Reliance Industries Limited
Mukesh Ambani: Creating Opportunities, Not Placebos
India’s top corporate leader, Mukesh Ambani, who heads the country’s most valued firm, RIL, feels that the nation should go beyond mere lip service on financial inclusion and create millions of jobs for growth. Mukesh Ambani was awarded the NDTV Profit business leadership award which was presented to him by Finance Minister Pranab Mukherjee.
“Inclusion and [...]
Fourth Gas Discovery by Reliance Industries
Reliance Industries has notched a fourth successive gas discovery in the KG-DWN-2003/1 (D3) exploration block in India’s Krishna Godavari basin off eastern India.
According to partner Hardy Oil & Gas, well KGV-D3-W1 was drilled to a measured TD of 3,501 m (11,486 ft) at a water depth of 1,653 m (5,423 ft). It encountered a gross [...]
RIL HELPS INDIA BECOME EXPORT KING
India has surpassed South Korea to become the largest petroleum products exporter in Asia. With the commissioning of a new refinery by Reliance Industries at Jamnagar and Essar Oil increasing refinery output at Vadinar, India overtook South Korea by mid-2009 and has since then consistently maintained the lead position.
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Mukesh Dhirubhai Ambani on World Economic Forum Board
Mukesh Dhirubhai Ambani, Chairman and Managing Director, Reliance Industries has been elected on board by the Foundation Board of the World Economic Forum.
Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, said, “We are honoured to have three distinguished new members of the Foundation Board. Mukesh Ambani will bring an extraordinary level of [...]
Mukesh Ambani – DE Shaw JV
The Mukesh Dhirubhai Ambani Group is close to signing a 50:50 joint venture with global private equity and hedge fund company DE Shaw to enter the financial services sector. After its recent entry into the telecom sector, energy giant Reliance Industries, controlled by billionaire Mukesh Ambani, might very soon sign a pact with global hedge [...]
Reliance plans to restart fuel stations
Reliance Industries plans to reopen all of its fuel stations in the country and is currently selling petrol and diesel at the same rates as state firms, a company statement said on Wednesday. Reliance, which operates the world’s biggest refining complex at Jamnagar in Gujarat, shut down its petrol pumps in 2008 as crude prices [...]
CAG completes RIL gas field cost audit; report to take time
NEW DELHI: Government auditor CAG said it has completed auditing the expenditure that Reliance Industries incurred in developing Krishna Godavari basin gas field D6, which was at the centre of an inflated billing controversy.
“The audit is complete at CAG end. We are currently in the final compilation stage after which the report will be [...]
Reliance Industries Enters into a JV with Carrizo Oil & Gas
Reliance Industries Limited (RIL) today announced that its subsidiary, Reliance Marcellus II, LLC, has signed definitive transaction agreements to enter into a Marcellus Shale joint venture with United States based Carrizo Oil & Gas, Inc. (NASDAQ: CRZO).
Under the proposed transaction, Reliance will acquire a 60% interest in Marcellus Shale acreage in Central and Northeast Pennsylvania [...]
Mukesh Ambani bids for BP Tanzania assets
Mukesh Ambani has joined the race to buy the assets of the British Petroleum (BP) Company in Tanzania and three other African countries.
International industry sources said yesterday that Mr Ambani’s two firms, Reliance and Essar, had offered between $400 million (about Sh560 billion) and $500 million (Sh700 billion) for each of the BP Africa’s assets [...]
IMG Reliance to train sixteen U-14 Indian footballers to US
The joint venture by Reliance Industries Limited (RIL) and IMG to develop, market and manage sports in India has turned out to be a boon for Indian football as the first part of their partnership with the All India Football Federation (AIFF), the group has decided to sponsor 16 India U-14 boys to spend nine [...]
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