Edition:
India

Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

919.30INR
18 Jan 2018
Change (% chg)

Rs-5.35 (-0.58%)
Prev Close
Rs924.65
Open
Rs930.00
Day's High
Rs930.00
Day's Low
Rs911.00
Volume
354,147
Avg. Vol
534,955
52-wk High
Rs959.00
52-wk Low
Rs507.02

Latest Key Developments (Source: Significant Developments)

Reliance Communications ‍Signs Deal With Reliance Jio Infocomm
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Reliance Communications Ltd ::‍SIGNS BINDING DEFINITIVE AGREEMENTS WITH RELIANCE JIO INFOCOMM LIMITED FOR SALE OF VALUABLE WIRELESS SPECTRUM, TOWERS, FIBER AND MCNS​.EXPECTS TRANSACTIONS TO CLOSE IN A PHASED MANNER BETWEEN JANUARY AND MARCH 2018.DEAL CONSIDERATION COMPRISES OF CASH PAYMENT & INCLUDES TRANSFER OF DEFERRED SPECTRUM INSTALMENTS PAYABLE TO DEPARTMENT OF TELECOMMUNICATION‍​.WILL UTILISE PROCEEDS OF MONETISATION OF CASH DEAL SOLELY FOR PRE-PAYMENT OF DEBT TO ITS LENDERS.  Full Article

India's Mukesh Ambani Considers IPO Of Jio Wireless Carrier- Bloomberg,Citing Sources
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - :INDIA'S MUKESH AMBANI CONSIDERS IPO OF JIO WIRELESS CARRIER- BLOOMBERG,CITING SOURCES.RELIANCE INDUSTRIES IS HOLDING INTERNAL DISCUSSIONS ABOUT PREPARING TO LIST JIO AS SOON AS LATE 2018 OR EARLY 2019- BLOOMBERG,CITING SOURCES.  Full Article

Reliance Industries Buys Stake In Dreketi S.A. In Uruguay
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Reliance Industries Ltd ::SAYS BOUGHT STAKE IN DREKETI S.A. IN URUGUAY.SAYS DREKETI HAS BECOME WHOLLY-OWNED UNIT OF CO.  Full Article

Reliance Industries ‍closes sale of assets in Marcellus shale play of north-eastern and central Pennsylvania​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Reliance Industries Ltd ::Closes sale of its assets in Marcellus shale play of north-eastern and central Pennsylvania​.Contingent amount of up to $11.25 million may be paid to co between 2018-2020 based on certain gas price thresholds being achieved.  Full Article

McDermott receives letter of award for KG-D6 subsea installation contract from Reliance Industries
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Mcdermott International Inc :Mcdermott-Letter of award for contract from reliance industries for KG-D6 subsea field development in Krishna Godavari Basin, off east coast of India​.Mcdermott International Inc - ‍ contract award is expected to be reflected in Mcdermott's Q4 2017 backlog​.Mcdermott International Inc - ‍contract is scheduled for completion by Q2 of 2020 for base scope, and Q1 of 2021 for optional scope​.  Full Article

Salasar Techno Engineering gets order worth ‍1.12 bln rupees from Reliance Jio
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Salasar Techno Engineering Ltd ::Gets ‍order from Reliance Jio worth 1.12 billion rupees.Says order to supply 1,715 telecom towers to Reliance Jio‍​.Says order to be executed by March 2018.  Full Article

RCom says 4G strategy to be executed via spectrum sharing, intracircle roaming with Jio
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Reliance Communications Ltd :Says ‍decided to adopt 4G-focussed strategy for profitable growth of its wireless business​.Co will be optimizing its 2G and 3G footprint, related infrastructure and human resources, w.e.f Nov 30.Reliance communications says 4G strategy to be executed through spectrum sharing and intracircle roaming with Reliance Jio.  Full Article

Reliance Industries sees Jio capex to be about 70 bln rupees/qtr over next few qtrs
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Reliance Industries Ltd :Reliance Industries exec says Reliance Jio net debt at 490 bln rupees‍​.Reliance Industries exec says started manufacturing Jio phones in India‍​.Reliance Industries exec says capex for Jio will be around 70 billion rupees per quarter over next few qtrs.Reliance Industries exec says Jio's equity is currently 900 billion rupees.  Full Article

Reliance Jio Infocomm posts Q2 loss of 2.71 bln rupees
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Reliance Jio Infocomm::Sept quarter Reliance Jio net loss 2.71 billion rupees versus loss 39 million rupees.Sept quarter Reliance Jio revenue from operations 61.47 billion rupees.Reliance Jio subscriber base 138.6 million as of Sept 30.Sept quarter Reliance Jio ARPU INR 156.4/sub per month.Sept quarter Reliance Jio net subscriber addition of 15.3 million.  Full Article

Reliance Industries Sept qtr gross refining margin of $12 per bbl
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Reliance Industries Ltd :Says gross refining margin (GRM) of $12.0/bbl for sept quarter‍​.8 wells in d1-d3, 3 wells in MA under production at KG-D6 block; efforts to sustain well life to maximize recovery underway‍​.Outstanding debt as on sept 30, 2017 was 2.14 trln rupees.Cash & cash equivalents as on 30th september 2017 were at 770.14 billion rupees compared to 772.26 billion rupees as on 31st march 2017.‍​.Reliance has started operations of new ROGC cracker, MEG and LLDPE plants at Jamnagar; currently, plants are under stabilization.Awards for long-leads have commenced for R-cluster; bid evaluation, negotiations for other contracts are in advanced stages.  Full Article