industries (RIL): The government notification has clarified that diesel/petrol/ATF export duty of Rs13/litre/Rs6/litre/Rs6/litre would be applicable for entire refinery production and SEZ refinery unit (35mtpa refining capacity) is not exempted from above windfall tax. This is negative for RIL as assuming overall export at 50% of total throughput would mean sizable impact of more than Rs20,000 crore on earnings due to loss from additional windfall duties.
  • Reliance Industries

    1 Jul 2022 , 2:35PM Reliance Brands enters into strategic partnership with UK-based food & organic coffee chain ‘Pret A Manger’. Reliance Brands with open Pret A Manger chains across India starting with major cities. The partnership marks RIL's foray into F&B industry.
  • Reliance Industries

    29 Jun 2022 , 10:23AM The company's subsidiary Reliance Jio Infocomm has named Akash Ambani as new chairman. This indicates succession plan at RIL before potential launch of IPOs for its consumer businesses (Jio and Retail) and is directionally positive for the stock. We have Buy rating on RIL
  • Reliance Industries

    23 Jun 2022 , 10:24AM Reliance Industries (RIL): Jio-bp has entered into a partnership with Nexus Malls for the rollout of EV charging stations and battery swapping stations across its portfolio of 17 malls in 13 cities. Additionally, high refining margins (Singapore complex GRM at $29-30/bbl currently versus only $7.9/bbl in Q4FY22) bodes well for higher earnings in Q1FY23 for the standalone business. We have Buy rating on RIL.
  • Reliance Industries

    16 Jun 2022 , 2:31PM Reliance Industries (RIL): Jio-bp, the fuel and mobility joint venture between RIL and bp, will provide EV mobility services to Zomato along with access to "Jio-bp pulse" branded battery swapping stations for last mile delivery. The agreement would support Zomato’s aim to achieve a 100 percent electric vehicle fleet by 2030.
  • RIL hogs limelight

    3 Jun 2022 , 1:50PM RIL trading with healthy gains, in today’s market
  • Reliance Industries (RIL)

    2 Jun 2022 , 2:43PM Reliance Brands Limited (RBL – subsidiary of RIL) and Plastic Legno SPA have signed a joint venture arrangement through which RBL will acquire a 40% stake in Plastic Legno SPA’s toy manufacturing business in India. This investment by RBL would bring in vertical integration for RBL’s toy business and diversify the supply chain with a long-term strategic interest in building toy manufacturing in India.
  • Reliance Brands inks a JV with Plastic Legno Spa

    2 Jun 2022 , 10:28AM RBL will acquire a 40% stake in Plastic Legno SPA's toy manufacturing business in India
  • Reliance Industries

    16 May 2022 , 2:17PM As per media reports, RIL plans will acquire small grocery and non-food brands with target to as building its own $6.5 billion consumer goods business. We believe that this would help RIL to gain market share in India retail market and achieve its aim of 3x growth in retail revenue over next 3-5 years. We have Buy rating on RIL.
  • Reliance Industries

    29 Apr 2022 , 10:41AM Reliance Industries (RIL): As per media reports, RIL may make announcement on potential IPO for its consumer centric businesses – Reliance Retail and Reliance Jio Platforms. Media reports are indicating that RIL is likely to raise Rs50,000-75,000 crore ($6.5 billion to $10 billion) in the stake sale for 10% stake in the above companies. Both Retail and Jio may also have global listing along listing in India. We have been highlights in our reports that a likely IPO for retail and Jio would unlock value and add to shareholders return over coming years. We have Buy rating on RIL.
  • Reliance Industries

    28 Apr 2022 , 12:25PM As per media reports, RIL and Apollo Global Management may jointly bid for UK’s Walgreens Boots (an international drug unit with 2,200 stores in UK). Media reports are indicating valuation of $9.5-10 billion for Walgreens Boots A successful bid would help Boots expand its presence into India, Southeast Asia and the Middle East and support RIL’s India pharma retailing presence although it is not clear that how much stake RIL would hold in Walgreens Boots
  • RIL, Viacom18 join hands with Bodhi Tree Systems

    28 Apr 2022 , 10:17AM Strategic partnership between Reliance, Bodhi Tree Systems and Paramount Global committed to innovation and distribution in the media and entertainment sector in India
  • Market cap of Reliance Industries crosses Rs. 19 lakh cr

    27 Apr 2022 , 11:38AM Reliance Industries at a record high, Market Cap crosses Rs. 19 lakh crore
  • Reliance Industries

    27 Apr 2022 , 9:40AM Reliance Industries (RIL): The company and the Abu Dhabi Chemicals Derivatives Company RSC (TA’ZIZ) has signed a shareholder agreement for a $2 billion (final investment decision to be taken latter this year) chemical project in Ruwais, Abu Dhabi. The project will focus on production of chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC), which is used in a wide range of industrial applications. Additionally, RIL has signed a new strategic agreement with ADNOC for upstream collaboration and decarbonisation of operations. Chemical projected is expected create to new revenue stream for RIL and ADNOC. Positive read through for RIL.
  • Reliance Industries

    25 Apr 2022 , 9:34AM The company has called off its proposed deal of Rs24,173 crore to acquire assets of Future Group as secured lenders of the latter have voted against the deal. We do not see any material impact on RIL as it has already taken ownership of ~900 retail stores (including premium Big Bazaar stores) or ~50% of total outlets of Future Retail. We expect an impact on lenders of Future Group as they may have to take a haircut on the loan amount.
  • Reliance Industries (RIL) and Future Group

    22 Apr 2022 , 11:54AM As per media reports, Future Group’s top lenders has rejected proposed deal for sale of its retail, wholesale and logistics assets to Reliance Retail Ventures Ltd due lower valuation offered from the initial offer of Rs24,713 crore agreed in 2020. This is negative for Future Retail but don’t see much impact on RIL as it well placed to grow in the India retail space.
  • Reliance Industries

    5 Apr 2022 , 10:07AM Bank's advances grew by ~10% y-o-y and 3% q-o-q to Rs. 1,47,644 crore in Q4FY22 with retail and wholesale book increasing by 10.4% y-o-y and 8.3% y-o-y respectively. Retail to wholesale mix improved to 55:45 in FY22 versus 54:46 in FY21. Its deposits rose by 5% y-o-y and 4% q-o-q. CASA deposits grew by 3% y-o-y with CASA ratio at 36.9% vs 36.7% in Q3FY22. Positive.
  • RIL gains 2% in weak market

    22 Mar 2022 , 11:34AM Reliance Industries Ltd (RIL) rises over 2% to Rs. 2,520.5, in morning session
  • Reliance Industries

    21 Mar 2022 , 2:01PM Reliance Retail Ventures (subsidiary of RIL) has acquired 89% equity stake in Purple Panda Fashions, which owns and operates Clovia—a direct-to-consumer brand for women's innerwear and loungewear. RIL will make an investment of Rs950 crore. The company's strategy to acquire premium brands in fashion & lifestyle segment bodes well for medium to long term growth of retail business. Positive read through for RIL.
  • Reliance Retail buys stake in Purple Panda Fashions

    21 Mar 2022 , 12:40PM RRVL acquires 89% equity stake in Purple Panda Fashions Pvt Ltd, which owns and operates the Clovia business
  • Reliance New Energy acquires assets of Lithium Werks

    15 Mar 2022 , 9:46AM Reliance New Energy acquires Lithium Werks' assets for $61 million
  • Reliance Industries

    10 Mar 2022 , 2:04PM As per media reports, RIL is looking to defer planned maintenance at its Jamnagar oil refining facility and increase crude processing to supply diesel to Europe and take advantage of supply crunch due to Russia’s invasion of Ukraine. This could benefit RIL in case of surge in diesel crack spreads.
  • RIL, Sanmina Corp ink pact to create manufacturing JV

    3 Mar 2022 , 10:28AM Sanmina Corporation, Reliance Industries ink pact for electronics manufacturing in India
  • Reliance Industries

    3 Mar 2022 , 9:36AM Reliance Strategic Business Ventures Limited (RSBVL) has entered into an agreement with Sanmina Corporation (a leading integrated manufacturing solutions company) to create a joint venture through an investment in Sanmina’s existing Indian entity (Sanmina SCI India Private Ltd, “SIPL”). The joint venture will create a world-class electronic manufacturing hub in India to cater to domestic as well as export markets across industries like communications networking (5G, cloud infrastructure, hyperscale datacenters), medical & healthcare systems, industrial & cleantech and defence & aerospace. RSBVL will hold 50.1% stake in the JV with investment of Rs1670 crore. Medium to long term positive for RIL.
  • Reliance Industries

    28 Feb 2022 , 10:55AM As per media reports, RIL will take-over majority of 200 stores (Big Bazar) of Future Retail as Future Retail has not paid lease rentals to RIL. RIL will rebrand the stores and targets to reopen the same shortly. This is positive for RIL as it would augment retail footprint of the company.
  • Reliance Industries

    15 Feb 2022 , 9:51AM Jio Platforms, subsidiary of RIL, will invest 200 million in Glance, which is a Singapore-based artificial intelligence (AI)-driven lock-screen live content and commerce platform. Glance has also entered into an arrangement with Reliance Retail for integration of its ‘lock screen platform’ into the JioPhone Next smartphones to transform the internet experience for millions of Jio users. Positive read through for RIL.
  • Jio Platforms to invest US$200 million in Glance

    15 Feb 2022 , 9:47AM Investment to expedite Glance’s vision of bringing Internet to Smartphone Lock Screens Globally
  • Reliance Industries

    14 Feb 2022 , 11:55AM Jio Platforms Limited (JPL), subsidiary of RIL, has announced joint venture with SES (a leading global satellite-based content connectivity solutions provider) for form Jio Space Technology Limited. JV will deliver the next generation scalable and affordable broadband services in India leveraging satellite technology. JPL and SES will own 51% and 49% equity stake in the joint venture respectively. SES’s satellite data and connectivity services and Jio’s sales reach in India to help tap broadband opportunity in India. Long term positive for RIL.
  • Reliance Industries

    27 Jan 2022 , 12:34PM Reliance Industries (RIL): As per media reports, Jio-bp, a joint venture between RIL and BP has launched India’s largest EV charging hub in Delhi as part of strategy to operate a fuel retail network, offering multiple fuel choices including EV charging infrastructure.
  • Reliance Industries

    25 Jan 2022 , 10:37AM As per media reports, RIL has initiated talks with global investors to raise as much as $3 billion in equity to fund capex plan in the renewable energy business. Also, the company expects its upstream business to benefit from likely 60% rise in domestic gas price cap for offshore gas production (currently producing 18 mmscmd and target to take the same to 30 mmscmd in 2023). Higher global LNG price is also positive for RIL’s petcoke gasification profitability. We have Buy rating on RIL.
  • Stock update: Reliance Industries Q3FY22 result review

    24 Jan 2022 , 12:51PM Stock update: Reliance Industries Q3FY22 result review – Consumer biz drives strong Q3
  • Reliance Industries

    19 Jan 2022 , 10:13AM Reliance Jio Infocomm has prepaid Rs30,791 crore for clearing all deferred spectrum liabilities acquired in auctions prior to March 2021. This would help it to save interest cost of Rs1200 crore annually and thus positive for RIL and we have Buy rating on the stock
  • Reliance Industries

    18 Jan 2022 , 3:56PM As per media reports, RIL is believed to have acquired majority stake in robotic start-up Addverb Technologies for $132 million. Addverb Technologies automates intralogistics and operations for the business and could benefit RIL’s retail business. We await official announcement by RIL on the RIL.
  • RIL inks MoU with Govt. of Gujarat

    14 Jan 2022 , 10:57AM RIL signs MoU for investment of Rs 5.95 lakh crore in Gujarat
  • Reliance Industries

    14 Jan 2022 , 10:33AM Reliance Industries has signed MoU for an investment of Rs 5.95 lakh crore in the clean energy business in the state of Gujarat. The company pledges to invest Rs5 lakh crore in the state over the span of 10 to 15 years to set up 100 GW Renewable Energy Power Plant and Green Hydrogen Eco-System development. RIL’s initiatives for decarbonisation and creating a green ecosystem would turn out to be positive for the company.
  • Reliance Industries

    7 Jan 2022 , 10:55AM Reliance Retail Ventures Limited (subsidiary of RIL) has invested $200 million in Dunzo (India's leading quick commerce player) and will own 25.8% stake in Dunzo on fully diluted basis. Currently Dunzo is available across 7 metro cities in India and the additional capital (raised in total $240 million from exiting investors and Reliance Retail) will be used to expand the quick commerce business to 15 cities. The quick commerce category has an addressable market opportunity of US$50+ billion and RIL’s investment in Dunzo is positive for growth in its retail business. We have Buy rating on RIL.
  • RIL executes an agreement to acquire 40% in Sterling & Wilson from Shapoorji Pallonji

    7 Jan 2022 , 10:49AM Acquires 1.84 cr shares of sterling & Wilson for Rs. 690 cr
  • Reliance Industries

    3 Jan 2022 , 11:58AM Reliance Industries: The Finance Committee of the Board of Directors of the company has approved the proposal for issuance of senior unsecured US$ denominated fixed rate notes for an aggregate amount up to US$5 billion in one or more tranches. The fund would be mainly used for refinancing existing borrowings.
  • Reliance New Energy Solar to Acquire Faradion

    31 Dec 2021 , 12:14PM Reliance New Energy Solar acquires 100% stake in Faradion Ltd
  • Reliance Industries

    20 Dec 2021 , 9:48AM Reliance: CCI has suspended Amazon’s 2019 deal to acquire stake in Future group and has also imposed a penalty of Rs202 crore on Amazon for hiding facts and making false statements while seeking regulatory approvals in 2019. This would turn out to be positive for Reliance as it clears the path for Reliance Retail Ventures to acquire the retail and wholesale business of future group now.
  • Reliance Industries

    15 Dec 2021 , 9:35AM As per media reports, Saudi Aramco along with some financial investors is exploring investment opportunity in Reliance New Energy Solar Limited, which is wholly owned subsidiary of RIL to take business of clean energy. We highlight here that RIL has planned overall capex of $10 billion in clean energy business over next three years and potential investment by global players would be positive for RIL as it could help unlock value from new energy & material business. Also, media reports are indicating that the Competition Commission of India is reviewing its prior approval of the investment by Amazon in a Future Group in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction. We believe that likely revoking of Amazon-Future deal would remove key overhang for the proposed RIL-Future Group deal and would be positive for RIL.
  • Reliance Industries

    13 Dec 2021 , 11:54AM The company has formed a consortium with Assets Care and Reconstruction Enterprises Limited to bid for bankrupt textile maker Sintex Industries. We see this a largely neutral for RIL given small size of Sintex Industries.
  • M&M, Reliance Industries

    9 Dec 2021 , 9:38AM M&M has announced a non-binding MOU with Reliance BP Mobility Limited (RBML), operating under the brand name Jio-bp, for exploring creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels. Both the companies would jointly explore creation of solutions on battery swapping technology for 3-wheelers and explore business models like Mobility as a Service (MaaS) and Battery as a Service (BaaS). Positive read thru
  • Reliance Industries (RIL)

    8 Dec 2021 , 10:28AM Abu Dhabi Chemicals Derivatives Company RSC Ltd (“TA’ZIZ”) and RIL have agreed to launch ‘TA’ZIZ EDC & PVC’, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The new joint-venture will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) production facility, with an investment of more than $2 billion. This is RIL’s first investment in the MENA region and production of new chemicals is a long-term positive for RIL.
  • TA'ZIZ and Reliance launch strategic JV for $2 billion chemicals projects in Ruwais

    8 Dec 2021 , 9:18AM First investment by Reliance in the region strengthens ties between the UAE and India
  • Stock update: Reliance Industries

    30 Nov 2021 , 9:19AM Stock update: Reliance Industries - Telecom tariff hike boosts growth outlook
  • Stock update: Reliance Industries

    30 Nov 2021 , 9:15AM Stock update: Reliance Industries - Telecom tariff hike boosts growth outlook
  • Reliance Industries

    25 Nov 2021 , 9:58AM The company's board of directors has approved scheme of arrangement to transfer gasification undertaking to a wholly owned subsidiary Reliance Syngas Limited. Gasification project was set-up to produce syngas to meet the energy requirement. The move is aimed to use syngas for upgrading to high value chemicals and hydrogen. The scheme would help RIL to unlock value of syngas with potential introduction of strategic investor and is positive for RIL. We have Buy rating on the stock.
  • Reliance Industries

    22 Nov 2021 , 11:40AM RIL and Saudi Aramco has mutually determined to re-evaluate the proposed investment by Saudi Aramco in RIL's O2C business considering the changed context. Consequently, RIL has withdrawn its current application with NCLT to separate its O2C business from RIL.
  • RIL plunges on calling-off Saudi Aramco deal

    22 Nov 2021 , 11:00AM Reliance Industries slips over 4% to Rs. 2368.2, as company call-off the deal with global oil giant Saudi Aramco
  • Reliance Industries

    9 Nov 2021 , 9:18AM Reliance Eagleford Upstream Holding LP (subsidiary of RIL) has signed agreements with Ensign Operating III LLC to divest interest in certain upstream assets in the Eagle Ford Shale play in Texas, U.S. With this transaction, RIL has exited from the shale gas business in North America. Although shale gas business does not account for much in RIL’s valuation, but the sale deal is at a consideration higher than the current carrying value of the assets, which is positive for RIL. We have Buy rating on RIL.
  • RIL to launch JioPhone Next on Nov 4

    1 Nov 2021 , 11:11AM Launch would increase pace of new subscriber additions
  • RIL to invest in Google-backed firm

    21 Oct 2021 , 12:49PM May participate in start-up Dunzo’s fundraising round
  • Reliance Industries

    20 Oct 2021 , 11:49AM As per media reports, Reliance Retail Ventures Ltd (RRVL is a subsidiary of RIL) has bought majority stake in fashion designer Ritu Kumar’s Ritika Private Limited. The deal size has not been disclosed but media reports indicates that RRVL acquired 52% stake in Ritika Private Limited.
  • Reliance Industries

    19 Oct 2021 , 11:43AM As per media reports, Reliance Retails has got permission of NCLT to hold extraordinary general meetings (EGMs) and seek nod of creditors and shareholders for its proposed acquisition of Future Group’s retail business
  • RIL announces investment in Germany-based company

    13 Oct 2021 , 11:27AM Proposes investment by RNESL in NexWafe GmbH and India Strategic Partnership Agreement between the parties
  • Reliance Industries

    13 Oct 2021 , 9:43AM Reliance New Energy Solar (RNESL, wholly owned subsidiary of RIL) has entered into an agreement with NexWafe GmbH for acquisition of Series C preference shares worth Euro25 million at a price of Euro287.73/share. Also, a strategic agreement has between both companies for development of Monocrystalline 'Green Solar Wafers' which are grown directly from inexpensive raw materials. RNESL will secure access to NexWafe’s proprietary technology and plans to build large-scale wafer manufacturing facilities in India. In another development, RNESL has signed a cooperation agreement with Stiesdal for technology development and manufacturing of Hydrogen Electrolyzers. RIL’s recent acquisition and investment in renewable energy is a positive step and fastrack its ambition to expand in the space (targets to establish ~100GW of solar energy by 2030). We have Buy rating on RIL.
  • Reliance Industries

    12 Oct 2021 , 10:02AM As per media reports, Future Group and Amazon are likely to start negotiations for a possible out-of-court settlement of a year-long legal standoff over the proposed sale of Future Group retail assets to Reliance Retail. The settlement would be focus on likely ways to financially compensate Amazon for its minority stake in a promoter company of Future Retail Limited (FRL). Any positive resolution would fasten the RIL-Future Group deal process and act as positive catalyst for RIL as acquisition of future retail assets would further strengthen its market share in India’s organised retail space. We have Buy rating on RIL.
  • Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar

    11 Oct 2021 , 9:43AM Reliance New Energy Solar acquires REC Solar Holdings for $771 million
  • Reliance Industries

    11 Oct 2021 , 9:34AM Reliance New Energy Solar (RNESL), a subsidiary of the company, has acquired REC Solar Holdings AS from China National Bluestar Co for an enterprise value of $771 million. REC Solar is one of the world's leading solar cell, panels and polysilicon manufacturer. Also, RNESL will acquire 40% stake in Sterling & Wilson Solar Limited (SWSL) through a series of transaction at a price of Rs375/share (14% discount to SWSL last closing price of Rs435/share). Transaction includes preferential issue of 2.93 crore equity shares aggregating to Rs1,100 crore or 15.46% stake, acquisition of 1.84 crore shares from Shapoorji Pallonji and Company aggregating to Rs690 crore or 9.7% stake and acquisition of 4.92 equity shares from open offer.
  • Reliance Industries at a record high

    8 Oct 2021 , 2:41PM Reliance Industries Market cap Rs 18 lakh crore
  • Reliance Industries

    7 Oct 2021 , 1:08PM Reliance Retail Ventures Limited (RRVL – subsidiary of RIL) has entered into a master franchise agreement with 7-Eleven, Inc. (“SEI”) for the launch of 7-Eleven convenience stores in India. The first 7-Eleven store will be opened on October 9 in Andheri East, Mumbai and this will be followed by a rapid rollout in key neighborhoods and commercial areas, across the Greater Mumbai cluster. The partnership would further improve the reach of Reliance Retail to the customers and is positive for the stock. We have Buy rating on RIL.
  • Reliance Industries

    4 Oct 2021 , 11:06AM The company has incorporated a new wholly owned subsidiary Reliance International Limited (RINL) in UAE to undertake activities relating trading of crude oil, petroleum products, petrochemicals and agricultural commodities. RINL is yet to commence its business operations.
  • Reliance Industries and Future Group

    29 Sep 2021 , 9:49AM The Mumbai Bench of the National Company Law Tribunal (NCLT) has passed an order, allowing the Future Group permission to meet with its shareholders and creditors for the purpose of seeking approval for the sale of its assets to Reliance Retail Ltd. The NCLT rejected the intervention application filed by Amazon on the Reliance-Future deal. Positive for RIL as potential deal with Future Group would further strengthen its already dominant position in Indian organized retail space. We have Buy rating on RIL.
  • Reliance Industries

    28 Sep 2021 , 9:40AM As per media reports, RIL may invest ~$300 million in Glance, owned by adtech unicorn InMobi. Glance is a content discovery platform and delivers AI-driven personalised content in multiple languages including English, Hindi, Tamil and Telugu. The platform claims to have 125 million daily active users as of July 2021. The deal if goes through would further strengthen Jio’s digital offerings and is positive for RIL. We have Buy rating on the stock.
  • Stock Update: Reliance Industries

    21 Sep 2021 , 9:43AM Stock Update: Reliance Industries – Retail to drive next leg of growth
  • Reliance Industries

    15 Sep 2021 , 10:39AM As per media reports, RIL is in talks with China's Hualu Engineering and Technology Company for manufacturing of polysilicon, which a key ingredient in manufacturing solar panels. We highlight here that RIL has plan to investment Rs75,000 crore over next three years in clean energy (targets to establish ~100GW of solar energy by 2030 or 22% of India’s target of 450GW by 2030).
  • Reliance Industries

    13 Sep 2021 , 11:43AM Reliance Industries: Jio Platforms has delayed the launch of JioPhone Next till November (from earlier launch schedule of September 10, 2021) due to global shortage of chipsets. Jio smartphone is being co-developed with Google. We do not see minor delay in launch of JioPhone Next as a concern and likely launch in November to help Jio maintain its strong subscriber addition trajectory.
  • Reliance Industries

    9 Sep 2021 , 2:22PM As per media reports, JIO-BP has signed agreement with BluSmart (urban mobility solution company) to set-up EV charging station on Pan-India basis for passenger vehicles and fleets. Jio-BP has 1,400 retail outlets currently and plans to increase the same to 5,000 retail outlets. This would help in augment its EV infrastructure and enhance mobility solutions. We have Buy rating on RIL.
  • Reliance Industries

    9 Sep 2021 , 9:42AM As per media reports, the government is working on a production linked incentive (PLI) scheme for electrolysers, which would help in establishment of 10GW of green hydrogen capacity. This would help reduce capital cost for setting up green hydrogen plant. Any development of on PLI would be positive for RIL as the company has recently announced plans to set-up electrolyser giga factory (to manufacture modular electrolysers) for production of green hydrogen.
  • Reliance Industries

    6 Sep 2021 , 9:19AM The company’s wholly owned subsidiary Reliance Strategic Business Ventures, has acquired 2.28 crore equity shares of Strand Life Sciences Private Limited for a cash consideration of Rs393 crore. A further investment of up to Rs160 crore is expected to be completed by March 2023. The total investment will translate into 80.3% of equity share capital in Strand on a fully diluted basis. We view the investment positively as the same would help RIL ramp-up its digital healthcare ecosystem. We have Buy rating on RIL.
  • Reliance Industries hits record high

    3 Sep 2021 , 2:03PM Market capitalisation of Reliance Industries is back above Rs 16 lakh cr
  • Reliance Retail acquires sole control of Just Dial. RIL up

    3 Sep 2021 , 11:01AM RIL rises by 2% to Rs. 2,334.6, as Reliance Retail Ventures acquire sole control of Just Dial on September 01, 2021
  • Reliance Industries

    3 Sep 2021 , 9:46AM Reliance Industries: The company’s subsidiary Reliance Retail Ventures Limited (RRVL) has now taken sole control of Just Dial Limited and now holds 40.98% stake in Just Dial.
  • Reliance Industries hits Rs. 2,300 mark

    2 Sep 2021 , 2:43PM Reliance Industries hits Rs 2,300 mark for first time since October 2020
  • Reliance Industries

    31 Aug 2021 , 9:41AM As per media reports, RIL is close to acquire REC Group (Europe’s largest solar panel manufacturer with capacity of 1.8 GW) for $1-1.2 billion from China National Chemical Corp. This seems in line with RIL''s strategy to investment (target of Rs75,000 crore over next three years) in clean energy (targets to establish ~100GW of solar energy by 2030 or 22% of India’s target of 450GW by 2030). Positive for RIL as the potential acquisition could fastrack its renewable energy (RE) plans. We have Buy rating on RIL.
  • Reliance Industries

    26 Aug 2021 , 10:41AM As per media reports, RIL has set up team for its New Energy Council, which would be headed by R Mashelkar (RIL National Research Professor and Independent Director) and would eight global energy experts. This is positive for RIL and would help it shape its strategy for clean energy investment plan of Rs75000 crore over next three years.
  • Reliance Industries

    16 Aug 2021 , 1:16PM Reliance Industries (RIL): As per media reports, Saudi Aramco is in advanced talks to acquire 20% stake in RIL’s oil-to-chemicals (O2C) business. Any development on this front will be positive for RIL as it would further unlock value and benchmark valuation for its O2C business and further strengthen balance sheet to pursue inorganic growth opportunities. We have Buy rating on RIL.
  • Reliance Industries

    11 Aug 2021 , 10:04AM Reliance New Energy Solar Ltd (subsidiary of RIL) has announced to invest $50 million in Ambri Inc. (American energy storage company). The investment would help RIL to commercialise and grow its Long-Duration Energy Storage Applications business globally and is positive for RIL. We have Buy rating on the stock.
  • Reliance Industries

    10 Aug 2021 , 10:10AM RIL announced an investment of USD 50 million in an energy storage company in the US
  • Reliance Industries subsidiary invests Rs20 crore in Neolync Solutions

    6 Aug 2021 , 10:45AM Reliance Industries subsidiary invests Rs20 crore in Neolync Solutions as a part of the Company’s 5G initiative
  • Reliance Industries

    5 Aug 2021 , 9:34AM The company has announced to double its PET recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh. Srichakra Ecotex India will build and operate the new recycled PSF – Recron GreenGold and PET flakes wash-line in Andhra Pradesh for RIL. The plant will help Reliance to more than double its recycling capacity to 5 billion post-consumer PET bottle. This is in-line with RIL’s strategy for waste-to-raw material as it would convert post-consumer PET bottles into value added fibres and is positive for RIL. We have Buy rating on the stock.
  • Reliance Industries

    3 Aug 2021 , 11:38AM Reliance Industries (RIL): The company has invested Rs1 lakh in its newly incorporated subsidiary ‘Reliance New Energy Solar Limited’ to undertake activities relating to solar energy. We highlight here that RIL targets to establish ~100GW of solar energy by 2030 (22% of India’s target of 450GW by 2030). We have Buy rating on RIL.
  • Reliance Industries

    2 Aug 2021 , 9:31AM As per media reports, Reliance Industries is in talks with restaurant chain, Subway Inc, to buy its India franchise for $200-250 million (Rs1,488-1,860 crore). Likely addition of branded restaurant chain like Subway would further aid to its retail business and would be positive for RIL. We have Buy rating on RIL.
  • Reliance Industries – Stock update (Q1FY22 results):

    26 Jul 2021 , 10:45AM Reliance Industries – Stock update (Q1FY22 results): In-line quarter, Jio delivers strong performance
  • Reliance Industries – Stock update (Q1FY22 results):

    26 Jul 2021 , 10:44AM Reliance Industries – Stock update (Q1FY22 results): In-line quarter, Jio delivers strong performance
  • Reliance Industries

    22 Jul 2021 , 12:29PM In line with its announcement in recent AGM, RIL has appointed Yasir Al Rumayyan (Chairman of Saudi Aramco and the Governor of the Public Investment Fund) as an Independent Director on its board with effect from July 19, 2021. Induction of Saudi Aramco chairman to RIL’s board points towards potential deal in O2C business and likely value unlocking. We have Buy rating on RIL.
  • Reliance Industries

    16 Jul 2021 , 9:43AM Reliance Industries (RIL): As per media reports, RIL is planning to list its retail and O2C business in FY22. Any development on this front would help further value unlocking and aid to shareholder’s return. We have Buy rating on RIL.
  • RIL invests Rs 1 lakh in Reliance New Energy Solar

    13 Jul 2021 , 10:33AM Investment in Reliance New Energy Solar Ltd
  • Reliance Industries

    13 Jul 2021 , 9:17AM As per media reports, the company has incorporated wholly owned subsidiary ‘Reliance New Energy Solar’ to undertake activities relating to solar energy. We highlight here that RIL targets to establish ~100GW of solar energy by 2030 (22% of India’s target of 450GW by 2030). We have Buy rating on RIL.
  • Reliance Industries

    8 Jul 2021 , 9:13AM As per media reports, RIL is looking to acquire Norwegian solar module manufacturers REC given the company push for investment in renewable energy (planning to invest Rs75000 cr across the RE value chain). REC Group has annual solar panel capacity of 1.8GW and has installed 10GW of capacity globally. The move is directionally in line with RIL''s strategy to investment in clean energy and we await for valuation details for the likely acquisition of REC by RIL.
  • Reliance Industries

    30 Jun 2021 , 9:33AM Reliance Industries: The company has entered into a partnered with Abu Dhabi National Oil Company (ADNOC) to set up a new petrochemical complex in Ruwais, Abu Dhabi. The petrochemical will have capacity to produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually. In our view, setting up of the plant may take time but investment in petrochemicals seems in right direction as downstream players are focused to increase petrochemical intensity in their downstream operations. We have Buy rating on RIL.
  • Reliance Industries

    29 Jun 2021 , 9:34AM As per media reports, RIL and Abu Dhabi National Oil Co (ADNOC - a state-run oil company of the UAE), are believed to have finalised plans to build a petrochemical joint venture to manufacture ethylene dichloride (EDC) at ADNOC’s integrated refining and petrochemicals complex in Ruwais. The media reports are indicating investment of $1.2-1.5 billion by RIL in the petrochemical joint venture. In our view, setting up of the plant may take time but investment in petrochemicals seems in right direction. We have Buy rating on RIL.
  • Reliance Industries

    28 Jun 2021 , 10:51AM Reliance Industries (RIL): The company has announced restart of its fluidized catalytic cracker unit at its export refinery at Jamnagar (Gujarat) post an emergency shutdown taken on June 6, 2021. The repairs works has been completed and the unit and stabilised with normal throughput levels. The restart of FCC units is positive for RIL
  • Reliance Industries (RIL) AGM key takeaways

    25 Jun 2021 , 10:42AM Capex plan of Rs75000 crore for New energy; Saudi Aramco Chairman to join RIL board; Jio-Google 4G Smartphone by Sep’21 and aim to grow retail business 3x in the next 3-5 years
  • Reliance Industries

    24 Jun 2021 , 10:03AM RIL AGM is scheduled today and key expects are: 1) indication of timeline for potential deal in oil-to-chemicals (O2C) business with Saudi Aramco for a minority stake sale and likely appointment of Chairman of Saudi Aramco on RIL’s board, 2) initiatives to ramp-up new avenues in consumer business (broadband and JioMart) and 3) update on Jio-Google phone (pricing and launch timeline) and 4) expansion in green energy side. Also, Fitch Ratings has upgraded RIL’s foreign-currency debt rating to BBB (a level higher than India’s sovereign ranking) while the local-currency rating stands at BBB+. Any positive development on minority stake sale in O2C business with Saudi Aramco would be help unlock value and rating upgrade is positive for RIL.
  • Reliance Industries

    16 Jun 2021 , 1:57PM We expect RIL AGM to provide update on Jio-Google feature phones (pricing and timelines), likely launch of affordable laptop for work from home and timeline for potential deal in O2C business with Saudi Aramco and likely induction of Saudi Armaco Chairman to RIL board. Potential deal in O2C business could unlock value for the company. RIL AGM is scheduled on June 24, 2021
  • Reliance Industries

    10 Jun 2021 , 10:22AM Reliance Industries: The company has announced to take an emergency shutdown of Fluidized Catalytic Cracker Unit (FCCU) in its Jamnagar refinery complex. There would be some delay in the shipments of the product to customers. All other units in the Jamnagar refining complex operating normally. Neutral read through for RIL as we do not see any material impact on refinery utilisation for the full year.
  • Reliance Industries

    9 Jun 2021 , 10:31AM Reliance Partly Paid (PP) shares would list on the exchanges on June 10, 2021 post the second instalment for partly paid shares.
  • Reliance Industries

    3 Jun 2021 , 9:04AM Reliance Industries: The company in its FY2021 Annual Report has made some important announcement including its target to complete separation of oil-to-chemicals (O2C) businesses into a subsidiary in 2021, reduction in debt with pre-payment of ~$7.8 billion of long-term foreign currency debt and target to reach 30mmscmd (15% of India’s gas demand) by 2023 from its three oil & gas fields in KG basin. We believe that value unlocking from O2C business with a likely announcement on minority stake sale in O2C and potential IPOs in coming years for its consumer business (Reliance Jio and Reliance Retail) are key near to medium term catalyst for RIL. We have Buy rating on RIL.
  • Reliance Industries

    1 Jun 2021 , 10:29AM Reliance Industries (RIL): As per media reports, Reliance Retail (subsidiary of RIL) has emerged as the front runner to partner with Gap Inc as the India Franchisee, but the final deal is yet be signed between the two companies. Potential deal with a global brand like Gap Inc would be positive for retail and benefit RIL. We have Buy rating on RIL.
  • Reliance Industries

    4 May 2021 , 9:14AM As per media reports, Saudi Aramco is in talks with RIL to acquire a 20% stake in latter’s oil-to-chemical (O2C) business. Media reports are indicating that deal (estimated at $15 billion for 20% stake in RIL’s O2C business) would be structured in the form of cash and stocks of Saudi Aramco. RIL could be offered a 1% stake in Saudi Aramco and the remaining in in staggered cash payments. We believe that the potential deal would be positive for RIL as it would help in value unlocking for O2C business and cash inflow would further strengthen balance sheet to pursue growth opportunities. We maintain Buy on RIL.
  • Reliance Industries

    26 Apr 2021 , 10:18AM Reliance Industries (RIL): The company along with its upstream partner BP has announced the start of gas production from its Satellite Cluster gas field in block KG D6. The Satellite Cluster is the second of the three developments (R Cluster, Satellite Cluster and MJ) to come onstream, following the start-up R Cluster in December 2020. All the three deep water discoveries in KG D-6 block are expected to jointly produce ~30mmdcmd of natural gas by 2023 (meeting up to 15% of India’s gas demand). The start of production from R Cluster and Satellite Cluster is positive for RIL as it would revive its upstream business. We have Buy rating on RIL.
  • Reliance, bp start up second new deepwater gas field in India’s KG D6 block

    26 Apr 2021 , 10:12AM RIL is the operator of the block with a 66.67% participating interest and bp holds a 33.33% participating interest
  • Reliance Industries

    8 Apr 2021 , 9:12AM SEBI has imposed penalty of Rs25 crore on Mukesh Ambani and other family members and the same pertains to increase in promoter stake on RIL by 6.83% post the warrant conversion without making an open offer. This is very small penalty for RIL and thus no impact on the company.
  • Reliance Industries and Bharti Airtel

    7 Apr 2021 , 11:35AM Reliance Jio Infocomm Ltd, subsidiary of RIL, has signed a definitive agreement with Bharti Airtel to acquire he rights to use a total of 7.5 MHz spectrum under 800 MHz band (3.75 MHz in Andhra Pradesh, 2.5 MHz in Mumbai and 1.25 MHz in Delhi) through spectrum trading. Reliance Jio will pay Rs1,497 crore (including associated deferred payment liability of Rs 459 crore) to Bharti Airtel to purchase the spectrum in the three circles. Post the deal, Reliance Jio will double its spectrum in the Mumbai, Andhra Pradesh and Delhi circles to 30 MHz, 20 Mhz and 20 MHz, respectively and the same is positive as it would improve network capacity. Spectrum sale is also positive for Bharti Airtel as it has enabled Bharti Airtel to unlock value from the spectrum (which was unutilised). We have Buy rating on RIL and Bharti Airtel.
  • Reliance Industries

    5 Apr 2021 , 11:12AM The company has secured approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into a separate unit. The company has received approval from SEBI, stock exchanges, shareholders and creditors. Now the approval form NCLT is pending the same is expected by Q2FY2021. We highlight here that O2C subsidiary would facilitate participation by strategic and financial investors (potential minority stake sale to Saudi Aramco in O2C business) and is positive for RIL as it would benchmarking of valuation for O2C and further strengthen RIL’s balance sheet. We maintain our Buy rating on RIL.
  • Reliance Industries

    1 Apr 2021 , 10:51AM ): As per media reports, RIL-BP consortium seeks bids to sell additional gas from its KG-D6 block from April-end. The important thing here would be gas pricing formula as spot LNG price has corrected sharply to $6.5/mmbtu (from $12-13/mmbtu in February 2021). The revival of gas production bodes well for RIL’s upstream business.
  • Reliance Industries

    30 Mar 2021 , 11:41AM Reliance Industries (RIL): The company has finalised timeline of first call money of Rs314.25/share on partly paid of right share of RIL between 17-31, May 2021 and the second call of Rs628.5/share will be between 15-29 November 2021.
  • Reliance Industries

    24 Mar 2021 , 11:04AM Saudi Aramco has said in its recent earnings conference call that it is still in discussion with RIL to evaluate existing opportunities for potential partnership in RIL’s O2C business (Saudi Aramco could buy minority stake of 20%). We highlight here that RIL is in process to hive off its oil-to-chemicals (O2C) business as a separate subsidiary company. Any development on potential deal with Saudi Aramco would be positive for RIL as it would help in value unlocking for O2C business and further strengthen balance sheet. We maintain Buy on RIL.
  • Reliance Industries and Future Group companies

    19 Mar 2021 , 10:22AM Delhi High Court has upheld the Singapore International Arbitration Centre's order and restrained Future Retail from going ahead with its Rs24,713 crore deal with Reliance Retail to sell its business. This is negative for Future Group companies like Future Retail but do not see any material impact on RIL given its already dominant position in Indian organized retail space.
  • Reliance Industries

    10 Mar 2021 , 9:34AM Jio has launched integrated enterprise grade fiber service to micro, small and medium businesses (MSMB – estimated at 50 million) with a monthly rental plan of Rs5001, which is attractive with ~50% discount with tariff plans offers by other operators. The service offer includes voice and data services, digital solution and also devices to enable digital solutions. The attractive enterprise grade fiber plan is likely to drive MSMB subscriber addition and to development revenues stream of Jio and thus we believe that is positive for Reliance Industries. We have Buy rating on RIL.
  • RIL gains on O2C biz spin-off into 100% subsidiary

    23 Feb 2021 , 10:55AM RIL rises over 2% to Rs. 2,049.95, as company announces O2C business spin-off into 100% subsidiary
  • Reliance Industries

    23 Feb 2021 , 9:10AM The company has initiated the process of carving out the oil-to-chemical (O2C) business into an independent subsidiary. RIL has already received approval from SEBI and stock exchanges and NCLT approval is expected by Q2FY22. The reorganisation of the O2C business will have no change in the company's shareholding and there will be no impact on consolidated financials. RIL will identified four growth engines – O2C, Digital, Retail and New material & new energy (hydrogen, renewables, batteries and advanced & specialty materials). Our view: We highlight here that O2C subsidiary would facilitate participation by strategic and financial investors (potential minority stake sale to Saudi Aramco in O2C business) and is positive for RIL as it would benchmarking of valuation for O2C and further strengthen RIL’s balance sheet. We maintain our Buy rating on RIL.
  • Reliance Industries

    19 Feb 2021 , 9:10AM As per media reports, RIL is finalising the contours to demerge its oil-to-chemicals (O2C)) business into a wholly owned separate company and the move is expected to facilitate potential minority stake sale in its O2C business to Saudi Aramco. We highlight here that RIL and Saudi Aramco had entered into a non-binding agreement in August 2019 wherein latter would acquire 20% stake in RIL’s O2C business for an EV of $75 billion. Any development on this front will be positive for RIL as it would further strengthen its balance sheet and benchmark valuation for O2C business. We have Buy rating on RIL.
  • Reliance Industries and Future Group

    9 Feb 2021 , 10:05AM Delhi High Court has stayed the order of the single judge in Future Retail versus Amazon case where in a status quo order was given on Rs24,713 crore Future Group- Reliance Retail deal until the order on interim relief sought by Amazon is pronounced. Delhi High Court also said that statutory authorities like SEBI and CCI could not be restrained from proceeding in accordance with law. The development is positive for Reliance Industries and Future Group companies.
  • Reliance Industries' subsidiary to sell Marcellus Shale Assets

    4 Feb 2021 , 11:18AM RIL arm signs agreement with Northern Oil and Gas, Inc to sell all of its assets in Marcellus shale play of south-western Pennsylvania
  • Reliance Industries

    4 Feb 2021 , 9:51AM Reliance Marcellus, LLC (RMLLC), a wholly owned subsidiary of RIL, has signed an agreement with Northern Oil and Gas, Inc (NOG) to sell all of its assets in Marcellus shale play of south-western Pennsylvania to the latter at a consideration of $250 million and warrants that give entitlement to purchase 3.25 million common shares of NOG at an exercise price of $14/share n next seven years. We believe that existing loss-making US shale gas assets is directionally positive but RIL’s overseas E&P portfolio is quite small in term of valuation perspective.
  • Future Retail and Reliance Industries

    3 Feb 2021 , 9:40AM Delhi High Court has ordered status quo on Rs24,713 crore Future Group-RIL deal until the order on interim relief sought by Amazon is pronounced. We highlight here that Amazon had sought enforcement of the Emergency Arbitrator's order which had put temporary hold on the transaction between Future Retail and Reliance Retail. Negative for Future Group companies but we do not see any material impact for RIL given its already strong position in Indian organised retail space. We maintain Buy rating on RIL.
  • Reliance Industries – Stock update

    25 Jan 2021 , 11:57AM Reliance Industries – Stock update (Q3FY21 results): Jio bright spot; standalone biz miss estimate
  • SEBI approves Reliance-Future group deal

    21 Jan 2021 , 11:23AM RIL rises by 3% to Rs. 2,110.15, after Future group-Reliance Industries deal receives SEBI nod with observations
  • Reliance Industries (RIL) and Future Group Companies

    21 Jan 2021 , 9:43AM Reliance Industries (RIL) and Future Group Companies: SEBI has granted conditional approval to Future Group's scheme of arrangement and sale of assets for Rs24,713 crore to Reliance Retail (subsidiary of RIL). The SEBI approval is based on the condition that the litigations pending before the Delhi high court and arbitration proceedings by the Amazon should be disclosed by Future Group while seeking shareholders or National Company Law Tribunal approval and go-ahead for the draft scheme of arrangement would be subject to outcome of the these proceeding. Based on this, the Bombay Stock Exchange has also granted a 'no adverse observation' report to the deal. Positive read through for RIL as the likely successful completion of the deal with Future Group would further consolidate its position in the Indian organised retail space. We have Buy rating on RIL.
  • Reliance Industries

    4 Jan 2021 , 11:03AM SEBI has imposed penalties of Rs25 crore on RIL and Rs15 crore on its Chairman (Mukesh Ambani) for alleged manipulative and fraudulent trading in the shares of erstwhile Reliance Petroleum, back in November 2007. Also, Navi Mumbai SEZ Private Limited has been asked to pay a penalty of Rs20 crore.
  • R-Jio calls to be free from January 1, 2021

    31 Dec 2020 , 3:12PM Announcement comes in line with end of interconnect usage charges (IUC) for all domestic calls
  • RIL-BP invite bidders for KG-D6 gas

    30 Dec 2020 , 12:50PM GAIL and CGD companies would benefit from ramp-up of domestic gas production
  • Reliance, BP announce first gas from Asia's deepest project

    18 Dec 2020 , 4:28PM RIL, BP announces the start of production from the R Cluster
  • Reliance Industries

    18 Dec 2020 , 11:30AM As per media reports, The Supreme Court has asked RIL to deposit Rs250 crore, which is 50% of the disgorged amount of Rs 447 crore, as ordered by the Securities Appellate Tribunal in a case related to the sale of Reliance Petroleum (RPL) shares by RIL in November 2007.
  • Reliance Industries

    10 Dec 2020 , 10:32AM Reliance Industries (RIL): As per media reports, NSE has filed no objection for draft scheme of arrangement between RIL and Reliance O2C. We highlight here that RIL’s board of directors has already approved proposal to spin off its oil-to-chemicals (O2C) business into a separate subsidiary (expected to get completed by early 2021 post receipt of regulatory approvals), which would facilitate strategic partnership with global players in O2C business. We have Buy rating on RIL.
  • Reliance Industries

    10 Dec 2020 , 10:30AM As per media reports, NSE has filed no objection for draft scheme of arrangement between RIL and Reliance O2C. We highlight here that RIL’s board of directors has already approved proposal to spin off its oil-to-chemicals (O2C) business into a separate subsidiary (expected to get completed by early 2021 post receipt of regulatory approvals), which would facilitate strategic partnership with global players in O2C business. We have Buy rating on RIL.
  • Reliance Industries

    20 Nov 2020 , 9:37AM Reliance Industries (RIL): Reliance Retail Ventures Limited (RRVL) has completed current phase of fund raising and have received Rs47,265 crore from nine investor for 10.1% stake sale in Reliance Retail. As per the latest deal the EV for Reliance Retail works out to be ~$62.6 billion (higher than street estimate of $50-60 billion valuation for Reliance Retail). We cannot rule out further value unlocking in retail business, which would add value to shareholders return over coming years. We have Buy rating on RIL.
  • RIL arm acquires stake in Urban Ladder Home Decor

    17 Nov 2020 , 10:24AM RIL acquires majority stake in furniture retailer urban ladder for Rs. 182 crore
  • Reliance Industries

    17 Nov 2020 , 9:39AM Reliance Retail Ventures Limited (RRVL), a subsidiary of RIL, has acquired 96% stake in Urban Ladder Home Décor Solutions Private Limited (UrbanLadder) for a cash consideration of ~Rs182 crore and would make further investment of Rs75 crore (to be completed by December 2023). UrbanLadder is in the business of operating a digital platform for home furniture and décor products and also has a chain of retail stores in several cities across India with revenues of Rs434 crore and PAT of Rs49.4 crore in FY2019. Although the acquisition is small in terms of investment for RIL but it would further diversify its on-line offering in home furniture and décor products.
  • Reliance Industries

    13 Nov 2020 , 11:19AM The Company has entered into a definitive agreement, for making capital contribution, up to $50 million, in Breakthrough Energy Ventures II, L.P. (BEV). The capital contribution commitment of $50 million constitutes 5.75% of the size of the fund contemplated at present and will be invested in tranches over next 8-10 years. BEV plans to provide solutions for the climate crisis through development of breakthrough energy and agriculture technologies. BEV will invest the funds raised from the investors to support innovation in clean energy solutions. Neutral read through for RIL given small size of investment.
  • RIL receives subscription amount from PIF

    10 Nov 2020 , 9:38AM Reliance Industries receives Rs. 9,555 crore subscription amount from PIF
  • Reliance Industries

    9 Nov 2020 , 1:33PM As per media reports, the proposed deal between RIL and Saudi Aramco for sale stake in oil-to-chemical (O2C) which was delayed due to COVID-19 is gaining momentum now. We highlight here that RIL’s board of directors has already approved proposal to spin off its oil-to-chemicals (O2C) business into a separate subsidiary (expected to get completes by early 2021), which would facilitate strategic partnership with global players in O2C business. Any announcement of RIL-Saudi Aramco deal would further strengthen RIL’s balance sheet and benchmark the valuation of refining and petrochemical business. We maintain our Buy rating on RIL.
  • RIL jumps in strong market

    6 Nov 2020 , 9:58AM RIL rises by 3% to Rs. 2,013.75, as Saudi PIF to invest $1.3 bln in Reliance Retail Ventures
  • Reliance Industries

    6 Nov 2020 , 9:38AM The Public Investment Fund (PIF – Saudi’s sovereign wealth funds) will invest Rs9,555 crore in Reliance Retail Ventures for 2.04% equity stake on fully diluted basis. The equity valuation of Rs4.6 lakh crore ($62.4 billion) for Reliance Retail is at 7% premium to previous deal (ADIA deal at equity valuation of Rs4.3 lak crore). With debt of Rs4,618 crore on the books of Reliance Retail, the EV for Reliance Retail works out to be ~$62.6 billion (higher than street estimate of $50-60 billion valuation for Reliance Retail). Higher deal valuation is positive as street would re-align its valuation of Reliance Retail based the latest valuation. We maintain our Buy rating on RIL.
  • Reliance Industries – Stock update

    2 Nov 2020 , 11:59AM Reliance Industries – Stock update (Q2FY21 results): Robust Q2 rides on petchem, retail biz
  • Reliance Industries (RIL) and Future Group

    30 Oct 2020 , 12:07PM As per media reports, Amazon’s Indian arm has sent a written request to SEBI, BSE and NSE to not approve the Reliance Retail-Future Group deal given interim order passed by the Singapore International Arbitration Centre to temporarily hold the deal. We continue to believe that this would not have any material impact on RIL given its already dominant position and thus maintain our Buy rating on RIL. However, any delay in regulatory approval would be negative for Future Group companies.
  • Reliance Industries

    26 Oct 2020 , 11:56AM As per media reports, Directorate General of Trade Remedies (DGTR) has initiated anti-dumping probe on imports of Low Density Polyethylene (LDPE) from USA, UAE, Qatar, Saudi Arabia, Singapore and Thailand on the request of Chemical & Petrochemicals Manufacturers Association. LDPE is primarily used to production of plastic bags, food packaging, Adhesive tapes and Mattress. We highlight here that if there is any anti-dumping duty on LDPE than it would benefit Reliance Industries as it has the largest LDPE capacity in India. Also, media reports are hinting that RIL is rolling back salary cuts for the employees (which was cut by 10-50% in April 2020) of its hydrocarbons division and is also giving out performance bonus (which was deferred due impact on business by coronavirus lockdown). This indicated improving overall business environment for RIL’s hydrocarbons division.
  • Reliance Industries and Future Group

    26 Oct 2020 , 9:35AM Arbitration panel says Future Group cannot sell its retail business to RIL for Rs24,713 crore and provides Amazon an interim relief as the arbitration order is valid for 90 days. However, Reliance Retail has stated that it intends to enforce its rights and complete the transaction in terms of the scheme and agreement with Future Group without any delay. We believe that hold on RIL-Future Group deal is temporary and does not see any material impact on RIL given its already dominant position (with store count of 11,784 in FY2020 versus only 1388 for Future Retail and 348 for Future Lifestyle) in Indian retail space. We maintain Buy rating on RIL.
  • Reliance Industries

    21 Oct 2020 , 11:33AM Qualcomm Technologies and Jio Platforms (Jio) along with its wholly owned subsidiary Radisys Corporation has announced to develop open and interoperable interface compliant architecture based 5G solutions with a virtualized RAN. The partners also achieved over 1 Gbps milestone on the Jio 5G NR solution. 5G technology would provide higher data rates, low latency communications and enhanced digital experiences. With this partnership Jio aims to fast track the development and roll out of indigenous 5G network infrastructure and services in India.
  • Reliance Industries, Future Group

    20 Oct 2020 , 12:32PM As per media reports, Singapore arbitration court is expected to give its ruling in Amazon-Future Group dispute on or before October 26, 2020 to decide the fate of Future Group-RIL deal. We highlight here that Amazon has sent a legal notice to Future Group with objection to RIL-Future Group deal (RIL announced the deal to acquire the entire retail, wholesale, logistics and warehousing businesses of the Future Group for consideration of Rs24,713 crore) and the arbitration is going in Singapore.
  • Reliance Industries

    15 Oct 2020 , 11:51AM Reliance Retail Ventures Limited (RRVL), a subsidiary of RIL, had received the subscription amount of Rs5,550 Crore from Alyssum Asia Holdings II Pte. Ltd. (KKR) and allotted 81,348,479 equity shares of RRVL to KKR.
  • Reliance Industries

    13 Oct 2020 , 2:03PM As per media reports, RIL is planning to enter smart electricity meter market and plans to leverage its Jio business to offer meter data collection, communication cards, telecom and cloud hosting services to electricity distribution companies (discoms). We highlight here that government’s smart meter programme aims to replace 250 million conventional meters.
  • Reliance Industries

    13 Oct 2020 , 9:43AM As per media reports, Amazon seeks Singapore arbitration court to halt recent acquisition of Future group business by RIL as it against contractual term between Amazon and Future Group.
  • Reliance Industries

    8 Oct 2020 , 4:05PM As per media reports, Amazon and Future Group have agreed for arbitration in Singapore (as per dispute resolution mechanism in the contract) with regards to a legal notice to Future Group wherein Amazon has objected to RIL-Future Group deal citing non-compete agreement with Future Group. Amazon Global is overseeing the dispute with Future Group. We highlight here that Reliance Retail Ventures Limited (RRVL) had announced a deal to acquire the entire retail, wholesale, logistics and warehousing businesses of the Future Group for consideration of Rs24,713 crore.
  • Reliance Industries

    8 Oct 2020 , 10:54AM As per media reports, Amazon has sent a legal notice to Future Group with objection to RIL-Future Group deal citing non-compete agreement with Future Group. The industry experts (including banks) have stated that RIL have acquired assets of Future Group companies and does not see impact on the deal from legal notice by Amazon. We highlight here that Reliance Retail Ventures Limited (RRVL) had announced a deal to acquire the entire retail, wholesale, logistics and warehousing businesses of the Future Group for consideration of Rs24,713 crore.
  • ADIA to invest Rs. 5,512.50 crore in Reliance Retail

    7 Oct 2020 , 9:55AM Reliance Retail Ventures will sell a 1.2% stake to Abu Dhabi Investment Authority (ADIA) for Rs. 5,512.50 crore
  • Reliance Industries

    7 Oct 2020 , 9:37AM Abu Dhabi Investment Authority (ADIA) will invest Rs5,512.5 crore in Reliance Retail Ventures for 1.20% equity stake on fully diluted basis. The equity valuation of Rs4.3 lakh crore for Reliance Retail is in line with the previous deals and RIL has so far raised Rs37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA. We maintain our Buy rating on RIL.
  • Reliance Industries

    5 Oct 2020 , 10:32AM The company announced that Mubadala Investment (Abu Dhabi-based sovereign fund), GIC (Singapore's global investment firm) and (TPG) Private Equity firm) will invest Rs6,247.5 crore, Rs5,512.5 crore and Rs 1,837.5 crore respectively in Reliance Retail for an equity stake of 1.4%, 1.22% and 0.4%. The equity valuation of Rs4.3 lakh crore for Reliance Retail is in line with the previous deals and RIL has so far raised Rs32,198 crore by selling 7.1% stake in Reliance Retail. Additionally, RIL’s subsidiaries will also fund its fibre InvIT and thus will raise Rs14,706 crore from subsidiaries and promoter companies along with a loan of Rs25,000 crore from promoter companies to reduce debt and fund expansion. We maintain our Buy rating on RIL.
  • Reliance Industries

    1 Oct 2020 , 9:38AM ): Reliance Retail Ventures Limited (RRVL) announced that co-investors of Silver Lake will invest an additional Rs1,875 crore into RRVL, which would take aggregate investment by Silver Lake and its co-investors in RRVL to Rs9,375 crore, translating into a 2.13% equity stake in RRVL on a fully diluted basis. This latest investment values Reliance Retail at a pre-money equity value of ₹ 4.3 lakh crore (in line with recent deal with General Atlantic). RIL has also received subscription of Rs1895 crore from Intel Capital Corporation and Rs730 crore from Qualcomm Asia Pacific for their investment in Jio Platforms. We could expect series of stake sale in Reliance Retail (media reports indicating that investors like Abu Dhabi Investment Authority, Saudi’s Public Investment Fund and Mubadala Fund are interested to acquire stake in Reliance Retail) also as seen in the case of Jio Platforms. Induction of strategic investors in Reliance Retail should be positive for RIL and would further strengthen its balance sheet given potential large fund raising through stake sale in Reliance Retail. We maintain our Buy rating on RIL.
  • General Atlantic to invest Rs. 3,675 crore in Reliance Retail

    30 Sep 2020 , 9:54AM US based private equity firm General Atlantic will invest Rs. 3675 crore in Reliance Retail Ventures for a 0.84% stake
  • Reliance Industries

    30 Sep 2020 , 9:40AM Reliance Retail Ventures Limited (RRVL) announced that General Atlantic (a leading global growth equity firm) will invest Rs3,675 crore into RRVL for 0.84% stake in RRVL on fully diluted basis. This investment values Reliance Retail at a pre-money equity value of Rs4.3 lakh crore (which is 2% higher than previous deals with Silver Lake and KKR). We could expect series of stake sale in Reliance Retail (media reports indicating that investors like Abu Dhabi Investment Authority, Saudi’s Public Investment Fund and Mubadala Fund are interested to acquire stake in Reliance Retail) also as seen in the case of Jio Platforms. Induction of strategic investors in Reliance Retail should be positive for RIL and would further strengthen its balance sheet given potential large fund raising through stake sale in Reliance Retail. We maintain our Buy rating on RIL.
  • RIL's retail arm receives Rs. 7500 cr from Silver Lake

    28 Sep 2020 , 3:07PM RIL gets Rs. 7,500 crore from Silver Lake for 1.75% stake in retail arm
  • Reliance Industries

    28 Sep 2020 , 11:31AM As per media reports, General Atlantic and TPG are in talks with RIL to invest up to $1 billion each in Reliance Retail and Advent International also expressed interest to invest in Reliance Retail. Also, Reliance Retail has received subscription amount of Rs7,500 crore from Silver Lake for 1.75% stake. Also, media reports are indicating that RIL would acquire United Telelinks (a mobile manufactures) or enter into an agreement with focus to manufacture entry level mobile phones. We could expect series of stake sale in Reliance Retail as seen in the case of Jio Platforms. Induction of strategic investors in Reliance Retail should be positive for RIL and would further strengthen RIL’s balance sheet given potential large fund raising through stake sale in Reliance Retail. We maintain our Buy rating on RIL.
  • Reliance Industries

    25 Sep 2020 , 9:53AM As per media reports, Reliance Retail, subsidiary of RIL, is in talks with Electronics Mart India (a consumer durables retail chain), for a possible acquisition. The talks are going on valuation front and likely ask price by Electronics Mart India is at Rs3000 crore. Electronics Mart operates 60 stores in South India. With recent fund raising by RIL, we believe that the company would continue acquisition which would help it to further consolidate its position in India’s organised retail space.
  • Reliance Industries

    24 Sep 2020 , 10:07AM As per media reports, RIL is said to be in the race to acquire Debenhams, a British multinational retailer operating department stores in the United Kingdom with franchise stores in other countries.
  • Reliance Industries

    23 Sep 2020 , 10:06AM Reliance Retail Ventures Limited (RRVL, subsidiary of RIL) announced that global investment firm KKR will invest Rs5,550 crore into RRVL for 1.28% stake in RRVL on fully diluted basis. This investment values RRVL at a pre-money equity value of Rs4.21 lakh crore (valuation is similar to earlier deal with Silver Lake). With debt of Rs4,618 crore for Reliance Retail, the EV works out to be ~$57 billion (versus street estimate of $50-60 billion valuation for Reliance Retail). This is the second investment in RRVL by the global investor (earlier Silver Lake invested Rs7,500 for 1.75% stake). We could expect series of stake sale in Reliance Retail (media reports indicating that investors like Abu Dhabi Investment Authority, Saudi’s Public Investment Fund and Mubadala Fund are interested to acquire stake in Reliance Retail) also as seen in the case of Jio Platforms. Induction of strategic investors in Reliance Retail should be positive for RIL and would further strengthen its balance sheet given potential large fund raising through stake sale in Reliance Retail. We maintain our Buy rating on RIL.
  • KKR to invest in Reliance Retail for 1.28% stake

    23 Sep 2020 , 9:50AM RIL rises by 3% to Rs. 2,276.5, after KKR to invest in Reliance Retail for 1.28% stake
  • Reliance Industries

    22 Sep 2020 , 3:46PM As per media reports, RIL has asked its Indian supplier to ramp-up smartphones production in order to make 200 million smartphones (to be built on the Google Android platform) over next two years. The smartphones would come bundled with data packs and could be launched in December 2020 or early next year. The launch of low cost smart phones is expected to help Jio further gain market share (Jio market share at 34.3%) in wireless telecom subscriber base.
  • Reliance Industries

    21 Sep 2020 , 12:20PM As per media reports, Reliance Jio is working on a plan to make a big push in the postpaid mobile market, which is dominated by incumbent operators. The postpaid customers’ accounts for only 1% of Jio’s total subscriber base of 398 million and Jio could launch plans bundled with its proposed Android smartphones (it is working with Google), and offer international roaming at lower rates, a priority subscriber identity module (SIM) set-up and services, and features like data sharing and other value-added services. Also, PUBG Corp (South Korean gaming major), is in talks with Reliance Jio (subsidiary of RIL) for Jio to become prospective publisher and distributor in India. Jio and PUBG are believed to be discussing revenue sharing model and localization of the game. We highlight here that PUBG is reeling under a blanket ban for some of the foreign apps from the Indian government.
  • Reliance Industries

    15 Sep 2020 , 9:54AM Media reports are indicating that RIL is planning to sell ~10% stake in Reliance Retail to financial investors for $5.7 billion and the stakes has already been taken by the investors. This news in making rounds from last few days with speculation that major investors including Abu Dhabi Investment Authority (likely investment of $750 billion), Saudi’s Public Investment Fund (likely investment of $1.5 billion), KKR & Co. (likely to invest $1.2 billion) and Mubadala Fund would be investing in Reliance Retail. We have been highlighting that induction of strategic investors in Reliance Retail should be positive for RIL and would further strengthen its balance sheet given potential large fund raising through stake sale in Reliance Retail. We maintain our Buy rating on RIL.
  • Reliance Industries

    14 Sep 2020 , 9:16AM As per media reports, Carlyle Group (a global investment firm) is looking to invest $1.5-2 billion to buy a stake in Reliance Retail Ventures Ltd (RRVL, subsidiary of RIL). We believe that news flow on the stake sale in Reliance Retail would continue in near term as seen in the case of Jio Platforms. Potential induction of global strategic partners would be positive for RIL and further strengthen its balance sheet given potential large fund raising through stake sale in Reliance Retail. We have Buy rating on RIL.
  • Reliance Industries

    11 Sep 2020 , 9:16AM During the market hours yesterday, media reports were indicating that RIL would offer 40% stake in Reliance Retail for $20 billion to Amazon. The valuation (if media reports are believed to be true) works out to be $50 billion, which is at 12.3% discount to the deal valuation for 1.75% stake sale to Silver Lake but we highlight here that even Jio deal with Facebook and Google were at discount to deals announced with other PE and sovereign wealth funds due to large size of investment. Hence, the Silver Lake deal valuation of $57 billion (versus street valuation of $50-60 billion) for Reliance Retail should be viewed as benchmark. Constructive news flows with regards to monetisation of stake in Reliance Retail and potential induction of strategic partners like Amazon would aid to RIL’s online-offline retailing strategy and further strengthen its balance sheet given potential large fund raising. Also, RIL has increased its stake in Alok Industries to 40% pursuant to conversion of debt. We have Buy rating on RIL.
  • Reliance Industries

    10 Sep 2020 , 1:50PM As per Bloomberg, RIL is believed to offer $20 billion stake to Amazon in Reliance Retail as part of its strategy to unlock value from its consumer centric retail business. Constructive news flows with regards to monetisation of stake in Reliance Retail and induction of strategic global partners should act as positive catalyst for RIL and further strengthen its balance sheet. We have Buy rating on RIL.
  • Reliance Industries hits record high

    10 Sep 2020 , 10:46AM RIL rises by 3% to Rs. 2,221.95, in strong market
  • Reliance Industries

    10 Sep 2020 , 9:31AM As per media reports, RIL is looking to sell ~15% stake in Reliance Retail to PE and sovereign wealth funds to raise ~Rs63,000 crore assuming valuation of Rs4.21 lakh crore ($57 billion – in-line with ours and street estimates). The company already announced that Silver Lake will invest Rs7,500 crore for a stake of 1.75% on fully diluted basis and in talks with potential investors including Abu Dhabi Investment Authority (likely investment of $750 billion), Saudi’s Public Investment Fund (likely investment of $1.5 billion) and Mubadala Fund for investment in Reliance Retail. We do believe that induction of strategic investors in Reliance Retail should be positive for RIL but the valuation of $57 billion is in line with street estimates and next catalyst would be potential listing of Jio Platforms and Reliance Retail. We maintain our Buy rating on RIL
  • Reliance Industries

    9 Sep 2020 , 11:23AM Media reports are indicating that Reliance Jio , subsidiary of RIL, is planning to outsource and manufacture over 100 million low-cost smartphones (to be built on the Google Android platform) bundled with data packs and could be launched in December 2020 or early next year. The launch of low cost smart phones is expected to help Jio further gain market share (Jio market share at 34.3%) in wireless telecom subscriber base.
  • Reliance Industries

    9 Sep 2020 , 11:12AM As per media reports, KKR is also in advanced talks to investment $1.2 billion in Reliance Retail as the investors in Jio Platforms has also been given an option to invest in Reliance Retail. We believe that induction of strategic investors in Reliance Retail should be positive for RIL as the same would provide stamp of approval for the valuation of retail business. We maintain Buy rating on RIL.
  • Reliance Industries

    9 Sep 2020 , 11:11AM Reliance Retail Ventures Limited (RRVL, subsidiary of RIL) announced that Silver Lake will invest Rs7,500 crore into RRVL for 1.75% stake in RRVL on fully diluted basis. This investment values RRVL at a pre-money equity value of Rs4.21 lakh crore. With debt of Rs4,618 crore for Reliance Retail, the EV works out to be ~$57 billion (versus street estimate of $50-60 billion valuation for Reliance Retail). This is the second investment by Silver Lake, which has also invested $1.35 billion in Jio Platforms. We view investment by global investors in Reliance Retail as positive for RIL and maintain our Buy rating on RIL.
  • Silver lake invests Rs. 7,500 crore in Reliance Retail for 1.75% equity

    9 Sep 2020 , 9:58AM RIL announces an investment of Rs. 7,500 crore by Silver Lake in Reliance Retail for 1.75% equity
  • Reliance Industries

    8 Sep 2020 , 10:49AM As per media: RIL is in preliminary talks with Facebook Inc. and private equity fund KKR & Co. to make an investment in Reliance Retail. Media reports are indicating that investors in Jio has also been given an option to invest in Reliance Retail. Earlier there were reports indicating that Silver Lake Partners is also in discussion and may invest $1 billion in Reliance Retail. Investment by global technology players and investors in Reliance Retail should be positive for RIL.
  • Reliance Industries

    7 Sep 2020 , 10:21AM The company released details related to carving out its oil-to-chemicals (O2C) business into a separate company, which will includes assets & liabilities of refining, petrochemicals, fuel retail (majority interest only) and bulk wholesale marketing businesses. We highlight here that RIL had already approved an arrangement for transfer of its oil-to-chemicals (O2C) business to Reliance O2C Ltd as a going concern on slump sale basis in April 2020. The separation of the O2C assets is part of RIL’s strategy to bring in strategic investor in O2C business (Saudi Aramco has been doing due diligence but the proposed RIL-Aramco detail has seen delays). Any induction of strategic investor in O2C business would be positive for RIL as it would provide further strengthen to its balance sheet. We maintain our Buy rating on RIL.
  • Reliance Industries

    4 Sep 2020 , 9:55AM As per media reports, Silver Lake (US based PE firm) is in talks with RIL to invest ~$1bn in Reliance Retail for 1.7-1.8% stake, which values Reliance Retail ~$57 billion (versus street estimate of $50-60 billion valuation for Reliance Retail). We highlight here that Silver Lake has also invested Rs10,203 crore in Jio Platforms for 2.1% stake. We view investment by global investors in Reliance Retail as positive for RIL and maintain our Buy rating on RIL.
  • Reliance Industries

    1 Sep 2020 , 12:04PM Reliance Industries – Stock update: The big gets bigger
  • Reliance Industries

    1 Sep 2020 , 9:23AM The company has completed its transaction with Brookfield Infrastructure Partners L.P and its institutional investors for investment of Rs25215 crore by the latter in Jio’s Tower InvIT. This would help in monetization of tower assets of Jio. Reliance Jio will be the anchor tenant for 135,000 telecom tower (which are expected to be increased to 175000 towers) for a period of 30 years.
  • Reliance Industries

    31 Aug 2020 , 11:06AM As per media reports, government has also approved investment of Rs25,215 crore by Brookfield Infrastructure Partners and its institutional partners in Tower InvIT of Reliance Jio Infratel Pvt Ltd. This would help in monetization of tower assets of Jio.
  • RIL buys stake in Future Group for Rs. 24,713 crore

    31 Aug 2020 , 9:43AM Mukesh Ambani's Reliance Retail to buy Future Group's key businesses for Rs. 24,713 crore
  • Reliance Industries

    31 Aug 2020 , 9:16AM Reliance Retail Ventures Limited (RRVL), subsidiary of RIL, announced to acquire the retail & wholesale business and (to be transferred to Reliance Retail and Fashion Lifestyle Limited) and the logistics & warehousing business (to be transferred to RRVL) from the Future Group on a slump sale basis for lumpsum aggregate consideration of Rs24,713 crore (subject to composite scheme of arrangement between two groups). The acquisition requires Future Group to merge certain companies (Future Retail, Future Lifestyle, Future Consumer, Future Supply chain and Furure Market Networks) into Future Enterprises Limited (FEL). Additionally, Reliance Retail and Fashion Lifestyle Limited would also invest Rs1200 crore in the preferential issue of equity shares of FEL to acquire 6.1% % of post-merger equity and Rs400 crore in a preferential issue of equity warrants which, upon conversion and payment of balance 75% of the issue price, will result in RRFLL acquiring further 7.05% of FEL.
  • Reliance Industries

    28 Aug 2020 , 10:50AM As per media reports, Reliance Jio GenNext (start-up focused division of RIL) has made buyout or investment proposals to domestic companies which are developing 5G solutions. This is part of RIL’s strategy to locally develop 5G network.
  • Reliance Industries

    25 Aug 2020 , 11:41AM As per media reports, Triller (social video platform), an app that functions similarly to TikTok, has inked a strategic partnership with JioSaavn music app (a platform owned by Jio) to embed Triller videos. JioSaavn app will provide a button on its main screen that will enable its users to create a Triller video.
  • Reliance Industries

    24 Aug 2020 , 11:31AM The company has completed amalgamation and merger amongst its wholly-owned subsidiaries and thus Reliance Holdings U.S.A has merged with and into Reliance Energy Generation and Distribution. Merged entity Reliance Energy Generation and Distribution has further merged into RIL.
  • Reliance Industries

    21 Aug 2020 , 9:20AM As per media reports, Saudi Arabia's Public Investment Fund (PIF) is in talks with RIL to invest as much as $1 billion in Jio's fibre assets. We highlight here that recently the Abu Dhabi Investment Authority (ADIA) had also re-started its discussions with RIL to invest ~$1 billion in its pan-India fibre assets. Both ADIA and PIF has already invested Rs5,684 crore (1.2% stake) and Rs11,367 crore (2.3% stake) respectively in Jio Platforms. Stake sale in Jio’s fibre assets would help RIL in monetisation of telecom assets.
  • RIL arm acquires majority stake in Netmeds

    19 Aug 2020 , 9:38AM RIL acquires majority stake in online pharmacy Netmeds
  • Reliance Industries

    19 Aug 2020 , 9:10AM Reliance Retail Ventures Limited (RRVL, subsidiary of RIL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. (Vitalic) and its subsidiaries (Collectively known as ‘Netmeds’) for a cash consideration of Rs620 crore. This represents ~60% holding in the equity share capital of Vitalic and 100% direct equity ownership of its subsidiaries (Tresara Health Private Limited, Netmeds Market Place Limited and Dadha Pharma Distribution Pvt Limited). Vitalic and its subsidiaries are in the business of pharma distribution, sales & services and also runs an online pharmacy platform Netmeds. The acquisition would strengthen RIL’s position in online pharma space. We have Buy rating on RIL.
  • Reliance Industries

    17 Aug 2020 , 9:55AM Supreme Court has put a new dimension to the AGR case asking sharing of spectrum sharing agreement entered by all the insolvent telecom companies and raising a question on whether Jio should pay AGR dues (estimated at Rs31,000 crore) of bankrupt Reliance Communication (which is under NCLT). The asset sharing contractual arrangement between Jio and RCOM has been reported to the DOT and the fee to liberalize such spectrum has been paid by Jio. Jio is paying spectrum usage charges as per the agreement and along with AGR dues as sought by DoT. We believe that AGR dues of Rs31,000 crore from Jio does not seem tenable as the spectrum sharing is being done as per the contractual agreements and also RCOM is under NCLT. Additionally, as per media reports, RIL is in advance talks to acquire online furniture brand Urban Ladder (for ~$30 million) and milk delivery platform Milkbasket. The positive development on the above acquisitions would further strengthen Reliance Retail’s e-commerce portfolio.
  • Reliance Industries

    11 Aug 2020 , 11:26AM Saudi Aramco has said that it would final call on its proposed $15 billion investment in RIL’s Oil-to-Chemical (O2C) business after assessment of due diligence report. Saudi Aramco mentioned such bid deal takes time for final decision and declined to give any exact timeline for completion of deal with RIL.
  • Reliance Industries

    10 Aug 2020 , 9:50AM Saudi Aramco's Chief Executive Officer (CEO) has said that the company is still working on the deal to invest in RIL’s oil-to-chemicals (O2C) business. We highlight here that RIL and Aramco had entered into a non-binding agreement in 2019 wherein latter would invest $15billion in RIL O2C business for 20% stake. The statement from Aramco's CEO is positive given significant delays has been witnessed in RIL-Aramco deal due to COVID-19 situation and sharp decline in oil prices. We have Buy rating on RIL.
  • Reliance Industries

    5 Aug 2020 , 12:17PM As per media reports, RIL is close to finalise plan with lenders of Future Group to acquire Future Retail and its logistic arms. RIL is expected to go for an all-stock deal. The news is making rounds from quite some time and deal (if goes through) would further consolidate RIL’s position in the India retail sector and help expand market share in retail space. We have Buy rating on RIL.
  • Reliance Industries

    4 Aug 2020 , 10:04AM As per media reports, RIL is gearing up plans to acquire online pharmacy company Netmeds for $120 million as part of its broader strategy for e-commerce business. Any positive development on this front would further strengthen RIL’s on-line retailing plans
  • Reliance Industries

    31 Jul 2020 , 10:09AM Reliance Industries – Stock update (Q1FY21 results): In-line operational performance; retail and digital to drive growth
  • Reliance Industries

    30 Jul 2020 , 12:07PM As per media reports, Reliance BP Mobility Ltd (RBML, which is JV between RIL and BP)) is planning spend around Rs3,000 crore to expand the fuel retail network and set up electric vehicles (EV) charging points, battery swapping stations, freight aggregation. This move would also benefit Castrol India, who is the sole supplier of lubricants to Jio-BP fuel retail outlets and would get opportunity to participate in future mobility services by Jio-BP.
  • Reliance Industries

    29 Jul 2020 , 9:21AM As per media reports, Sovereign fund Qatar Investment Authority (QIA) is in advanced talks with RIL to invest ~$1.5-2 billion in an infrastructure investment trust (InvIT) that holds Jio’s fibre-optic assets. Any potential deal on Fibre InvIT would help in monetisation of investment in Fibre assets. We highlight here that RIL has transferred its telecom tower (175,000) and fibre optics (1.1 million route kilometers) businesses into two separate Infrastructure Investment Trusts (InvIT). We have Buy rating on RIL.
  • Reliance Industries

    28 Jul 2020 , 12:04PM As per media reports, RIL is close to buying Future Group’s retail assets for Rs24,000-27,000 crore along with liabilities of Future Group. Five listed entities, including Future Retail Ltd, Future Consumer, Future Lifestyle Fashions, Future Supply Chain and Future Market Networks, will be merged into Future Enterprises Ltd (FEL) before the sale of the assets. It’s being said that RIL has exclusivity till July 31, 2020 to sign a binding agreement. Deal (if goes through) would further consolidate RIL’s position in the India retail sector and help expand market share in retail space. Moreover, potential induction of strategic investor in Reliance Retail over next few quarters would help unlock value from consumer centric business. We have Buy rating on RIL
  • Reliance Industries

    27 Jul 2020 , 12:07PM As per media reports, RIL’s recently launched JioMart app had crossed the 1 million downloads mark within a day of its launch and is doing 250,000 orders per day (compared to 220,000 for BigBasket and 150,000 for Amazon).
  • Reliance Industries

    24 Jul 2020 , 9:59AM As per media reports, Amazon is in early talks to buy 9.9% stake in Reliance Retail with talks to get preferential access to JioMart. RIL has highlighted induction of strategic investors in Reliance Retail in next few quarters in its latest AGM. Monetization of stake in Reliance Retail would help in value unlocking in consumer centric business and could see consensus upgrade in valuation for retail business as seen in the case of Jio. We have Buy rating on RIL.
  • RIL in focus. Stock up by 2%

    23 Jul 2020 , 3:20PM RIL hits market cap of Rs. 13 lakh cr
  • RIL hits Rs. 2,000/sh for the 1st time ever

    22 Jul 2020 , 10:22AM RIL rises over 1% after touching to Rs. 2000, in weak market
  • Reliance Industries

    20 Jul 2020 , 1:52PM As per media reports, Reliance Jio (subsidiary of RIL), has approached the department of telecommunication (DoT) to assign the 5G spectrum for field trials in a few selected cities. Reliance Jio is seeking 800 megahertz (MHz) spectrum each in both the millimetres (26 gigahertz (GHz) and 24 GHz) band as well as 100 MHz in the 3.5 GHz band for field trials in few metro cities. We highlight here that in the recent AGM, RIL has said that Jio has developed 5G home grown technology, which would ready for trail as soon as 5G spectrum is available and can be ready for field deployment next year. Once successful in India, Jio Platforms will be positioned for 5G solutions to other telecom operators globally.
  • Reliance Industries

    20 Jul 2020 , 12:09PM As per media reports, RIL is planning to shut down one of the crude distillation units at its Jamnagar refinery for planned routine maintenance for 3 to 4 weeks starting in the last week of July, 2020. The other refinery units are expected to operate normally during this period.
  • Reliance Industries

    17 Jul 2020 , 11:52AM As per media reports, RIL’s deal with Saudi Aramco for 20% stake sale in RIL’s oil-to-chemical business for EV of $75 billion has been stalled as Aramco is seeking 20% cut in the valuation. We highlight here that although there has been disappointment with respect to continued delay in deal with Saudi Aramco but RIL’s capital needs has already been met through total fund raising of Rs212,809 crore in the last few months. Also as per media reports, RIL and Future Retail are in discussion for finalisation of share swap ratio for an all stock merger deal and RIL would directly pay to Future’s lenders. We have Buy rating on RIL
  • Reliance Industries

    16 Jul 2020 , 11:02AM Google invest Rs. 33,737 crore in Jio Platforms while Aramco deal delayed
  • Reliance Industries

    16 Jul 2020 , 9:19AM Reliance Industries (RIL) AGM key takeaways
  • Reliance Industries

    15 Jul 2020 , 3:21PM Google International LLC has signed a binding agreement to invest Rs33,737 crore in Jio Platforms Limited (subsidiary of RIL) for a 7.73% equity stake in Jio Platforms Limited on a fully-diluted basis. The investment by Google is valued at an equity valuation of Rs4.36 lakh crore. RIL has raised to total capital of Rs212,809 crore through right issue, series of stake sale in jio platform and investment by BP in fuel retail JV as compared to net debt of Rs161,035 crore as on March 2020.
  • Google to buying 7.73% stake in Jio Platforms

    15 Jul 2020 , 2:47PM Google to invest over Rs. 33,000 crore for 7.7% stake in Jio Platforms
  • Reliance Industries

    14 Jul 2020 , 2:14PM As per media reports, Google is in advanced talks to buy a stake in Jio Platforms with an investment of ~$4 billion and the deal is expected to announced soon. We highlight here that the above news in making rounds from quite some time and any potential investment by Google in Jio Platfroms would be positive for RIL as it would provide technology support for Jio to ramp-up of digital services in India. We have Buy rating on RIL.
  • Reliance Industries

    14 Jul 2020 , 9:16AM The company has received the subscription amounts from VEPF VII AIV I, L.P. (Vista Equity Partners – Rs11,367 crore), Omicron Asia Holdings II Pte. Ltd. (KKR – Rs11,367 crore), MIC Redwood 1 RSC Limited (Mubadala – Rs9,094 crore), Platinum Owl C 2018 RSC Limited (ADIA – Rs5,684 crore) and India Markets Pte. Ltd. (TPG – Rs4,547 croore). With this, RIL has received subscription amount of ~Rs115,694 crore (including Rs43,574 crore from Facebook) till now from stake sakes in Jio Platforms. We have Buy rating on RIL.
  • Reliance Industries

    13 Jul 2020 , 10:02AM Qualcomm Ventures will invest Rs730 crore in Jio Platforms for 0.15% equity stake on fully diluted basis
  • Jio Platforms gets Rs. 730 crore from Qualcomm Ventures

    13 Jul 2020 , 9:53AM Qualcomm Ventures, Investment arm of Qualcomm incorporated, to invest Rs. 730 crore in Jio Platforms
  • RIL jumps by 3% in weak market

    10 Jul 2020 , 2:11PM Shares of RIL hit fresh high at Rs. 1,879 per share
  • Reliance Industries

    10 Jul 2020 , 9:45AM BP and Reliance Industries Limited (RIL) has announced the start of their Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). As per the agreement, BP has paid RIL $1 billion for a 49% stake in the joint venture, with RIL holding 51%. The JV will operate under “Jio-bp” brand and aims to become a leading player in India's fuels and mobility markets with BP’s experience in high quality differentiated fuels, lubricants, retail and advanced low carbon mobility solutions and RIL’s presence across 21 states in India. RBML aims to expand from its current fuel retailing network of over 1,400 retail sites to up to 5,500 over the next five years. The joint venture also aims to increase its presence from 30 to 45 airports in the coming years. We have Buy rating on RIL.
  • Reliance Industries

    8 Jul 2020 , 9:10AM Jio Platforms Limited, a subsidiary of RIL, has received the subscription amount of Rs43,574 Crore from Jaadhu Holdings, LLC (a wholly owned subsidiary of Facebook Inc) post the receipt of all requisite approvals
  • Reliance Industries

    6 Jul 2020 , 11:24AM As per media reports, RIL plans to increase its network of aviation fuel stations by 50% as it looks to capture greater market share in the ATF supply which is controlled by public sector oil retailing firms. We highlight here that RIL operates 31 aviation fuel stations with 12% share in India’s total ATF fuel stations of 256. Moreover, Jio has also launched its JioMeet video conferencing app with unlimited free calling, which would help Jio to tap growing demand for video conferencing from enterprises (Jio has target to have 15 million customers in next couple of years). We have Buy rating on RIL.
  • Reliance Industries

    3 Jul 2020 , 10:19AM ntel Capital will invest Rs1,895 crore in Jio Platforms for 0.39% equity stake on fully diluted basis. The investment value Jio Platforms at an equity value of Rs4.91 lakh crore and an enterprise value of Rs5.16 lakh crore, which is in-line with latest deals. With this deal, RIL has sold ~25.1% stake in Jio Platforms has raised Rs117,588 crore from leading global investors. We highlight here that fund raising (through series of stake sales in Jio, rights issue and JV with BP for fuel retailing) to the tune of ~Rs177,712 crore has made RIL net debt free (given net debt of Rs161,035 crore as on March 31, 2020). Potential listing of Jio could further unlock value and create long-term wealth for investors. We have Buy rating on RIL.
  • Intel Capital gets a 0.39% stake in Jio

    3 Jul 2020 , 9:45AM Intel to invest Rs. 1,895 crore in Jio Platforms for 0.39% stake
  • Reliance Industries (RIL) and Future Group

    30 Jun 2020 , 9:13AM As per media reports, RIL is in final stage to acquire retail business of Future Group and final contours of the deal are being discussed and deal is expected to be get closed soon. RIL is likely to acquire retail and supply chain businesses which includes Big Bazaar, FBB, Food Hall and Central of Future Retail and also Future Supply Chain Solutions and Future Lifestyle Fashion Ltd. Future Retail has 1,388 stores across various formats
  • Reliance Industries

    26 Jun 2020 , 9:58AM Fitch Ratings has upgraded RIL's long-term local-currency Issuer Default Rating (IDR) to 'BBB+' from 'BBB' with stable outlook. The rating upgrade is driven by expectations of an improvement in RIL's financial profile, with net debt reductions (underpinned by proceeds from a stake sale in Jio Platforms and rights issue) and forecast of positive free cash flow (FCF) in FY2021.
  • Reliance Industries

    25 Jun 2020 , 10:40AM Reliance Industries Limited (Stock update – Annual Report Review) - Becomes net debt free; Jio and retail to drive growth
  • Reliance Industries

    25 Jun 2020 , 9:14AM Competition Commission of India (CCI) has approved acquisition of 9.99% stake in Jio Platforms by Facebook’s arm Jaadhu Holdings. The regulatory approval from CCI is on anticipated lines. RIL-Facebook deal and partnership between Jio Platforms, Reliance Retail and WhatsApp will be crucial to leverage the JioMart platform. Moreover, US Secretary of State Mike Pompeo has declared Reliance Jio a "clean" network for not using the Chinese equipment and has listed Jio among the world’s leading telecom operators. We have Buy rating on RIL.
  • Reliance Industries

    24 Jun 2020 , 10:45AM The company is working to complete the contours of a strategic partnership with Saudi Aramco for sale of 20% stake in oil-to-chemicals (O2C) business for EV of $15 billion. RIL’s board has already approved transfer of O2C business to a separate company Reliance O2C Limited as a going concern on slump sale basis to enable sale stake in the unit to Saudi Aramco. This is in-line with earlier statement by the management.
  • Reliance Industries becomes Net-Debt free

    19 Jun 2020 , 10:42AM Mukesh Ambani makes Reliance net debt-free ahead of its March 2021 target
  • Reliance Industries

    19 Jun 2020 , 9:20AM The Public Investment Fund (sovereign wealth fund of Saudi Arabia) will invest Rs11,367 crore in Jio Platforms for 2.32% equity stake on fully diluted basis. The investment value Jio Platforms at an equity value of Rs4.91 lakh crore and an enterprise value of Rs5.16 lakh crore, which is in-line with latest deals. With this deal, RIL has sold ~24.7% stake in Jio Platforms has raised Rs115,694 crore from leading global investors. We highlight here that fund raising (through series of stake sales in Jio, rights issue and JV with BP for fuel retailing) to the tune of ~Rs175,819 crore would make RIL net debt free (net debt of Rs. 161,035 crore as on March 31, 2020). We have Buy rating on RIL.
  • Reliance Industries hits fresh record high

    18 Jun 2020 , 3:34PM Reliance Ind surges to record high, market cap near Rs 10.5 lakh crore
  • Reliance Industries

    17 Jun 2020 , 3:50PM As per media reports, Competition Commission of India (CCI) have said that deal between Facebook and RIL is under anti-trust review. We highlight here that most of the deals require approval of CCI and RIL-Facebook deal press release had also stated that deal is subject to regulatory and other customary approvals
  • Reliance Industries

    16 Jun 2020 , 10:03AM As per media reports, Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) is in talks to invest $1.5 billion in Jio Platforms for an equity stake of 2.33%. We highlight here that fund raising (stake sales in Jio, rights issue and JV with BP for fuel retailing) to the tune of ~Rs164,452 crore would make RIL net debt free (net debt of Rs. 161,035 crore as on March 31, 2020) and further potential deals for Jio could be announced in the near term. We have Buy rating on RIL.
  • Reliance Industries

    15 Jun 2020 , 9:27AM TPG (global alternative asset firm) will invest Rs4,547 crore in Jio Platforms for 0.93% equity stake on fully diluted basis. Moreover, L Catterton (leading consumer focused private equity firm) will also invest Rs1,895 crore in Jio Platforms for 0.39% equity stake on fully diluted basis. The above mentioned investments value Jio Platforms at an equity value of Rs4.91 lakh crore and an enterprise value of Rs5.16 lakh crore, which is in-line with latest deals. With this RIL has sold ~22.38% stake in Jio Platforms has raised Rs104,327 crore from leading global investors. Lower capital intensity and aggregate fund raising to the tune of ~Rs164,452 crore (through recently announced series of stake sales in Jio Platforms, right issue and JV with BP for fuel retailing) would make RIL net debt free (net debt of Rs. 161,035 crore as on March 31, 2020).
  • Reliance Industries

    12 Jun 2020 , 12:18PM As per media reports, Future Group is in talks with RIL to sell its retail and supply chain businesses to the latter. The news has come in market hours yesterday and hints that Future Group is looking at an enterprise value of Rs10,000 crore for the entire retail business that is likely to be carved out and sold. Future Retail has 1,388 stores across various formats, including Big Bazaar, Fashion at Big Bazaar (FBB), ezone, and Foodhall. Future Retail reported revenues and PAT of Rs15,839 crore, and Rs489 crore respectively in 9MFY2020. Deal (if goes through) would further consolidate RIL’s position in the India retail sector.
  • Reliance Industries

    12 Jun 2020 , 10:32AM he company’s partly paid up rights shares are set to list today on BSE and NSE. The media reports are indicating listing price of Rs600-650 for partly paid up rights shares of RIL. RIL’s Rs53,124 crore rights issue was subscribed ~1.59 times cumulating to an overall commitment of over Rs.84,000 crore. We have been highlighting that fund raising through right issue and series of stake sales in Jio Platform would accelerate RIL’s balance sheet deleveraging process. We have Buy rating on RIL.
  • Reliance Industries

    11 Jun 2020 , 9:37AM As per media reports, TPG Capital (US based price equity firm) is in talks with RIL to invest up to $1.5 billion in Jio Platforms. Till now, RIL has sold ~21.1% stake in Jio Platforms and has raised ~Rs97,886 crore from leading technology and growth investors. We have been highlighting that the fund raising through stake sales in Jio Platforms and along with rights issue would nearly make RIL net debt free. We have Buy rating on RIL.
  • ADIA to invest Rs. 5,683.50 crore in Jio Platforms

    8 Jun 2020 , 9:55AM RIL rises by 3% to Rs. 1,624, on Abu Dhabi Investment Authority-Reliance Jio deal
  • Reliance Industries

    8 Jun 2020 , 9:15AM Silver Lake (US based private-equity firm) and its co-investors will invest additional Rs4,547 crore in Jio Platforms (in addition to Rs5,656 crore announced on May 04, 2020), which will take its total investment to Rs10,203 crore and translates into a 2.1% equity stake on fully diluted basis.
  • Mubadala to invest Rs. 9,093.60 crore in Jio Platforms

    5 Jun 2020 , 10:17AM Reliance Industries Ltd (RIL) rise by 2.38% to Rs. 1617.7, after the company received sixth investor for Jio Platforms
  • Reliance Industries

    5 Jun 2020 , 9:12AM Mubadala Investment Company (Abu Dhabi-based sovereign investor) will invest Rs9,094 crore in Jio Platforms for 1.85% equity stake on fully diluted basis. The investment values Jio Platforms at an equity value of Rs4.91 lakh crore and an enterprise value of Rs5.16 lakh crore, which is in-line with last deal with KKR. With this RIL has sold ~19% stake in Jio Platforms has raised Rs87,655 crore from leading technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala. Lower capital intensity and aggregate fund raising to the tune of ~Rs147,780 crore (through recently announced series of stake sales in Jio Platforms, right issue and JV with BP for fuel retailing) would accelerate RIL’s balance sheet deleveraging process (net debt of Rs. 161,035 crore as on March 31, 2020). We have Buy rating on RIL.
  • RIL rights issue subscribed 1.59 times

    4 Jun 2020 , 9:55AM Reliance Industries closes rights issue of Rs. 53,124.20 crore
  • Reliance Industries

    4 Jun 2020 , 9:46AM The company has successfully closed its rights issue of Rs. 53,124 crore and the same has been subscribed ~1.59 times, cumulating to an overall commitment of over Rs.84,000 crore. The public portion of the rights issue was subscribed 1.22x. The allotment of equity shares will happen on or about 10th June 2020 and the rights shares are expected to be listed on the BSE and NSE on or around 12th June 2020. We have been highlighting that fund raising through right issue and series of stake sales in Jio Platform would accelerate RIL’s balance sheet deleveraging process. We have Buy rating on RIL
  • Reliance Industries

    2 Jun 2020 , 9:16AM As per media reports, Abu Dhabi Investment Authority is in discussions to acquire minority stake in Jio Platforms. Reports are indicating that Abu Dhabi Investment Authority, Mubadala and Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) in total could invest $2 billion in Jio Platforms but exact details ate awaited. The above mentioned potential deals could by last tranche of stake sale in Jio Platform in the near term as RIL has already raised Rs78,562 crore through 17.1% stake sale in Jio Platform till now. Moreover, we have been highlighting that the fund raising through stake sales in Jio Platforms and along with rights issue would accelerate RIL’s balance sheet deleveraging process (net debt of Rs. 161,035 crore as on March 31, 2020). We have Buy rating on RIL.
  • Reliance Industries

    29 May 2020 , 9:20AM As per media reports, Abu Dhabi state fund Mubadala Investment Company is in talks with RIL to invest about $1 billion in Jio platforms. We have been highlighting that fund raising through stake sales in Jio Platforms along with rights issue would accelerate RIL’s balance sheet deleveraging process (net debt of Rs. 161,035 crore as on March 31, 2020). We have Buy rating on RIL.
  • Reliance Industries

    29 May 2020 , 9:12AM As per media reports, Abu Dhabi state fund Mubadala Investment Company is in talks with RIL to invest about $1 billion in Jio platforms. We have been highlighting that fund raising through stake sales in Jio Platforms along with rights issue would accelerate RIL’s balance sheet deleveraging process (net debt of Rs. 161,035 crore as on March 31, 2020). We have Buy rating on RIL.
  • Reliance Industries

    28 May 2020 , 9:50AM As per media reports, Microsoft Corp. is negotiating an investment of as much as $2 billion in Jio Platforms for stake of more than 2.5%. If Microsoft deal goes through it would be stamp of approval from global technology companies (Facebook already announced investment of Rs. 43,754 crore for 10% stake) for strength of digital services business of Jio Platforms and would be positive for RIL. We have Buy rating on RIL.
  • Reliance Industries

    27 May 2020 , 9:40AM As per media reports, RIL is working with banks for an overseas listing of Jio Platforms and an initial public offer (IPO) is expected in the next 12-24 months. Potential overseas listing could get Jio Platform higher valuation, which could be in-line with global technology players but the same would take time given listing is expected in 12-24 months. We have Buy rating on RIL.
  • Reliance Industries

    26 May 2020 , 12:06PM The company has launched its e-commerce portal JioMart for ~200 cities across India after running a pilot in Mumbai. The platform covers everything related to grocery, consumer goods and FMCG and also provides introductory discount of 5% for few products. We believe that the move has come at right time as customer preference is changing towards online retailing post the COVID-19 breakout and RIL’s unique online-offline retailing strategy would aid growth for retail business. Moreover, the recent partnership between Jio Platforms, Reliance Retail and WhatsApp would play a crucial role to build a digital ecosystem and leverage the JioMart platform. We have Buy rating on RIL.
  • KKR to invest Rs. 11367 crore in Jio Platforms. RIL up

    22 May 2020 , 9:43AM RIL rises by 1% to Rs. 1458.5, after announcing Rs. 11,367 crore investments by KKR in Jio Platforms
  • Reliance Industries

    21 May 2020 , 9:16AM As per media reports, KKR (US investment firm) is in discussion with RIL to invest $1 billion in Jio Platforms and is currently carrying out due diligence on the same. We have been highlighting that fund raising through stake sale in Jio along with rights issue would accelerate RIL’s balance sheet deleveraging process (net debt of Rs. 161,035 crore as on March 31, 2020). We have Buy rating on RIL.
  • Reliance Industries

    20 May 2020 , 9:18AM The company’s right issue will open today on 20 May 2020 and closes on 3 June 2020. The company will issue equity shares on right basis to eligible shareholders in the ratio of 1:15 and at a price of Rs. 1,257/share. RIL’s right issue size is Rs. 53,125 crore and would help RIL in deleveraging its balance sheet (net debt of Rs. 161,035 crore as on March 31, 2020).
  • Reliance Industries

    19 May 2020 , 9:45AM As per media reports, RIL plans to repay debt worth Rs40,000 crore and use the remaining Rs13,000 crore for general corporate purposes from the money to be raised through rights issue (Rs53,125 crore). We highlight here that right issue along with other capital raising measures would accelerate balance sheet deleveraging and help RIL become net debt free well before March 2021 target
  • General Atlantic invests Rs. 6,598 crore in Jio Platforms

    18 May 2020 , 10:07AM General Atlantic to buy 1.34% equity stake in Jio Platforms
  • Reliance Industries

    18 May 2020 , 9:52AM General Atlantic (a leading global growth equity firm) will invest Rs6,598 crore in Jio Platforms for 1.34% equity stake on fully diluted basis. The investment values Jio Platforms at an equity value of Rs4.91 lakh crore and an enterprise value of Rs5.16 lakh crore, which is in-line with last deal with Vista Equity Partners. With this investment, Jio Platforms has raised Rs67,195 crore from leading technology investors including Facebook, Silver Lake, Vista Equity Partners and General Atlantic. Moreover, board of directors of RIL has proposed the schedule of payment for right issues with allotment money of Rs314.25/share and the remaining will be sought in two tranches i.e Rs314.5/share in May 2021 and Rs628.5/share in November 2021. Also, the board has approved right issue opening date of May 20, 2020 and issue closing date of June 3, 2020. Lower capital intensity and aggregate fund raising to the tune of ~Rs127,320 crore (through series of stake sale in Jio Platforms, right issue and JV with BP for fuel retailing) would accelerate RIL’s balance sheet deleveraging process (net debt of Rs. 161,035 crore as on March 31, 2020). We have Buy rating on RIL.
  • Reliance Industries

    14 May 2020 , 10:23AM The company has raised Rs. 10,060 crore through allotment of 1,00,600 unsecured redeemable non-convertible debentures (NCDs) of the face value of Rs.10,00,000 each on private placement basis.
  • Reliance Industries

    11 May 2020 , 3:09PM As per media reports, RIL is seeking to issue up to Rs10,500 crore through a three part bond sale. This would be RIL’s third rupee bond issue (post issuance of Rs2,795 crore and Rs8,500 crore in April 2020) since the central bank in late March 2020 started funding banks to purchase local-currency corporate notes
  • Reliance Industries

    11 May 2020 , 10:09AM As per media reports, US private equity firm General Atlantic and Saudi Arabia's Public Investment Fund are exploring investment in Jio Platforms. General Atlantic is considering investment of ~ $850-$950 million in Jio Platform while Saudi’s Public Investment Fund is planning to buy a minority stake in Jio Platforms. Moreover, RIL has received in-principle approval from BSE Ltd and National Stock Exchange of India Limited for its proposed right issue (Rs53,125 crore) and the company has fixed May 14, 2020 as the record date for the purpose of determining the equity shareholders entitled to receive the rights entitlement. We have been highlighting that fund raising would accelerate RIL’s balance sheet deleveraging process and unlock value from Jio. We have Buy rating on RIL.
  • Asian Paints; Reliance Industries

    8 May 2020 , 10:29AM According to media reports, Reliance Industries which holds 4.9% stake in Asian Paints through its subsidiary Teesra retail, is planning to sell its entire stake via various block deals in the market (value at Rs7490crore based on yesterday's closing price of Rs1,954 per share)
  • Reliance Industries

    8 May 2020 , 10:27AM Vista Equity Partners (Vista - global investment firm) will invest Rs11,367 crore into Jio Platforms. The investment values Jio Platforms at an equity valuation of Rs4.91 lakh crore and an enterprise value of Rs5.16 lakh crore (in-line with recent deal announced with Silver Lake). Vista’s investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind RIL and Facebook. Jio Platforms has raised total Rs60,596 crore from leading technology investors and the fund raising (along with right issues) has accelerated balance sheet deleveraging process (net debt of Rs. 161,035 crore as on March 31, 2020) and help RIL become net debt free well before March 2021 target. We have Buy rating on RIL.
  • Reliance Jio sells stake to US Tech Fund Vista equity partners

    8 May 2020 , 10:13AM RIL rises by 3% to Rs. 1,550, after PE firm, Vista Equity Partners, said it will buy a 2.3% stake in Jio Platforms for Rs. 11,367 crore
  • Reliance Industries

    6 May 2020 , 11:58AM As per media reports, RIL is in advanced talks to buy a majority stake in online pharmacy Netmeds. RIL may pay $130 million to $150 million for the stake, which may include a fresh fund infusion for the operations. Also, RIL will redeem debt notes of $200 million on June 05, 2020 which were due in 2035.
  • Reliance Industries

    6 May 2020 , 11:11AM As per media reports, RIL is in advanced talks to buy a majority stake in online pharmacy Netmeds. RIL may pay $130 million to $150 million for the stake, which may include a fresh fund infusion for the operations. Also, RIL will redeem debt notes of $200 million on June 05, 2020 which were due in 2035.
  • Reliance Industries

    4 May 2020 , 9:57AM Reliance Industries – Q4FY20 Result Update (Stock update): Mixed quarter; steps up deleveraging plan
  • Reliance Industries

    4 May 2020 , 9:48AM Reliance Industries (RIL): US based private-equity firm Silver Lake to invest $750 million (~R5,656 crore) in Jio Platforms Ltd for an equity valuation of Rs4.9 lakh crore. The likely deal valuation is at 12.5% premium to recent announced RIL-Facebook deal (equity valuation of Rs435740 crore). The likely deal is positive for RIL as it would further accelerate balance sheet deleveraging process and unlock value from Jio.
  • Reliance Industries

    29 Apr 2020 , 11:03AM As per media reports, S&P Global Ratings have affirmed long-term rating of RIL at BBB+ with stable outlook. The ratings agency stated that the company's leverage is poised to improve and stabilize over the next 12-24 months owing to disciplined spending, asset monetisation, and resilient earnings. RIL has also increased its stake in SkyTran Inc. (provides personal rapid transit systems) to 26.3% from 17.4% percent due to conversion of convertible notes purchased earlier. SkyTran Inc provides.
  • Reliance Industries

    28 Apr 2020 , 10:04AM Board of directors of RIL is scheduled to meet on April 30, 2020 to consider a proposal to issue equity shares to existing shareholders on a rights basis, subject to regulatory approvals. We highlight here that the promoter holds 50% stake in RIL as on December 31, 2019 as per data from BSE website.
  • Reliance Industries

    24 Apr 2020 , 9:51AM As per media reports, RIL is planning to raise Rs3,000 crore through bonds at a coupon of 7.40% as some portion of its bonds are maturing soon.
  • Reliance Industries

    23 Apr 2020 , 12:13PM Reliance Industries – Stock Update: Facebook logs into Jio; strategic benefits aplenty
  • Reliance Industries

    23 Apr 2020 , 10:48AM As per media reports, deal between Facebook and RIL will need approval from anti-trust watchdog Competition Commission of India (CCI), which will assess if the partnership will adversely impact the telecom and retail sectors. We highlight here that most of the deals require approval of CCI and RIL-Facebook deal press release has also stated that deal is subject to regulatory and other customary approvals.
  • RIL gains on Facebook deal

    22 Apr 2020 , 10:41AM Facebook buys 9.9% stake in Reliance Jio for Rs. 43,574 crore
  • Reliance Industries

    22 Apr 2020 , 10:14AM Facebook, Inc. signs a binding agreement with RIL for an investment of Rs43,754 crore in Jio Platforms Limited
  • Reliance Industries

    21 Apr 2020 , 10:35AM As per media reports, The European Commission has approved the creation of a joint venture in India between RIL and BP Global Investments Limited (a subsidiary of BP). The joint venture will operate petrol stations in India and RIL's aviation fuel storage business and plane fuel distribution facilities for the sale of aviation fuel at airports in India.
  • Reliance Industries

    16 Apr 2020 , 11:05AM As per media reports, RIL and Facebook Inc. are in talks to create a multipurpose application, similar to WeChat, by using the WhatsApp platform and user base. The two companies would bring in funding, technical knowhow and domain expertise for the project and the app will also offer users the options to buy groceries through Reliance Retail stores, shop at ajio.com and make payments using JioMoney in addition to being a communications platform.
  • Reliance Industries to consider fundraising

    31 Mar 2020 , 10:02AM Board Meeting for issuance of Non-Convertible Debentures (Ncds)
  • Reliance Industries

    31 Mar 2020 , 9:59AM Board of Directors of RIL is scheduled to meet on April 2, 2020 to consider raising of funds by way of issuance of listed, secured/unsecured, redeemable non-convertible debentures on private placement basis, in one or more tranche /series.
  • Reliance Industries

    31 Mar 2020 , 9:52AM Board of Directors of RIL is scheduled to meet on April 2, 2020 to consider raising of funds by way of issuance of listed, secured/unsecured, redeemable non-convertible debentures on private placement basis, in one or more tranche /series.
  • Reliance Industries

    25 Mar 2020 , 10:54AM As per international media reports, social networking giant Facebook is in talks with Reliance Industries to acquire 10% stake in its digital services subsidiary Reliance Jio in a multibillion dollar deal. Media reports are indicating that Facebook was close to sign a preliminary deal but negotiations got stalled due to travel ban and coronavirus outbreak. We highlight here that the induction of leading global technology partner in Reliance Jio is in line with RIL’s strategy plan and would help in value unlocking from digital services business. We have Buy rating on RIL.
  • RIL gains on buzz as Facebook looks to buy stake in Jio

    25 Mar 2020 , 10:26AM Media giant Facebook is in talks to buy a 10% stake in Reliance Jio
  • RIL up as Ambani family raises stake

    20 Mar 2020 , 11:31AM RIL rises by 5% to Rs. 964.6, after Ambani family increases shareholding in RIL
  • Reliance Industries

    19 Mar 2020 , 10:46AM Reliance Jio Infocomm (RJIL), a wholly owned subsidiary of RIL, have transferred certain identified liabilities to RIL post the approval of scheme of arrangement amongst RJIL and certain classes of its creditors by National Company Law Tribunal. The overall debt level will remain the same on consolidated level but lower liabilities could improve the valuation of digital services business.
  • Reliance Industries

    13 Mar 2020 , 11:54AM Reliance Industries Limited – Stock update: Correction a buying opportunity; Telecom outlook brightens
  • Reliance Industries

    5 Mar 2020 , 12:15PM Reliance Retail Ventures Limited (RRVL), a subsidiary of RI, has acquired 100% stake in Shri Kannan Departmental Store Private Limited (SKDS) for a consideration of Rs152.5 crore. SKDS is engaged in the business of retailing fruits & vegetables, dairy, staples, home & personal care and general merchandise to consumers and currently operates 29 stores across Coimbatore and nearby areas with a retail area of over 6 lakh square feet. SKDS reported revenue of Rs415 crore and PAT of Rs2 crore in FY2019. The acquisition is neutral for RIL given small size of acquisition. Also, as per media reports, Reliance Jio Infocomm (subsidiary of RIL) has submitted the bid of Rs4,700 crore to acquire telecom tower and optic fibre assets of Reliance Communications Ltd. under the insolvency process. The potential acquisition of telecom tower and optic fibre assets would further strengthen the network coverage of Reliance JIO.
  • RIL buys stake in Shri Kannan Departmental Store

    5 Mar 2020 , 10:33AM Acquisition of Tamil Nadu-based departmental store operator
  • Reliance Industries

    2 Mar 2020 , 10:58AM The company has announced that in accordance with the approved Resolution Plan by NCLT, Alok Industries has allotted 83.33 equity shares for total consideration of Rs.250 crore to RIL. Pursuant to this acquisition, RIL will hold 37.7% equity share capital of Alok Industries. Neutral read thru
  • Reliance Industries

    20 Feb 2020 , 11:16AM As per media reports, RIL is assessing the impact of the latest US sanctions on Rosneft Trading SA (RTSA), which is trading unit of Rosneft that supplies oil to RIL. The company will ensure that its purchases of Venezuelan oil are both compliant with US sanctions and consistent with US policies regarding Venezuelan oil sector.
  • Reliance Industries

    19 Feb 2020 , 10:20AM As per media reports, RIL’s discussions with Saudi Aramco for sale of 20% stake in its oil-to-chemical business has been fast tracked with Aramco conducting due diligence and the deal is anticipated to be finalized by September 2020. We believe that RIL-Aramco deal is important for deleveraging of RIL’s consolidated balance sheet and achieve its target to become zero net debt company by March-2021, which could act as key re-rating trigger for RIL. We have Buy rating on RIL.
  • Reliance Industries, RIL

    14 Feb 2020 , 10:24AM As per media reports, The English High Court has rejected the Indian government's challenge to the recovery of certain costs in the Panna-Mukta and Tapti oil and gas fields (operated by Shell and it's partners are RIL and ONGC). We highlight here that the Indian government had demanded $3.5 billion in dues from RIL and it's partners from PMT field and have also sought to block RIL's $15 billion deal with Saudi Aramco. The next hearing on the matter is scheduled on February 28, 2020. Positive read through for RIL as the favourable judgement on the matter would fasten the potential deal with Saudi Aramco, which is key to deleveraging of consolidated balance sheet of RIL. We have Buy rating on RIL.
  • Reliance Industries

    5 Feb 2020 , 1:44PM The company has acquired additional stake of 10.9% in Saavn India for consideration of Rs654 crore. Post the acquisition, RIL will hold 94.4% of stake in Saavn India.
  • Reliance Industries

    4 Feb 2020 , 1:22PM The RIL-BP JV has announced cessation of gas production at its D1-D3 field in Block KG D6 (KG-DWN-98/3) off India’s east coast, which is on expected lines. The JV partners have committed ~$5billion (~Rs35000 crore) of investment for monetizing about 3tcf reserves from three other projects -- R cluster, Satellite cluster and MJ fields. These projects will utilize the existing gas production infrastructure of D1-D3 field. The first from these fields in expected in mid-2020 with anticipated peak production level of 1BCFe per day. We highlight here that the above investment is well known to the markets and have potential to revive RIL's upstream business.
  • RIL gains as production to start by mid-2020

    4 Feb 2020 , 11:46AM RIL share price rises 2% as new production from KG D6 project to start by mid-2020
  • Reliance Industries

    21 Jan 2020 , 10:52AM As per media reports, Competition Commission of India (CCI) has approved divestment of Reliance Jio's telecom tower assets to Brookfield Infrastructure Partners LP. We highlight here that in July 2019 Reliance Industrial Investments and Holdings Limited (RIIHL), subsidiary of RIL, had entered into agreement with Brookfield Infrastructure Partners L.P. and its institutional partners, for an investment of Rs. 25,215 crore in the units of its Tower Infrastructure Trust. Positive read through for RIL as the approval would fasten the process of regulatory approval for proposed investment by Brookfield Infrastructure in tower InVIT. We have Buy rating on RIL.
  • Reliance Industries

    20 Jan 2020 , 11:25AM Reliance Industries: Q3FY2020 results - Strong show by retail & telecom; petchem margin lags estimate
  • Reliance Industries

    15 Jan 2020 , 11:21AM As per media reports, Reliance Jio, subsidiary of RIL, has been declared highest bidder for Reliance Infratel (a subsidiary of Reliance Communications) with bid offer of ~Rs3,609 crore. Reliance Infratel has ~43,000 telecom towers along with fibre and data centers – Positive read through for RIL as the potential acquisition would strengthen Jio’s network coverage.
  • Reliance Industries

    8 Jan 2020 , 10:48AM As per media reports, RIL is planning to raise $2billion through overseas syndicated loans to fund routine capex in its telecom and petroleum business.
  • Reliance Industries

    31 Dec 2019 , 11:49AM As per media reports, RIL have started its web portal Jiomart for its entry into online food and grocery shopping by early next year. The app will connect both last mile stores and consumers – positive read through for RIL as the move (if believed to be true) hints at roll out of RIL’s new e-commerce platform and equip the grocers with points of sale (PoS) terminals. We have Buy rating on RIL.
  • Reliance Industries

    23 Dec 2019 , 11:58AM As per media reports, government seeks to restrain Reliance Industries 20% stake sale in its oil to chemicals business to Saudi Aramco for $15billion until RIL clears dues of $4.5 billion related to arbitration for cost recovery for PMT block. We highlight here that arbitration order on the matter has not fixed any final liability for RIL. However, any delay in government approval for stake sale to Saudi Aramco could also delay the process of balance sheet deleveraging of RIL - negative read through for RIL.
  • Reliance Industries

    17 Dec 2019 , 10:52AM BP and RIL have signed a definitive agreement for formation of their new Indian fuels and mobility joint venture. This follows the initial heads of agreement signed in August-2019 and the venture is expected to be formed in H1CY2020 subject to regulatory and other customary approvals. The venture expects to expand from the company’s current fuel retailing network of over 1,400 retail sites and 30 aviation fuel stations across India to up to 5,500 retail sites and 45 aviation fuel stations - Positive read through for RIL.
  • Reliance Industries

    16 Dec 2019 , 11:45AM Reliance Strategic Business Ventures Limited (RSBVL), subsidiary of RIL, has acquired equity shares of Asteria Aerospace Private Limited (Asteria) for a cash consideration of Rs23.12 crore for 51.78% stake in Asteria. The company proposes to make a further investment of up to Rs125 crore, which will increase the stake to 87.3% and is expected to be completed by December 2021. Asteria is a full-stack drone technology company with in-house drone manufacturing capabilities – Neutral read through for RIL given small size of investment.
  • RIL to divest Jio's tower assets

    16 Dec 2019 , 10:50AM Reliance Industrial Investments and Holdings will sell its telecoms arm, Jio’s tower assets to Brookfield and its partners
  • Reliance Industries

    12 Dec 2019 , 12:00PM Reliance Strategic Business Ventures Limited ('RSBVL'), a wholly-owned subsidiary of RIL has acquired equity shares of NowFloats Technologies Pvt. Ltd. ('Nowfloats') for a cash consideration of Rs141.6 crore for 85% holding in the equity share capital of Nowfloats. RSBVL proposes to make a further investment of up to Rs75 crore (Indian Rupees seventy five crore only), subject to achieving agreed milestones. The further investment is expected to be completed by December 2020. Nowfloats, incorporated in India offers SaaS solutions to Small and Medium Enterprises that enable them to get a digital presence – neutral read through for RIL given small size of acquisition
  • RIL, ADNOC inks pact for development of chemical facility

    11 Dec 2019 , 11:07AM ADNOC and RIL sign agreement to Explore Development of Ethylene Dichloride Facility in Ruwais
  • Reliance Industries

    11 Dec 2019 , 10:55AM Abu Dhabi National Oil Company (ADNOC) and RIL have signed an agreement to explore the development of ethylene dichloride (EDC – used to manufacture PVC, which is used in housing and agricultural sectors) facility in Ruwais. ADNOC would supply ethylene to the potential joint venture and provide access to world-class infrastructure at Ruwais, while Reliance will deliver operational expertise and entry to Indian vinyls market. Also, as per media reports, Reliance Jio Infocomm (subsidiary of RIL) has submitted the highest bid of Rs3,600 crore for the telecom tower and optic fibre assets of Reliance Communications Ltd. under the insolvency process. The acquisition of telecom tower and optic fibre assets would further strengthen the network coverage of Reliance JIO – Positive read through for RIL.
  • RIL hit market cap of Rs. 10 lakh crore

    28 Nov 2019 , 11:21AM RIL becomes first Indian company to hit Rs. 10 lakh crore market cap
  • Reliance Industries

    22 Nov 2019 , 10:59AM Reliance Industries: Stock Update - Re-rating triggers playing out
  • Reliance Industries Ltd (RIL)

    20 Nov 2019 , 11:04AM Reliance Jio, subsidiary of RIL, has said that it will increase tariff rates in the next few weeks and also stated that TRAI is likely to initiate a consultation process for tariff revision. Additionally, Jio also targets to bring ~40 crore 2G customers to the Digital India eco-system. Positive read through for RIL as tariff hikes would improve cash flows and thus help in balance sheet deleveraging and also positive for the entire telecom sector. RIL’s GDR price was up by 6.5% in trade yesterday. Also, Reliance Jio increasing the tariff and adhering to the TRAI norms of tariff revision is positive read-thru for entire telecom sector and stocks like Bharti airtel and Vodafone (more positive for Grasim).
  • RIL hits 52 Week high

    20 Nov 2019 , 10:27AM Reliance Industries rises by 4% to Rs. 1,571.85, in such strong market
  • Reliance Industries

    11 Nov 2019 , 12:14PM As per media reports, RIL has reduced floor price to 7% of Brent oil price (vs 9% earlier) for potential bids for gas pricing from users seeking to buy gas from its R-Cluster Field in KG-D6 block (target to produce 5mmscmd of natural gas from mid-2020) as few customers protested over high base price – neutral read through for RIL as we expect gas buyers to bid much higher than base price given strong gas demand.
  • Reliance Industries

    31 Oct 2019 , 10:26AM As per media reports, discussions between RIL and a group of marque financial investors and sovereign wealth funds for a controlling stake in Jio Digital Fibre seems to have stalled due to differences over commercial and operating terms – Sentimentally negative read through for RIL if the media reports are believed to be true as it could delay the efforts for deleveraging of consolidated balance sheet.
  • Reliance Industries

    30 Oct 2019 , 10:51AM As per media reports, the government is weighing options of terminating the production-sharing contract (PSC) or invoking arbitration to penalise RIL for selling to itself all the coal bed methane (CBM) it produces (which is in violation of CBM policy and contract terms) – sentimentally negative for RIL.
  • Reliance Industries Ltd.

    30 Oct 2019 , 10:48AM Reliance Industries Limited: Stock Update – Asset monetisation on cards
  • Reliance Industries

    29 Oct 2019 , 10:19AM Reliance Industries (RIL): As part of reorganization plan, RIL plans to deleverage Reliance JIO (RJIO) through transfer of liabilities of up to Rs 108,000 crore to RIL through scheme of arrangement. RIL would create a wholly owned subsidiary (WOS) for digital services and will infuse Rs108,000 crore in the same through optionally convertible preference shares with WOS to investment the money in equity of RJIO for debt reduction.
  • Reliance Industries

    22 Oct 2019 , 3:05PM Reliance Industries: Stock Update – GRM disappoints; Retail and telecom post decent growth
  • Reliance Industries Ltd

    10 Oct 2019 , 12:09PM As per media reports, RIL and its joint venture partner BP Plc have completed an investment of around Rs25,000 crore at its three offshore hydrocarbon assets in Krishna Godavari (KG) D6, over the last two years. The JV will invest another Rs10,000 crore in the blocks which are slated to commence production between mid-next year and 2022. The companies expect a production of one billion cubic feet (bcf) of natural gas a day from its assets when all the three fields--R Series, Satellite & MJ fields – Positive read through for RIL.
  • Reliance Industries (RIL)

    10 Oct 2019 , 10:56AM Reliance Industries (RIL); Telecom Sector: Reliance Jio, subsidiary of RIL, has announced to charge 6 paisa per minute for voice calls made by Jio users to other network but will compensate the customers by giving free data of equal value for new re-charges starting from October 10, 2019. The charges will remain until the telecom regulator makes IUC (Interconnect Usage Charges) zero (which is expected by January 2020).
  • RIL gains as Morgan Stanley maintains its stance

    24 Sep 2019 , 11:24AM RIL rises by 5% to Rs. 1298.55, as Morgan Stanley maintains an 'overweight' stance on the stock
  • RIL, BP pick up Canadian firm stake in KG-D6

    16 Sep 2019 , 2:55PM Oil ministry has approved stake purchase
  • JIO Fiber ‘first-day, first show’ plans to not affect movie exhibitors, DTH operators

    6 Sep 2019 , 12:38PM Plan available only for select subscribers
  • ICRA announces that 20% stake sale by Reliance Industries

    22 Aug 2019 , 11:23AM Reliance Industries: ICRA has said that 20% stake sale by Reliance Industries in its oil to chemicals business to Saudi Aramco will be credit positive for Reliance Industries as the deal would help it achieve significant deleveraging – positive for Reliance Industries.
  • RIL Q1 marginal beat in standalone operating profit

    22 Jul 2019 , 12:40PM Reliance Industries Q1FY2020 results: Marginal beat in standalone operating profit; strong EBITDA margin of 40.1% for Digital Services business
  • Reliance brands completes acquisition of Hamleys Global

    18 Jul 2019 , 12:17PM Completion of acquisition of 100% stake of Hamleys Global Holdings Ltd
  • RIL and its partner BP Plc plans to develop discoveries in the NEC-25 block

    18 Jul 2019 , 10:59AM Reliance Industries (RIL): As per media reports, RIL and its partner BP Plc plans to develop discoveries in the NEC-25 block in the Mahanadi basin (off Odisha's coast) and building pipelines for transportation of the gas. We highlight here that NEC-25 is estimated to hold recoverable reserves of ~1 trillion cubic feet – long term positive for RIL as development of E&P assets requires long gestation period and several regulatory approvals.
  • Reliance JIO may bid for the assets of Reliance Communications

    17 Jul 2019 , 12:26PM Reliance Industries (RIL): As per media reports, Reliance JIO (RJIO) may bid for the assets of Reliance Communications (RCOM), which will come up for sale during the insolvency process - positive for RIL if they are able to win the assets at reasonable cost as the telecom infrastructure (including airwaves and towers) of RCOM would help RJIO boost its services.
  • RIL, BP approves development of MJ project

    12 Jun 2019 , 9:51AM Reliance Industries Limited (RIL): RIL and BP approved development of MJ project; Brookfield to invest in JIO’ telecom tower assets – positive for RIL
  • RIL subsidiary acquires global toy firm Hamleys

    10 May 2019 , 10:21AM Reliance Brands signs an agreement to acquire a 100% stake in Hamleys Global Holdings
  • RIL subsidiary looks to raise Rs. 13,900 crore through rights issue

    2 May 2019 , 10:03AM Reliance Industries (RIL): Reliance Industrial Investments Holdings Ltd (RIIHL), subsidiary of RIL, plans to raise Rs13,900 crore through a rights issue of non-cumulative optionally convertible preference shares as per media reports. The funds will be used for acquisitions and to meet the group’s other funding requirements.
  • Softbank plans to invest in Reliance JIO

    24 Apr 2019 , 10:48AM Reliance Industries (RIL): As per media reports, Softbank plans to invest in Reliance JIO (subsidiary of RIL), which would hint at implied valuation of telecom business and also help in deleveraging of balance sheet of RIL - positive read through for RIL.
  • RIL plans to offer Jio GigaFiber

    23 Apr 2019 , 11:21AM Reliance Industries (RIL): Reliance Jio, subsidiary of RIL, is planning to offer Jio GigaFiber, which would provide broadband, landline and TV combo for Rs600 per month as per media reports. The service is expected to be added in the next three months and would remain free for about a year before starting commercial launch of services. We have already highlighted that Reliance Jio may soon roll out Jio GigaFiber services – positive read through for RIL.
  • RIL arm crosses 30 crore customers

    15 Apr 2019 , 11:25AM Reliance Industries (RIL): Reliance JIO, subsidiary of RIL, has crossed the 30 crore customers mark in two-and-a-half years of its operations - positive read through for RIL.
  • MOIL increses price of Ferro Grade and Chemical grade manganese ore

    2 Apr 2019 , 10:04AM MOIL Limited: Has increased prices of Ferro Grade and Chemical grade manganese ore by ~5% while prevailing prices of Silico Manganese Grade (SMGR 25% & SMGR 30%) and Fines have remained un-changed with effect from 01-April-2019 – positive read through for MOIL
  • RIL starts trail testing of its JIO GigaFiber Triple Play Plan

    28 Mar 2019 , 11:55AM Reliance JIO, subsidiary of RIL, has started trail testing of its JIO GigaFiber Triple Play Plan for its employees before the official launch of the services as per media reports. GigaFiber Triple Play Plan includes all-in-one entertainment plan that offers consumers to jointly subscribe to GigaFiber internet along with Home TV (previously known as GigaTV), a multimedia streaming service, unlimited calling in addition to access to Jio suite of apps – we highlight here that launch of JIO GigaFiber Triple Play Plan would be a key catalyst for the stock in the near to medium term.
  • RIL to sell East-West Pipeline to Brookfield for Rs 13,000 crore

    15 Mar 2019 , 12:15PM Reliance Industries (RIL): India Investment Trust, sponsored by Canadian investor Brookfield, will acquire Mukesh Ambani’s privately owned East West Pipeline Limited for Rs13,000 crore. As per the deal agreement, RIL will have to offtake at least 22mmscmd of gas from this pipeline. If it fails to do so, then RIL will be liable to pay the differential amount to Pipeline Infrastructure. The amount payable by RIL will be the difference between Rs 500 crore per quarter and the actual revenue earned by Pipeline Infrastructure - the minimum gas offtake obligation seems negative for RIL.
  • RIL to sell East-West Pipeline for Rs 13,000 crore

    15 Mar 2019 , 11:16AM Brookfield sponsored India Infrastructure Trust (InvIT) to acquire East-West Pipeline for Rs. 13,000 crore
  • RIL raises fund through unsecured redeemable non-convertible debentures

    11 Mar 2019 , 10:40AM Reliance Industries (RIL) has raised Rs. 7,000 crore through unsecured redeemable non-convertible debentures at 8.3% coupon rate.
  • RIL enters into an agreement for acquisition of equity shares of C-Square

    5 Mar 2019 , 12:35PM RIL, has entered into an agreement for acquisition of equity shares of C-Square Info Solutions Private Limited
  • RIL enters into an agreement for acquisition of equity shares

    25 Feb 2019 , 12:13PM Reliance Industries (RIL): Reliance Industrial Investments & Holdings ('RIIHL'), a wholly-owned subsidiary of RIL has entered into an agreement for acquisition of equity shares of Reverie Language Technologies (Reverie - a language technologies development company) for a cash consideration not exceeding Rs 190 crore. RIIHL will further invest an amount not exceeding Rs 77 crore in Reverie. The investment will translate into 83.30% equity capital in Reverie on a fully diluted basis and the total investment is likely to be completed by March 2021. Additionally RIIHL will also invest ~Rs16 crore for acquisition of equity shares of SankhyaSutra Labs Private Limited (high-performance computing software simulation services company) for 83% stake and Rs18 crore in Surajya Services Private Limited (software service and data solutions company) for 76% stake – neutral read through for RIL given small size of acquisitions.
  • RIL plans to list its retail arm after June 2019

    25 Feb 2019 , 10:23AM Reliance Industries (RIL): Plans to list its retail arm Reliance Retail Limited after June-2019 as per media reports. We highlight here that the news of listing of Reliance Retail is doing rounds from quite some time in the market – positive read through for RIL as the move would help in value unlocking.
  • Reliance Industries gets CCI nod to acquire Hathway, DEN

    23 Jan 2019 , 12:29PM Reliance Industries has received approval from Competition Commission of India for acquisition of stake in Den Networks and Hathway. We highlight here that RIL has announced in October-2018 to acquire 66% in Den Networks and 51.3% stake in Hathway for total consideration of Rs. 5,230 crore - positive read through for RIL.
  • RIL to raise fund via bonds issue to repay loans

    17 Jan 2019 , 11:10AM Reliance Industries (RIL) plans to launch Rs. 2,500 crore bonds issue to repay its existing loans as per media reports.
  • RIL's arm to acquire stake in Kanoda Energy Systems

    31 Dec 2018 , 10:50AM RIL wholly-owned subsidiary — Reliance Industrial Investments and Holdings (RIIHL) enters into a binding agreement with Kanoda Energy Systems
  • Reliance Industries invests Rs. 10.3 million in NEWJ

    28 Nov 2018 , 10:28AM RIL wholly owned subsidiary RIIHL has subscribed to 30,000 equity shares and 125 CCDs for total cash aggregating to Rs. 10.3 million
  • RIL to list its retail arm Reliance Retail

    22 Nov 2018 , 10:39AM As per media reports RIL is considering to list its retail arm Reliance Retail on the domestic stock exchanges by mid-2019 - positive read through for RIL as it would help in value unlocking.
  • RIL plan to boost its oil-refining capacity by about half

    19 Nov 2018 , 11:24AM RIL proposes plant to come up at the world’s biggest refining complex in Jamnagar
  • RIL to match Rs1/litre cut in the petrol and diesel retail prices

    24 Oct 2018 , 11:13AM Reliance Industries (RIL): Will match Rs1/litre cut in the petrol and diesel retail prices implemented by OMCs (IOCL, BPCL and HPCL) in early October-2018 so as to prop-up it's auto fuel market share as per media reports - neutral read through for RIL given small size of retail auto fuel business while negative for OMCs as the move would increase competition from private players.
  • Ril to buy stake in Hathway, Den Network

    16 Oct 2018 , 9:05AM Reliance Industries (RIL): Is expected to buy 25% stake each in Hathway Cable & Datacom and DEN Networks as it plans to ramp up coverage of its high-speed broadband network as per media reports. The details about valuation is not available yet – Positive for Hathway and Den. Sentimentally Negative for Dish TV
  • RIL's alleged undue enrichment owing to migration

    9 Oct 2018 , 10:47AM Reliance Industries (RIL): The value of RIL's alleged undue enrichment owing to migration of gas from ONGC block to its KG D-6 field has doubled to $3 billion from $1.5 billion estimated in March-2015 as per media reports. Although international arbitration panel has issued an award in favour of RIL in case the gas migration case but the Indian government is planning to move to court to seek refund of undue benefit derived by RIL. Any increase in the value of claim would be negative for RIL.
  • RIL increases price of key petrochemical products

    8 Oct 2018 , 9:31AM Reliance Industries (RIL): Has increased prices of key petrochemical products by 10-21% in Q2FY19 in order to offset the rise in oil price and depreciation of Indian Rupee as per media reports. We highlight here that RIL's petrochemical product prices are linked to international prices and in normally in USD - positive read through for RIL.
  • RIL continues to trade lower

    4 Oct 2018 , 12:39PM Reliance Industries declines over 7% to Rs. 1120, on heavy volumes
  • RIL enters into partnership with textile company

    27 Sep 2018 , 12:40PM Reliance Industries enters into a partnership with textile company Vardhman Textiles Ltd for manufacturing fabric
  • RIL plans to launch 5G telecom services

    26 Sep 2018 , 10:50AM Reliance Industries plans to launch fifth generation (5G) telecom services within six months of spectrum allocation as per media reports. The government recently said it plans to allocate airwaves to offer 5G services by end of 2019. We believe that availability of 5G ecosystem including the mobile handsets would be important factor for roll out of 5G telecom services in India - long term positive for RIL.
  • RIL shut down KG-D6 basin field

    21 Sep 2018 , 12:40PM RIL has stopped output from the MA D26 field effective September 17
  • RIL ceases production in KG-D6 basin field

    21 Sep 2018 , 12:26PM Reliance Industries has ceased production from its MA (D26) oil field in Block KG-DWN-98/3 (KGD6) from 17-September-2018 as production from the field was on natural decline. RIL is an operator of the Joint Venture consisting of RIL (60%), BP (30%) and NIKO (10%) – neutral read through for RIL as the oil field contributed just 0.1% to the revenues of RIL in Q1FY2019.
  • RIL purchase additional stake in GCCL

    17 Sep 2018 , 11:23AM Reliance Retail Ventures Limited, a subsidiary of the RIL, has purchased an additional stake of 3.10% in Genesis Colors Limited (GCL) for a consideration of Rs. 8.39 crore, taking its total stake in GCL to 19.63%. This is in addition to 49.46% equity holding in GCL held by Reliance Brands Limited (subsidiary of RIL) - Neutral read through for RIL given small size of acquisition.
  • Stock update - Reliance Industries

    30 Aug 2018 , 12:33PM Reliance Industries: Refining margin boost from IMO regulations; Digital business on strong footing
  • RIL arm becomes second-largest telecom company

    27 Aug 2018 , 2:28PM Reliance Industries (RIL): Reliance Jio (RJIO), a subsidiary of RIL, has become India’s second-largest telecom company by revenue market share (gained 253bps q-o-q market share to 22.4% as of June-2018) – positive read through for RIL as we believe that aggressive pricing strategy would help the company to further add revenue market share.
  • RIL raises stake in Genesis Colors

    27 Aug 2018 , 12:27PM (RIL): Reliance Brands, a subsidiary of RIL, has purchased an additional 3.07% equity holding in Genesis Colors Limited (GCL) for about Rs8.32 crore, taking its total stake in GCL to 49.46%. GCL is in the business of retailing and wholesale of branded readymade garments, bags, footwear and accessories. GCL's annual turnover in FY 2018 stood at Rs. 86 crore - neutral read through for RIL given small size of acquisition.
  • Alibaba initiates talks with Reliance Retail

    20 Aug 2018 , 11:54AM Alibaba Group Holding Ltd has initiated talks with Reliance Retail Ltd, subsidiary of RIL, to form a mega Indian retail joint venture (JV), with an investment of at least $5 billion as per media reports. The JV is being aimed to create behemoth in the digital marketplace so as to compete with dominant e-commerce players in India - positive read through for RIL.
  • RIL has taken shut down of 2-weeks

    16 Aug 2018 , 12:34PM Reliance Industries Ltd (RIL) has taken short shutdown of two weeks at one of its Fluid Catalytic Cracking Units (FCCU) at Jamnagar complex to assure reliability and integrity of operations. The remaining units of the Jamnagar Complex is operating normally. RIL does not expect any material impact on overall operations of Jamnagar complex because of the shutdown - largely neutral for RIL.
  • RJio begins registration for broadband service

    16 Aug 2018 , 11:45AM Reliance JIO (RJIO), subsidiary of RIL, has started the registration process for its GigaFiber broadband services, which will offer host of services including broadband, IPTV, landline etc. This is just initial registration process and the services are expected to be roll out by November-2018 at attractive price of Rs500 month as per media reports - we have already highlighted that entry into broadband services would broaden revenue stream for RJIO's digital services business and we see these step in right direction - positive read through for RIL.
  • RIL, has enters into a MoU with SBI

    3 Aug 2018 , 12:43PM Reliance Industries (RIL) and State Bank of India (SBI): Reliance Jio, SBI ink pact to integrate the bank's digital banking platform with MyJio app; positive read through for RIL
  • RIL wins arbitration against govt for $1.7 bn

    1 Aug 2018 , 12:00PM Reliance Industries (RIL): Wins arbitration against Indian government for $1.7billion claim; positive read through for RIL
  • Reliance Industries: Stock update

    30 Jul 2018 , 12:21PM Reliance Industries: Stock update - Petchem segment continues to surprise positively; robust telecom performance
  • RIL to issue NCDs on private placement basis

    25 Jul 2018 , 12:39PM RIL to issue NCDs on private placement basis upto Rs20,000 crore, in one or more tranches
  • RIL plans to raise fund in fresh debt

    19 Jul 2018 , 10:17AM RIL plans to raise about Rs400 billion in fresh debt in FY2019 as it plans to expand its consumer businesses
  • Reliance touches $100 billion mark

    12 Jul 2018 , 1:08PM RIL becomes second Indian Company to enter $100 billion Market Cap
  • Cable TV operators fall after launch of Jio Gigafiber

    5 Jul 2018 , 2:29PM Shares of broadband and cable TV operators like Hathway Cable & Datacom, Den Networks and Siti Networks have tank up to 18% after RIL the launch of Jio Gigafibre
  • Reliance Jio to redefine postpaid services in India

    11 May 2018 , 11:59AM Reliance Jio Infocomm announces its new Postpaid offering with a promise to redefine postpaid services in India
  • Reliance Industries' Telecom margins declined slightly due to lower APRU

    30 Apr 2018 , 10:37AM We maintain our Buy rating on RIL with unchanged price target (PT) of Rs. 1,110
  • TDSAT imposes interim stay on TRAI's order

    25 Apr 2018 , 11:39AM Positive read through for Bharti Airtel, Idea and sentimentally negative for Jio (Reliance Industries).
  • Reliance Industries (RIL) and its partner BP India have put up their CB-ONN-2003/1 block at Gujarat’s Cambay basin for sale.

    2 Apr 2018 , 12:25PM RIL's strategy to reduce its exposure to upstream business is a positive given declining production and losses.
  • JIO announces complimentary benefits for its existing JIO Prime members

    2 Apr 2018 , 10:20AM positive read through for RIL
  • Reliance Industries signs agreement with Sundance Energy

    28 Mar 2018 , 10:16AM Marginally negative for RIL as it signs agreement with Sundance Energy to sale its eagle ford shale assets for $100million.
  • Reliance Industries (RIL) to acquire 81.7% stake in Saavn India

    26 Mar 2018 , 9:39AM Positive read through for RIL as Reliance Industries (RIL) to acquire 81.7% stake in Saavn India
  • Reliance Jio to consider raising Rs.20000 cr through debt

    21 Mar 2018 , 10:35AM Reliance Jio, subsidiary of RIL, has said its board will meet on March 23 to consider raising Rs20,000 crore through debt (issue of non-convertible debentures) in tranches.
  • Reliance Industries to double their market share

    20 Mar 2018 , 10:49AM Positive read through for Reliance Industries as private fuel retailers like Reliance Industries and Rosneft-owned Essar Oil have doubled their market share.
  • RIL resorted to merger and demerger of group entities

    16 Mar 2018 , 9:31AM Negative read through for RIL as RIL has allegedly used its subsidiaries, resorted to merger and demerger of group entities, transactions with related parties to book losses and make financial accounts untraceable to avoid payment of taxes.
  • RIL subsidiary buys 16% stake in in US-based KTI

    12 Mar 2018 , 10:47AM RIL announces that its subsidiary buys a 16% stake in US-based KaiOS Technologies Inc for $7 million
  • Reliance Industries likely to shut down MA field in KG block

    1 Mar 2018 , 10:04AM Negative read through for RIL
  • RIL likely to shut down MA field in KG block

    1 Mar 2018 , 10:06AM Negative read through for RIL as it is likely to shut down MA field in KG block.
  • Reliance Inds plans to invest Rs55,000 cr in energy

    26 Feb 2018 , 3:08PM Reliance Industries plans to invest Rs55,000 crore in Andhra Pradesh in energy and digital infrastructure sectors over next five years.
  • RIL arm to acquire 5% stake in Eros International

    21 Feb 2018 , 12:22PM RIL media arm has agreed to buy 5% stake in NYSE listed Eros International Plc (Eros) through a subsidiary.
  • Reliance Industries Ltd to acquire 5% stake in Eros International

    21 Feb 2018 , 10:21AM Positive read through for RIL digital business as it is to acquire 5% stake in Eros International.
  • India Gas Solutions expected to start selling imported LNG

    6 Feb 2018 , 9:39AM Medium to long term positive for RIL as India Gas Solutions, an equal JV between RIL and BP, is expected to start selling of imported LNG to its customers in next 12-18 months.
  • RIL to acquire entire stake in Singapore subsidiary

    5 Feb 2018 , 9:59AM Positive read through for RIL as Reliance Industries (RIL) to acquire entire stake in Singapore subsidiary (produces BOPET chips and films).
  • Reliance Industries report robust core business performance

    22 Jan 2018 , 11:12AM Telecom continue to surprise positively. Marginally higher operating profit led by slight beat in petchem EBIT margin for Reliance Industries.
  • Reliance Industries to have declared 30% higher refining capacity for its export oriented Jamnagar refinery

    17 Jan 2018 , 9:46AM Positive read through for RIL as the company is believed to have declared 30% higher refining capacity for its export oriented Jamnagar refinery to 35.2mtpa from capacity of 27mtpa of petroleum planning and analysis cell (PPAC)
  • Reliance Industries gaining confidence on telecom profitability

    29 Dec 2017 , 10:35AM Economics of petcoke gasification plant improves with increased oil price.
  • Reliance Jio to acquire wireless infrastructure assets from RCom

    29 Dec 2017 , 9:24AM Positive read through for RIL and also positive for Reliance communications lenders and bond holders, as post the deal closure company will able to pay off its debts, the positive rubs off affects was already seen in the stock price, which was more than doubled in the last one week.
  • Reliance Industries crosses another milestone

    26 Dec 2017 , 9:33AM A positive read through for Reliance Industries as Jio subscriber base reaches 160 million
  • Reliance Jio in talks to acquire Rcom’s assets

    21 Dec 2017 , 10:32AM Positive read through for Reliance Industries if the deal goes in its favor
  • Reliance Jio added 7.34m subscribers

    13 Dec 2017 , 9:51AM Positive read through for Reliance Industries as its subsidiary added 7.34m subscribers in October 2017.
  • Reliance Industries plans to launch IPO for Reliance Jio

    13 Dec 2017 , 9:08AM Positive read through for Reliance Industries as it would help in value unlocking.
  • Reliance Industries acquires stake in Dreketi S.A in Uruguay

    11 Dec 2017 , 11:57AM Sentimentally positive for Reliance Industries as it will help to strengthen marketing of its petrochemicals in Latin America.
  • RIL closes Marcellus shale asset sale for $126 mn

    24 Nov 2017 , 11:59AM RIL arm close recently announce sale of its interest in certain upstream Marcellus shale assets in north-eastern and central Pennsylvania for $126 million
  • Reliance Jio adds 5.9Mn subscribers in September 2017

    23 Nov 2017 , 9:13AM Neutral read through for Reliance Industries as Reliance Jio, subsidiary of Reliance Industries, has added 5.9million subscriber in September-2017 as compared to 4.1million subscriber in August-2017 as per media reports.
  • Reliance Industries set to raise up to USD1.8 billion

    17 Nov 2017 , 12:10PM Reliance Industries is set to raise up to USD1.8 billion through a combination of offshore bonds and syndicated loans to reduce its high cost debt as per media reports
  • RIL submits FDP for MJ field

    26 Oct 2017 , 8:48AM Positive read through for RIL. Reliance Industries (RIL) and BP PLC have submitted field development plan (FDP) for MJ field in KG basin to Director General of Hydrocarbon (DGH) as per media reports.
  • RIL and BP Plc in talks to start fuel retail operations in India - positive for RIL

    23 Oct 2017 , 8:49AM BP Plc is in talks with Reliance Industries (RIL) to start fuel retail operations in India as per media reports.
  • RIL submitted revised investment plan for KG-D6 gas finds – positive

    17 Oct 2017 , 11:20AM Reliance Industries (RIL) and its partner BP Plc have submitted a revised investment plan to start production from their satellite gas discoverieacs (D-2, 6, 19 and 22) in KG-D6 block along with two other discoveries (D-29 and D-30).
  • Reliance Industries: Stock update

    16 Oct 2017 , 10:22AM Petrochemical margins and RJIO financials surprise positively. Read details below:
  • Govt won arbitration against Reliance Industries

    9 Oct 2017 , 10:43AM Government had won an arbitration against Reliance Industries (RIL) related to quantum of penalty for non completion of minimum work program for four blocks.
  • JIO Payment Bank to start operations in December

    9 Oct 2017 , 10:27AM Reliance Industries: JIO Payment Bank is expected to start its operations in December-2017 as compared to earlier launch timeline of October-2017.
  • RIL to sell its Marcellus shale gas play to Kalnin Ventures

    9 Oct 2017 , 8:46AM RIL signs agreement to sell its Marcellus shale gas play to Kalnin Ventures LLC for $126million – steep discount to purchase consideration of $392million; sentimentally negative
  • RIL awards contract to Schlumberger for its R series fields

    6 Oct 2017 , 10:20AM Reliance Industries (RIL) awarded a contract to Schlumberger for an engineering, procurement, and construction of a subsea production system for R series (D34) fields in KG D-6 block - Positive
  • RIL to buy its own CBM gas

    28 Sep 2017 , 10:57AM RIL to buy it's own CBM gas from blocks in Madhya Pradesh; positive read through
  • Reliance JIO to revise refund policy for 4G phones

    27 Sep 2017 , 11:08AM Reliance JIO expected to revise refund policy for its 4G feature phones; positive read through
  • Reliance Jio to start delivery of around 6 million JioPhones

    25 Sep 2017 , 11:59AM Reliance Industries: Reliance Jio, subsidiary of Reliance Industries (RIL), is expected to start delivery of around 6 million JioPhones from 1st October-2017 – sentimentally positive for RIL.
  • RIL plans to expand refinery capacity by 2030

    21 Sep 2017 , 8:35AM Reliance Industries (RIL) may expand its refining capacity at Jamnagar by 30mmt to 100mmt by 2030 as per media reports; no near term impact on financials; sentimentally positive.
  • RIL, Hero group, Adani: plans to enter battery mfg biz

    20 Sep 2017 , 11:09AM RIL, Hero Group, Adani plans to enter battery manufacturing and battery pack assembly over the next decade
  • Reliance Jio’s subscriber base grew by 4.2% MoM

    14 Sep 2017 , 12:07PM Reliance Jio’s subscriber base grew by 4.2% MoM (added 52.1 lakh customers) in July-2017 as compared to largely flat wireless subscriber base in India for July-2017 – positive read through for Reliance Industries.
  • RIL to revive investment plan in NEC-25 offshore gas block

    8 Sep 2017 , 10:46AM Reliance Industries plans to revive investment plan in NEC-25 offshore gas block; positive read through.
  • RIL delays commercial production from new PE plant

    8 Sep 2017 , 8:45AM Reliance Industries has delayed start of commercial production from its new polyethylene (PE) swing plant by a month - sentimentally negative for RIL
  • RIL to acquire assets of Kemrock Industries

    7 Sep 2017 , 8:42AM Reliance Industries to acquire assets of Kemrock Industries so as to foray into Composites and Carbon Fibre material business; positive read through.
  • RIL shares to turn ex-bonus in September

    6 Sep 2017 , 9:06AM Reliance Industries shares to turn ex-bonus on September 07, 2017; stock to remain in focus.
  • RIL targets to launch 5 Million JIO phones every week

    1 Sep 2017 , 9:22AM Robust refining margin of Reliance Industries strengthens our optimistic view on earnings growth prospects. Read details below:
  • Around 4 Million people pre-booked Reliance JioPhone

    1 Sep 2017 , 8:50AM Under the pre-booking process for JIO phones around 4 million people have booked the much awaited Reliance Jio Phone as per the media reports – positive read through for Reliance Industries.
  • Around 4 Million people pre-booked Reliance JioPhone

    1 Sep 2017 , 8:50AM Under the pre-booking process for JIO phones around 4 million people have booked the much awaited Reliance Jio Phone as per the media reports – positive read through for Reliance Industries.
  • RIL to raise Rs2,500 Cr through NCD

    31 Aug 2017 , 11:02AM In order to refinance existing debt, Reliance Industries will raise Rs2,500 crore through NCD; neutral read through.
  • Demand for RIL’s 4G feature phone exceeds target

    28 Aug 2017 , 2:39PM Demand for RIL’s recently launched 4G feature phone exceeds weekly supply of 5million phones – sentimentally positive for RIL.
  • RIL commissions 1.5mmt ethane import project at Dahej

    24 Aug 2017 , 8:53AM Reliance Industries Limited's switch to ethane from naphtha for petrochemical plants to add $300million to EBITDA; positive read through.
  • RIL to start production from new polyethylene plant

    23 Aug 2017 , 8:43AM The plant has a production capacity of 0.6mmt. Positive read through for RIL.
  • RIL and BP plc to jointly set-up power storage projects in India

    22 Aug 2017 , 2:59PM RIL Plans to enter into power storage business along with partner BP Plc; positive read through.
  • RIL plans to enter into power storage biz

    22 Aug 2017 , 1:39PM RIL plans to enter into power storage business along with partner BP Plc
  • Reliance JIO expected to launch home broadband service

    10 Aug 2017 , 8:51AM RIL: RJIO likley to launch broadband services by October-2017; positive read through
  • RIL announces 1:1 bonus issue subject to shareholders’ approval

    21 Jul 2017 , 3:09PM RIL announces 1:1 bonus issue subject to shareholders’ approval
  • RIL, BP to invest $6 bn in KG basin

    16 Jun 2017 , 11:10AM Reliance Industries, BP to invest $6 bn to develop new gas fields in Krishna Godavari basin
  • RIL surges 3% as Jio adds 3.9 mn subscribers

    14 Jun 2017 , 2:34PM RIL rises over 3% to Rs1354.7, after company's telecom subsidiary outperform its competitors in April 2017 by adding about 3.87 million new users to reach a consumer base of 112.55 mn

Key fundamentals

Evaluate the intrinsic value of Reliance Industries Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 726886 694917 666090 668233 645516
Liabilities 726886 694917 666090 668233 645516
Equity 6766 6766 6765 6445 6339
Gross Profit 74265 65648 52313 33500 52828
Net Profit 42042 44205 39084 31944 30903
Cash From Operating Activities 73998 48050 67491 -512 77533
NPM(%) 7.86 8.36 9.22 13 9.17
Revenue 534534 528315 423703 245667 336953
Expenses 460269 462667 371390 212167 284125
ROE(%) 5.13 5.39 4.76 3.89 3.77

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
19 Aug 2024 10 100 0.8 2959.7
18 Aug 2022 8 80 0.8 2620.65
11 Jun 2021 7 70 0.8 1994.5
02 Jul 2020 1.63 65 0.8 1537.7
02 Jul 2020 6.5 65 0.8 1466
02 Aug 2019 6.5 65 0.8 1385.95
27 Jun 2018 6 60 0.8 996.3
13 Jul 2017 11 110 0.8 1432.8
17 Mar 2016 10.5 105 0.8 1027
08 May 2015 10 100 0.8 926.85
16 May 2014 9.5 95 0.8 959.6
10 May 2013 9 90 0.8 804.95
31 May 2012 8.5 85 0.8 730.85
05 May 2011 8 80 0.8 1040.6
10 May 2010 7 70 0.8 1071.25
16 Oct 2009 13 130 0.8 2101.3
08 May 2008 13 130 0.8 2643.6
21 Mar 2007 11 110 0.8 1316.2
01 Jun 2006 10 100 0.8 997.95
12 May 2005 7.5 75 0.8 539
20 May 2004 5.25 52.5 0.8 529.3
23 May 2003 5 50 0.8 271.2
23 Oct 2002 0 47.5 0.8 258.05
26 Apr 2001 0 42.5 0.8 297.35
0 40 0.8 293
0 37.5 0.8 126
0 65 0.8 299.2

Peers

Other companies within the same industry or sector that are comparable to Reliance Industries Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Jiya Eco Products Ltd 3.50 0.00 0.00 3751.34 -3.82 0.00
Inox Green Energy Services Ltd 122.21 1.46 127.30 36624.41 7.60 0.00
Prozone Realty Ltd 28.44 -4.27 0.00 19035.70 14.84 0.00
Sahyadri Industries Ltd 247.01 0.80 13.89 1365.90 240.90 0.40

Company Info

1973 - On 8th May the company was incorporated in Karnataka state as a public limited company under the name Mynylon Ltd. to manufacture synthetic blended yarns and fabrics, polyester filament yarn, polyester glass shells and colour TV picture tubes. 1975 - On 28th June this company was converted into a public limited company. - On 11th February 1966 a company by name of Reliance Textiles Industries Pvt Ltd was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat. - On 1st July, Reliance Textile Industries Ltd, was amalgamated with Mynylon Ltd.  1977 - With effect from 11th March 1st the name of Mynylon Ltd was changed to Reliance Textiles Industries Ltd. The company manufactures synthetic blended yarns and fabrics polyester filament yarn polyester staple fibre chemicals and allied products colour TV glass shells and colour TV picture tubes. The Company's yarns are marketed under various brand names such as Texalit, Textron, Texlene, Poly dyed and polytwist. The company's fabrics are marketed under the brand name "VIMAL". - On November Dhirajlal H Ambani and Natvarlal H Ambani along with some other existing shareholders offered for sale at par to the public. 28,20,000 equity shares of the Company in order to get the shares of the company listed on the stock Exchange at Mumbai.  1979 - During the year Sidhpur Mills Co. Ltd which has an installed capacity of 38,368 spindles and 490 looms was amalgamated with the company. In terms of the scheme of amalgamation, the company was to issue and allot for every one equity share of Rs. 100 each of Sidhpur, 2 equity shares of Rs.10 each and one bond of Rs.80 of the company. - The Company allotted a total of 1,12,000 No. of equity shares of Rs 10 each and 35,000 - 11% bonds of Rs 80 each to the shareholders of Sidhpur Mills.  1980 - Company was set up Polyestr Filament Yarn Plant at Patalganga in Raigad district of Maharashtra with the financial and technical collaboration with E.I Du Pont De Nemours & Co; USA. - The Company received a letter to intent from the manufacture of 10,000 tonnes per annum of polyester filament yarn. Financial and technical collaboration was finalized with E.I. Du Pont De Nemours & Co., U.S.A. 1982 - 5,50,000 - 13.5% Pref. shares issued as Rights to equity share holders. 19,20,000 equity shares issued to debentureholders (Series III) as per the terms of that issue. 815 No. of equity shares allotted out of the Rights issue of 1981.  1983 - 111,56,741 Bonus Equity shares issued in propn. 3:5. 64,00,000 No. of Equity shares of Rs 10 each issued in part conversion of debs. (iv series) on 30.9.- Of these, 24,00,000 shares issued as additional entitlement to debentureholders (iv series) on account of bonus issue.  1984 - 101,24,675 No. of Equity shares allotted conversion of non-convertible portion of debentures of Series I, II, III and IV of the total value of Rs 7231.92 lakhs in prop. 1:4. Equity shares of Rs 10 each for every Rs 100 of debentures (100,28,359 shares in 1984 and 96,316 shares in 1985). 53,33,333 No. of equity shares issued (prem. Rs 40 per share) on part conversion of `E' Series debentures as on 30.4.1985. Rate of dividend on 13.5% pref. shares increased to 15% effective from 16.5.1984.  1985 - A letters of intent were received for the manufacture of 50,000 tonnes per annum of high density polyethylene (HDPE) and 1,00,000 tonnes per annum of poly vinyl chloride (PVC). Technical collaboration agreements were signed with Du Pont for HDPE and with B.F. Goodrich & Co., for PVC. Steps were also taken to set up a project for the manufacture of mono ethylene glycol (MEG), a basic raw material required for the polyester industry. A Collaboration agreement was entered into with Scientific Design company, New York for this project. - The Company installed an additional capacity of 15,125 tonnes per annum of polyester yarn. - With effect from 1st October the running business of the Sidhapur unit was taken over by Devti Fabrics Ltd, is a subsidiary of the company. - The name of the company was again changed from Reliance Textiles Industries Ltd to Reliance Industries Ltd with effect from 27th June. - On 30th September Devti Fibres Ltd became a subsidiary of the company. Trishna Investments and Leasing Ltd., Reliance Industrial Investments & Holdings Ltd., Reliance Petroproducts Ltd. also subsidiaries of the Company. - Steps were in progress for implementing a project for the manufacture of purified terepthalic acid with a capacity of 75,000 tonnes per annum in technical collaboration with Imperial Chemical Industries UK and UOP Processes International Inc. USA. This plant was commissioned during the year. 1986 - On March a plant for the manufacture of Polyster Staple Fibre was commissioned in technical collaboration with F.I DU Pont De Nemours and Co. USA. - During the same year company set up a project for the manufacture of linear alkyl benzene in technical collaboration with UOP Processes International Inc. USA. - As a measure of diversification the company undertook to set up a project for the manufacture of 50,000 tonnes per annum of linear alkyl the manufacture of 50,000 benzene in technical collaboration with UOP Processes International Inc., U.S.A. 1987 - Three letters of intent were converted into industrial licenses. Subsequent to 30th June, all these industrial licenses were transferred to Reliance Petrochemicals, Ltd., a company incorporated as a subsidiary of the company. - 689,65,480 No. of Equity shares allotted (prem. Rs 62.50 per shares) in conversion of `G' series debs. Out of which 660,30,100 shares allotted in respect of earlier conversion of debs. 300,00,000 Rights shares than issued (prem. Rs 50 per share; prop. 1:4) (all were taken up 14,60,000 additional shares were allotted to retain over-subscription for rights. Along with the Rights issue, 14,00,000 No. of Equity shares were offered to employees at a prem. off Rs 50 per share (under Employees Stock Option Scheme) but only 1,11,695 shares taken up. The balance 12,88,305 shares allowed to lapse. ) 1988 - Linear Alkyl Benzene Project was commission on the second quarter of the year. LAB is sold under the brand name "Relab".  1989 - During the year approval was received under the board branding scheme for the manufacture of 15,000 tonnes per annum of PFY under the description PSF/PFY with in the licensed capacity PSF.  1990 - During the year pursuant to the policy announced by Govt. regarding minimum economic scale, the company embarked upon expansion of PTA capacity from 1,00,000 tonnes to 2,00,000 tonnes per annum. The project is being undertaken in technical collaboration with John Brown Engineers & Constructors Ltd. UK. - During the year the company entered into a Memorandum of Understanding with West Bengal Industrial Development Corporation Ltd. for setting up a joint sector project for the manufacture of 15,000 tonnes per annum of polyester filament yarn. In December a joint sector agreement was entered into for setting up a new company under the name Reliance Bengal Industries Ltd. -The technical collaborator for PFY and PSF was DuPont, US, and for PTA, UOP Processors, US, and ICI, UK.  1991 - A technical collaboration agreement for 10 years was entered into with Stone And Webster Engineering Corporation USA for production of 4 lakh TPA of ethylene, 1.95 lakh TPA of propylene and 1.20 lakh TPA of mixed C4 stream. - During the period company commissioned its 1,00,000 TPA Ethylene Oxide and Mono Ethylene Glycol plant at Hazira. - In Series - `H' Debentures, 304,00,000 - 12.5% secured redeemable partly convertible debentures of Rs 150 each offered on Rights basis in the proportion 1 debenture: 5 equity shares held. Additional 45,60,000 debentures were allotted to retain over subscription. 15,20,000 debentures were offered to employees' on an equitable basis. Only 15,00,000 debentures taken up. The unsubscribed portion of 20,000 debentures were allowed to lapse. Rs 55 of the face value of each debenture was to be converted into 1 equity shares of Rs 10 each at a premium of Rs 45 per share at the end of 18 months from the date of allotment. Remaining Rs 95 of the face value of each debenture was to be redeemed at par on the expiry of 10 years from the date of allotment. - In Series - `J' Debentures 76,00,000 - 14% secured redeemable non-convertivle debentures of Rs 150 aggregating to Rs 114 crores attached with a detachable warrant, to the equity shareholders on rights basis in the proportion of one debenture for every 20 equity shares held. Additional 11,40,000 debentures were allotted to retain over subscription. The debentures of Rs 150 would be redeemed on the expiry of 10 years from the date of allotment. - In Series - `K' Debentures 265,50,000 - 17.5% Secured redeemable non-convertible debentures of Rs 100 aggregating Rs 265.50 crores to the equity shareholdes on Rights basis in the proportion of 1 debenture for every 6 equity shares held. These debentures would be redeemed on the expiry of 10 years from the date of allotment.  In 1991-92, RIL commissioned a petrochemicals unit to manufacture HDPE and PVC at Hazira, Gujarat, in technical collaboration with DuPont and BF Goodrich respectively.  1992 - With effect from 1st March Reliance Petrochemicals Ltd. was merged with the Co. As per the scheme of amalgamation, 1 equity shares of RIL was issued against 10 equity shares held in Reliance Petro Chemicals Ltd. - The PFY unit introduced a wide range of value added products including textured, twisted, high twisted dyed yarn. Approvals were received from the Government towards acquisition of 2 Suez-Max crude oil tankers. - The Company proposed to set up a project for the manufacture of 70,000 TPA of polyester yarn and 30,000 TPA of bottle grade PET chips in Hazira. - 13% Pref. shares fully paid-up. 183,99,935 No. of Equity shares allotted till date as again 92,00,000 Global depository shares 749,40,440 No. of Equity shares allotted shareholders of erstwhile Reliance Petroleum Ltd., under Scheme of Amalgamation.  1993 - The PFY division introduced two new products viz., Micro and multi-filament yearn. Several new and customized product range was introduced such as ultra-stabilized raffia grade, high flow injection moulding grade and high ESCR blow moulding grade. - On May 27 the company offered 92,00,000 GDS representing 184,00,000 shares. - The company undertook to expand the captive power capacity at Hazira as well as set up new captive power plants at Naroda and patalganga. On completion of these project, an addition of 150 MW of power was to be added, increasing the total installed captive power plant capacity to 350 MW. - The Company proposed to set up a caustic chlorine plant with a capacity of 1,98,000 TPA of chlorine, 2,34,000 TPA Caustic Soda plant at Hazira for manufacture of ethylene di-chloride (EDC). - The Company was awarded the medium sized discovered oil and gas fields for exploration and production. - 364,60,000 No. of Equity shares allotted on part conversion of `H' Series debenture 100,05,586 No. of equity shares allotted again warrants issued. 3,16,667 shares allotted to SCICI on conversion of loans 103,16,027 shares allotted underlying. 127,66,000 GDS issued on 15.2.94 of which 81,66,571 shares yet to be allotted. 1994 - Company issued 60,00,000 - 18% non convertible secured redeemable debentures of Rs.100 each on private placement basis with financial institutions. - A new product Octene LLDPE was introduced. - The Company undertook steps to de-bottlenecking its existing facilities and modernize the Control and Automation system. It was also proposed to set up a 5,000 TPA of FDY plant plant at Patalganga. In the fibre intermediate business, the Company undertook to set up a World Size PTA plant of 3,50,000 TPA at Hazira. A new plant to produce 1,20,000 TPA of MEG was to be set up adjacent to its existing capacity. It also proposed to increase the polyvinyl chloride capacity to 30,000 TPA. - The Company signed a Memorandum of Understanding with the Government of Assam for implementation of RAPL for manufacture of 3,00,000 TPA of ethylene, 3,00,000 TPA of Polyethylene and 65,000 TPA of Oxoalchols based on ethylene and propylene products from the gas cracker.  1995 - On January the company issued 82,50,000 14% secured redeemable non convertible debentures of Rs.100 each on a private placement basis with financial institutions, banks/bodies corporate. - On 23rd January, the Company allotted 600,00,000 - 14% Secured redeemable non-Convertible debentures with detachable Warrants of Rs. 12.50 each. - During the year company commissioned a new Triethylene Glycol manufacturing factory with a capacity of 10,000 TPA to add value to Diethylene Glycol (DEG), a by product from its Monoethylene Glucol plant. TEG is an import substitute used in oil exploration, lubricants and speciality application. - During the year company has an unincorporated joint venture with Enron & ONGC to develop Pann, Mukta and Tapti fields. - During June, the Company allotted 995,75,915 No. of equity shares of Rs 10 each to the erstwhile shareholders of Reliance Polypropylene Ltd. (RPPL) and Reliance Polyethylene Ltd. (RPEL) in the ratio of 30 equity shares of Rs 10 each for every 100 equity shares of Rs 10 each held in RPPL and 25 equity shares of Rs. 10 each of the Company for every 100 equity shares of Rs 10 each held in RPPL. - During the year company signed a Memorandum of Understanding with the Govt. of Assam for implementation of RAPL (Reliance Assam Petrochemicals Ltd.) for manufacture of 3,00,000 TPA of ethylene, 3,00,000 TPA of Polyethylene and 65,000 TPA of Oxoalchol based on ethylene and propylene products from the gas cracker. - Reliance Industries Ltd.(RIL), has tied up with United Oil processing Company of the US, for production of paraxylene at Jamnagar. - In 1995-96, it entered the telecom industry through a joint venture with Nynex, US. RIL is India's largest private sector enterprise, is a major player in the Indian petrochemicals sector.  1996 - The company commissioned 3,50,000 tpa PTA Plant. - Reliance Telecom has struck a deal with US-based telecommunications giant Motorola to set up the cellular network in the secured circles. A letter of intent had been singed by both the companies in October. - During the year Co. completed debottelenecking of the PVC plant and increased the capacity to 270,000 tpa. As a part of its vertical integration stategy the Co. undertook to set up a new 1,20,000 TPA MEG project at Hazira. - During the year Co. commissioned new 1,60,000 TPA. PSF plant based on DuPont technology the PET bottle grade resin plant of 80,000 TPA capacity received technological assistance of SINCO Engineering Italy. - During the same period company commissioned the 1,20,000 TPA MEG project using ABB Lummus crest, Netherland's techology. And the NGL/Naptha gas cracker palnt using technology of stone & webster USA, neared mechanical completion. - During the year the company commissioned 60,000 tpa PYF capacity at Hazira. And a 350,000 tpa capacity polypropylene fully computerised plant was commissioned during 96-97. - During the year company commissioned the largest multified carbon plant to produce 7,50,000 tpa of ethylene, 365,000 tpa of propylene and over 10,00,000 tpa of anomatics and other products. - During the year company constructed a cost effective infrastructure commissioning of 1 single point mooring system, 3 jetties. It has 1 ocean going tanker, 4 ocean going vessels for liquefied gases and 5 tugs. The expansion is resigned to handle Ethylene, Propylene, EDC, VCM, LPG, Butenes, MEG, PXBZ & Naphtha. - During the same year company undertook to implement 3 independent power projects in separate entities with a total power generating capacity of 1331 MW at Patalganga, Bawana, Jamnagar. - 15% Pref. shares redeemed. 7,908 shares out of these meant for amalgamation issued. 14% Pref. CR redeemed. - During the period Reliance Industries Limited, is to tie-up with Nynex Corporation to jointly bid for the licenses to operate basic and cellular telecom networks throughout India. - Reliance Industries Ltd., has tied up with the $ 16-billion Baby Bell telecom company from the US, the Nynex. The combine will bid for basic and cellular mobile telephone service with the Department of Telecommunications. - The company was awarded four separate exploration blocks.  1997 - Enron Oil Gas, the joint venture partner and operator presented a proposal to Tapti Consortium participants seeking approval of a new development plant for Tapti gas fields by which the volumes could reach 17 million standard cubic meters during 2000 if the plan was approved. - During the year Co. commissioned an 80,000 tonnes bottle grade PET Chip plant at Hazira manufacturing complex. The chips was marketed under the brand name "Relpet". - The company commissioned a new 3,50,000 tpa PTA manufacturing facility based on ICI, UK technology. - The Company proposed to set up two more plants one PP plant with capacity of 4,00,000 tpa and these paraxylene plants with an aggregate capacity of 1.4 million tpa. - Company has set up a refinery at village Motikhvdi, Gujarat under the name Reliance Petroleum Ltd. Reliance along with its subsidiary Reliance Industrial Investments & Holdings Ltd. hold 39% of the paid up equity capital of Reliance Petroleum on a fully deluted basis. - Reliance undertook to make significant investments in Reliance Petroleum Ltd., for setting up of the grass root refinery at Jamnagar, Gujarat. - 46,60,90,452 bonus equity shares allotted 7289149 No. of equity shares allotted at conversion of debentures and reissue of forfeited shares. - Reliance Industries Ltd. (RIL) has successfully commissioned its third 30,000 tonnes per annum (tpa) polyester filament yarn (PFY) plant at Hazira in Gujarat. The capacity at the Hazira plant is being further extended to 120,000 tpa of PFY by setting up another 30,000 tpa plant shortly. - Bharti Telenet and Reliance were awarded letters of intent for Madhya Pradesh and Gujarat circles respectively. - Reliance Industries will commission the world's largest grass-root single-stream multi-feed cracker plant. - The Reliance Industries Ltd. (RIL) has achieved the distinction of becoming the first company in the country to undertake security audit in the interest of its investors. - Reliance Industries Limited has commissioned its second Mono Ethylene Glycol plant based on Shell process, with a capacity of 120,000 tonnes per annum, at its Hazira Petrochemicals Complex. - The National Securities Depository Ltd. (NSDL) and Reliance Industries Ltd. are embarking on a joint marketing effort to issue RIL bonus shares in the demat form. - RIL was one of the first companies to join the depository and by issuing bonus shares through the demat form, investors will be assured of clean securities. - Around 57 lakh euro-convertible bonds of Reliance Industries Ltd. were converted into equity shares ahead of the book-closure for the 1:1 bonus issue on November 29. - Reliance Industries Ltd. has bagged the National Energy Conservation Award, 1997 in the petrochemical sector. The petrochemicals giant has won the special prize for the fourth consecutive year.  1998 - For the first time Reliance Industries is entering the health-care sector with an initial investment of Rs.100 crore. It has become joint trustees of Sir Hurkisondas Nurrotumdas Hospital at Charni Road in Mumbai. - Reliance Industries, India's largest private sector company, has undertaken a major initiative on corporate governance, under which it has accorded a vital role to its non-executive directors. - Reliance Industries Ltd (RIL) founder and chairman Dhirubhai Ambani was awarded the prestigious the Dean's medal by the Wharton school (University of Pennsylvania) at a glittering ceremony in Mumbai on 15th June. - Reliance Industries Ltd (RIL) has won the runner up award in the Best emerging market company investor relations category for 1998 instituted by UK's Investor Relations Magazine in association with Financial Times. Reliance is the first and only Indian company to have received this prestigious award and the only Asian company to get this award in the emerging markets category. - Reliance Industries Ltd (RIL) has struck an understanding with the US based engineering firm Carter burgess Ltd to undertake projects in the road sector through the joint venture route. In the proposed joint venture, reliance will have the majority stake. - RIL had entered into a 50:50 joint venture with Hoechst Fibres (a part of Hoechst AG, Germany) to manufacture aide range of polyester technical fibres. - The Chennai High Court has declined to interfere with the award of the Rs 15,000-crore private power project at Jayamkondam in Tamil Nadu to Reliance Industries Ltd (RIL) by the State Industrial Development Corporation (TIDCO). - 65,00,000 Red. Pref. shares of Rs. 100 each issued.  1999 - The Company undertook the commissioning of its jamnagar petrochemicals complex. - Reliance Industries Ltd, is currently setting up a Rs 5,550 crores petrochemical complex at Jamnagar. - The un-incorporated joint venture between Reliance Industries, Oil and Natural Gas Corporation (ONGC) and the US-based multinational Enron Oil and Gas has submitted a proposal with the union petroleum ministry for a four-fold increase in its gas production from five million tonnes a day to 22 million tonnes a day. - Reliance Industries Ltd (RIL), India's largest private company, has chalked out a capital allocation framework to enhance shareholder value and ensure profit growth and capital productivity. - Once again Reliance Industries Limited (RIL) is in the international limelight. RIL been named as one of the World's 100 best-managed companies for the year 1999 by Industry Week (IW), a leading US magazine. - During 1999-2000, the company completed its integrated jamnagar complex, in a record period of less then 3 years.  2000 - Reliance has been ranked the second largest producer of POY and PSF in the world, and the largest polyester manufacturer in India, with a marketshare of 51 %. - Reliance is setting up a new venture for e-commerce related services and has roped in National Stock Exchange's head of market operations, derivatives, IPO and membership Ashishkumar Chauhan for piloting the new project. - Reliance Industries Ltd to sign PSCs for exploration blocks in West Coast. - Reliance Industries Ltd. to buy back shares up to Rs.1,100 crore at Rs.303. - The US-based Eastman Chemical Company signed MoU with Reliance Industries, to develop the market for Spectar copolymer and Eastar PETG copolyester in India. - Reliance and Malaysia's Petronas have signed an agreement with National Iranian Oil Co. to set up a 7.5 million-tonne per year liquefied natural gas plant in Iran, industry. - The Company has informed that, Reliance Power Ventures Ltd., a wholly owned subsidiary of the company, propose to acquire an aggregate of 2,75,45,133 fully paid equity shares of BSES of face value of Rs. 10/- each at a price of Rs. 234/- per fully paid-up equity share. - Reliance Power Ventures, a wholly-owned subsidiary of Reliance Industries. - Reliance Industries' internet service brand "Only Smart" was launched in Calcutta. - The Karnataka Government and Reliance Industries have set in motion a joint venture in e-governance to start 7,500 info kiosks all over the State. - The Company has acquired 100 acres at Patalganga to set up the proposed 447 mw power project. - Reliance Industries Ltd. and Jet Airways have signed an agreement in principle to work together on planned airport privatisation projects. - Issue of equity linked warrants under Employees Stock Option Plan. - Reliance Industries Ltd to set up a world-class Indian Institute of Information Technology. - Reliance Industries Ltd. is set to consolidate the financials' of BSES Ltd. under its own income statement from the second quarter of this fiscal. - The board has issued 5,26,87,851 equity-linked warrants under the ESOP in accordance with the resolutions passed at the company's 26th AGM. - Reliance Industries Ltd is the first private sector Indian company to find a place in the Forbes' International list of the 800 largest non-US companies, published in the current edition of the magazine. - The Company has been selected as one of the "World's 100 best-managed companies" for the Year 2000. - Reliance Industries Ltd (RIL) has topped in mobilisation through debt private placements during the first quarter of the current fiscal. - The Company executive director Nikhil R Meswani has been elected as president of Associaton of Synthetic Fibre Industry. - Credit rating agency Crisil has assigned the highest safety rating of `AAA' to the Rs 500 crore non-convertible debenture issue of the company. - Reliance Industries is set to take over the polyester business of JCT in a deal valued at Rs 492 crore. - Reliance Industries Ltd was completing the Assam Gas Cracker Project within 44 months on finalisation of Gas Supply Agreement with Oil India Ltd and ONGC/GAIL, and the handing over possession of land at Lepetkota in Dibrugarh district. - Reliance has formed a joint venture with Andhra Pradesh Technological Services to set up 7,500 Internet kiosks across Andhra Pradesh to provide electronic governance to rural areas. - Reliance Industries as entered into a collaboration agreement with Nova Chemicals of Switzerland for the manufacture of high density polyethylene and develop new grades of polymers like film, pipe, blow moulded containers etc. - Reliance has been awarded the entertainment centre property in Mumbai's upscale Bandra-Kurla commercial complex. - Reliance holds a 30% interest in an unincorporated joint venture with Enron and ONGC, to develop the proven Panna, Mukta and Tapti (PMT) oil and gas fields. Enron has a 30% share and ONGC the balance 40% share. 2001 - During FY 2000-01, Reliance was, in a 90:10 consortium with Niko Resources of Canada, awarded 12 new exploration blocks by the government through a process of competitive international bidding. - Reliance Industries and RPG have envisaged interest in setting up a convergence network in industrial township of greater Noida. In April 2001, RIL successfully completed the first phase of a comprehensive restructuring plan for its textiles business located at Naroda, near Ahmedabad in the state of Gujarat, which presently contributes 1% of RIL's total revenues. - Fitch Ratings India Ltd. has assigned `Ind AAA' rating to the Rs 5,000-crore non-convertible debentures of the Company. - Reliance Industries has acquired an equity stake in five of Tullow Oil's blocks in Gujarat and Andhra Pradesh. - Reliance Industries has signed a memorandum of associatin with National Iranian oil and BP to undertake a $10 million easibility study to develop an LNG project in southern Iran. - Reliance Industries has entered into an alliance with Bangalore-based Indus League for the manufacture of its sole branded garment, Reance. - The Company has extended the share buyback programme for one more year as it has not bought back any shares during the current buyback period. - Reliance Industries has raised its stake in Larsen & Tourbo from 0.38 percent to 2.87 percent. - It has increased its stake in equity share capital of BSES, an electirc utility company, through open offer to 27%. Further it has announced the largest share buy back of Rs 1,100 crore at a maximum price of Rs 303 per share. - Reliance Industries will invest Rs 1,500 crore ($300 million) in oil and gas exploration and production sector over the next three years. - : Reliance Industries Ltd (RIL) has been granted the Golden Super Star Trading House status by the Directorate-General of Foreign Trade (DGFT) in recognition of RIL's outstanding achievement in export. RIL is the first manufacturer-exporter to be given this status - RIL has obtained ISO 9002 certification from BVQI for its Patalganga and Hazira complexes. RIL is the first private sector company in India to be rated by the international credit rating agencies. - Reliance is the world's third largest producer of paraxylene (PX),and the world's fourth largest producer of PTA. Within the country, Reliance is the largest manufacturer of PX, PTA and MEG, with a marketshare of over 80%. - Reliance is the largest producer of polymers in the country with a marketshare of 52%. Reliance has a capacity of nearly a million tonnes per year of polypropylene (PP), 400,000 tonnes per year of polyethylene (PE) and 300,000 tonnes per year of polyvinyl chloride (PVC). -In Nov. 2001, Reliance Industries sold its just over 10% equity stake in Larsen & Toubro, the second largest player in the cement industry, to Grasim Industries for Rs 766.5 crore. The divestment of the L&T stake is in consonance with its declared objectives of unlocking value from its investments, in the interests of maximising overall shareholder value. 2002 - In Jan. 2002, Reliance Petroinvestments has become a subsidiary of the company, while Reliance Life Insurance Company and Reliance General Insurance Company have ceased to be subsidiaries of the company. - In March 2002, the Board approved the proposal for amalgamation of Reliance Petroleum Limited (RPL) with the Company. The proposed Scheme of Amalgamation provides that the amalgamation will take effect from the Appointed Date i.e. April 1, 2001. All assets,liabilities and obligations of RPL will vest in the company w.e.f from the said appointed date. One equity share of the company will be allotted for every eleven equity shares of RPL held. - Shareholders of Reliance Petroleum Ltd on April 15 approved the merger of RPL with Reliance Industries Ltd at a meeting held in Jamnagar and convened under the orders of the Gujarat High Court. - Reliance Industries acquires 26% state & management control in Indian Petrochemicals Corporation Ltd. (IPCL) by paying Rs 1490.84 crore to Government of India.  2003 - Discovers gas it its offshore exploration in Gujarat - Finds more gas in Block D6 in the deep waters of Krishna Godavari Basin - Shuts down the aromatics plant at Jamnagar, Gujarat - Company's Hazira manufacturing unit gets IMC-Bajaj quality award 2002 - Discovers fourth gas in KG-basin - Unveils two improved lines of acrylic fibres - Anil Ambani appointed as BSES MD - Reduces stake in BSES from 55% to 49.5% and BSES ceases to be subsidiary of the company due to the disinvestment - Revises reserves of gas in Krishna Godavari Basin to 10.45 trillion cubic feet - Signs pact with Council of Scientific and Industrial Research (CSIR) to create breakthrough technology in key areas from laboratory to commercial scale wherein the company will be offered the first right to the IPR (intellectual property right) for commercial development - Ties up with DuPont Polyester Technologies (DPT) for the research and development (R&D) of the advanced polyester process and product technologies in India - Foreign Institutional Investors (FIIs) convert 24 million shares of the company into Global Depository Receipts (GDRs) - Strikes substantial gas reserves in Shahdol, Madhya Pradesh - Shifts corporate headquarters from Maker Tower IV, in Nariman Point to Reliance Centre in Bellard Pier - Oil discovered in RIL's exploration block 9 in Yemen in which the company holds 20% shares - Global rating agency Moody's changes the outlook on debt securities of the company from negative to stable - Incidence of leakage in the FCC section of the company's refinery at Jamnagar, in the State of Gujarat -Anil Ambani, Vice Chairman & Manading Director, voted as MTV Youth Icon of the Year -Initiated the work on deep-water exploration block, KG-D6, in the Krishna-Godavari basin off the Andhra Pradesh coast. -RIL bags fourth slot among `Top 10' in Asiamoney's corporate governance poll on Asian companies in the energy sector. And joined the club of a select few Asian companies and is the only Indian private sector enterprise to find a place in the `Top 5' in the energy sector category -Mukesh Ambani, chairman and managing director (CMD), donates $2 million to health programmes of the International Federation of Red Cross (IFRC) and Red Crescent Societies -Reliance exhorts NTPC Kayamkulam plant transplantation to Kakinada -Reliance occupies top slot in oil exports 2004 -Munich Re throws away Reinsurance JV program with RIL -Reliance Industries Associate signs MOU with National Organic Chemicals Industries Limited (NOCIL) fo taking over its petrochemicals & plastic products division -IPCL picks up gas from Petronet LNG -Reliance Industries Ltd has informed that FLAG Telecom on January 12, 2004 announced that the Company (FLAG Telecom) has amalgamated with Reliance Gateway -Reliance Jamnagar refinery voted best among 50 refineries worldwide -Gujarat gives away Gujarat Garima Awards to Tata, Ambani -Reliance Industries Limited (RIL) has increased the capacity of its Jamnagar refinery to 33 million tonnes from 30 million tonnes. -Mukesh Ambani ranks 40th in the world business leaders -Reliance join hands with Gail for Indo-Iran natural gas pipeline project -Reliance Industries, country' largest private sector company, has surged ahead of global players after it posted a net profit of more than $1 billion in 2003-04. -Reliance Industries Ltd has bagged a National Thermal Power Corporation (NTPC) order to supply 3 million tonnes of natural gas per annum for the latter's proposed 1300-MW power stations at Kawas and Gandhar in Gujarat for seventeen years -RIL chairman wins Asia Society Leadership award -RIL, IOC inks deal for petro goods offtake -Reliance Industries announced that it had acquired Trevira, a polyester company in Germany, for around Rs 440 crore (E80m), taking it closer to the position of the world's largest polyester maker -RIL appoints Parthiv Patel as sports executive -Reliance Industries takes over NIS Sparta -Reliance join hands with Temasek for $200 mn Power Fund -Reliance picks up Nasscom IT Excellence Award -RIL gets `Petrochemicals Company of the Year' award for 2004 2005 -RIL partners with Vivada for sale of diesel to fishing trawlers and boats -Reliance Industries Ltd was awarded the `International Refiner of the Year' 2005 at the World Refining and Fuels Conference's awards ceremony held in San Francisco on March 10, 2005. -Reliance Industries wins annual '2005 ASTD Best Award' from American Society for Training & Development -Reliance Industries wins two National Energy Conservation awards -Reliance Industries bags 'National Award for R&D Efforts in Industry - 2005' -RIL inks MoU with HSIDC for establish multi-product SEZ -Reliance Infocomm has joined hands with Vyjayanti Movies, the producers of 'Jai Chiranjeeva' featuring Tollywood megastar Chiranjeevi, Sameera Reddy and Bhumika Chawla. 2006 -RIL inks marketing pact with Gulf Oil -Reliance Industries has unveiled the much-talked about Reliance Fresh brand, the first format of the company's Rs 25,000-crore retail initiative, here on October 29. 2007 -Reliance inks JV with Yemen oil firm for refinery --Gail India Ltd and Reliance Industries Ltd (RIL) signing a Memorandum of Understanding (MoU) for cooperation in gas sector on March 15, 2007. - Reliance Industries Ltd has appointed Dr. R A Mashelkar has been appointed as an Additional Director on the Company's Board. -Reliance Industries Ltd has formed a $110 million joint-venture with Mammut Group of Dubai. -Reliance signs agreement to acquire assets in Malaysia Consolidating global polyester vision. -RIL buys Malaysian based polyester firm. -Reliance Industries Ltd has signed Technical Evaluation Agreement in 2005 which has been converted to Hydrocarbon Production and Exploitation Contracts with Agenda Nacional de Hydrocarburos (ANH) of Colombia for two Offshore blocks, Borojo (pronounced as Boroho) North and Borojo South. 2008 - Reliance Industries makes Another Gas Discovery in Shallow Water Block in the Krishna Basin. - RIL wins a Deep Water block in NELP VII - Reliance Industries Strikes Eighth Gas Discovery in Block NEC - 25 in the Mahanadi Basin - Reliance signed an agreement to acquire certain polyester (capacity) assets of Hualon, Malaysia. - Reliance also signed MoU with GAIL (India) Limited to explore opportunities of setting up petrochemical plants in feedstock rich countries outside India 2009 - Reliance Industries has discovered natural gas reserves in a well drilled on its NEC-25 block in Mahanadi basin, off the Orissa coast. - Reliance Industries has raised around Rs 3,188 crore through sale of 1.50 crore equity shares of the company. - RIL joins the league of global deepwater oil and gas operators - RIL commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API. - RPL merger with RIL: Value creation through scale and synergies - The merger of Reliance Petroleum Limited (RPL) with Reliance Industries Limited (RIL) has enabled seamless integration of operational scale and financial synergies that existed between the two Companies. -Reliance Industries has given the Bonus in the Ratio of 1:1 2010 - Haryana Special Economic Zone (SEZ), Reliance Industries (RIL) has roped in a partner, in a bid to re-energize its dormant. - RIL has bought around 3 mn barrels of spot crude from Brazilian company Petrobras. The delivery is expected in the next two months. The purchase was fuelled by lower freight rates and weaker US crude prices as compared to Europe. Reliance has bought a VLCC of Roncador Heavy and Albacora crudes to be loaded this month, and a Suezmax of October-loading Marlin. - During the year, RIL and BP announced a strategic partnership in the oil and gas business. This partnership comprises BP taking 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the KG-D6 block, and the formation of a joint venture (50:50) for sourcing and marketing gas in India. - The Company entered into partnerships in the United States of America with Atlas Energy, Pioneer Natural Resources and Carrizo Oil & Gas through three distinctive joint venture agreements. - RIL and Russia's SIBUR announced a joint venture for the setting up of a facility for producing 100,000 tonnes of butyl rubber in India. - RIL acquired a 95% stake in Infotel Broadband Services Limited, which emerged as a successful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) spectrum conducted by the Department of Telecommunication, Government of India. RIL has invested Rs. 4,201.64 crore by way of subscription to equity capital issued by Infotel Broadband. 2011 - Reliance Industries (RIL) entered a deal with NTPC and GAIL, ensuring supply of more gas to Andhra Pradesh power projects by the end of April, 2011 - Reliance signed MoU with Gujarat on petroleum education - Reliance-BP deal strengthened productivity at D-6 block - RIL - Reliance Industries and D. E. Shaw Group announced Joint Venture. - Reliance Industries Ltd. awarded Application Level A by GRI for Sustainability Report "New Businesses. New Technologies. New Partnerships. (2011) - RIL - Reliance Industries finds Gas and Condensate Discovery In Cauvery-Palar Region - Reliance partners with Siemens to bring state-of-the-art homeland security solutions to the Indian market - RIL signs $7.2 bn oil & gas deal with BP 2012 - Mukesh Ambani-led Reliance Industries Ltd (RIL) and the state-run oil giant Petroleos de Venezuela, SA (PDVSA) has inked 15 year supply agreements with the company. - Reliance Brands partnered with US based Iconix Brand Group - Reliance Mutual Fund launched a new close ended income scheme named "Reliance Fixed Horizon Fund - XXII - Series 33" with maturity time of 550 days - RIL - Jamnagar SEZ Refinery wins coveted British Safety Council's Globe of Honors - RIL - SIBUR and Reliance form a Joint Venture to produce butyl rubber in India - RIL in deal with Texas-based Fluor Corp - RIL inked MoU with TV18 groups to get access to content for 4G broadband - Reliance Industries Ltd partnered with Himachal Futuristic Communications Ltd to provide 4G network. - RIL signed Cisco to develop core technology framework for 4G services 2013 -RIL signed a US$ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland AG. The loan will be primarily used to finance goods and services procured from German suppliers as part of RIL's petrochemicals expansion projects at Jamnagar, Hazira, Silvassa and Dahej in India. -The Global Reporting Initiative (GRI) awarded A level to RIL's Sustainability Report 2011-12. This is the seventh year in a row RIL has received highest application level on sustainability reporting. RIL is also the first company to adhere to the GRI 3.1 Oil & Gas Sector Supplement, released in February 2012. -RIL and the Venezuelan state oil company, Petroleos de Venezuela, SA (PDVSA) signed a 15 year heavy crude oil supply contract and a Memorandum of Understanding (MoU) with PDVSA to further development of Venezuelan heavy oil fields. PDVSA will supply between 300,000 and 400,000 barrels per day of Venezuelan heavy crude oil to RIL's two refineries in Jamnagar under a 15-year crude oil supply contract. -The Board of Ex-Im Bank voted to extend the single largest financing transaction of US$ 2.1 to RIL. This includes direct loan and to guarantee a US$ 1.06 billion JPMorgan Chase loan to the Company. The loan will be primarily used to finance goods and services procured from exporters and suppliers in the United States as part of Reliance's expansion projects at Jamnagar, Gujarat. -The share buy-back programme which ended in January 2013, RIL bought and extinguished 46,246,280 equity shares of Rs. 10 each. It was 38.54% of the total buy-back offer quantity of 120,000,000 equity shares. The total amount invested in the buy-back was Rs. 3,366 crore and the average price at which the equity shares were bought back was Rs. 726.68 per share. -RIL's SEZ Refinery at Jamnagar won the prestigious 'Globe of Honor Award' for the excellence in Environmental management by the British Safety Council, London. -RIL was awarded the prestigious 'International Refiner of the Year' 2013 at HART Energy's 27th World Refining & Fuel Conference held in USA. The award was presented to Reliance for producing cleaner, higher-quality gasoline and diesel fuel, operating with the highest international refining standards and innovative use of resources in diverse environments and for innovation, global vision, and ability to chart future changes. RIL is the only Asian refiner to have been conferred this award twice. 2014 -Reliance Jio and Bharti signed agreement under which Reliance Jio will utilize dedicated fiber pair on Bharti's i2i submarine cable that connects India and Singapore. The i2i cable system will provide Reliance Jio direct access and ultra-fast connectivity to major hubs across Asia Pacific. -RIL and its partners announced a significant gas and condensate discovery (MJ-1 discovery) in the KG-D6 block off eastern coast of India. -S&P upgraded the long-term corporate credit rating on Reliance to 'BBB ' from 'BBB', one of the highest ratings by S&P for an Indian corporate and the highest rating by S&P for an Indian Oil & Gas company. The new rating is two notches above the rating for the Indian sovereign. -Reliance Jio and Reliance Communications signed agreement for sharing of RCom's nationwide telecom towers infrastructure. -RIL-BP announced a new gas condensate discovery off the east coast of India in the deepwater block CY-DWN-2001/2 (CY-D5) in the Cauvery basin. -Reliance Jio received Unified License for all 22 Service Areas across India and becomes the first telecom operator in the country to get pan India Unified License. -Reliance Jio acquired spectrum in 14 key circles across India in the 1800 MHz band in the spectrum auction conducted by DoT, Government of India. -Reliance Jio and Viom Networks signed agreement for sharing of Viom's nationwide telecom towers infrastructure. -RIL selected for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round -2013. -Reliance Jio and ATC India signed a tower sharing agreement for utilizing telecom tower infrastructure of ATC India across the country. RIL commissioned new PFY plant at Silvassa which is the most automated and one of the most environment-friendly plants globally.  2015 -Reliance Jio announces acquisition of Spectrum in the 800MHz and 1800MHz bands in the auction conducted by Department of Telecommunications, Government of India - Reliance has inked production sharing contracts (PSC) with the Myanmar government's Myanma Oil & Gas Enterprise (MOGE) for two offshore blocks -Reliance Signs Definitive Agreements for the Sale of its Interest in "Midstream Joint Venture in the Eagle Ford" to Enterprise Products Partners for $1.07 Billion". -R Jio inks 4G device distribution deals with LG, Lenovo, Micromax, Intex -Reliance Industries has won the Platts Global Energy Award -Reliance Industries - successful commissioning of new Purified Terephthalic Acid (PTA) plant at Dahej, Gujarat. -Reliance Industries successfully commissions PET resin (Polyethylene Terephthalate) capacity at Dahej, Gujarat. -Reliance Industries, India and Shandong Ruyi Science and Technology Group Co. Ltd, China (`Ruyi') have executed definitive agreements for a joint venture in textiles. - Reliance Industries & the Mexican state owned company, Petroleos Mexicanos (PEMEX) have entered into a Memorandum of Understanding (MOU). -Reliance Industries announced that Independent Media Trust (IMT) of which RIL is the sole beneficiary, has completed the acquisition of control of Network 18 Media and Investments Limited (NW18) including its subsidiary TV18 Broadcast Limited (TV18).  2016 -Reliance Industries arm to invest Rs 1,300 cr in Haryana for electronics hub. -Reliance Industries starts procedure to develop deep sea fields. -Reliance Industries launches 8,100 km long cable system. -Reliance Industries gets green nod for exploratory drilling proj in TN. -Reliance Industries Ltd has informed "Launch of Digital Services by Reliance Jio Infocomm Limited". -Reliance Industires 'Reliance JIO announces acquisition of 269.2 MHz Spectrum in the 800MHz, 1800MHz and 2300 MHz bands in the auction conducted by department of telecommunications, Government of India'.  2017 -The company issues bonus equity shares of the Company in the ratio of 1 (one) bonus equity share of Rs. 10/- each for every 1 (one) existing equity share of Rs.10/- each. -Reliance Commences Commercial Production Of Coal Bed Methane In Sohagpur'. -RIL becomes the second largest producer of Para-xylene (PX) globally'. -Reliance Jio Infocomm Limited, a subsidiary of the Company, titled 'Jio Launches New Submarine Cable System'. -Reliance Industries Wins Prestigious 'Dupont Operational Excellence Award'. -RIL has been adjudged the Global Winner of `The DuPont Operational Excellence Award &ndash. -Reliance Industries Ltd has partnered BP to develop already-discovered deepwater gas fields, bringing new gas production for India. -Company has issued Bonus Shares in the Ratio of 1:1. 2018 - Jio ranks at no. 1 for most innovative companies in India - Reliance Jio announces new Postpaid offering. - RIL arm buys 100% stake in Rhea Retail Pvt. Ltd. - RIL completes acquisition of Embibe.  2019 - Nafed to set up 100 bio-CNG plants via PPP with Rs 5,000-cr investment. -Jio and Microsoft Announce Alliance to Accelerate Digital Transformation in India. - Reliance and BP sanction third phase of integrated KG D6 development. - Reliance Brands Limited Marks Its International Foray With Acquisition Of British Toy Retailer Hamley.  2020 -New Production from Kg D6 Project on Track to Start by Mid-2020. -Jio Partners with Aeromobile to Launch India's First In-Flight Mobile Services. - Reliance Inds. - Acquisition Of Further Shares Of Alok Industries Limited - Reliance Industries completes acquisition of IMG Reliance.-Company issued rights shares of Rs. 10 in the ratio of 1:15 at a premium of Rs. 1247 per share. 2021 -Reliance Industries Rallies its Resources on a War Footing to Become India's Largest Producer of Medical Grade Liquid Oxygen from a Single Location. -Reliance Retail Ventures Limited Announces Acquisition of Controlling Stake in Just Dial Limited for a Total Consideration of Rs 3,497 Crores. -Reliance Retail to Launch 7-Elevenr Convenience Stores in India.  2022 -Reliance Industries signs MoU for investment of Rs 5.95 lakh crore in Green Energy & other projects in Gujarat. -Reliance Retail Ventures Limited Joins Hands with Abraham & Thakore. -Sanmina and Reliance Create Manufacturing Joint Venture in India. -Reliance New Energy Limited acquires assets of Lithium Werks. -Reliance Brands Limited and Abu Jani Sandeep Khosla Partner to Reinforce the Storied Couture House. 

1973 - On 8th May the company was incorporated in Karnataka state as a public limited company under the name Mynylon Ltd. to manufacture synthetic blended yarns and fabrics, polyester filament yarn, polyester glass shells and colour TV picture tubes. 1975 - On 28th June this company was converted into a public limited company. - On 11th February 1966 a company by name of Reliance Textiles Industries Pvt Ltd was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat. - On 1st July, Reliance Textile Industries Ltd, was amalgamated with Mynylon Ltd.  1977 - With effect from 11th March 1st the name of Mynylon Ltd was changed to Reliance Textiles Industries Ltd. The company manufactures synthetic blended yarns and fabrics polyester filament yarn polyester staple fibre chemicals and allied products colour TV glass shells and colour TV picture tubes. The Company's yarns are marketed under various brand names such as Texalit, Textron, Texlene, Poly dyed and polytwist. The company's fabrics are marketed under the brand name "VIMAL". - On November Dhirajlal H Ambani and Natvarlal H Ambani along with some other existing shareholders offered for sale at par to the public. 28,20,000 equity shares of the Company in order to get the shares of the company listed on the stock Exchange at Mumbai.  1979 - During the year Sidhpur Mills Co. Ltd which has an installed capacity of 38,368 spindles and 490 looms was amalgamated with the company. In terms of the scheme of amalgamation, the company was to issue and allot for every one equity share of Rs. 100 each of Sidhpur, 2 equity shares of Rs.10 each and one bond of Rs.80 of the company. - The Company allotted a total of 1,12,000 No. of equity shares of Rs 10 each and 35,000 - 11% bonds of Rs 80 each to the shareholders of Sidhpur Mills.  1980 - Company was set up Polyestr Filament Yarn Plant at Patalganga in Raigad district of Maharashtra with the financial and technical collaboration with E.I Du Pont De Nemours & Co; USA. - The Company received a letter to intent from the manufacture of 10,000 tonnes per annum of polyester filament yarn. Financial and technical collaboration was finalized with E.I. Du Pont De Nemours & Co., U.S.A. 1982 - 5,50,000 - 13.5% Pref. shares issued as Rights to equity share holders. 19,20,000 equity shares issued to debentureholders (Series III) as per the terms of that issue. 815 No. of equity shares allotted out of the Rights issue of 1981.  1983 - 111,56,741 Bonus Equity shares issued in propn. 3:5. 64,00,000 No. of Equity shares of Rs 10 each issued in part conversion of debs. (iv series) on 30.9.- Of these, 24,00,000 shares issued as additional entitlement to debentureholders (iv series) on account of bonus issue.  1984 - 101,24,675 No. of Equity shares allotted conversion of non-convertible portion of debentures of Series I, II, III and IV of the total value of Rs 7231.92 lakhs in prop. 1:4. Equity shares of Rs 10 each for every Rs 100 of debentures (100,28,359 shares in 1984 and 96,316 shares in 1985). 53,33,333 No. of equity shares issued (prem. Rs 40 per share) on part conversion of `E' Series debentures as on 30.4.1985. Rate of dividend on 13.5% pref. shares increased to 15% effective from 16.5.1984.  1985 - A letters of intent were received for the manufacture of 50,000 tonnes per annum of high density polyethylene (HDPE) and 1,00,000 tonnes per annum of poly vinyl chloride (PVC). Technical collaboration agreements were signed with Du Pont for HDPE and with B.F. Goodrich & Co., for PVC. Steps were also taken to set up a project for the manufacture of mono ethylene glycol (MEG), a basic raw material required for the polyester industry. A Collaboration agreement was entered into with Scientific Design company, New York for this project. - The Company installed an additional capacity of 15,125 tonnes per annum of polyester yarn. - With effect from 1st October the running business of the Sidhapur unit was taken over by Devti Fabrics Ltd, is a subsidiary of the company. - The name of the company was again changed from Reliance Textiles Industries Ltd to Reliance Industries Ltd with effect from 27th June. - On 30th September Devti Fibres Ltd became a subsidiary of the company. Trishna Investments and Leasing Ltd., Reliance Industrial Investments & Holdings Ltd., Reliance Petroproducts Ltd. also subsidiaries of the Company. - Steps were in progress for implementing a project for the manufacture of purified terepthalic acid with a capacity of 75,000 tonnes per annum in technical collaboration with Imperial Chemical Industries UK and UOP Processes International Inc. USA. This plant was commissioned during the year. 1986 - On March a plant for the manufacture of Polyster Staple Fibre was commissioned in technical collaboration with F.I DU Pont De Nemours and Co. USA. - During the same year company set up a project for the manufacture of linear alkyl benzene in technical collaboration with UOP Processes International Inc. USA. - As a measure of diversification the company undertook to set up a project for the manufacture of 50,000 tonnes per annum of linear alkyl the manufacture of 50,000 benzene in technical collaboration with UOP Processes International Inc., U.S.A. 1987 - Three letters of intent were converted into industrial licenses. Subsequent to 30th June, all these industrial licenses were transferred to Reliance Petrochemicals, Ltd., a company incorporated as a subsidiary of the company. - 689,65,480 No. of Equity shares allotted (prem. Rs 62.50 per shares) in conversion of `G' series debs. Out of which 660,30,100 shares allotted in respect of earlier conversion of debs. 300,00,000 Rights shares than issued (prem. Rs 50 per share; prop. 1:4) (all were taken up 14,60,000 additional shares were allotted to retain over-subscription for rights. Along with the Rights issue, 14,00,000 No. of Equity shares were offered to employees at a prem. off Rs 50 per share (under Employees Stock Option Scheme) but only 1,11,695 shares taken up. The balance 12,88,305 shares allowed to lapse. ) 1988 - Linear Alkyl Benzene Project was commission on the second quarter of the year. LAB is sold under the brand name "Relab".  1989 - During the year approval was received under the board branding scheme for the manufacture of 15,000 tonnes per annum of PFY under the description PSF/PFY with in the licensed capacity PSF.  1990 - During the year pursuant to the policy announced by Govt. regarding minimum economic scale, the company embarked upon expansion of PTA capacity from 1,00,000 tonnes to 2,00,000 tonnes per annum. The project is being undertaken in technical collaboration with John Brown Engineers & Constructors Ltd. UK. - During the year the company entered into a Memorandum of Understanding with West Bengal Industrial Development Corporation Ltd. for setting up a joint sector project for the manufacture of 15,000 tonnes per annum of polyester filament yarn. In December a joint sector agreement was entered into for setting up a new company under the name Reliance Bengal Industries Ltd. -The technical collaborator for PFY and PSF was DuPont, US, and for PTA, UOP Processors, US, and ICI, UK.  1991 - A technical collaboration agreement for 10 years was entered into with Stone And Webster Engineering Corporation USA for production of 4 lakh TPA of ethylene, 1.95 lakh TPA of propylene and 1.20 lakh TPA of mixed C4 stream. - During the period company commissioned its 1,00,000 TPA Ethylene Oxide and Mono Ethylene Glycol plant at Hazira. - In Series - `H' Debentures, 304,00,000 - 12.5% secured redeemable partly convertible debentures of Rs 150 each offered on Rights basis in the proportion 1 debenture: 5 equity shares held. Additional 45,60,000 debentures were allotted to retain over subscription. 15,20,000 debentures were offered to employees' on an equitable basis. Only 15,00,000 debentures taken up. The unsubscribed portion of 20,000 debentures were allowed to lapse. Rs 55 of the face value of each debenture was to be converted into 1 equity shares of Rs 10 each at a premium of Rs 45 per share at the end of 18 months from the date of allotment. Remaining Rs 95 of the face value of each debenture was to be redeemed at par on the expiry of 10 years from the date of allotment. - In Series - `J' Debentures 76,00,000 - 14% secured redeemable non-convertivle debentures of Rs 150 aggregating to Rs 114 crores attached with a detachable warrant, to the equity shareholders on rights basis in the proportion of one debenture for every 20 equity shares held. Additional 11,40,000 debentures were allotted to retain over subscription. The debentures of Rs 150 would be redeemed on the expiry of 10 years from the date of allotment. - In Series - `K' Debentures 265,50,000 - 17.5% Secured redeemable non-convertible debentures of Rs 100 aggregating Rs 265.50 crores to the equity shareholdes on Rights basis in the proportion of 1 debenture for every 6 equity shares held. These debentures would be redeemed on the expiry of 10 years from the date of allotment.  In 1991-92, RIL commissioned a petrochemicals unit to manufacture HDPE and PVC at Hazira, Gujarat, in technical collaboration with DuPont and BF Goodrich respectively.  1992 - With effect from 1st March Reliance Petrochemicals Ltd. was merged with the Co. As per the scheme of amalgamation, 1 equity shares of RIL was issued against 10 equity shares held in Reliance Petro Chemicals Ltd. - The PFY unit introduced a wide range of value added products including textured, twisted, high twisted dyed yarn. Approvals were received from the Government towards acquisition of 2 Suez-Max crude oil tankers. - The Company proposed to set up a project for the manufacture of 70,000 TPA of polyester yarn and 30,000 TPA of bottle grade PET chips in Hazira. - 13% Pref. shares fully paid-up. 183,99,935 No. of Equity shares allotted till date as again 92,00,000 Global depository shares 749,40,440 No. of Equity shares allotted shareholders of erstwhile Reliance Petroleum Ltd., under Scheme of Amalgamation.  1993 - The PFY division introduced two new products viz., Micro and multi-filament yearn. Several new and customized product range was introduced such as ultra-stabilized raffia grade, high flow injection moulding grade and high ESCR blow moulding grade. - On May 27 the company offered 92,00,000 GDS representing 184,00,000 shares. - The company undertook to expand the captive power capacity at Hazira as well as set up new captive power plants at Naroda and patalganga. On completion of these project, an addition of 150 MW of power was to be added, increasing the total installed captive power plant capacity to 350 MW. - The Company proposed to set up a caustic chlorine plant with a capacity of 1,98,000 TPA of chlorine, 2,34,000 TPA Caustic Soda plant at Hazira for manufacture of ethylene di-chloride (EDC). - The Company was awarded the medium sized discovered oil and gas fields for exploration and production. - 364,60,000 No. of Equity shares allotted on part conversion of `H' Series debenture 100,05,586 No. of equity shares allotted again warrants issued. 3,16,667 shares allotted to SCICI on conversion of loans 103,16,027 shares allotted underlying. 127,66,000 GDS issued on 15.2.94 of which 81,66,571 shares yet to be allotted. 1994 - Company issued 60,00,000 - 18% non convertible secured redeemable debentures of Rs.100 each on private placement basis with financial institutions. - A new product Octene LLDPE was introduced. - The Company undertook steps to de-bottlenecking its existing facilities and modernize the Control and Automation system. It was also proposed to set up a 5,000 TPA of FDY plant plant at Patalganga. In the fibre intermediate business, the Company undertook to set up a World Size PTA plant of 3,50,000 TPA at Hazira. A new plant to produce 1,20,000 TPA of MEG was to be set up adjacent to its existing capacity. It also proposed to increase the polyvinyl chloride capacity to 30,000 TPA. - The Company signed a Memorandum of Understanding with the Government of Assam for implementation of RAPL for manufacture of 3,00,000 TPA of ethylene, 3,00,000 TPA of Polyethylene and 65,000 TPA of Oxoalchols based on ethylene and propylene products from the gas cracker.  1995 - On January the company issued 82,50,000 14% secured redeemable non convertible debentures of Rs.100 each on a private placement basis with financial institutions, banks/bodies corporate. - On 23rd January, the Company allotted 600,00,000 - 14% Secured redeemable non-Convertible debentures with detachable Warrants of Rs. 12.50 each. - During the year company commissioned a new Triethylene Glycol manufacturing factory with a capacity of 10,000 TPA to add value to Diethylene Glycol (DEG), a by product from its Monoethylene Glucol plant. TEG is an import substitute used in oil exploration, lubricants and speciality application. - During the year company has an unincorporated joint venture with Enron & ONGC to develop Pann, Mukta and Tapti fields. - During June, the Company allotted 995,75,915 No. of equity shares of Rs 10 each to the erstwhile shareholders of Reliance Polypropylene Ltd. (RPPL) and Reliance Polyethylene Ltd. (RPEL) in the ratio of 30 equity shares of Rs 10 each for every 100 equity shares of Rs 10 each held in RPPL and 25 equity shares of Rs. 10 each of the Company for every 100 equity shares of Rs 10 each held in RPPL. - During the year company signed a Memorandum of Understanding with the Govt. of Assam for implementation of RAPL (Reliance Assam Petrochemicals Ltd.) for manufacture of 3,00,000 TPA of ethylene, 3,00,000 TPA of Polyethylene and 65,000 TPA of Oxoalchol based on ethylene and propylene products from the gas cracker. - Reliance Industries Ltd.(RIL), has tied up with United Oil processing Company of the US, for production of paraxylene at Jamnagar. - In 1995-96, it entered the telecom industry through a joint venture with Nynex, US. RIL is India's largest private sector enterprise, is a major player in the Indian petrochemicals sector.  1996 - The company commissioned 3,50,000 tpa PTA Plant. - Reliance Telecom has struck a deal with US-based telecommunications giant Motorola to set up the cellular network in the secured circles. A letter of intent had been singed by both the companies in October. - During the year Co. completed debottelenecking of the PVC plant and increased the capacity to 270,000 tpa. As a part of its vertical integration stategy the Co. undertook to set up a new 1,20,000 TPA MEG project at Hazira. - During the year Co. commissioned new 1,60,000 TPA. PSF plant based on DuPont technology the PET bottle grade resin plant of 80,000 TPA capacity received technological assistance of SINCO Engineering Italy. - During the same period company commissioned the 1,20,000 TPA MEG project using ABB Lummus crest, Netherland's techology. And the NGL/Naptha gas cracker palnt using technology of stone & webster USA, neared mechanical completion. - During the year the company commissioned 60,000 tpa PYF capacity at Hazira. And a 350,000 tpa capacity polypropylene fully computerised plant was commissioned during 96-97. - During the year company commissioned the largest multified carbon plant to produce 7,50,000 tpa of ethylene, 365,000 tpa of propylene and over 10,00,000 tpa of anomatics and other products. - During the year company constructed a cost effective infrastructure commissioning of 1 single point mooring system, 3 jetties. It has 1 ocean going tanker, 4 ocean going vessels for liquefied gases and 5 tugs. The expansion is resigned to handle Ethylene, Propylene, EDC, VCM, LPG, Butenes, MEG, PXBZ & Naphtha. - During the same year company undertook to implement 3 independent power projects in separate entities with a total power generating capacity of 1331 MW at Patalganga, Bawana, Jamnagar. - 15% Pref. shares redeemed. 7,908 shares out of these meant for amalgamation issued. 14% Pref. CR redeemed. - During the period Reliance Industries Limited, is to tie-up with Nynex Corporation to jointly bid for the licenses to operate basic and cellular telecom networks throughout India. - Reliance Industries Ltd., has tied up with the $ 16-billion Baby Bell telecom company from the US, the Nynex. The combine will bid for basic and cellular mobile telephone service with the Department of Telecommunications. - The company was awarded four separate exploration blocks.  1997 - Enron Oil Gas, the joint venture partner and operator presented a proposal to Tapti Consortium participants seeking approval of a new development plant for Tapti gas fields by which the volumes could reach 17 million standard cubic meters during 2000 if the plan was approved. - During the year Co. commissioned an 80,000 tonnes bottle grade PET Chip plant at Hazira manufacturing complex. The chips was marketed under the brand name "Relpet". - The company commissioned a new 3,50,000 tpa PTA manufacturing facility based on ICI, UK technology. - The Company proposed to set up two more plants one PP plant with capacity of 4,00,000 tpa and these paraxylene plants with an aggregate capacity of 1.4 million tpa. - Company has set up a refinery at village Motikhvdi, Gujarat under the name Reliance Petroleum Ltd. Reliance along with its subsidiary Reliance Industrial Investments & Holdings Ltd. hold 39% of the paid up equity capital of Reliance Petroleum on a fully deluted basis. - Reliance undertook to make significant investments in Reliance Petroleum Ltd., for setting up of the grass root refinery at Jamnagar, Gujarat. - 46,60,90,452 bonus equity shares allotted 7289149 No. of equity shares allotted at conversion of debentures and reissue of forfeited shares. - Reliance Industries Ltd. (RIL) has successfully commissioned its third 30,000 tonnes per annum (tpa) polyester filament yarn (PFY) plant at Hazira in Gujarat. The capacity at the Hazira plant is being further extended to 120,000 tpa of PFY by setting up another 30,000 tpa plant shortly. - Bharti Telenet and Reliance were awarded letters of intent for Madhya Pradesh and Gujarat circles respectively. - Reliance Industries will commission the world's largest grass-root single-stream multi-feed cracker plant. - The Reliance Industries Ltd. (RIL) has achieved the distinction of becoming the first company in the country to undertake security audit in the interest of its investors. - Reliance Industries Limited has commissioned its second Mono Ethylene Glycol plant based on Shell process, with a capacity of 120,000 tonnes per annum, at its Hazira Petrochemicals Complex. - The National Securities Depository Ltd. (NSDL) and Reliance Industries Ltd. are embarking on a joint marketing effort to issue RIL bonus shares in the demat form. - RIL was one of the first companies to join the depository and by issuing bonus shares through the demat form, investors will be assured of clean securities. - Around 57 lakh euro-convertible bonds of Reliance Industries Ltd. were converted into equity shares ahead of the book-closure for the 1:1 bonus issue on November 29. - Reliance Industries Ltd. has bagged the National Energy Conservation Award, 1997 in the petrochemical sector. The petrochemicals giant has won the special prize for the fourth consecutive year.  1998 - For the first time Reliance Industries is entering the health-care sector with an initial investment of Rs.100 crore. It has become joint trustees of Sir Hurkisondas Nurrotumdas Hospital at Charni Road in Mumbai. - Reliance Industries, India's largest private sector company, has undertaken a major initiative on corporate governance, under which it has accorded a vital role to its non-executive directors. - Reliance Industries Ltd (RIL) founder and chairman Dhirubhai Ambani was awarded the prestigious the Dean's medal by the Wharton school (University of Pennsylvania) at a glittering ceremony in Mumbai on 15th June. - Reliance Industries Ltd (RIL) has won the runner up award in the Best emerging market company investor relations category for 1998 instituted by UK's Investor Relations Magazine in association with Financial Times. Reliance is the first and only Indian company to have received this prestigious award and the only Asian company to get this award in the emerging markets category. - Reliance Industries Ltd (RIL) has struck an understanding with the US based engineering firm Carter burgess Ltd to undertake projects in the road sector through the joint venture route. In the proposed joint venture, reliance will have the majority stake. - RIL had entered into a 50:50 joint venture with Hoechst Fibres (a part of Hoechst AG, Germany) to manufacture aide range of polyester technical fibres. - The Chennai High Court has declined to interfere with the award of the Rs 15,000-crore private power project at Jayamkondam in Tamil Nadu to Reliance Industries Ltd (RIL) by the State Industrial Development Corporation (TIDCO). - 65,00,000 Red. Pref. shares of Rs. 100 each issued.  1999 - The Company undertook the commissioning of its jamnagar petrochemicals complex. - Reliance Industries Ltd, is currently setting up a Rs 5,550 crores petrochemical complex at Jamnagar. - The un-incorporated joint venture between Reliance Industries, Oil and Natural Gas Corporation (ONGC) and the US-based multinational Enron Oil and Gas has submitted a proposal with the union petroleum ministry for a four-fold increase in its gas production from five million tonnes a day to 22 million tonnes a day. - Reliance Industries Ltd (RIL), India's largest private company, has chalked out a capital allocation framework to enhance shareholder value and ensure profit growth and capital productivity. - Once again Reliance Industries Limited (RIL) is in the international limelight. RIL been named as one of the World's 100 best-managed companies for the year 1999 by Industry Week (IW), a leading US magazine. - During 1999-2000, the company completed its integrated jamnagar complex, in a record period of less then 3 years.  2000 - Reliance has been ranked the second largest producer of POY and PSF in the world, and the largest polyester manufacturer in India, with a marketshare of 51 %. - Reliance is setting up a new venture for e-commerce related services and has roped in National Stock Exchange's head of market operations, derivatives, IPO and membership Ashishkumar Chauhan for piloting the new project. - Reliance Industries Ltd to sign PSCs for exploration blocks in West Coast. - Reliance Industries Ltd. to buy back shares up to Rs.1,100 crore at Rs.303. - The US-based Eastman Chemical Company signed MoU with Reliance Industries, to develop the market for Spectar copolymer and Eastar PETG copolyester in India. - Reliance and Malaysia's Petronas have signed an agreement with National Iranian Oil Co. to set up a 7.5 million-tonne per year liquefied natural gas plant in Iran, industry. - The Company has informed that, Reliance Power Ventures Ltd., a wholly owned subsidiary of the company, propose to acquire an aggregate of 2,75,45,133 fully paid equity shares of BSES of face value of Rs. 10/- each at a price of Rs. 234/- per fully paid-up equity share. - Reliance Power Ventures, a wholly-owned subsidiary of Reliance Industries. - Reliance Industries' internet service brand "Only Smart" was launched in Calcutta. - The Karnataka Government and Reliance Industries have set in motion a joint venture in e-governance to start 7,500 info kiosks all over the State. - The Company has acquired 100 acres at Patalganga to set up the proposed 447 mw power project. - Reliance Industries Ltd. and Jet Airways have signed an agreement in principle to work together on planned airport privatisation projects. - Issue of equity linked warrants under Employees Stock Option Plan. - Reliance Industries Ltd to set up a world-class Indian Institute of Information Technology. - Reliance Industries Ltd. is set to consolidate the financials' of BSES Ltd. under its own income statement from the second quarter of this fiscal. - The board has issued 5,26,87,851 equity-linked warrants under the ESOP in accordance with the resolutions passed at the company's 26th AGM. - Reliance Industries Ltd is the first private sector Indian company to find a place in the Forbes' International list of the 800 largest non-US companies, published in the current edition of the magazine. - The Company has been selected as one of the "World's 100 best-managed companies" for the Year 2000. - Reliance Industries Ltd (RIL) has topped in mobilisation through debt private placements during the first quarter of the current fiscal. - The Company executive director Nikhil R Meswani has been elected as president of Associaton of Synthetic Fibre Industry. - Credit rating agency Crisil has assigned the highest safety rating of `AAA' to the Rs 500 crore non-convertible debenture issue of the company. - Reliance Industries is set to take over the polyester business of JCT in a deal valued at Rs 492 crore. - Reliance Industries Ltd was completing the Assam Gas Cracker Project within 44 months on finalisation of Gas Supply Agreement with Oil India Ltd and ONGC/GAIL, and the handing over possession of land at Lepetkota in Dibrugarh district. - Reliance has formed a joint venture with Andhra Pradesh Technological Services to set up 7,500 Internet kiosks across Andhra Pradesh to provide electronic governance to rural areas. - Reliance Industries as entered into a collaboration agreement with Nova Chemicals of Switzerland for the manufacture of high density polyethylene and develop new grades of polymers like film, pipe, blow moulded containers etc. - Reliance has been awarded the entertainment centre property in Mumbai's upscale Bandra-Kurla commercial complex. - Reliance holds a 30% interest in an unincorporated joint venture with Enron and ONGC, to develop the proven Panna, Mukta and Tapti (PMT) oil and gas fields. Enron has a 30% share and ONGC the balance 40% share. 2001 - During FY 2000-01, Reliance was, in a 90:10 consortium with Niko Resources of Canada, awarded 12 new exploration blocks by the government through a process of competitive international bidding. - Reliance Industries and RPG have envisaged interest in setting up a convergence network in industrial township of greater Noida. In April 2001, RIL successfully completed the first phase of a comprehensive restructuring plan for its textiles business located at Naroda, near Ahmedabad in the state of Gujarat, which presently contributes 1% of RIL's total revenues. - Fitch Ratings India Ltd. has assigned `Ind AAA' rating to the Rs 5,000-crore non-convertible debentures of the Company. - Reliance Industries has acquired an equity stake in five of Tullow Oil's blocks in Gujarat and Andhra Pradesh. - Reliance Industries has signed a memorandum of associatin with National Iranian oil and BP to undertake a $10 million easibility study to develop an LNG project in southern Iran. - Reliance Industries has entered into an alliance with Bangalore-based Indus League for the manufacture of its sole branded garment, Reance. - The Company has extended the share buyback programme for one more year as it has not bought back any shares during the current buyback period. - Reliance Industries has raised its stake in Larsen & Tourbo from 0.38 percent to 2.87 percent. - It has increased its stake in equity share capital of BSES, an electirc utility company, through open offer to 27%. Further it has announced the largest share buy back of Rs 1,100 crore at a maximum price of Rs 303 per share. - Reliance Industries will invest Rs 1,500 crore ($300 million) in oil and gas exploration and production sector over the next three years. - : Reliance Industries Ltd (RIL) has been granted the Golden Super Star Trading House status by the Directorate-General of Foreign Trade (DGFT) in recognition of RIL's outstanding achievement in export. RIL is the first manufacturer-exporter to be given this status - RIL has obtained ISO 9002 certification from BVQI for its Patalganga and Hazira complexes. RIL is the first private sector company in India to be rated by the international credit rating agencies. - Reliance is the world's third largest producer of paraxylene (PX),and the world's fourth largest producer of PTA. Within the country, Reliance is the largest manufacturer of PX, PTA and MEG, with a marketshare of over 80%. - Reliance is the largest producer of polymers in the country with a marketshare of 52%. Reliance has a capacity of nearly a million tonnes per year of polypropylene (PP), 400,000 tonnes per year of polyethylene (PE) and 300,000 tonnes per year of polyvinyl chloride (PVC). -In Nov. 2001, Reliance Industries sold its just over 10% equity stake in Larsen & Toubro, the second largest player in the cement industry, to Grasim Industries for Rs 766.5 crore. The divestment of the L&T stake is in consonance with its declared objectives of unlocking value from its investments, in the interests of maximising overall shareholder value. 2002 - In Jan. 2002, Reliance Petroinvestments has become a subsidiary of the company, while Reliance Life Insurance Company and Reliance General Insurance Company have ceased to be subsidiaries of the company. - In March 2002, the Board approved the proposal for amalgamation of Reliance Petroleum Limited (RPL) with the Company. The proposed Scheme of Amalgamation provides that the amalgamation will take effect from the Appointed Date i.e. April 1, 2001. All assets,liabilities and obligations of RPL will vest in the company w.e.f from the said appointed date. One equity share of the company will be allotted for every eleven equity shares of RPL held. - Shareholders of Reliance Petroleum Ltd on April 15 approved the merger of RPL with Reliance Industries Ltd at a meeting held in Jamnagar and convened under the orders of the Gujarat High Court. - Reliance Industries acquires 26% state & management control in Indian Petrochemicals Corporation Ltd. (IPCL) by paying Rs 1490.84 crore to Government of India.  2003 - Discovers gas it its offshore exploration in Gujarat - Finds more gas in Block D6 in the deep waters of Krishna Godavari Basin - Shuts down the aromatics plant at Jamnagar, Gujarat - Company's Hazira manufacturing unit gets IMC-Bajaj quality award 2002 - Discovers fourth gas in KG-basin - Unveils two improved lines of acrylic fibres - Anil Ambani appointed as BSES MD - Reduces stake in BSES from 55% to 49.5% and BSES ceases to be subsidiary of the company due to the disinvestment - Revises reserves of gas in Krishna Godavari Basin to 10.45 trillion cubic feet - Signs pact with Council of Scientific and Industrial Research (CSIR) to create breakthrough technology in key areas from laboratory to commercial scale wherein the company will be offered the first right to the IPR (intellectual property right) for commercial development - Ties up with DuPont Polyester Technologies (DPT) for the research and development (R&D) of the advanced polyester process and product technologies in India - Foreign Institutional Investors (FIIs) convert 24 million shares of the company into Global Depository Receipts (GDRs) - Strikes substantial gas reserves in Shahdol, Madhya Pradesh - Shifts corporate headquarters from Maker Tower IV, in Nariman Point to Reliance Centre in Bellard Pier - Oil discovered in RIL's exploration block 9 in Yemen in which the company holds 20% shares - Global rating agency Moody's changes the outlook on debt securities of the company from negative to stable - Incidence of leakage in the FCC section of the company's refinery at Jamnagar, in the State of Gujarat -Anil Ambani, Vice Chairman & Manading Director, voted as MTV Youth Icon of the Year -Initiated the work on deep-water exploration block, KG-D6, in the Krishna-Godavari basin off the Andhra Pradesh coast. -RIL bags fourth slot among `Top 10' in Asiamoney's corporate governance poll on Asian companies in the energy sector. And joined the club of a select few Asian companies and is the only Indian private sector enterprise to find a place in the `Top 5' in the energy sector category -Mukesh Ambani, chairman and managing director (CMD), donates $2 million to health programmes of the International Federation of Red Cross (IFRC) and Red Crescent Societies -Reliance exhorts NTPC Kayamkulam plant transplantation to Kakinada -Reliance occupies top slot in oil exports 2004 -Munich Re throws away Reinsurance JV program with RIL -Reliance Industries Associate signs MOU with National Organic Chemicals Industries Limited (NOCIL) fo taking over its petrochemicals & plastic products division -IPCL picks up gas from Petronet LNG -Reliance Industries Ltd has informed that FLAG Telecom on January 12, 2004 announced that the Company (FLAG Telecom) has amalgamated with Reliance Gateway -Reliance Jamnagar refinery voted best among 50 refineries worldwide -Gujarat gives away Gujarat Garima Awards to Tata, Ambani -Reliance Industries Limited (RIL) has increased the capacity of its Jamnagar refinery to 33 million tonnes from 30 million tonnes. -Mukesh Ambani ranks 40th in the world business leaders -Reliance join hands with Gail for Indo-Iran natural gas pipeline project -Reliance Industries, country' largest private sector company, has surged ahead of global players after it posted a net profit of more than $1 billion in 2003-04. -Reliance Industries Ltd has bagged a National Thermal Power Corporation (NTPC) order to supply 3 million tonnes of natural gas per annum for the latter's proposed 1300-MW power stations at Kawas and Gandhar in Gujarat for seventeen years -RIL chairman wins Asia Society Leadership award -RIL, IOC inks deal for petro goods offtake -Reliance Industries announced that it had acquired Trevira, a polyester company in Germany, for around Rs 440 crore (E80m), taking it closer to the position of the world's largest polyester maker -RIL appoints Parthiv Patel as sports executive -Reliance Industries takes over NIS Sparta -Reliance join hands with Temasek for $200 mn Power Fund -Reliance picks up Nasscom IT Excellence Award -RIL gets `Petrochemicals Company of the Year' award for 2004 2005 -RIL partners with Vivada for sale of diesel to fishing trawlers and boats -Reliance Industries Ltd was awarded the `International Refiner of the Year' 2005 at the World Refining and Fuels Conference's awards ceremony held in San Francisco on March 10, 2005. -Reliance Industries wins annual '2005 ASTD Best Award' from American Society for Training & Development -Reliance Industries wins two National Energy Conservation awards -Reliance Industries bags 'National Award for R&D Efforts in Industry - 2005' -RIL inks MoU with HSIDC for establish multi-product SEZ -Reliance Infocomm has joined hands with Vyjayanti Movies, the producers of 'Jai Chiranjeeva' featuring Tollywood megastar Chiranjeevi, Sameera Reddy and Bhumika Chawla. 2006 -RIL inks marketing pact with Gulf Oil -Reliance Industries has unveiled the much-talked about Reliance Fresh brand, the first format of the company's Rs 25,000-crore retail initiative, here on October 29. 2007 -Reliance inks JV with Yemen oil firm for refinery --Gail India Ltd and Reliance Industries Ltd (RIL) signing a Memorandum of Understanding (MoU) for cooperation in gas sector on March 15, 2007. - Reliance Industries Ltd has appointed Dr. R A Mashelkar has been appointed as an Additional Director on the Company's Board. -Reliance Industries Ltd has formed a $110 million joint-venture with Mammut Group of Dubai. -Reliance signs agreement to acquire assets in Malaysia Consolidating global polyester vision. -RIL buys Malaysian based polyester firm. -Reliance Industries Ltd has signed Technical Evaluation Agreement in 2005 which has been converted to Hydrocarbon Production and Exploitation Contracts with Agenda Nacional de Hydrocarburos (ANH) of Colombia for two Offshore blocks, Borojo (pronounced as Boroho) North and Borojo South. 2008 - Reliance Industries makes Another Gas Discovery in Shallow Water Block in the Krishna Basin. - RIL wins a Deep Water block in NELP VII - Reliance Industries Strikes Eighth Gas Discovery in Block NEC - 25 in the Mahanadi Basin - Reliance signed an agreement to acquire certain polyester (capacity) assets of Hualon, Malaysia. - Reliance also signed MoU with GAIL (India) Limited to explore opportunities of setting up petrochemical plants in feedstock rich countries outside India 2009 - Reliance Industries has discovered natural gas reserves in a well drilled on its NEC-25 block in Mahanadi basin, off the Orissa coast. - Reliance Industries has raised around Rs 3,188 crore through sale of 1.50 crore equity shares of the company. - RIL joins the league of global deepwater oil and gas operators - RIL commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API. - RPL merger with RIL: Value creation through scale and synergies - The merger of Reliance Petroleum Limited (RPL) with Reliance Industries Limited (RIL) has enabled seamless integration of operational scale and financial synergies that existed between the two Companies. -Reliance Industries has given the Bonus in the Ratio of 1:1 2010 - Haryana Special Economic Zone (SEZ), Reliance Industries (RIL) has roped in a partner, in a bid to re-energize its dormant. - RIL has bought around 3 mn barrels of spot crude from Brazilian company Petrobras. The delivery is expected in the next two months. The purchase was fuelled by lower freight rates and weaker US crude prices as compared to Europe. Reliance has bought a VLCC of Roncador Heavy and Albacora crudes to be loaded this month, and a Suezmax of October-loading Marlin. - During the year, RIL and BP announced a strategic partnership in the oil and gas business. This partnership comprises BP taking 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the KG-D6 block, and the formation of a joint venture (50:50) for sourcing and marketing gas in India. - The Company entered into partnerships in the United States of America with Atlas Energy, Pioneer Natural Resources and Carrizo Oil & Gas through three distinctive joint venture agreements. - RIL and Russia's SIBUR announced a joint venture for the setting up of a facility for producing 100,000 tonnes of butyl rubber in India. - RIL acquired a 95% stake in Infotel Broadband Services Limited, which emerged as a successful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) spectrum conducted by the Department of Telecommunication, Government of India. RIL has invested Rs. 4,201.64 crore by way of subscription to equity capital issued by Infotel Broadband. 2011 - Reliance Industries (RIL) entered a deal with NTPC and GAIL, ensuring supply of more gas to Andhra Pradesh power projects by the end of April, 2011 - Reliance signed MoU with Gujarat on petroleum education - Reliance-BP deal strengthened productivity at D-6 block - RIL - Reliance Industries and D. E. Shaw Group announced Joint Venture. - Reliance Industries Ltd. awarded Application Level A by GRI for Sustainability Report "New Businesses. New Technologies. New Partnerships. (2011) - RIL - Reliance Industries finds Gas and Condensate Discovery In Cauvery-Palar Region - Reliance partners with Siemens to bring state-of-the-art homeland security solutions to the Indian market - RIL signs $7.2 bn oil & gas deal with BP 2012 - Mukesh Ambani-led Reliance Industries Ltd (RIL) and the state-run oil giant Petroleos de Venezuela, SA (PDVSA) has inked 15 year supply agreements with the company. - Reliance Brands partnered with US based Iconix Brand Group - Reliance Mutual Fund launched a new close ended income scheme named "Reliance Fixed Horizon Fund - XXII - Series 33" with maturity time of 550 days - RIL - Jamnagar SEZ Refinery wins coveted British Safety Council's Globe of Honors - RIL - SIBUR and Reliance form a Joint Venture to produce butyl rubber in India - RIL in deal with Texas-based Fluor Corp - RIL inked MoU with TV18 groups to get access to content for 4G broadband - Reliance Industries Ltd partnered with Himachal Futuristic Communications Ltd to provide 4G network. - RIL signed Cisco to develop core technology framework for 4G services 2013 -RIL signed a US$ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland AG. The loan will be primarily used to finance goods and services procured from German suppliers as part of RIL's petrochemicals expansion projects at Jamnagar, Hazira, Silvassa and Dahej in India. -The Global Reporting Initiative (GRI) awarded A level to RIL's Sustainability Report 2011-12. This is the seventh year in a row RIL has received highest application level on sustainability reporting. RIL is also the first company to adhere to the GRI 3.1 Oil & Gas Sector Supplement, released in February 2012. -RIL and the Venezuelan state oil company, Petroleos de Venezuela, SA (PDVSA) signed a 15 year heavy crude oil supply contract and a Memorandum of Understanding (MoU) with PDVSA to further development of Venezuelan heavy oil fields. PDVSA will supply between 300,000 and 400,000 barrels per day of Venezuelan heavy crude oil to RIL's two refineries in Jamnagar under a 15-year crude oil supply contract. -The Board of Ex-Im Bank voted to extend the single largest financing transaction of US$ 2.1 to RIL. This includes direct loan and to guarantee a US$ 1.06 billion JPMorgan Chase loan to the Company. The loan will be primarily used to finance goods and services procured from exporters and suppliers in the United States as part of Reliance's expansion projects at Jamnagar, Gujarat. -The share buy-back programme which ended in January 2013, RIL bought and extinguished 46,246,280 equity shares of Rs. 10 each. It was 38.54% of the total buy-back offer quantity of 120,000,000 equity shares. The total amount invested in the buy-back was Rs. 3,366 crore and the average price at which the equity shares were bought back was Rs. 726.68 per share. -RIL's SEZ Refinery at Jamnagar won the prestigious 'Globe of Honor Award' for the excellence in Environmental management by the British Safety Council, London. -RIL was awarded the prestigious 'International Refiner of the Year' 2013 at HART Energy's 27th World Refining & Fuel Conference held in USA. The award was presented to Reliance for producing cleaner, higher-quality gasoline and diesel fuel, operating with the highest international refining standards and innovative use of resources in diverse environments and for innovation, global vision, and ability to chart future changes. RIL is the only Asian refiner to have been conferred this award twice. 2014 -Reliance Jio and Bharti signed agreement under which Reliance Jio will utilize dedicated fiber pair on Bharti's i2i submarine cable that connects India and Singapore. The i2i cable system will provide Reliance Jio direct access and ultra-fast connectivity to major hubs across Asia Pacific. -RIL and its partners announced a significant gas and condensate discovery (MJ-1 discovery) in the KG-D6 block off eastern coast of India. -S&P upgraded the long-term corporate credit rating on Reliance to 'BBB ' from 'BBB', one of the highest ratings by S&P for an Indian corporate and the highest rating by S&P for an Indian Oil & Gas company. The new rating is two notches above the rating for the Indian sovereign. -Reliance Jio and Reliance Communications signed agreement for sharing of RCom's nationwide telecom towers infrastructure. -RIL-BP announced a new gas condensate discovery off the east coast of India in the deepwater block CY-DWN-2001/2 (CY-D5) in the Cauvery basin. -Reliance Jio received Unified License for all 22 Service Areas across India and becomes the first telecom operator in the country to get pan India Unified License. -Reliance Jio acquired spectrum in 14 key circles across India in the 1800 MHz band in the spectrum auction conducted by DoT, Government of India. -Reliance Jio and Viom Networks signed agreement for sharing of Viom's nationwide telecom towers infrastructure. -RIL selected for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round -2013. -Reliance Jio and ATC India signed a tower sharing agreement for utilizing telecom tower infrastructure of ATC India across the country. RIL commissioned new PFY plant at Silvassa which is the most automated and one of the most environment-friendly plants globally.  2015 -Reliance Jio announces acquisition of Spectrum in the 800MHz and 1800MHz bands in the auction conducted by Department of Telecommunications, Government of India - Reliance has inked production sharing contracts (PSC) with the Myanmar government's Myanma Oil & Gas Enterprise (MOGE) for two offshore blocks -Reliance Signs Definitive Agreements for the Sale of its Interest in "Midstream Joint Venture in the Eagle Ford" to Enterprise Products Partners for $1.07 Billion". -R Jio inks 4G device distribution deals with LG, Lenovo, Micromax, Intex -Reliance Industries has won the Platts Global Energy Award -Reliance Industries - successful commissioning of new Purified Terephthalic Acid (PTA) plant at Dahej, Gujarat. -Reliance Industries successfully commissions PET resin (Polyethylene Terephthalate) capacity at Dahej, Gujarat. -Reliance Industries, India and Shandong Ruyi Science and Technology Group Co. Ltd, China (`Ruyi') have executed definitive agreements for a joint venture in textiles. - Reliance Industries & the Mexican state owned company, Petroleos Mexicanos (PEMEX) have entered into a Memorandum of Understanding (MOU). -Reliance Industries announced that Independent Media Trust (IMT) of which RIL is the sole beneficiary, has completed the acquisition of control of Network 18 Media and Investments Limited (NW18) including its subsidiary TV18 Broadcast Limited (TV18).  2016 -Reliance Industries arm to invest Rs 1,300 cr in Haryana for electronics hub. -Reliance Industries starts procedure to develop deep sea fields. -Reliance Industries launches 8,100 km long cable system. -Reliance Industries gets green nod for exploratory drilling proj in TN. -Reliance Industries Ltd has informed "Launch of Digital Services by Reliance Jio Infocomm Limited". -Reliance Industires 'Reliance JIO announces acquisition of 269.2 MHz Spectrum in the 800MHz, 1800MHz and 2300 MHz bands in the auction conducted by department of telecommunications, Government of India'.  2017 -The company issues bonus equity shares of the Company in the ratio of 1 (one) bonus equity share of Rs. 10/- each for every 1 (one) existing equity share of Rs.10/- each. -Reliance Commences Commercial Production Of Coal Bed Methane In Sohagpur'. -RIL becomes the second largest producer of Para-xylene (PX) globally'. -Reliance Jio Infocomm Limited, a subsidiary of the Company, titled 'Jio Launches New Submarine Cable System'. -Reliance Industries Wins Prestigious 'Dupont Operational Excellence Award'. -RIL has been adjudged the Global Winner of `The DuPont Operational Excellence Award &ndash. -Reliance Industries Ltd has partnered BP to develop already-discovered deepwater gas fields, bringing new gas production for India. -Company has issued Bonus Shares in the Ratio of 1:1. 2018 - Jio ranks at no. 1 for most innovative companies in India - Reliance Jio announces new Postpaid offering. - RIL arm buys 100% stake in Rhea Retail Pvt. Ltd. - RIL completes acquisition of Embibe.  2019 - Nafed to set up 100 bio-CNG plants via PPP with Rs 5,000-cr investment. -Jio and Microsoft Announce Alliance to Accelerate Digital Transformation in India. - Reliance and BP sanction third phase of integrated KG D6 development. - Reliance Brands Limited Marks Its International Foray With Acquisition Of British Toy Retailer Hamley.  2020 -New Production from Kg D6 Project on Track to Start by Mid-2020. -Jio Partners with Aeromobile to Launch India's First In-Flight Mobile Services. - Reliance Inds. - Acquisition Of Further Shares Of Alok Industries Limited - Reliance Industries completes acquisition of IMG Reliance.-Company issued rights shares of Rs. 10 in the ratio of 1:15 at a premium of Rs. 1247 per share. 2021 -Reliance Industries Rallies its Resources on a War Footing to Become India's Largest Producer of Medical Grade Liquid Oxygen from a Single Location. -Reliance Retail Ventures Limited Announces Acquisition of Controlling Stake in Just Dial Limited for a Total Consideration of Rs 3,497 Crores. -Reliance Retail to Launch 7-Elevenr Convenience Stores in India.  2022 -Reliance Industries signs MoU for investment of Rs 5.95 lakh crore in Green Energy & other projects in Gujarat. -Reliance Retail Ventures Limited Joins Hands with Abraham & Thakore. -Sanmina and Reliance Create Manufacturing Joint Venture in India. -Reliance New Energy Limited acquires assets of Lithium Werks. -Reliance Brands Limited and Abu Jani Sandeep Khosla Partner to Reinforce the Storied Couture House. 

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Parent Organisation

Reliance Industries Ltd.

Founded

08/05/1973

Managing Director

Mr.Mukesh D Ambani

NSE Symbol

RELIANCEEQ

FAQ

The current price of Reliance Industries Ltd is ₹ 1247.90.

The 52-week high for Reliance Industries Ltd is ₹ 1264.15 and the 52-week low is ₹ 1243.85.

The market capitalization of Reliance Industries Ltd is currently ₹ 1688704.81. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Reliance Industries Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Reliance Industries Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Reliance Industries Ltd shares.

The CEO of Reliance Industries Ltd is Mr.Mukesh D Ambani, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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