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.
Reliance Industries: Shares Surge 5.3% on Strong Q4 Results
Reliance Industries posted robust Q4 FY23 results with consolidated net profit rising 2.37% to ₹194.00 billion and revenue growing 10% to ₹2,640.00 billion. The company's stock jumped 5.3%, adding ₹93,000.00 crore to its market cap. Reliance announced a dividend of ₹5.50 per share, plans to issue non-convertible debentures worth ₹250.00 billion, and reported a net debt of ₹1,170.00 billion. The company also commissioned its first solar PV module line and approved the acquisition of Kandla GHA Transmission. Reliance Consumer Products showed remarkable growth with 3.5x year-on-year sales increase in Q4.
27Apr 25
Reliance Industries Posts Strong Q4 Results, Driven by Jio and Retail Growth
Reliance Industries Limited (RIL) reported robust Q4 FY2025 results with consolidated revenue up 9.00% YoY, EBITDA up 4.00%, and PAT growing 6.40%. Jio Platforms showed impressive 18.00% YoY growth with 488.20 million subscribers and increased ARPU to ₹206.20. Jio's 5G network now carries 45.00% of total wireless traffic. Reliance Retail's revenue grew 16.00% YoY with significant expansion in store network and quick commerce. The O2C segment faced challenges due to global market conditions. New energy initiatives are progressing with the commissioning of a gigawatt-scale solar module production line. JioStar, formed from the Viacom18-Disney Star merger, has quickly become India's largest media and entertainment platform with 280.00 million paid subscribers.
Reliance Industries Limited (RIL) has appointed Anant Ambani as Executive Director for a five-year term starting May 1, 2025. The company reported robust financial results for FY25, with consolidated revenue reaching ₹1,071,174.00 crore ($125.30 billion), a 7.10% YoY increase. Consolidated EBITDA and Profit After Tax both grew by 2.90%. Jio Platforms, Reliance Retail, and the O2C segment showed significant growth. The Board recommended a dividend of ₹5.50 per equity share. Strategic developments include the formation of JioStar and the successful launch of JioHotstar.
26Apr 25
Reliance Industries Reports Strong FY25 Results with Record Revenue and EBITDA
Reliance Industries Limited (RIL) announced robust financial results for FY 2024-25, with consolidated revenue reaching ₹1,071,174.00 crore ($125.30 billion), up 7.1% year-over-year. EBITDA hit an all-time high of ₹183,422.00 crore ($21.50 billion), increasing 2.9%. Net profit grew 2.9% to ₹81,309.00 crore ($9.50 billion). Jio Platforms and Reliance Retail showed strong growth, while O2C segment faced margin pressures. The company became the first Indian entity to surpass ₹10 lakh crore in total equity. A dividend of ₹5.50 per equity share was recommended.
Reliance Industries Limited (RIL) announced robust financial results for FY2024-25. Consolidated revenue reached ₹1,071,174.00 crore, up 7.1% YoY. EBITDA grew to ₹183,422.00 crore, a 2.9% increase. Consolidated profit after tax rose to ₹81,309.00 crore, up 2.9% YoY. Jio Platforms and Reliance Retail showed strong growth, while O2C segment faced challenges. Oil and Gas segment improved, and JioStar reported significant subscriber growth. RIL became the first Indian company to surpass ₹10 lakh crore in total equity. The Board recommended a dividend of ₹5.50 per equity share.
Reliance Industries Limited (RIL) has reported strong financial results for FY25, becoming the first Indian company to exceed ₹10 lakh crore in total equity. The company achieved a consolidated revenue of ₹1,071,174.00 crore ($125.30 billion), a 7.1% year-over-year increase. EBITDA grew by 2.9% to ₹183,422.00 crore, while consolidated profit after tax rose 2.9% to ₹81,309.00 crore. Jio Platforms and Reliance Retail showed significant growth, with profit after tax increases of 21.9% and 11.6% respectively. The Oil to Chemicals segment saw revenue improvement despite margin pressures. Q4 FY25 also showed strong performance across segments. The Board recommended a dividend of ₹5.50 per equity share for FY25.
25Apr 25
Reliance Industries Reports Robust FY25 Performance with Record Revenue and EBITDA
Reliance Industries Limited (RIL) announced its financial results for FY25, reporting a record annual consolidated revenue of ₹1,071,174.00 crore ($125.30 billion), up 7.1% YoY. The company's EBITDA reached ₹183,422.00 crore ($21.50 billion), growing 2.9% YoY. Q4 FY25 saw consolidated revenue increase by 8.8% YoY to ₹288,138.00 crore. Jio Platforms and Reliance Retail continued strong growth, while the O2C segment faced challenges. The Oil and Gas segment reported growth, and the new JioStar business showed promising results. RIL announced a dividend of ₹5.50 per equity share for FY25.
25Apr 25
Reliance Industries Declares ₹5.50 Dividend for FY 2025, Plans to Raise ₹25,000 Crore via NCDs
Reliance Industries Limited (RIL) has declared a dividend of ₹5.50 per equity share for FY 2025, subject to shareholder approval. The company also plans to raise up to ₹25,000 crore through non-convertible debentures. RIL reported strong financial results with consolidated revenue of ₹914,472.00 crore and net profit of ₹79,020.00 crore. The company's diverse segments, including Oil to Chemicals, Digital Services, Retail, and Oil and Gas, contributed to its robust performance. RIL maintained healthy financial ratios, with a Debt Equity Ratio of 0.41.
Reliance Jio Expands User Base, Adds 1.77 Million Subscribers in February
Reliance Industries' telecom arm, Jio, added 1.77 million new subscribers in February according to the latest Telecom Regulatory Authority of India (TRAI) report. This growth demonstrates Jio's strong position in India's competitive telecom market and suggests the effectiveness of its marketing, pricing strategies, and network investments. The expanding user base could potentially lead to increased revenue for Reliance's telecom segment.
Reliance Industries to Announce Q4 Results, Consider Dividend on April 25
Reliance Industries Limited (RIL) will announce its Q4 and FY25 financial results on April 25. The board will consider dividend recommendations and potential fund-raising through debentures. Analysts expect stable performance with flat core EBITDA. Investors will focus on retail and Jio segment performance, potential IPO announcements for Jio, and updates on new energy projects. The results will provide insights into RIL's financial health and future strategies across its diverse business portfolio.