Brookfield to acquire Reliance Industries’ East West Pipeline for Rs 13,000 crore

Date: 15-03-2019

Brookfield is all set to acquire Reliance Industries’ (RIL) East West Pipeline for whopping Rs 13,000 crore. As a part of the transaction, the India Infrastructure Trust (InvIT) sponsored by Brookfield will acquire 100% equity interest in Pipeline Infrastructure (PIPL) which currently owns and operates the Pipeline.

Pursuant to this acquisition by Brookfield, the existing pipeline usage agreement has been reworked. As per the new agreement, the reserved capacity reduced to 33 MMSCMD against the 56 MMSCMD. RIL will transport average gas volume of 22 MMSCMD at the current approved final tariff of Rs 71.66/MMBTU. If the company fails to do so, then it will be liable to pay for unutilized capacity which will be the difference between Rs 500 crore a quarter and actual revenue earned by PIPL.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Latest Financials

Latest Financials

 - Reliance Industries Ltd.

  Standalone Consolidated
TTM EPS (Rs) 55.47 62.45
TTM Sales (Rs. Cr.) 4,00,986 6,22,809
BVPS (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
639.42 611.34
Reserves (Rs. Cr.)
The term reserve represents a part of shareholders' equity, except for basic share capital. Reserves are created from retained earnings and shareholders' contributions in the form of share premium etc.
3,98,983 3,81,186
P/BV
Price to Book Value is the ratio of stock's market value to its book value. It gives some idea of whether investors are paying too much for what would be left if the company went bankrupt immediately. To get high returns, it is advisable to invest in a company which satisfies all the criteria set by MoneyWorks4me and which has low price to book value ratio.
2.07 2.17
PE
It is the ratio of market price and earnings per share. It shows what the market is willing to pay for the company's earnings. To get high returns it is advisable to invest in the company which satisfies all the criteria set by MoneyWorks4me and which has low price to earnings ratio as compared to the industry.
23.90 21.22
From the Market
52 Week High / Low (Rs) 1417.00/907.10
All Time High / Low (Rs) 1417.00/9.02
Volume Traded 21,32,599
Market Cap (Rs. Cr.) 8,40,223
Equity (Rs. Cr.) 6,338.91
Face Value (Rs) 10
Industry PE
Industry price to earnings per share tells on an average, what the market is willing to pay for overall earnings in that industry. It can be used as a benchmark price to earnings ratio for the companies in that industry.
19.09
1325.50 0.00 (0.00%)
May 20, 18:59
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