Rising prices a boon for RIL-BP gas business
The price ceiling of natural gas from RIL-BP's KG Basin would increase to $10 per mmBtu from $6.13 per mmBtu.
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March 2022
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August 2019
April 2019
RIL Q4 net profit down 37%
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.
RIL’s credit rating could be upgraded
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
RIL, BP announce new JV for fuel retailing
The new JV in which 51% will be owned by Mukesh Ambani-led RIL will build a pan-India fuel retail service station network and also sell aviation fuel to airliners.
RIL’s new quest for partnerships
Be it to monetise assets or acquire new technology, Reliance Industries is more than willing to work with new partners across businesses.
