Reliance Industries Limited said that it has established a new fully-owned subsidiary called Reliance International Limited (RINL) in Abu Dhabi, UAE. According to the Indian conglomerate, Reliance International Limited will carry out activities pertaining to trading crude oil, petroleum products, petrochemicals, as well as agricultural commodities. The Abu Dhabi subsidiary of Reliance Industries Limited is […]
Reliance Industries Limited said that JioPhone Next, the made-for-India smartphone is in advanced trials and is on track to launch before the upcoming Diwali festival. JioPhone Next is being jointly designed by its subsidiary Jio Platforms and internet giant Google. It is claimed to be the first-of-its-kind device that features an optimized operating system based […]
Reliance Industries Limited said that it has invested INR 1,00,000 in cash in 10,000 equity shares, priced at INR 10 each in Reliance New Solar Energy Limited (RNSEL). The Indian conglomerate had incorporated Reliance New Solar Energy in July 2021 as a new fully-owned subsidiary. Reliance New Solar Energy, which will be engaged in carrying […]
Reliance Industries Limited has reported a 66.7% increase in its profit after tax for the quarter ended 30 June 2021 (1Q FY22) to INR 13,806 crores ($1.9 billion), compared to INR 8,282 crores ($1.11 billion) in net profit for the same period in the previous fiscal year. The Indian conglomerate earned revenue of INR 158,862 […]
Mukesh Ambani’s Reliance Industries Limited has incorporated a new fully-owned subsidiary called Reliance New Energy Solar Limited (RNESL) by investing INR 1 lakh in 10,000 equity shares of INR 10 each. Reliance New Energy Solar will carry out activities pertaining to solar energy. The new Reliance subsidiary is yet to start its business operations. Reliance […]
Reliance Industries Limited has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for developing a chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais, Abu Dhabi. The agreement is said to tap into the increasing demand for the critical industrial raw materials and utilizes the strengths of ADNOC and […]
Reliance Industries Limited said that the fluidized catalytic cracker unit (FCCU) at its SEZ refinery in Jamnagar, Gujarat has been restarted. The company undertook an emergency shutdown of the fluidized catalytic cracker unit on 6 June 2021. It has now been restarted after performing the required repairs, said Reliance Industries. According to the company, the […]
Reliance Industries Limited said that its subsidiary – Reliance Jio Infocomm (Jio) has entered into a collaboration with Google Cloud on 5G technology to enable Indians to access superior connectivity. In this connection, Google Cloud will offer a fully end-to-end cloud offering for 100% automated lifecycle management of Jio’s 5G network and services. According to […]