RIL

Gas row: GSMA suitable solution: RIL tells SC

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.

RIL rejects Kotak`s charge of `aggressive` accounting

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.

Two-third of extra RIL gas for power units

The govt on Tuesday allocated two-third of additional gas from RIL`s KG fields to power plants.

`Name customers to check KG-basin reservoir damage`

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
artificially restricted.

RIL debunks R-Infra `illegal` marketing margin charge

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.

RIL hires over 1,500 engineers; head-count dips by 808

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 group`s trust in Mukesh`s RIL goes unrequited?

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.

RIL to drill more wells despite failure in KG-D6

Reliance Industries on Friday
said it will drill three more wells in the Krishna Godavari
basin bloack where the first exploratory well was abandoned
owing to poor gas find.

RIL tanks 4% as partner abandons exploratory well

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.

RIL plans to bring in strategic associate in Haryana SEZ

Mukesh Ambani-led Reliance Industries is planning to bring in a strategic business partner in its Haryana SEZ project to maximise investment potential in the joint venture unit.

RIL, RNRL asks Judge to continue hearing on gas dispute

RIL and Anil
Ambani group firm RNRL on Thursday urged Justice R V Raveendran to
ignore news reports on his presence on the Bench despite
having shares of the two warring companies.

EGoM to consider allocation of gas to power, refinery firms

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
sectors.

RIL had opposed govt role in gas sale: Counsel to SC

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.

Will RIL earn profit by selling gas at USD 2.34? : SC

SC has asked RIL if it would make profit from selling gas at a price committed to power PSU NTPC, although it is lower than govt-approved price.

RIL paying $9 for buying spot LNG

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.

After RIL, IOC to dole out 1:1 bonus for shareholders

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.

`RIL not part of Ambani family MoU`

RIL contended the family MoU was a pact between Ambanis and Anil should sue Mukesh if he feels aggrieved.

EGoM to find new users for RIL gas

With RIL restricting gas output, the govt on Tuesday formed a ministerial panel to allocate gas to new users.

RIL among top 25 Global Champions for 2009

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.

RIL bonus; SBI`s gain push 10 wealthiest cos kitty by Rs 55k cr

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.