Mukesh Ambani Donates ₹151 Crore to ICT Mumbai, Honoring Prof. MM Sharma
Reliance Industries Chairman Mukesh Ambani has made an unconditional grant of ₹151 crore to his alma mater, the Institute of Chemical Technology (ICT) in Mumbai. The donation was announced during the release of a biography honoring Professor MM Sharma, a renowned chemical engineering figure. This substantial contribution is expected to significantly enhance ICT Mumbai's research capabilities, infrastructure, and academic programs.
05Jun 25
Reliance Ethane Pipeline Ltd Seeks Approval for 100.4 km Pipeline in Gujarat
Reliance Ethane Pipeline Ltd, a subsidiary of Reliance Industries Limited (RIL), has applied to the Petroleum and Natural Gas Regulatory Board (PNGRB) for approval to construct a new 100.4-kilometer ethane pipeline. The proposed pipeline would connect RIL's facilities in Dahej and Hazira, Gujarat. This move aims to enhance RIL's petrochemical infrastructure, potentially improving operational efficiency and reducing transportation costs. The application is currently under review by the PNGRB.
Reliance Jio Expands Customer Base, Adds 2.64 Million Subscribers in April
Reliance Jio, the telecom arm of Reliance Industries Limited (RIL), reported a net addition of 2.64 million mobile subscribers in April. This significant increase demonstrates Jio's strong market position and growth in India's competitive telecom sector. The consistent expansion of Jio's subscriber base could positively impact RIL's overall performance and market perception.
23May 25
Reliance Industries to Invest ₹75,000 Crore in Northeast India
Reliance Industries Limited (RIL) plans to invest ₹75,000 crore in Northeast India over the next five years, more than doubling its current investment in the region. The investment will focus on expanding Jio's 5G coverage, increasing agricultural procurement, setting up biogas plants, enhancing healthcare facilities, and establishing Olympic training centers. This strategic move aims to boost regional development, create employment opportunities, and contribute to India's economic growth goals.
22May 25
Reliance Industries Gears Up for Green Energy Push with New Giga Factories
Reliance Industries Limited (RIL) has announced plans to expand its green energy sector presence. The company will commission new giga factories for batteries and micro power electronics in the coming year, and launch a solar photovoltaic (PV) modules giga factory within the current year. These initiatives aim to enhance India's capabilities in advanced energy storage technologies and solar energy adoption, potentially boosting the country's renewable energy goals and reducing import reliance.
Reliance Industries Limited (RIL) has withdrawn its trademark application for 'Operation Sindoor', stating it was filed mistakenly by a junior employee without proper authorization. The company took swift action to rectify the situation, emphasizing its respect for the phrase's cultural significance and its commitment to addressing the issue transparently. This incident highlights the importance of internal controls and proper authorization processes in large corporations.
07May 25
Reliance Jio Gains Momentum: Adds 21.74 Lakh Users in March 2023
Reliance Jio added 21.74 lakh new subscribers in March 2023, representing a 23% month-on-month increase from February. This growth could potentially increase Jio's market share and revenue, while putting pressure on competitors in the Indian telecom sector. The company's performance highlights its strong position amidst intense competition and the ongoing 5G rollout.
Reliance Industries Soars: Mukesh Ambani Rejoins $100 Billion Club as Q4 Results Beat Expectations
Reliance Industries Limited (RIL) reported impressive Q4 FY25 financial results, exceeding market expectations. The company's consolidated PAT increased by 2% YoY to ₹19,407.00 crore, while revenue from operations grew 10% to ₹2.64 lakh crore. EBITDA rose 3.59% to ₹48,737.00 crore, and net profit increased 6.44% to ₹22,611.00 crore. RIL's stock surged 8.10% over three trading sessions, propelling Chairman Mukesh Ambani's net worth to $106.10 billion and placing him back in the $100 billion club.