Reliance Group
InfraCo to offload 45 per cent stake in Reliance’s Jhajjar SEZ
Reliance Industries Ltd has zeroed in on Singapore-based infrastructure firm InfraCo to offload 45 per cent stake in its Jhajjar SEZ. Spread out over 25,000 acres, the Rs 30,000-crore project located in Haryana is majority-owned by RIL, with 10 per cent held by the Haryana State Industrial and Infrastructure Development Corporation.
If the deal goes through, [...]
Reliance joins hands with Deccan 360
Reliance Industries Ltd (RIL), India’s largest private sector company, has invested an undisclosed sum in Deccan 360, the cargo airline venture floated by aviation entrepreneur Captain G R Gopinath. Reliance Industries has made this investment through a wholly owned subsidiary, a company statement said.
RIL’s stake in Deccan 360 is expected to be above 26% but [...]
Reliance to Pay Atlas $1.7 Billion For Marcellus Stake
Indian energy giant Reliance Industries will pay $1.7 billion to form a joint venture at one of the most promising natural gas deposit regions in the U.S. with Atlas Energy, becoming the latest foreign company to invest in shale plays that are expected to be very lucrative.
Reliance, controlled by billionaire Mukesh Ambani, has been working [...]
RIL makes 4 new gas discoveries at KG D6
Mukesh Ambani – led Reliance Industries has informed oil regulator DGH that four smaller gas finds surrounding the D-1 and D-3 fields in the Krishna-Godavari basin can be commercially exploited.
RIL on February 19 informed the oil regulator Directorate General of Hydrocarbons (DGH) that four smaller gas finds, surrounding the D-1 and D-3 fields, which are [...]
Reliance Solar to power the Common Wealth Games
Reliance Solar, the solar energy initiative of Reliance Group, has successfully executed and commissioned India’s first one-megawatt (MW) solar plant to power Thyagaraj stadium to be used in the upcoming Commonwealth Games 2010. The Thyagaraj Sports Complex is a model Green Stadium with world class facilities in India and will host NetBall in the upcoming [...]
RIL considering feasibility study on algae-derived biofuel
Feasibility study of algae as an alternate feed stock for biofuels should be undertaken as a part of meeting challenges for biofuels in India, a top Reliance Technology group official has said. He adds that algae oil can be used to make bio-diesel or other refinery feed stocks.
“Algae seems to be the most promising feed [...]
Reliance spuds fifth KG D3 probe
Mukesh Ambani-controlled Reliance Industries has started drilling its fifth exploration well on the KG-V-D3 block off India. Drilling started on 2 April 2010 using the Transocean’s drillship Deepwater Expedition, partner Hardy Oil said in a statement.
The well aims to test Miocene and Pliocene sands and will be drilled to a target depth of 3514 metres. [...]
RIL: Supply contraints restrict KG-D6 gas output at 63 mmscmd
Mukesh Ambani-led Reliance Industries today said it is producing 63-64 million standard cubic meters per day of gas from KG-D6 fields, over 20 per cent less than the potential due to constraints in pipelines transporting the fuel to consumers.
“We have already tested facilities for producing (peak output of) 80 mmscmd (from eastern offshore KG-D6 fields) [...]
Reliance may not renew Iran crude deal: report
Reliance Industries may not renew a contract to import Iranian crude oil from this financial year, a media report has said.
According to the report, India’s top privately-run refiner did not purchase any Iranian crude in February and March in line with a trend that has seen its purchases from Iran shrink rapidly over the past [...]
Gas production surpasses oil for the first time in 2009-10
Natural gas from Reliance Industries’ prolific D6 field has generated savings worth thousands of crores of rupees for power and fertiliser companies, the main users of the gas.
Commercial production from the field in the Krishna Godavari (K-G) basin started on April 2 last year.
The gas-based power industry is estimated to have saved Rs 6,000 crore [...]
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