Reliance Industries Ltd., owner of the world’s largest refining complex, plans to acquire the remaining shares of unit Reliance Petroleum Ltd., after the stock dropped 54 percent in the past year.
Directors will consider the plan on March 2, Mumbai-based Reliance Industries said in a statement to the Bombay Stock Exchange today. Reliance Industries holds a 70 percent stake in Reliance Petroleum, according to data compiled by Bloomberg.
Reliance Industries Limited has generously created the Reliance Dhirubhai Fellowhip to support Indian nationals living in India with financial need in obtaining an MBA at Stanford.
India’s benchmark stock index rose, led by Reliance Industries Ltd. after it said it will give investors a free share for each held for the first time in 12 years.
Reliance Industries Ltd. (500325.BY), India's biggest company by market value, Friday posted a drop in net profit for the third straight quarter as refining margins plunged on lower global crude prices and as its depreciation costs climbed.
Reliance Industries on Tuesday said it has made a third successive gas discovery in the D3 deep-sea block in the Krishna-Godavari RIL basin, off the east coast.
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India's Reliance Industries Ltd (RELI.BO) is importing liquefied natural gas at about $9 per million metric British Thermal Unit, to power its refinery in west India, executive director PMS Prasad told reporters outside the country's top court.
The Supreme Court Thursday asked Reliance Industries if the gas utilisation policy had indeed been notified by the government and if the same was in the nature of an industrial policy. And the answer was 'no'.
