The Mukesh Ambani-owned Reliance Industries Ltd is said to be mulling over entering the nuclear energy business.
Reliance Industries Limited (RIL), the biggest private-sector company in India, has confirmed that it has submitted to LyondellBasell Industries (LBI), a privately owned multinational chemical company based in the Netherlands, a preliminary non-binding offer to buy, in cash, a controlling interest in the latter once it emerges from the Chapter 11 bankruptcy protection.
Reliance Industries Limited (RIL), run by Mukesh Ambani, has announced discovery of an oilfield in the Cambay Basin, off the coast of Gujarat.
In the next 24 to 48 hours, Reliance Industries (RIL) will start their gas production at the Krishna Godavari (KG) basin. The production of gas from the Dhirubhai 6 (D6) block will boost the revenue from the refinery to up an estimated amount of $2 billion when the production is at its peak capacity.
Anil Dhirubai Ambani’s Reliance Power bagged yet another contract by bidding the lowest, leaving the second lowest bidder National Thermal Power Corporation with a comparative margin of 53 paise to win the 4,000 MW Tilaiya ultra mega power project (UMPP).
In just 90 days of its launch, Reliance Communications owned DTH major Big TV has achieved the 1 million subscriber mark.