Reliance Industries Plans Refinancing of Its $12 Billion Debt

Reliance Industries Ltd. plans to refinance a significant portion of about $12 billion of borrowings that mature over the next three years and may sell bonds to repay the debt, according to company executives with knowledge of the matter. India’s largest company by market value will repay some of the debt coming due, mostly bonds…

RIL RPL merger at 1:16

I was thinking that it would be a 1:22 or 1:24 share swap.  That was going to be too much of a loss for me.  1:16 is not bad considering that my average price for RPL is quite ok.  So, over a period of few months the merger will be through and i will be…

Reliance Industries starts crude production at KG-D6 block

India’s largest private sector company, Reliance Industries Ltd., said it began producing crude oil from its KG-D6 block of the Krishna Godavari Basin on Sept 17, confirming media reports. Initial production levels are at 5,000 barrels of crude per day. Peak hydrocarbon production of 550,000 barrels of oil equivalent per day (boepd) is expected over…

Reliance Industries eyeing nuclear power generation?

Reliance Industries Limited, RIL is looking to foray into nuclear power generation, reports CNBC-TV18 quoting sources. RIL is in talks with a French nuclear power company. RIL and the French company is looking for eight-ten sites in India. RIL has said that it will not comment on market speculation, and has strongly denied a foray…

Mukeshspeak – G8 has become outdated

Reliance Industries Ltd (RIL) chairman Mukesh Ambani said on Sunday that G8 has become outdated. “The G-8 has become outdated. How can you keep two billion people (from India and China) out of a group and make decisions about the world,” said Mr Ambani at the India Economic Summit. He said that there is a…

India’s refining hub to be largest in world – Jamnagar

Reliance Industries and Essar Oil , India’s largest private sector oil refiners, are set to create the world’s biggest petroleum refining hub as part of plans to expand their plants in Jamnagar, western India. Essar has announced a $6bn expansion plan to more than triple capacity at its refinery, while Reliance, at its site a…