Reliance Industries, India`s most valuable company, is eyeing overseas acquisitions, aggressive
exploration campaign and investments in petrochemicals to
drive growth, Chairman Mukesh Ambani said on Tuesday.
Five Indian companies are among the top 15 Asian energy companies, racing past China which had three companies in the list, according to Platts, a global provider of energy and commodities information.
Industrialist Mukesh Ambani on Tuesday said capital markets now appreciate companies that create real value rather than those that make believe, and likewise performance more than promises help companies raise funds.
Reliance Industries helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion.
Mukesh Ambani group firm RIL
on Friday told the Supreme Court that its directors have filed the
affidavits in the gas row to counter Anil Ambani`s contention
that the family MoU was approved by the RIL Board.
Reliance Industries Ltd (RIL) Wednesday sought to impress upon the Supreme Court that the family pact between the promoter brothers -- Mukesh and Anil Ambani -- brokered by their mother Kokilaben, was not binding on the company.
Reliance Industries told the Supreme Court Tuesday that it was a mere contractor appointed by the government to explore and harness natural gas from the Krishna-Godavari basin and the state remained the real owner.
Shares of Reliance Industries Tuesday surged nearly four per cent on the Bombay Stock Exchange in the early morning trade, amid the company making its first oil discovery at the exploration block in the Cambay basin in Gujarat.
Reliance Industries` eastern offshore KG D-6 field`s gas production will double to around 90 million standard cubic meters per day by next fiscal, government`s background material for the Economic Editor`s Conference said.
Reliance Industries (RIL) and Reliance Natural Resources (RNRL) on Tuesday joined hands to oppose the plea of a shareholder in both the companies to be made party in their ongoing dispute in the Supreme Court.
Mukesh Ambani Group firm RIL on Thursday faced some searching questions from the Supreme Court for its demand to raise the gas supply price to Anil Ambani`s RNRL asking how will it serve the public interest.