Rakteem Katakey / New Delhi August 21, 2008, 0:24 IST

Reliance Petroleum, a subsidiary of India's largest private company Reliance Industries (RIL), will begin producing petroleum products from its new refinery in Gujarat early next month, sources said.

The Mukesh Ambani-owned company has started testing in the world's sixth largest refinery, they said.

Nevin John / Mumbai August 21, 2008, 0:21 IST

Reliance Industries, the largest Indian private company, is in talks with Brazilian energy giant Petroleo Brasileiro (Petrobras) to set up two petrochemical joint ventures, sources close to the development said. Both greenfield projects will require a total investment of around $6 billion (nearly Rs 25,800 crore).

Bs Reporter / New Delhi August 20, 2008, 0:31 IST

Aiming to meet the shortfall of diesel, which has witnessed exponential demand growth, the government is considering a proposal to declare Reliance Industries' sales of the fuel domestically as deemed exports.

Hyderabad, Aug. 12: Reliance Industries has decided to go ahead with crude oil production from the Krishna-Godavari (K-G) basin Dhirubhai-26 fields as there are no legal restrictions on oil production from the basin. RIL sources said production of crude oil will start from the third week of September and an estimated 20,000 barrels of oil are likely to be produced per day during the initial period.

Bs Reporter / Mumbai August 01, 2008, 0:50 IST

Mukesh Ambani-promoted Reliance Industries (RIL) will lose around $1 billion (Rs 4,300 crore) a year if it sells gas to the Anil Ambani's Reliance Natural Resources (RNRL) at the agreed price of $2.34 per million British thermal unit (mBtu).

Abhineet Kumar / Mumbai July 29, 2008, 0:02 IST

Reliance Industries and Oil & Natural Gas Corp (ONGC), two of India's biggest oil explorers, failed to benefit from record crude oil prices in the first six months of this year as the availability of rigs declined during the period. This, consequently, forced the companies to drill less.

Sushmi Dey NEW DELHI

WITH oil prices ruling high despite recent correction, domestic companies such as Reliance Industries (RIL), Tata BP Solar, Essar Power, Suzlon and Moser Baer are investing more in renewable energy.

While Suzlon, Moser Baer, Indowind and Webel raised $1.4 billion overseas in 2007 through convertible bonds for investment in green energy, RIL, Tata BP Solar and Essar Power raised $628 million on domestic stock exchanges in 2007.

2 MT OF DIESEL TO FEED DEMAND

Rajeev Jayaswal & Soma Banerjee NEW DELHI

FACED with an unprecedented growth in diesel demand, the government is examining the possibility of diverting to the domestic market 2 million tonnes of the 11 million tonnes a year of diesel that Reliance's Jamnagar refinery exports.

RIL To Kickstart Spot Crude Market With Indicative Benchmarked Price ENERGY major Reliance Industries (RIL), which is set to kick off the first spot crude oil market in the country, will be inviting price quotes from oil refining companies shortly.

Trying Hard: India's largest private sector company is making a late but concerted entry into CSR (Pic By Subhabrata Das)