Reliance Industries takes a Deep Water Drill Ship for lease.
News story from Economictimes
Reliance Industries has leased a brand new ultra-deepwater drillship to boost its eastern offshore exploration
campaign.
“The new-build ultra-deepwater drillship Dhirubhai Deepwater KG2… commenced operations for RIL in India under a five-year drilling contract,” Transocean Ltd, which built the rig, said in a statement.
RIL had [...]
Reliance Infratel had seen its earlier attempts to launch an IPO fail due to adverse market conditions. The company has again filed its Draft Prospectus with SEBI to launch IPO in Next Quarter. 10% stake will be divested and Reliance Communication will continue to hold 85% stake in the Telecom Infrastructure Arm.
Reliance Infratel [...]
ONGC, the country’s largest state-owned oil company, and Hungarian oil major MOL are production opportunities in third countries.“We are exploring the option to expand ONGC’s relationship with MOL for pursuing overseas opportunities,” an ONGC official involved in talks with MOL told ET. If talks fructify, the two companies could consider joint bids for a few [...]
Reliance diary will start selling Milk branded as Life in non reliance retail shops .
Nestle , amul will be facing a big competition now .
Reliance Dairy Foods, a subsidiary of Reliance Retail, is muscling into the country’s branded milk product market with a new brand that will take on established players such as Amul, Mother [...]
Reliance Foundation belonging to Mukesh Ambani group plans to start an University either in Delhi or Mumbai.
Reliance is identifying land for starting the construction of University.
Company plans to make it a World class college.
The university will initially offer undergraduate courses. It will later offer postgraduate and doctoral courses.
Reliance industries finds 3rd gas in Krishna Godavari region. Holds 90% interest in this field
Reliance to gain by Lyondel Basell
If Reliance can close the acquisition at around $12 bn then this will be an attractive proposition: Neil Beveridge
The proposed acquisition of LyondellBasell by Reliance, if it goes through, will be a winning bet for RIL as the company has enough cash reserves to fund the deal, which in turn will further boost its core businesses, say experts.
Shares of RIL [...]
India’s Reliance Industries is offering about $12 billion to buy a controlling interest in bankrupt chemical company LyondellBasell Industries to create one of the largest petrochemical firm in the world, two sources with direct knowledge of the deal said.
On Saturday Lyondell Basell [...]
Reliance plans aggressive exploration: Mukesh Ambani
Energy major Reliance Industries plans an aggressive exploration campaign, investments in petrochemicals and overseas acquisitions as India’s top company prepares itself for the next phase of growth.
The company will work towards attaining global scale for its conventional [...]
Reliance Industries is starting a subsidiary for Diamond mining.
RIL has issued a Press Release for starting Diamond Mining in MP.
Reliance Industries has won a licence for diamond mining in Madhya Pradesh and will invest Rs [...]
Aircel and Reliance Communications in tower sharing deal.
Reliance Communications’ tower business Reliance Infratel is likely to enter into an end-to-end telecom infrastructure agreement with
Aircel for towers, voice carriage and bulk bandwidth worth about USD 300 million.
According to sources, Aircel and Reliance Communications are close to entering into telecom infrastructure sharing agreement, estimated to be worth [...]
RNRL (Reliance Natural Resources Ltd ) has won over RIL in Gas Dispute case. Bombay High Court today has ruled that RNRL eill get assured Gas supply of 28 mmscmd from RIL for 17 years at 2.34$.
Gas Supply from Krishna-godavari is to be used for Dadri Power Plant at UP. GSMA came into existence [...]
Reliance Industries announced the signing of gas sales agreements with nine power firms to supply 11 million metric standard cubic meters per day of gas, according to reports.
RIL will sell gas at the government-approved well-head price of $4.2 per million metric British [...]
At that time the idea or the information which we have been gathering that Reliance Group is trying to make this company as a full-fledged gas carrier because the Krishna Godavari (KG) Gas basin production has started.
This is a closely held company, [...]