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BUZZ-India's Reliance Industries gains; commissions paraxylene plant
April 21, 2017 / 5:28 AM / 8 months ago

BUZZ-India's Reliance Industries gains; commissions paraxylene plant

** Reliance Industries Ltd rises as much as 3.2 pct; top pct gainer on NSE index

** Company commissions second and final phase of its project to produce paraxylene (PX) at Jamnagar in western Indian state of Gujarat bit.ly/2pXFDVA

** Says with commissioning of the plant, Reliance’s capacity for PX, a hydrocarbon, will more than double

** Reliance’s Jamnagar projects are highly profitable for its core business, says Rohit Ahuja of Religare Capital Markets

** Stock has risen about 27 pct this year up to Thursday’s close

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