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Reliance Industries Limited (RIL) was supposed to relinquish 25% of the total area outside the discoveries in 2004 and 2005, as per the Production Sharing Contract (PSC). However, the entire block was declared as a discovery area and RIL was allowed to retain it.
Mukesh Ambani set up Reliance Infocomm Limited (later Reliance Communications Limited), which was focused on information and communications technology initiatives. [26] At the age of 24, Ambani was given charge of the construction of Patalganga petrochemical plant when the company was heavily investing in oil refinery and petrochemicals. [27]
By 2002, Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005. [3] [4] Anil Ambani got the responsibility of Reliance ...
Billionaire Mukesh Ambani, chair of India’s Reliance Industries Limited (RIL), hailed the landmark partnership with Disney and revealed ambitious AI plans at the company’s annual general ...
In this article, I’m going to take a look at Reliance Industries Limited’s (NSE:RELIANCE) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed ...
Mukesh Ambani, the chairman of Reliance Industries Limited (RIL) On 3 January 2012, Reliance Industries Limited (RIL) and Network18 announced a partnership. [6] [25] Reliance Industries set up a body called the Independent Media Trust (IMT) and infused funds into the company through a number of shell companies as part of a complex financial ...
Reliance Group: Anil Ambani: Chairman [83] 2006 Son of founder Dhirubhai Ambani: 2017-11-12 Reliance Industries: Mukesh Ambani: Chairman and MD [84] 2002 One of India's wealthiest people 2017-11-12 Renault: Luca de Meo: CEO [85] 2005 Former CEO of Nissan: 2017-11-12 Royal Bank of Canada: David I. McKay: President and CEO [86] 2014 Succeeded ...
Rating Action: Moody's assigns Baa2 rating to RIL's proposed USD bondsGlobal Credit Research - 04 Jan 2022Singapore, January 04, 2022 -- Moody's Investors Service has today assigned a Baa2 rating ...