RIL gains as its telecom arm inks tower sharing pact with Videocon Telecom

Reliance Industries Ltd. | Refineries | Oil & Gas | BSE: 500325 | NSE: RELIANCE

09 Jul 2014 Evaluate

Reliance Industries is currently trading at Rs 999.50, up by 4.35 points or 0.44% from its previous closing of Rs 995.15 on the BSE.

The scrip opened at Rs 999.50 and has touched a high and low of Rs 1009.40 and Rs 993.05 respectively. So far 256584 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1142.50 on 16-May-2014 and a 52 week low of Rs 765.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 1037.00 and Rs 977.00 respectively. The current market cap of the company is Rs 324014.49 crore.

The promoters holding in the company stood at 45.30%, while Institutions and Non-Institutions held 29.86% and 21.41% respectively.

Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (RJIL) has inked tower sharing pact with the telecom arm of business conglomerate Videocon Group. The agreement with Videocon Telecom is aimed at reducing costs and optimising the telecom usage of telecom infrastructure. According to the deal, Reliance Jio will get access to Videocon Telecom’s tower infrastructure in circles Videocon Telecom has operations in.

Moreover, Reliance Jio will explore the possibilities of 4G network sharing, optical fibre network sharing, Internet broadband services and other mutually conducive opportunities. While Reliance Jio gears up for its 4G launch across the country, Videocon Telecom has also announced the rollout of its 4G LTE FDD services on 1800MHz across its operational six telecom circles.

Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India. Its activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.

Reliance Industries Share Price

1435.70 0.00 (0.00%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1435.70
Indian Oil Corp.	144.70
BPCL	302.85
HPCL	387.00
MRPL	167.90
View more..

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