Reliance Industries donates Rs.11 crore to flood-hit Andhra

October 10th, 2009 HYDERABAD - Prime Minister Manmohan Singh Saturday once again conducted an aerial survey of the flood-hit areas in Andhra Pradesh. The prime minister, who spent the night at the Raj Bhavan here, left in a helicopter to survey the flood-affected districts of Mahabubnagar and Kurnool.

October 9th, 2009 HYDERABAD - The Prime Minister, Manmohan Singh on Friday announced Rs 1,000 crore as immediate flood related relief to rehabilitate people in Andhra Pradesh. Addressing a press meet here after conducting an aerial survey of the flood-affected regions of the state, Singh said, "Initially, the Central Government will release Rs.

October 5th, 2009 HYDERABAD - The worst floods in over a century have left a trail of destruction estimated at Rs.12,225 crore, the Andhra Pradesh government has said while asking New Delhi for immediate assistance of Rs.6,000 crore. In a memorandum to United Progressive Alliance chairperson and Congress president Sonia Gandhi, Chief Minister K.

August 3rd, 2009 NEW DELHI - The government will do everything to protect public interest which is its legal obligation, Minister of Petroleum and Natural Gas Murli Deora told Lok Sabha in a statement over the distribution of gas from Krishna-Godavari Basin by Reliance Industries Limited. "We have nothing to do with the private dispute of companies or individuals," Deora said Monday in a statement, amidst protests from the opposition benches.

July 29th, 2009 NEW DELHI - Reliance Power has posted a net profit of Rs.100.56 crore ($21 million) for the quarter ended June 30 as against Rs.59.7 crore reported in the like period last year. The total income has increased to Rs.144.24 crore from Rs.77.67 crore, the company said in a statement.

July 28th, 2009 MUMBAI - Reliance Natural Resources chairman Anil Ambani on Tuesday blamed the Petroleum Ministry of maintaining a biased approach in the legal dispute with brother Mukesh Ambani-led Reliance Industries over the issue of the price of natural gas from the Krishna-Godavari basin. Anil, while addressing shareholders of the company, stated that the Government would not lose a single rupee even if the gas from the fields off the Andhra Pradesh coast were to be supplied to his company at the originally contracted price of 2.34 dollars per unit.

June 29th, 2009 MUMBAI - Reliance Globalcom, part of the Anil Ambani-owned Reliance Communications, Monday said its revenues for the quarter ended March 31, 2009 increased 23 percent to Rs.1,880.3 crore ($391 million). The company had posted Rs.1,525.7 crore in revenue during the January-March quarter last year.

April 23rd, 2009 MUMBAI - Reliance Petroleum Ltd (RPL), the refinery arm of the Mukesh Ambani-controlled Reliance Industries Ltd (RIL), Thursday reported a net profit of Rs.84 crore ($17 million) for the quarter ended March 31 on a turnover of Rs.3,678 crore. Previous years' figures were not available as the $6.7-billion RPL started crude processing operations Dec 25, 2008.

April 23rd, 2009 MUMBAI - India's largest private sector company, the Mukesh Ambani-controlled Reliance Industries, Thursday reported a 1 percent drop in net profits for the quarter ended March 31 at Rs.3,874 crore (Rs.38.74 billion or $774.8 million). The turnover of the oil refining to retail major also dipped nearly 24 percent at Rs.29,073 crore for the fourth quarter in what had been a difficult year for oil refining companies in the wake of high crude prices and lower margins.

April 23rd, 2009 MUMBAI - Reliance Natural Resources Ltd (RNRL), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Thursday reported 1.8 percent growth in its net profit for 2008-09. The company, involved in sourcing, supply and transportation of gas, coal and liquid fuels, posted a net profit of Rs.69.87 crore ($14 billion) for 2008-09, up from Rs.65.59 crore the previous fiscal.

April 23rd, 2009 MUMBAI - The Anil Ambani-led Reliance Infrastructure Thursday said its standalone net profit rose 5 percent to Rs.1,138.88 crore in 2008-09 from Rs.1,084.63 crore the year before. The power distribution company, also involved in generation, transmission and trading of electricity besides constructing power plants, saw a 51.5 percent rise in its consolidated income at Rs.12,844.67 crore last fiscal as against Rs.8,480.31 crore the previous year.

April 18th, 2009 CHENNAI - Tamil Nadu, which is facing severe power shortage, can buy around 750 MW of electricity from Andhra Pradesh once the gas-based power plants in that state resume production with the gas from Reliance Industries' Krishna Godavari basin, a top industry official said here Saturday. 'Andhra Pradesh is expected to have 2,000 MW additional power generation because of the KG basin gas.

March 2nd, 2009 MUMBAI - In one of the largest merger deals in India, Reliance Petroleum will merge with its parent and the country's biggest company, Reliance Industries, in what the promoters say will create better synergies for them in the hydrocarbons space. The board of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.

February 26th, 2009 NEW DELHI - Construction and engineering major Larsen and Toubro (L&T) Thursday said it has bagged new orders worth Rs.1,162 crore (Rs.11.62 billion) for the construction of factories and residential projects. The orders have been bagged by L&T's Buildings and Factories Operating Co, which is part of its construction division.

January 18th, 2009 MUMBAI - The Anil Ambani group Monday told the Bombay High Court that allowing Reliance Industries to charge a higher tariff for gas from the Krishna-Godavari basin would mean a Rs.250-billion scam. The group, which is fighting a bitter legal battle with the Mukesh Ambani-led Reliance Industries over gas from the fields off the Andhra Pradesh coast, said state-run utility NTPC must not be asked to pay more than the agreed price of $2.34 per unit.