RIL in list of Asian ‘corporate good guys’
Posted by admin on Nov 14, 2010 | Leave a Comment
Mukesh Ambani-led RIL is the sole Indian firm to get a perfect score in a list of Asia’s best companies in terms of corporate social responsibility, which also identified while Motors as among the laggards on this front.
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RIL files revised gas pact with RNRL in Bombay HC
Posted by vivek on Jul 01, 2010 | Leave a Comment
Mukesh Ambani-led Reliance Industries (RIL) has filed in the Bombay High Court the revised gas supply agreement it has entered with Anil Ambani Group firm Reliance Natural Resource (RNRL) last week for supply of natural gas at government-set terms.
The new Gas Sales Master Agreement (GSMA), which will replace the four-year-old GSMA between RIL and RNRL for supply of a minimum 28 million cubic metres per day of natural...
Ambani brothers sign gas sale pact
Posted by admin on Jun 26, 2010 | Leave a Comment
The revised deal, however, does not mention the price, tenure of supply and the quantity of gas.
Meeting the six-week deadline set by the Supreme Court, Reliance Natural Resources (RNRL), promoted by Anil Ambani, today signed a revised gas sale master agreement (GSMA) with Reliance Industries (RIL), promoted by elder brother Mukesh Ambani, for supply to the former’s proposed
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Pioneer deal adds twice the punch to RIL’s shale gas plans
Posted by admin on Jun 24, 2010 | Leave a Comment
After picking up 40 per cent interest in the Marcellus shale gas acreage of Atlas Energy in April, Reliance Industries Ltd (RIL) on Thursday announced a $1.3-billion (Rs 6,000 crore) acquisition of 45 per cent interest in the Eagle Ford shale acreage of Pioneer Natural Resources. This is its second acquisition in two months in US shale gas assets, the former nearer the east coast and the latter in Texas.
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Ready to supply gas to Anil’s ADAG: Reliance Industries
Posted by vivek on Jun 18, 2010 | Leave a Comment
Mukesh Ambani, chairman of Indian energy major Reliance Industries, said the firm is ready to provide gas to power plants controlled by his brother Anil Ambani’s Reliance ADAG and looks forward to a “harmonious and constructive” relationship with the company.
In May, Mukesh Ambani won a Supreme Court ruling in a gas pricing dispute with Anil that had embroiled New Delhi and ultimately brought the...
Reliance eyes 26% stake in Fortis
Posted by vivek on Jun 17, 2010 | Leave a Comment
Indian energy major Reliance Industries may foray into the healthcare sector by buying a 26 per cent stake in hospital chain Fortis Healthcare, a financial newspaper reported today.
Reliance has “sent feelers” to Indian billionaire brothers Malvinder and Shivinder Singh, who own Fortis, the newspaper said, citing industry sources.
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Mukesh to detail growth plans to RIL shareholders Friday
Posted by vivek on Jun 17, 2010 | Leave a Comment
Within days of a truce with younger brother Anil, Asia’s richest man Mukesh Ambani will address shareholders of Reliance Industries tomorrow and is expected to announce mega investment plans, possibly in power and telecom sectors.
The cash-rich company has its options open to enter telecom, power and finance sectors that were hitherto no-go areas as spelt out in a separation agreement between the two brothers...
RIL may bid for UMPPs in Chhattisgarh, Orissa
Posted by vivek on Jun 16, 2010 | Leave a Comment
After telecom, Mukesh Ambani-led Reliance Industries (RIL) is looking to enter thermal power projects and may bid for the ultra mega power projects (UMPPs) in Chhattisgarh and Orissa.
“The company is likely to bid for the two UMPPs for which the government has issued RFQs (Request for Qualification),” a source close to the development said.
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RIL pegs investment for telecom entry at $5 bn
Posted by vivek on Jun 13, 2010 | Leave a Comment
Mukesh Ambani-led Reliance Industries’ (RIL) foray into the telecom sector will entail an investment of about $5 billion, for which it is open to sharing infrastructure of younger brother Anil’s group firm Reliance Communications (RCom), company officials said.
The flagship firm of Ambani, who is known for making ultra-mega projects, would invest about a billion dollars for rolling out broadband services...
Mukesh Ambani makes Rs 4,800 cr telecom foray
Posted by vivek on Jun 12, 2010 | Leave a Comment
Five years after exiting telecom business, Mukesh Ambani-managed Reliance Industries Ltd (RIL) on Friday re-entered the sector by acquiring Infotel Broadband, the only company to have got the all-India broadband wireless access (BWA) spectrum.
RIL will invest Rs 4,800 crore by subscribing to fresh equity capital and own 95 per cent equity in the company, making it a subsidiary of RIL.
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