Page 155 - Reliance Industries

Shah panel confirms migration of gas from ONGC's field to RIL

A report by Justice A P Shah committee today confirmed thatthere was a migration of gas from state-run ONGC's block in Krishna Godawaribasin to the adjacent fields owned by Mukesh Ambani-led Reliance IndustriesLtd. The one-man panel's report stands close to the findings ofthe report submitted by the US-based consultant DeGolyer and MacNaughton(D&M) in November 2015, which stated that about 11.122 billion cubic metersof natural gas worth about Rs 11,000 crore had migrated to the RIL fields fromONGC's idle fields. "Shah panel has submitted its report today. It confirms thatthere was a migration of gas from ONGC's fields to RIL's. We will look into itsrecommendations of the report and will take a call on it by September 30," saidpetroleum minister Dharmendra Pradhan. Headded that the panel also looked into the economic and legal aspects ofmigration. Government may take a call on the compensation to ONGC by RIL after studying the report. The mandate of the panel was to quantify the .

RIL focuses on domestic market for refined products

Sees scope for growth in India and rise in fuel consumption for next 10-15 years

RIL invests Rs 14,000 crore more in unlisted arm

RIIH setting up Jio-related infrastructure, new ventures

OilMin slaps $380 mn additional penalty on RIL for output shortfall

Production from the D6 block dropped considerably after a peak of 62 mscmd in 2010

Reliance Industries prefers using debt to cash for capex

On a large scale, as shown by its highest-ever spending on this in FY16 going along with a surge in cash balances, making investors restive

Reliance to create 'omni-commerce'

RIL chairman Mukesh Ambani spoke about his retail business plans in the company's latest annual report

Reliance Industries gains post Q1 earnings

The stock was up nearly 3% at Rs 1,039 on the BSE in early morning trade.

Reliance's fuel exports dip below 10 million tonnes in April-June

Export earnings records 9.4 per cent fall at Rs 33,282 crore

RIL profit rises on refining margins

Consolidated net profit grew 18.1 per cent to Rs 7,113 crore

34% of RIL's Rs 7,113-cr net profit is from treasury gains

Reliance, which has the highest cash balance, is also one of the highly indebted companies in the country

RIL's refining business shines; focus now on Jio

Mega expansions will provide additional trigger for the stock

Stopping realty in courts

The latest has South Delhi residents battling Reliance and the city's development authority to stop a mega mall project

RIL Q1 consolidated net up 18% at Rs 7,113 cr

GRM at 8-year high of $11.5 per barrel

RIL gets Environment Ministry nod to drill 8 wells in Tamil Nadu

Company to invest Rs 800 crore to drill these wells in search of hydrocarbons

Reliance May oil imports down 13.2%

The share of Latin American and African oil in Reliance's overall imports declined in the first five months of 2016,

RIL wants probe into Essar tapes

Essar says victim of extortion

RIL fails to name arbitrator in KG-D6 dispute

RIL and its partner Niko Resources had in Feb 2015 challenged govt's decision to take away 814 sq km of its eastern offshore KG-D6 area

Reliance Industries says PTA unit up and running

Purified terephthalic acid is used in man-made textiles and plastics industries

RIL arm sells stake in African fuel retailer Gapco

108 is the number of retail outlets Gapco operates

RIL temporarily shuts down PTA, PET units at Dahej due to water shortage

Firm says shortage due tp lower release of dam water and increased salinity of water supply to the manufacturing complex