Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1403.90
10.50 (0.75%)
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RIL inches up on receiving $2.1 billion credit support from Ex-Im Bank

Date: 06-12-2012

Reliance Industries is currently trading at Rs. 831.15, up by 0.25 points or 0.03% from its previous closing of Rs. 830.90 on the BSE.

The scrip opened at Rs. 836.00 and has touched a high and low of Rs. 836.75 and Rs. 821.90 respectively. So far 1,44,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 881.00 on 17-Sep-2012 and a 52 week low of Rs. 671.00 on 08-May-2012.

Last one week high and low of the scrip stood at Rs. 837.00 and Rs. 789.60 respectively. The current market cap of the company is Rs. 2,68,921.00 crore.

The promoters holding in the company stood at 45.24% while Institutions and Non-Institutions held 28.55% and 22.78% respectively.

Reliance Industries (RIL) will be receiving $2.1 billion credit support as the board of Export-Import (Ex-Im) Bank has voted to extend the single largest financing transaction of $2.1 billion to the company. This includes a $1.06 billion direct loan and to guarantee a $1.06 billion JPMorgan Chase loan to the company.

The loan amount will be primarily used to finance goods and services procured from exporters and suppliers in the US as part of Reliance’s expansion projects at Jamnagar.

RIL is India's biggest private sector company, and its operations range from oil and gas exploration and production to refining and petrochemicals.