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RIL inks pact for US ethane to feed Jamnagar cracker unit

RIL inks pact for US ethane to feed Jamnagar cracker unit

Last Updated: Wednesday, August 20, 2014, 21:03

Reliance Industries Wednesday said it has entered into agreements to long haul US-produced ethane to feed its cracker at the Jamnagar refining and petrochemical complex in Gujarat.

Govt plans to stop RIL from selling crude to Jamnagar refinery

Last Updated: Wednesday, August 20, 2014, 15:56

Jamnagar refinery of RIL won the tender as CPCL offered a pricing formula that was about USD 4-5 per barrel less than the formula quoted by the private sector refiner.

Setback to OilMin: GAIL, CPCL refuse to comply with KG-D6 order

Last Updated: Tuesday, August 19, 2014, 16:26

GAIL and CPCL have expressed their inability to deduct USD 115 million from the amount due to Reliance Industries.

Gas pricing case: ACB does not have power to probe, Delhi HC told

Last Updated: Tuesday, August 19, 2014, 14:24

The power of Delhi government's Anti Corruption Branch (ACB) to probe graft allegations against former UPA ministers and others in relation to alleged irregularities in raising price of gas from RIL's KG6 basin has been taken away by a recent notification of the Centre, the Delhi High Court was Tuesday told.

OilMin rebukes ONGC for making "frivolous allegations"

Last Updated: Monday, August 18, 2014, 19:41

ONGC had on May 15 filed a petition in the Delhi High Court alleging that RIL may have drawn natural gas worth thousands of crores of rupees from its fields that sit next to Mukesh Ambani-run firm's KG-D6 block Krishna Godavari basin.

Reliance Industries counters, as Sebi slaps fine

Last Updated: Saturday, August 09, 2014, 11:12

RIL countered, saying: "The issue relates to the method of calculation of diluted EPS under the accounting standards. The issue is not of non-disclosure."

Sebi fines RIL Rs 13 crore for non-disclosure of earnings ratio

Last Updated: Friday, August 08, 2014, 17:55

In one of its biggest penalties for non-disclosure of a key earnings ratio, Sebi on Friday imposed a penalty of Rs 13 crore on corporate behemoth Reliance Industries Ltd (RIL) for violation of the Listing Agreement.

RIL marked all correspondence with Oil Min, DGH

Last Updated: Thursday, August 07, 2014, 18:49

Reliance Industries had marked all copies of its correspondence with the Supreme Court-appointed Tribunal on KG-D6 cost recovery issue to the Oil Ministry and its technical arm DGH.

Oil Ministry wants RIL to sell gas at $4.2; $6-6.5 price for others

Last Updated: Sunday, August 03, 2014, 11:31

The new rates were to apply for gas from currently producing MA field in the same KG-D6 block as the government had accepted geological reasons forwarded by RIL for its output lagging targets.

Petroleum ministry mulling lower gas price

Last Updated: Saturday, August 02, 2014, 23:04

The petroleum ministry is considering a new price for domestic gas that would be lower than the USD8.4 per unit reached by the formula suggested by the C. Rangarajan panel constituted by the earlier UPA government.

Oil Min proposes gas price of $6-6.5 per unit, RIL may be denied new price

Last Updated: Saturday, August 02, 2014, 10:24

More than a month after it deferred a decision on raising natural gas prices, the Government on Friday said it has not taken a final decision on the issue yet.

KG basin dispute: Fresh plea for appointment of arbitrator

Last Updated: Friday, July 25, 2014, 22:02

A fresh plea was today made in the Supreme Court for appointment of a third arbitrator to resolve the dispute between the Centre and Mukesh Ambani-led Reliance Industries Ltd (RIL) on KG basin in the wake of an Australian judge recusing himself.