ONGC
RIL emerges as most profitable company
Reliance, Reliance Industries, Mukesh Ambani, RIL
Mukesh Ambani led, Reliance Industries (RIL) — India’s largest company by turnover and exports — is also set to become the country’s single-largest profitable company in FY10, thanks to its second refinery at Jamnagar and KG basin gas, when it publishes its results on Friday. On a consolidated basis, however, [...]
Gas sales to lift Reliance results, M&A key
India’s leading listed conglomerate, controlled by billionaire Mukesh Ambani, has been scouting for acquisitions overseas, and progress on that front will determine its outlook. Reliance, valued at $78 billion, recently said it would pay $1.7 billion to form a joint venture at one of the most promising natural gas deposit regions in the United States [...]
Reliance Industries in demand
State-owned Oil and Natural Gas Corp (ONGC) may have won a large oil block in Venezuela but the Petroleum Ministry wants Reliance Industries to join the project to give stability to the venture.
ONGC Videsh Ltd, the overseas investment arm of the state-run explorer, and Reliance had in 2008 teamed up to bid for the Venezuela’s [...]
Reliance and ONGC get better prices on Naptha
Mukesh Ambani’s Reliance Industries & Oil & Natural Gas Corp (ONGC) have sold a total 85,000-90,000 tonnes of naphtha at stronger premiums, supported by tight supplies on a lack of arbitrage cargoes, traders said on Monday.
Privately run Reliance Industries sold a 50,000-55,000-tonne parcel for late March loading to Vitol at a premium of around $27.00 [...]
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