Reliance Industries Limited (RIL) and bp have announced the initiation of production from the MJ field, marking the completion of their final deepwater development in the KG D6 block, located off India’s east coast. This significant milestone follows the successful start-up of the R-Cluster field in December 2020 and Satellite Cluster in April 2021, both […]
Reliance Industries Limited (RIL) has reported an 18.3% increase in its net profit for the quarter ended 31 March 2023 (4Q FY23) to INR 21,327 crores, compared to INR 18,021 crores in net profit for the same period in the previous fiscal year, as per a media release issued by the group. In 3Q FY23, […]
Reliance Industries Limited (RIL) has reported a 0.6% increase in its net profit for the quarter ended 31 December 2022 (3Q FY23) to INR 17,806 crores, compared to INR 17,703 crores in net profit for the same period in the previous fiscal year. The diluted earnings per share (EPS) of Reliance Industries Limited for the […]
Sanmina Corporation, an American electronics manufacturing solutions company, has wrapped up the previously announced joint venture (JV) transaction with Reliance Strategic Business Ventures Limited (RSBVL), a fully-owned subsidiary of Reliance Industries Limited (RIL). Announced in March 2022, the joint venture is for creating an electronic manufacturing hub in India, based at the 100-acre campus of […]
Power Grid Corporation of India Limited (Powergrid) said that its board of directors has sanctioned an INR 327.71 crores for a transmission project in Gujarat, which involves linking one of its pooling stations with the Jamnagar oil refinery of Reliance Industries Limited (RIL). The pooling station is the Jam khambhaliya ISTS PS located in Khambhalia […]
Reliance Industries said that its fully-owned subsidiary Reliance New Energy Limited (RNEL) has agreed to acquire a stake of 20% in Caelux Corporation, a California-based developer of perovskite-based solar technology. The consideration for the deal is $12 million. According to Reliance Industries, its investment will help Caelux expedite product and technology development. This includes the […]
Reliance Industries Limited (RIL) has agreed to acquire a stake of 79.4% in SenseHawk, a California-based start-up that develops software-based management tools for the solar energy generation industry. The consideration of the deal is $32 million, which covers funding for future growth, commercial launch of products, and research and development (R&D). SenseHawk is said to […]
Reliance Industries Limited (RIL) has reported a 40.8% increase in its net profit for the quarter ended 30 June 2022 (1Q FY23) to INR 19,443 crores ($2.5 billion), compared to INR 13,806 crores ($1.73 billion) in net profit for the same period in the previous fiscal year. In the previous quarter, that is 4Q FY22, […]
Reliance Industries Limited (RIL) has reported a 20.2% increase in its net profit for the quarter ended 31 March 2022 (4Q FY22) to INR 18,021 crores ($2.4 billion), compared to INR 14,995 crores ($1.95 billion) in net profit for the same period in the previous fiscal year. In the previous quarter, that is 3Q FY22, […]
Reliance Strategic Business Ventures Limited (RSBVL), a fully-owned subsidiary of Reliance Industries Limited (RIL), has agreed to create a joint venture (JV) with Sanmina Corporation, an American electronics manufacturing solutions company. The joint venture is being created through an investment of INR 1,670 crores by Reliance Strategic Business Ventures in Sanmina’s Indian entity — Sanmina […]