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RIL gains as its arm gets right to use spectrum in 14 key circles across India in 1800 MHz band

14 Feb 2014 Evaluate

RIL is currently trading at Rs. 816.60, up by 9.15 points or 1.13% from its previous closing of Rs. 807.45 on the BSE.

The scrip opened at Rs. 810.35 and has touched a high and low of Rs. 816.90 and Rs. 809.00 respectively. So far 56295 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 927.90 on 19-Jul-2013 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. 825.60 and Rs. 803.00 respectively. The current market cap of the company is Rs. 263510.14 crore.

The promoters holding in the company stood at 45.31% while Institutions and Non-Institutions held 29.71% and 21.47% respectively.

Reliance Industries’ telecom arm- Reliance Jio Infocomm (RJIL) has successfully acquired the right to use spectrum in 14 key circles across India in the 1800 MHz band in the recently concluded spectrum auction conducted by DoT, Government of India. RJIL plans to use this spectrum, ranging from 2x5 MHz to 2x7 MHz in each of these 14 circles, in conjunction with its pan India 2300 MHz spectrum to address the expected surge in demand for digital services as well as to enhance in-building coverage. RJIL plans to provide seamless 4G services using FDD-LTE on 1800 MHz and TDD-LTE on 2300 MHz through an integrated ecosystem.

RIL is an oil refining, petrochemicals and upstream (mainly natural gas at present) company. It has two highly complex refineries with combined capacity of 1.24 million barrels per day and domestic proved reserves of 660 million barrel of oil equivalent as at end-March 2013.

Reliance Industries Share Price

1365.10 21.65 (1.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
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HPCL 370.95
MRPL 183.20
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