RIL falls after announcing planned shutdown at Jamnagar refinery complex

Reliance Industries fell 1.51% to Rs 984.50 at 14:03 IST on BSE after the company announced that the SEZ unit of Jamnagar refinery is planning to shut down one crude distillation unit.

The announcement was made during market hours today, 29 June 2015.

Meanwhile, the S&P BSE Sensex was down 399.05 points or 1.43% at 27,412.79

On BSE, so far 3.71 lakh shares were traded in the counter as against average daily volume of 4.40 lakh shares in the past one quarter.

The stock hit a high of Rs 987.35 and a low of Rs 972.60 so far during the day. The stock had hit a 52-week high of Rs 1,049.90 on 9 September 2014. The stock had hit a 52-week low of Rs 796.75 on 30 March 2015.

The stock had outperformed the market over the past one month till 26 June 2015, rising 12.99% compared with 1.02% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 20.34% as against Sensex's 1.29% rise.

The large-cap firm has equity capital of Rs 3236.44 crore. Face value per share is Rs 10.

Reliance Industries (RIL) announced that the special economic zone (SEZ) unit of Jamnagar refinery of the company is planning to shut down one crude distillation unit for routine maintenance and inspection activities in the first half of July for about 10 days. This opportunity would also be utilized to carry out necessary modifications to improve the reliability and performance of the unit, RIL said. The other three crude distillation units, including major secondary processing units are planned to operate at normal throughput, the company said. The planned maintenance turnaround at the refinery is not expected to have any impact on commercial commitments, it added.

RIL's consolidated net profit rose 8.5% to Rs 6381 crore on 34.8% decline in net sales to Rs 67470 crore in Q4 March 2015 over Q4 March 2014.

RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.

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