RIL up 3% as it commissions final phase of Jamnagar paraxylene project

The company will announce its Q4 & FY17 results on Monday, April 24, 2017.

Reliance Industries (RIL) gained 3% to Rs 1,411 on BSE in intra-day trade in an otherwise range-bound market after the company on Thursday announced commissioning of the second and final phase of paraxylene project at Jamnagar in Gujarat.

"With the commissioning of this plant, RIL's PX capacity will be more than double. Reliance will emerge as the world's second largest producer of PX with about 11% of global production," the company said in a statement.

RIL on Tuesday announced it has completed its Ethan project with the commissioning of its ethane receipt & handling facilities and ethane cracking, at its