Mukesh Ambani
RIL acquires US $400 million loan for ambitious petrochemicals project
Taking one more step towards realizing its global ambitions, Mukesh Ambani-led Reliance Industries Limited (RIL) has cited plans for expanding its Jamnagar facility so as to double its petrochemicals production within the coming years. The Jamnagar phase three expansion project, popularly called as the J-3 mega petrochemicals project, is the latest of the ambitious plans [...]
Dhirubhai Ambani memorial to open to public from Feb 3rd onwards
The Dhirubhai Ambani memorial, instituted in the name of the founder and ex-chairman of Reliance Industries Limited (RIL) Dhirubhai Ambani, will be opened to public from February 3rd onwards. Located in the small town of Chorwad in Junagadh district of Gujarat, the memorial, which was inaugurated by the Ambani clan and members belonging to the [...]
RIL’s Long-term Credit Rating Unaffected : Standard’s & Poor
Standard & Poor (S&P), a US based financial service company recently released a statement remarking that the long term corporate credit rating on Mukesh Ambani-led Reliance Industries Limited (RIL; BBB/Positive/–) has remained unaffected despite the company’s recent plans to buy back its equity shares. If anything, Reliance Industries ambitious plan to buy back its shares [...]
Reliance Industries gears up for its biggest ever share buyout
Mukesh Ambani led Reliance Industries Limited (RIL) is all set to announce one of its biggest every share buyout programs, which could possibly become one of the biggest such programs in the Indian corporate history. This move to buy back shares comes at a time when RIL is looking to boost its share price which [...]
Reliance Industries paving way to build strong homeland security solutions
Mukesh Ambani led Reliance Industries Limited (RIL) is making headway in its efforts towards building strong homeland security solutions in India. The energy-to-retail conglomerate is presently in talks with major American defense contractor – Raytheon – to form a joint venture which will look at opportunities for developing homeland security solutions in India and abroad. [...]
Reliance family unveils Dhirubhai Ambani memorial on his birth anniversary
December 28th is an important date for Reliance as it is for India Inc. It marks the birth of one of India’s greatest business leaders, visionaries, opportunist and an entrepreneur – Dhirubhai Hirachand Ambani. In fact, this data is very lucky for India from an economic point-of-view as 2 of the country’s greatest industry leaders [...]
RIL likely to receive approval for $1.5 billion investment in KG basin
The energy rich Krishna-Godavari basin, controlled and developed by Mukesh Ambani led Reliance Industries Limited (RIL), may receive a fresh set of investment following a likely approval from the government for further development of the acreage.
Reliance Industries officials had submitted a proposal to the KG-D6 oversight committee which cited development of four additional satellite fields [...]
RIL and Major Indian Oil Refiners Boost Nation’s Oil Processing
Oil refiners in India have increased nation’s crude processing output in November, for the tenth month this year. The rally in boosting oil refining in India was led by Mukesh Ambani owned Reliance Industries Limited (RIL) and Bharat Petroleum Corp. (BPCL).
A statement from the Oil Ministry stated that refiners have converted 14.4 million metric tons [...]
Leading Industrialists Attend PM Meet to Discuss Economic Growth
Yesterday, the Prime Minister’s Council on Trade and Industry met to discuss important issues with regards to India’s economy and industrial outputs. Prime Minister Manmohan Singh, the Chairman of the Council presided the meeting.
The key issues brought up in the crucial meeting included nation’s economic slowdown, shrinking industrial outputs and high interest rates. The meeting [...]
Reliance Autozone launches store in Malakpet, Hyderabad
Having launched a store previously in Hyderabad, Reliance Autozone has launched a second outlet in the old suburban district of Malakpet, Hyderbad. Spread over 3,000 sq ft, the latest Reliance Autozone store is located in Saleem Nagar Colony, Moosarambhag (near MalakpetGunj) and offers global standard auto retailing services.
Reliance Autozone – an auto retailing subsidiary under [...]
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