Reliance Industries Ltd.

Reliance Ports and Terminals (RPTL), a unit of Reliance industries, will raise at least Rs 1,400 crore via 10-year bonds at 10.40 percent. The pay in date is scheduled for next week and the bonds are rated AAA by CRISIL and CARE.

Reliance Ports and Terminals is engaged in the business of storage, handling and evacuation of crude oil and petroleum products for refinery of RIL. It handles the entire crude oil import requirements of RIL’s Jamnagar refinery through a pair of Single Point Mooring (SPM) systems.