Mukesh Ambani group firm RIL on Wednesday told the Supreme Court that the Gas Supply Master Agreement (GSMA) could be a suitable arrangement to resolve its dispute on supply of gas with Anil Ambani-promoted RNRL.
Rejecting comments that it followed "aggressive" accounting policies, Reliance Industries on Tuesday said it followed all applicable standards while capturing the dynamics of operating business environment.
Reliance Industries has warned of
irreversible damage to the KG-basin reservoir saying the failure of the govt to name additional
customers has led to natural gas flow from KG-D6 fields being
Ahead of the meeting of the Empowered Group of Ministers on utilisation of gas produced by Reliance Industries, group firms of Ambani brothers today joined issues on levy of marketing margin on sale of the industrial fuel.
Reliance Industries added more than 1,500 engineers to its payroll but its total head-count dipped by over 800 employees during fiscal 2008-09, a period marked with massive job losses in India and across the world.
Anil Ambani group`s mutual fund house trusts Reliance Industries to be of great investment value, but the Mukesh Ambani-led firm appears to have no interest in the largest fund house Reliance Mutual Fund.
Country`s largest private sector firm Reliance Industries on Friday tanked more than 4% after its partner UK-based Hardy Oil and Gas Plc said it plans
to abandon work on an exploratory well in the Krishna Godavari basin block.
An Empowered Group of Ministers
headed by Finance Minister Pranab Mukerjee will meet shortly
to decide on allocation of natural gas produced by Reliance
Industries to users in power, petrochemical and refinery
RIL on Thursday told
the SC it had vehemently protested against the
government taking away its freedom to market gas, whereas Anil
Ambani group had sought regulation of fuel sale through a gas
utilisation policy in 2007.
Reliance Industries, on Wednesday said it is paying over USD nine for buying liquefied natural gas from spot market as the government has not allowed use of fuel pumped by it for captive use, a company official said.
Just days after petrochemical giant Reliance Industries declared a surprise bonus issue, state-run refiner Indian Oil Corporation today said it will give one free share for every scrip held by its shareholders.
The country`s most valued company, Reliance Industries, has been named among the top 25 global champions for 2009 which managed to outperform the competition in midst of meltdown in the financial markets.
It was possibly the Reliance effect that fired up stock markets last week, helping the top 10 listed companies post a net gain of Rs 55,000 crore, with more than a third of the addition coming from banking leader SBI.