Tag Archives: Reliance Industries

We tell foreign investors you can come and start building your factory in 15 days: Arun Misra, Tata Steel

MUMBAI: The Tata group, which controls more than 100 operating companies, has showcased just about half a dozen of them at its pavilion at Make in India week in Mumbai. Evidently, space is a constraint at Hall No. 7, which … Continue reading

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Haldia Petrochemicals financial bidding on Monday

KOLKATA: The much-awaited sale of West Bengal government’s stake in troubled Haldia Petrochemicals Limited (HPL) would take place on Monday. “The financial bidding for the (state) government’s shares in HPL will take place on Monday afternoon”, West Bengal industry minister … Continue reading

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Refining, petrochem margins to improve next year: RIL

NEW DELHI: Reliance Industries, which registered its highest quarterly profit in nearly three years in the July-September period, sees an improvement in refining and petrochemical margins next year, Chief Financial Officer Alok Agarwal said today. Reliance yesterday reported a 27.8 … Continue reading

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Bengal government calls off Haldia Petrochemicals stake sale

KOLKATA: The West Bengal government has officially called off the sale of its stake in troubled Haldia Petrochemicals Ltd (HPL). It informed Indian Oil Corp, the lone bidder for the stake, of its decision on Tuesday. With HPL’s two promoters … Continue reading

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Reliance selects Technip as a technology supplier for its new refinery gas cracker project in Jamnagar

Mumbai: Reliance Industries Limited (RIL) has selected Technip as a technology supplier and engineering contractor to implement its Refinery Off-Gas Cracker (ROGC) project. This is part of the expansion project being executed at RIL’s world-scale Jamnagar refining and petrochemical complex … Continue reading

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Reliance offers more naphtha but non-petchem grade

Reliance Industries is looking to sell more naphtha, bringing its total naphtha exports through tenders for August lifting at 185,000 tonnes, traders said, the highest monthly spot volumes offered by the company since February. However, some 60 percent of the … Continue reading

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Petrochemical prices rise 30% in 6 months, raise packaging costs

NEW DELHI: Petrochemical prices have soared almost 30% in less than six months, raising the cost of a range of goods from ice creams to textiles and consumers goods, though it is good news for suppliers such as Reliance Industries … Continue reading

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RIL, Sibur to invest $450 mn in butyl rubber plant in Jamnagar

NEW DELHI: Reliance Industries today said it will invest USD 450 million (about Rs 2,000 crore) along with Russian petrochemical firm Sibur in setting up a butyl rubber plant at Jamnagar in Gujarat. “Reliance and the leading Russian petrochemical company … Continue reading

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LyondellBasell buys SJS Plastiblends, aims at presence in Indian automotive market

MUMBAI: Global chemicals and plastics maker Lyondell-Basell, which was an acquisition target of Reliance Industries in 2010, will soon make its debut in the Indian manufacturing industry by buying SJS Plastiblends Pvt Ltd, an Aurangabad-based polypropylene compounds manufacturer. The $45-billion … Continue reading

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RIL commissions 1st phase of paraxylene plant at Jamnagar

NEW DELHI: Reliance Industries today announced the commissioning of the first phase of its Paraxylene (PX) plant at Jamnagar, Gujarat. The plant with capacity of 2.2 million tons per annum is built with state-of-the-art crystallisation technology from BP which is … Continue reading

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