RIL inches up after resumption of operations at Dahej plants

Reliance Industries rose 0.28% to Rs 960.60 at 9:17 IST on BSE after the company announced that it has restarted its purified terephthalic acid plants, and is ramping up production to full capacity at Dahej.

The announcement was made after market hours on Friday, 3 June 2016.

Meanwhile, the S&P BSE Sensex was up 8.20 points or 0.03% at 26,851.23.

On BSE, so far 1,438 shares were traded in the counter as against average daily volume of 2.27 lakh shares in the past two weeks. The stock hit a high of Rs 962 and a low of Rs 959 so far during the day. The stock had hit a 52-week high of Rs 1,089.50 on 15 January 2016. The stock had hit a 52-week low of Rs 819 on 24 August 2015.

The large-cap company has equity capital of Rs 3242.45 crore. Face value per share is Rs 10.

The purified terephthalic acid (PTA) plants had been shut for a brief period owing to increased water salinity. Reliance Industries (RIL) said it ensured PTA supplies to downstream customers from its Hazira and Patalganga plants during the brief shutdown at Dahej. Now, the customers will be getting PTA from all three locations, RIL said.

On consolidated basis, RIL's net profit rose 15.9% to Rs 7398 crore on 10.7% decline in net sales to Rs 60252 crore in Q4 March 2016 over Q4 March 2015.

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

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