Reliance Industries gains on commissioning new PX Plant at Jamnagar

29 Dec 2016 Evaluate

Reliance Industries is currently trading at Rs. 1057.65, up by 5.45 points or 0.52% from its previous closing of Rs. 1052.20 on the BSE.

The scrip opened at Rs. 1051.65 and has touched a high and low of Rs. 1057.75 and Rs. 1049.50 respectively. So far 48,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1128.90 on 26-Sep-2016 and a 52 week low of Rs. 888.50 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1069.90 and Rs. 1045.00 respectively. The current market cap of the company is Rs. 3,43,009.00 crore.

The promoters holding in the company stood at 46.48%, while Institutions and Non-Institutions held 34.24% and 19.27% respectively.

Reliance Industries (RIL) has commissioned the first phase of Para-xylene (PX) plant at Jamnagar, Gujarat. The plant with capacity of 2.2 MMTPA is built with state-of-the-art crystallization technology from BP which is highly energy efficient and environment friendly.

With the commissioning of this plant, the company’s PX capacity will more than double from 2.0 MMTPA to 4.2 MMTPA. On commissioning of entire PX capacity, Reliance will be the world’s second largest PX producer with 9% of global PX capacity and 11% share of global production.

RIL is an India-based private sector company, with business in energy and materials value chain and in retail and digital services. The company operates in four segments: refining, petrochemicals, oil & gas and organized retail. The refining segment includes production and marketing operations of the petroleum products.


Reliance Industries Share Price

2871.00 20.80 (0.73%)
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Company Name CMP
Reliance Industries 2871.00
Indian Oil Corp. 164.05
BPCL 628.45
HPCL 506.30
MRPL 209.30
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