UPL, Route Mobile and Reliance Industries to see some action today

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

16 Jun 2022 Evaluate

UPL has incorporated a wholly owned subsidiary (WOS) in the name of UPL Speciality Chemicals (USCL) which has acquired 100% holding in Kudos Chemie. As per the resolution plan approved by NCLT, the company is required to invest Rs 237 crore in Kudos over a period of 2 years. Kudos acquisition helps UPL to offer various value added products to its customers having synergy with its existing business.

Route Mobile has announced the opening of RouteLab, a new R&D centre in the heart of Bangalore, India's Silicon Valley. It is spread over a 20000 sq.ft. RouteLab will serve as Route Mobile's very own Centre of Excellence (CoE) for Engineering for its cutting-edge research and development. The Centre will be responsible for developing new-edge innovations related to Artificial Intelligence (AI), Machine Learning (ML), Blockchain, Mobile Identity, and more.

Jio-bp, a fuels and mobility joint venture (JV) between Reliance Industries (RIL) and bp, and Zomato have entered into an agreement to support Zomato’s commitment towards The Climate Group’s EV100 initiative of 100% EV fleet by 2030. Towards the same, Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’ branded battery swapping stations for last mile delivery.

Yes Bank is planning to raise funds in Indian/ foreign currency by issue of debt securities up to Rs 10,000 crore. It may include (but not limited to) nonconvertible debentures, bonds, MTN (Medium-Term Notes), Basel III compliant bonds, etc. The bank may raise funds in one or more tranches in domestic and/or overseas market from eligible investors on private placement basis. The bank will seek shareholders’ nod to raise Rs 10,000 crore through an issuance of debt instruments at the 18th Annual General Meeting (AGM) on 15 July 2022.

EKI Energy Services (EKI) has incorporated an offshore wholly owned subsidiary company named as ‘Enking International’ in Singapore on June 14, 2022. The company has incorporated wholly owned subsidiary with the view to expand its presence to grab business opportunities in overseas countries and opening up access to new markets for products and services.

NBCC (India) has secured the total business of Rs 330.35 crore during the month of May, 2022. Earlier, in the month of April, 2022, the company had secured the total Business of Rs 6.31 crore.

Astron Paper & Board Mill has completed the trial of new product named Absorbent Paper successfully at Balaram Papers, wholly owned subsidiary, Mehsana, Gujarat. Taking into consideration the current market situation of paper mills and paper industries, it is unable to continue the plant at its full capacity. However, the production will be carried on as and when the sales orders are received.

Reliance Industries Share Price

1308.85 29.15 (2.28%)

10-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1308.85
Indian Oil Corpn.	138.95
Bharat PetroleumCorp	309.70
HPCL	395.35
MRPL	162.45
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