Page-3 of Reliance Industries Limited Current Affairs, GK & News

Mukesh Ambani, Tata join Bill Gates for $1 billion clean energy fund

The Breakthrough Energy Coalition (BEC) with members like Reliance Industries Chairman Mukesh Ambani, Tata Sons Chairman Emeritus Ratan Tata, Alibaba’s Jack Ma and other billionaires will invest more than $1 billion in clean energy called the Breakthrough Energy Ventures (BEV). The fund has been created to fight climate change through innovation in clean energy over ..

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RIL warns of KG-D6 shutdown, govt shows CAG’s red card

The tussle b/w Reliance Industries and the petroleum ministry over the future of India’s significant gas acreage reached to a full blown confrontation. Reliance and its partner BP have indicated the shutdown of the country’s biggest gas discovery- KG-D6 in 2015 if the government did not approve its long-pending investment proposals and revised capital expenditure ..

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IOC, RIL figure in Fortune’s top 100

· 8 Indian companies appear in the list of world’s 500 largest companies by Fortune magazine. · Among those 8 companies, 5 are state-run · Indian Oil Corp and Reliance Industries Limited stand among the top 100. · Indian Oil, with annual revenues of 86.01 billion dollars, stands at 83rd rank an increment from 98th ..

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SBI violates RBI norms on RIL loans

SBI temporarily exceeded RBI-set credit exposure limit for the consecutive 4th year in 2011-12 in case of loans given to Reliance Industries Limited (RIL). It also infringed RBI’s single borrower exposure rules in case of loans to two state-run entities — Indian Oil Corp (IOC) and Bharat Heavy Electricals Ltd (BHEL). The exposure was brought ..

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Govt disallows $1.24 bn RIL cost recovery

The Petroleum Ministry disallowed the RIL’s (Reliance Industries Ltd) $1.24 billion cost recovery from its investment in the KG-D6 field, in the Krishna-Godavari (KG) basin. RIL has already taken the government to the Supreme Court over its inability to nominate an arbitrator over the issue of cost-recovery. Why Govt’s Notice to RIL? A Notice was ..

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