Latest news with #RelianceIndustriesLimited
News18
19 hours ago
- Business
- News18
RIL Signs Joint Operating Agreement With ONGC And BP Exploration In Saurashtra Basin
The block, located off the western coast in the Saurashtra Basin, spans an area of about 5,454 square kilometres and is classified under Category-II basins Reliance Industries Limited has signed a joint operating agreement with Oil and Natural Gas Corporation and BP Exploration for the exploration block located off the western coast in the Saurashtra basin, which was awarded to RIL, ONGC, and BP as part of the Hydrocarbon Exploration and Licensing Policy. The parties will pursue the exploration operation in the block under the terms of the block award. The block was awarded under the Open Acreage Licensing Policy (OALP) Bid Round-IX. The agreement was signed at ONGC's Deendayal Urja Bhavan, Vasant Kunj, New Delhi, ONGC said in a regulatory filing. This agreement marks a significant milestone in collaborative energy exploration and reflects the consortium's shared commitment to advancing India's energy security and contributing to the nation's long-term energy goals. The block, located off the western coast in the Saurashtra Basin, spans an area of about 5,454 square kilometres and is classified under Category-II basins. The consortium—with ONGC designated as the operator— is set to undertake exploratory activities aimed at assessing and harnessing the hydrocarbon potential of the region. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
5 days ago
- Business
- Hans India
Energy minister pushes for faster green projects
Vijayawada: Energy minister Gottipati Ravi Kumar has urged Reliance Industries Limited (RIL) to collaborate closely with the State Energy Department to accelerate the construction of Compressed Biogas (CBG) plants across Andhra Pradesh. The Minister emphasised that these green energy initiatives will greatly benefit local farmers and create significant employment opportunities for young people, fostering public support for their establishment. The directive came during a high-level meeting on Thursday at the Secretariat, where progress on Reliance's green energy investments in the state was reviewed. Minister Gottipati Ravi Kumar chaired the meeting, which included Special Chief Secretary Energy K. Vijayanand, JMD APTRANSCO Kirthi Chekuri, MD NREDCAP M Kamalakar Babu, and senior RIL officials. The Minister specifically called for the expedited setup of Reliance CBG plants and announced bi-weekly reviews. He noted that CBG plants in Vayumadugu and PC Palli are expected to be completed and commissioned by March 2026. Beyond Prakasam district, CBG plants are also being established in select constituencies of Sri Sathya Sai, Nandyal, and Anantapur districts. The next phase will include plants in Kandukur, Atmakur, and Udayagiri areas of Nellore district. Reliance representatives expressed satisfaction with the state government's full cooperation, noting that the CBG plants would provide crucial support to local farmers and create diverse employment opportunities. Minister Gottipati Ravi Kumar instructed the Energy Department and relevant agencies to provide all necessary support, including fast-tracking land allotments, resolving inter-departmental issues promptly, and coordinating closely with Reliance teams at the district level.
India.com
22-07-2025
- Business
- India.com
Just Dial, Netmeds, Campa Cola: 7 lesser known companies of Mukesh Ambani you should know about, 4th one will surprise you
Mukesh Ambani businesses: We all have heard about Mukesh Ambani who is known as the richest man in India and the fact that he owns the Reliance Industries Limited (RIL), which is one of India's most powerful business empires. However, do you know what are the businesses that billionaire Mukesh Ambani owns stakes in. Readers should note that Mukesh Ambani's Reliance Industries owns stakes in multiple industries including textiles, energy, petrochemicals, telecom, retail, media, and now green energy. It can easily be said that the Ambani led conglomerate influences nearly every sector of the Indian economy and operates through a wide network of subsidiaries. What are key businesses under Mukesh Ambani's RIL? The key businesses under Mukesh Ambani's RIL include Jio Platforms, which transformed India's telecom landscape, and Reliance Retail, the country's largest retail chain. After Reliance Jio debuted in the Indian market in 2008, it transformed the telecom market by offering mobile services, broadband, and digital apps at prices no one could ever imagine. What are the famous ventures of Mukesh Ambani? Another arm of RIL is the Reliance Retail which operates stores across fashion, grocery, electronics, and e-commerce. Also, on a more significant level, RIL also owns stakes in media arms like Network18. Some of the major Reliance Group companies include Reliance Industries Limited (RIL), Jio Financial Services, Network18, Viacom18, Jio Hotstar, Jio Saavn, DEN Networks, Hathway Cable, GTPL Hathway, Netmeds, Just Dial, Alok Industries, Sterling & Wilson Renewable Energy, Urban Ladder. Apart from these brands, Mukesh Ambani's RIL also owns Reliance Retail, JioMart, Ajio, Reliance Trends, Smart Bazaar, Tira Beauty, Reliance Fresh, Campa Cola, Reliance New Energy, Reliance Life Sciences, Reliance Jio Infocomm, Infomedia Press, Reliance Strategic Investments. What is the Net worth of Mukesh Ambani? As per Forbes Mukesh Ambani's net worth is $107.3 billion and he is ranked 16th in the list of the richest people in the world.
Fibre2Fashion
21-07-2025
- Business
- Fibre2Fashion
India's Reliance Industries' Q1 profit up; retail, fashion fuel growth
India's Reliance Industries Limited (RIL) has delivered a strong financial and operational performance in the first quarter (Q1) of fiscal 2026 (FY26), with consolidated gross revenue rising by 6 per cent year-on-year (YoY) to ₹273,252 crore (~$31.9 billion). The group's EBITDA surged by 35.7 per cent to ₹58,024 crore (~$6.8 billion), signalling a solid recovery across business segments. Commenting on the results, Mukesh D Ambani, chairman and managing director, Reliance Industries Limited said: 'Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros.' RIL has posted a strong Q1 FY26 performance, with consolidated revenue rising 6 per cent YoY to ₹273,252 crore (~$31.9 billion) and EBITDA up 35.7 per cent to ₹58,024 crore. Reliance Retail delivered robust results, with revenue of ₹84,171 crore and 388 new store additions. Fashion, Ajio, and Shein led growth, while digital expansion and quick-delivery initiatives strengthened customer engagement. Reliance Retail Ventures Limited (RRVL), the conglomerate's retail arm, posted quarterly revenue of ₹84,171 crore (~$9.76 billion), reflecting a year-on-year growth of 11.3 per cent. EBITDA rose 12.7 per cent to ₹6,381 crore, with EBITDA margins improving by 20 basis points to 8.7 per cent. Revenue from operations grew in tandem, supported by strong performance in grocery, fashion and lifestyle segments, the company said in its financial statement. During the quarter, the company added 388 new stores, bringing the total retail footprint to 19,592 stores across 77.6 million square feet. The registered customer base rose to 358 million, marking a 13.3 per cent annual increase, while total transactions jumped 16.5 per cent year-on-year to 389 million. The fashion and lifestyle segment stood out with robust growth, driven by new formats such as Gap, Azorte and Yousta, which registered a 59 per cent year-on-year rise and now collectively operate more than 170 stores. The company continued expanding its presence in non-apparel categories such as footwear, beauty and accessories. Ajio, Reliance's e-commerce fashion platform, saw notable improvements in customer engagement, with the revenue share from new users rising by 150 basis points year-on-year to 18 per cent, and average bill value increasing by 17 per cent. The platform expanded its catalogue by 44 per cent to over 2.6 million options, supported by the introduction of several new brands. Ajio Rush, a 4-hour delivery service launched in six cities, enhanced convenience and drove higher average order values and reduced returns. Shein, which returned to India through a partnership with Reliance, gained strong traction with over 2 million app downloads and 20,000+ live products. Premium offerings also gained momentum, with Ajio Luxe expanding its portfolio to 875 brands and Hamleys launching the Green Club, a sustainability initiative for children, while expanding into new geographies. The business also introduced the Mothercare Everyday range to further strengthen its kidswear offering, the statement added. Isha M Ambani, executive director, Reliance Retail Ventures Limited , said 'Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio. Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility.' In the polyester segment, margins were impacted, with the chain margin declining to $446/MT from $489/MT in the same quarter last year. Paraxylene (PX) margins over naphtha dropped by 34 per cent due to oversupply, although margins for monoethylene glycol (MEG) improved from a low base, thanks to lower inventory levels at Chinese ports. Downstream polyester product margins remained stable, supported by soft input prices and improved global demand. Fibre2Fashion News Desk (KD)
Business Upturn
21-07-2025
- Business
- Business Upturn
Reliance Industries Q1 Results: Shares in focus as revenue jump 6% YoY to Rs 2.73 lakh crore, net profit rises 76.5% YoY
Reliance Industries Limited (RIL) shares are in focus today after the company reported its highest-ever consolidated quarterly net profit of ₹30,783 crore for Q1 FY26, a sharp 76.5% rise from ₹17,445 crore in the same quarter last year. The surge was driven by strong performances across its telecom, retail, and oil-to-chemicals divisions. Consolidated EBITDA also reached a record ₹58,024 crore, reflecting a 35.7% year-on-year jump. The EBITDA margin expanded to 21.2%, up from 16.6% a year ago, backed by improved profitability across key business segments. Gross revenue grew 6% year-on-year to ₹2.73 lakh crore for the quarter ended June 30, 2025. Jio Platforms posted strong results, with revenue up 18.8% and a healthy jump in EBITDA, supported by a growing 5G user base now crossing 200 million. Reliance Retail continued to expand, benefiting from strong demand across categories like grocery, fashion, and digital commerce. The oil-to-chemicals segment saw a slight revenue dip due to lower crude prices, but improved margins led to higher EBITDA. The oil and gas business reported a slight decline in both revenue and earnings due to production and maintenance factors. JioStar Media made a solid debut, riding on record IPL viewership, delivering over ₹11,000 crore in revenue. Capital expenditure for the quarter stood at ₹29,875 crore, and net debt remained steady at ₹1.17 lakh crore. The company also noted progress in home broadband, with over 20 million connections, and ongoing momentum in digital offerings like JioGames Cloud and JioPC. Retail expansion continued at a strong pace with 388 new stores added in the quarter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Reliance IndustriesStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
