Edition:
India

Reliance Industries Ltd (RELI.NS)

RELI.NS on National Stock Exchange of India

1,464.40INR
29 May 2020
Change (% chg)

Rs-7.85 (-0.53%)
Prev Close
Rs1,472.25
Open
Rs1,468.00
Day's High
Rs1,472.00
Day's Low
Rs1,452.65
Volume
18,471,770
Avg. Vol
19,169,789
52-wk High
Rs1,602.30
52-wk Low
Rs867.40

Latest Key Developments (Source: Significant Developments)

General Atlantic Is Said To Be In Talks For Reliance Jio Stake -Bloomberg News
Saturday, 9 May 2020 

May 8 (Reuters) - :GENERAL ATLANTIC IS SAID TO BE IN TALKS FOR RELIANCE JIO STAKE -BLOOMBERG NEWS.GENERAL ATLANTIC IS CONSIDERING INVESTING ABOUT $850 MILLION TO $950 MILLION IN JIO -BLOOMBERG NEWS.  Full Article

Fitch Says Facebook Deal To Help Reliance Monetise Platforms, Deleverage
Thursday, 23 Apr 2020 

April 22 (Reuters) - :FITCH SAYS FACEBOOK DEAL TO HELP RELIANCE MONETISE PLATFORMS, DELEVERAGE.FITCH SAYS EXPECTS RIL'S OIL-TO-CHEMICAL SEGMENT TO FACE VOLUME AND MARGINS HEADWINDS DUE TO IMPACT OF COVID-19 PANDEMIC.FITCH SAYS DEAL WILL ALLOW FACEBOOK, JIO TO MONETISE DIGITAL PLATFORMS; FACEBOOK LIKELY TO BE ABLE TO EXPAND IPLATFORMS.FITCH SAYS EXPECT THE PARTNERSHIP WITH FACEBOOK TO BOLSTER RIL'S CONSUMER BUSINESS IN MEDIUM TERM.  Full Article

Reliance Industries Exec Says Aramco Deal Making Progress
Friday, 17 Jan 2020 

Jan 17 (Reuters) - Reliance Industries Ltd Joint CFO V Srikanth::SAYS FOCUSING ON MAXIMISING DOMESTIC SALES TO TACKLE GLOBAL WEAKNESS.SAYS EXPECTS FIRST GAS OUTPUT FROM R CLUSTER IN KG-BASIN BY MID 2020.SAYS SOME BENEFITS OF NEW MARINE REGULATIONS ON DIESEL WILL REFLECT IN COMING QTRS.SAYS IT WILL TAKE 12-18 MONTHS FOR PETROCHEMICALS PRICES TO IMPROVE.SAYS SAUDI ARAMCO DEAL IS MAKING GOOD PROGRESS, WE ARE HAVING INTENSIVE DISCUSSIONS.SAYS SIGNING OF DEFINITIVE AGREEMENT WITH ARAMCO WILL TAKE A FEW MONTHS.HOPES REFINING AND PETCHEM MARGINS TO IMPROVE IN 2020.SAYS INDIAN PETCHEM, TRANSPORT FUEL DEMAND TO RECOVER IN 2020.HAVE CLOSE TO A MILLION CUSTOMERS IN BROADBAND BUSINESS.RELIANCE INDUSTRIES EXEC SAYS PETCOKE GASSIFIERS WILL START CONTRIBUTING TO REVENUE FROM FIRST QUARTER OF NEXT FISCAL.  Full Article

Reliance Industries Dec-Quarter Avg GRM $9.2 Per Barrel
Friday, 17 Jan 2020 

Jan 17 (Reuters) - Reliance Industries Ltd ::DEC-QUARTER AVERAGE GROSS REFINING MARGIN WAS $9.2 PER BARREL.OUTSTANDING DEBT AS ON 31 ST DECEMBER, 2019 WAS 3.07 TRLN RUPEES VERSUS 2.88 TRLN RUPEES AS ON 31ST MARCH, 2019.SAYS DOMESTIC OIL DEMAND GREW BY 3.2% IN 3Q FY20.CASH AND CASH EQUIVALENTS AS ON 31 ST DECEMBER, 2019 WERE 1.54 TRLN RUPEES VERSUS 1.33 TRLN RUPEES AS ON 31ST MARCH.RIL JAMNAGAR REFINERY THROUGHPUT FOR Q3 FY20 STOOD AT 18.1 MMT.  Full Article

India's Reliance Industries Posts Rise In Dec Qtr Consol Net Profit
Friday, 17 Jan 2020 

Jan 17 (Reuters) - Reliance Industries Ltd ::DEC-QUARTER CONSOL NET PROFIT 116.40 BILLION RUPEES VERSUS PROFIT OF 102.51 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR DEC QUARTER CONSOL PROFIT WAS 114.32 BILLION RUPEES -- REFINITIV DATA.DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.57 TRLN RUPEES VERSUS 1.61 TRLN RUPEES YEAR AGO.DEC-QUARTER STANDALONE PROFIT 95.85 BILLION RUPEES VERSUS PROFIT OF 89.28 BILLION RUPEES YEAR AGO.DEC-QUARTER STANDALONE REVENUE FROM OPERATIONS 901.52 BILLION RUPEES VERSUS 1.04 TRLN RUPEES YEAR AGO.  Full Article

Reliance Industries Exec Says Currently In Extensive Discussions To Sell Fibre Too
Friday, 19 Jul 2019 

July 19 (Reuters) - Reliance Industries Ltd Exec ::RELIANCE INDUSTRIES LTD EXEC SAYS IN EXTENSIVE DISCUSSIONS TO SELL FIBRE ALSO CURRENTLY.  Full Article

Reliance Industries Exec Says After Tower Deal, Jio Debt Down To 750 Bln Rupees
Friday, 19 Jul 2019 

July 19 (Reuters) - Reliance Industries Ltd Exec ::RELIANCE INDUSTRIES LTD EXEC SAYS 120 BILLION RUPEES OF DUES THAT TOWER COMPANY OWED RIL WILL BE PAID BACK AFTER BROOKFIELD DEAL.RELIANCE INDUSTRIES LTD EXEC SAYS AFTER TOWER DEAL, JIO DEBT DOWN TO 750 BILLION RUPEES.RELIANCE INDUSTRIES LTD EXEC SAYS LOT OF DATA GROWTH EXPECTED TO COME FROM RURAL AREAS.  Full Article

Reliance Industries Says GRM FOR Q1 FY20 AT $8.1/BBL
Friday, 19 Jul 2019 

July 19 (Reuters) - Reliance Industries Ltd ::OUTSTANDING DEBT AS ON 30TH JUNE, 2019 WAS 2.88 TRLN RUPEES VERSUS 2.88 TRLN RUPEES AS ON 31ST MARCH, 2019.CASH, CASH EQUIVALENTS, MARKETABLE SECURITIES AS ON JUNE 30 1.32 TRLN RUPEES VERSUS 1.33 TRLN RUPEES AS ON 31ST MARCH, 2019.RELIANCE INDUSTRIES SAYS ONGOING BETA TRIALS OF JIOGIGAFIBER SERVICES IS IN FINAL STAGES, AND EARLY SIGNS HAVE BEEN VERY ENCOURAGING.SAYS GRM FOR 1Q FY20 AT $ 8.1/BBL.PRODUCTION SHARING CONTRACT OF PANNA-MUKTA FIELD EXPIRES ON 21 DEC 2019; FIELD WILL BE HANDED OVER TO ONGC.  Full Article

Reliance Jio Infocomm June Qtr Net Profit Rises
Friday, 19 Jul 2019 

July 19 (Reuters) - Reliance Jio Infocomm : :JUNE QUARTER RELIANCE JIO NET PROFIT 8.91 BILLION RUPEES VERSUS PROFIT OF 6.12 BILLION RUPEES LAST YEAR.JUNE QUARTER RELIANCE JIO REVENUE FROM OPERATIONS 116.79 BILLION RUPEES VERSUS 81.09 BILLION RUPEES LAST YEAR.JUNE QUARTER RELIANCE JIO ARPU 122 RUPEES/SUB PER MONTH.RELIANCE JIO SUBSCRIBER BASE 331.3 MILLION AS ON JUNE 30, 2019.JUNE QUARTER RELIANCE JIO NET SUBSCRIBER ADDITION OF 24.5 MILLION.MONTHLY CHURN RATE AT 0.97% PER MONTH.  Full Article

India's Reliance Industries June-Qtr Consol Net Profit Rises 6.8%
Friday, 19 Jul 2019 

July 19 (Reuters) - Reliance Industries Ltd ::JUNE QUARTER CONSOL NET PROFIT 101.04 BILLION RUPEES VERSUS PROFIT OF 94.59 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER CONSOL PROFIT WAS 96.96 BILLION RUPEES.JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 1.61 TRLN RUPEES VERSUS 1.33 TRLN RUPEES LAST YEAR.JUNE QUARTER PROFIT 90.36 BILLION RUPEES VERSUS PROFIT OF 88.20 BILLION RUPEES LAST YEAR.JUNE QUARTER REVENUE FROM OPERATIONS 926.36 BILLION RUPEES VERSUS 954.72 BILLION RUPEES LAST YEAR.  Full Article

CORRECTED-BUZZ-India's Vodafone Idea says 'no proposal' on stake sale being considered, trims gains

** Shares of Vodafone Idea halve gains after the company says its board is not considering any proposal at the moment, in response to a report that said Alphabet Inc's Google was eyeing a stake in the telecom firm