Reliance Industries Ltd.

Reliance Industries (RIL) is currently trading at Rs. 795.55, up by 3.25 points or 0.41 % from its previous closing of Rs. 792.30 on the BSE.

The scrip opened at Rs. 796.95 and has touched a high and low of Rs. 802.00 and Rs. 789.50 respectively. So far 234590 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 954.80 on 21-Jan-2013 and a 52 week low of Rs. 703.95 on 22-Jun-2012.

Last one week high and low of the scrip stood at Rs. 835.00 and Rs. 779.15 respectively. The current market cap of the company is Rs. 257644.17 crore.

The promoters holding in the company stood at 45.34% while Institutions and Non-Institutions held 28.77% and 22.36% respectively. 

Mukesh Ambani-controlled Reliance Jio Infocomm, subsidiary of Reliance Industries, has signed a Rs 12,000-crore deal with Anil Ambani-controlled Reliance Communications (RCom), under which the former will use the latter’s telecom tower assets for digital broadband services. The deal was a much expected one, as RIL had inked deal to utilize R-Com optic fibre cable network last month.

Under the terms of the agreement, Reliance Jio Infocomm will utilize upto 45,000 ground and rooftop based towers across RCom’s nationwide network for accelerated roll-out of its state-of-the-art 4G services.

Reliance Jio, which acquired broadband spectrum for roughly 13,000 crore, is expected to launch fourth-generation (4G) services only in FY15. The company plans to offer mobile-based enterprise solutions for small-scale businesses, full-scale mobile services and voice-over internet.