RIL Inches Until The Signing Of An Agreement With Siemens For Homeland Security

The announcement was made after market hours on Monday 19 September 2011.

Meanwhile, the BSE Sensex up 180.47 points, or 1.08%, to 16,925.82.

BSE, 1.64 shares were traded on the counter lakh against the daily average of 6.84 shares lakh in the past quarter.

In stock has reached a level of Rs 829.30 and low of Rs 816.10 so far during the day. In stock had hit a low of Rs 713.55 52 week August 26, 2011. In stock had hit a high of 52 weeks of Rs 1187 on 1 November 2010.

The stock has outperformed the market over the past one month, until September 19, 2011 Get 12.26% compared to the gain of 3.74% of Sensex. Scriptures were also outperformed the market last quarter, falling 5.48% against 6.30% in Sensex fall.

India’s largest private sector company by market capitalization on equity of Rs 3274.40 crore. The nominal value per share is Rs 10.

Siemens shares rose 0.90% to 865. Siemens has worked with Reliance Industries (RIL) unit, a branch of security solutions. Security market in the country is expected to be one of the most important growth markets in the world during the next decade, RIL said in a statement. RIL has to offer the fourth generation (4G) wireless broadband services in all areas of India Telecom 22, although it remains to start the services. Companies use the 4G network for video applications and security, the statement said.

The role of surveillance and security has acquired a higher level of importance given the fact that insurgency and terrorism has become a global phenomenon. Traditional security platforms are insufficient to meet these new challenges, there is an emerging need to switch to intelligent electronic security solutions, he said.

In addition, Reliance Industries (RIL), which owns the complex of the world’s largest refiner, said it plans to make an inspection and maintenance (M & I) stop light cycle oil hydrocracking (LCOHC) and diesel unit hydtrotreating vacuum (VGOHT) refinery complex SEZ refinery in Jamnagar September 19 to 23, 2011, respectively.

These deadlines will be for a period of approximately four weeks, RIL said. The stop routine of the units is scheduled for the first time since the launch. The two refineries in Jamnagar complex are designed to operate at maximum throughput is 1.3 million gross barrels per day during this period. All other major units in the complex processing are also planned to operate at normal capacity, RIL, said.

RIL has denied recent cost inflation in its D6 gas field in Krishna-Godavari basin. He said that audits of three independent experts found that the costs in the Krishna-Godavari (KG)-D6 field were not inflated and the company had joined the PSC (Production Sharing Agreement).

RIL, issued a statement after the after the CAG said that the final report to Parliament on September 8, 2011, the RIL is initially estimated capital expenditures for the D-1 and D-3 to the discovery of gas at $ 2 , 4 billion, later revised to $ 8.8 billion. CAG report also said that RIL has started to implement the revised capital expenditure plans, before they were approved by the government. The report also found that RIL did not give a little ‘less of a priority for the KG D6 block, which the government would be able to give other companies the further studies.

Europe’s second largest oil company BP Plc, last month acquired a 30% stake in 21 oil and gas blocks in the RIL is India. RIL, BP will pay a total of $ 7.2 billion decision to apply adjustments to the acquired interests in 21 production sharing agreements, the company said in a joint statement at the end of last month. In addition, performance payments up to $ 1.8 billion would be paid based on successful exploration, which leads to the development of commercial discoveries, the two companies said.

The original proposal was to sell stake in RIL blocks 23 to BP for $ 7.2 billion. The government has approved only 21 blocks, RIL said it would continue to seek approval for the two remaining blocks.

RIL withholding tax payments have jumped from 67% to about Rs 2000 crores in the second district in September 2011 at the Second District in September 2010.

RIL’s net income rose to Rs 5661 crore on 16.69% increase from 39.1% in net sales of Rs 81.018 million rupees in June 2011 in Q1 Q1 June 2010. RIL’s operating profit margin (OPM) declined sharply to 12.25% in Q1 June 2011 16.04% in Q1 June 2010 as the weak performance of oil and gas and petrochemical strong performance offset refining segment .

Gross investments of RIL in refining margins (GRM) rose to $ 10.3 per barrel from $ 7.3 per barrel in Q1 June 2010. KG-D6 gas production Ril field on the east coast has dropped to 18% of 156.2 billion cubic feet (BCF) in Q1 June 2011 over Q1 June 2010. The gas condensate production jumped 81.6% left 0.21 million barrels in Q1 June 2011 on Q1 June 2010. The company said that the sale of gas to the government gave priority to the Directive with effect from May 9, 2011. The result was published July 25, 2011.

Commenting on first quarter results, Chairman and CEO, Mukesh Ambani said RIL, Reliance Industries continues to deliver solid financial results and operations. Revenue growth was driven by strong refining margins and a strong performance in the petrochemical sector. Our cash flow gives us the opportunity to allocate capital resources to higher margin areas in key markets around the world. We remain committed to investing in India and began the program of investment in the petrochemical sector.

RIL operations cover the exploration and production of oil and gas, refining and marketing, petrochemicals (polyester, fiber intermediates, plastics and chemicals), textiles, retail and Infotel. RIL is the largest producer of spun polyester fibers and the world and 55 among the nine major world producers of petrochemicals.


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