‘No plans to merge RIIL with RIL’

Reliance Industrial Infrastructure Ltd,a Reliance Group with Reliance Industries Ltd,a senior company official said.

Reliance Industrial Infrastructure Ltd (RIIL),a Reliance Group with Reliance Industries Ltd,a senior company official said.

“We have no plans to merge with Reliance Industry Infra’s Director,S C Malhotra,told shareholders at the 21st annual general meetl shareholders asked about possibility of the company’s merger with Reliance Industm RIL,Reliance Capital also holds an 1.06 per cent stake in Religare Securities holds 0.52 per cent,Angel Broking 0.34 ping 0.29 per cent stake.

The future outlook of the company,Reliance Industrial Infrastructure,is mainly engaged infrastructure. The company is also engaged in leasing and providing service processing.

Story continues below this ad

The company has its operations in Mumbai and nearby Rasayani as also in Surat and Jamnagar belts of Gujarat.

It has set up a pipeline from the refinery of Bharat Petroleum Corporation at Mahul,Mumbai,for transporting petroleum products like naphtha and kerosene to the petrochemical complex of Reliance Industries at Patalganga.

The company has also constructed jackwell at River Tapi and an 18-kilometre long 1,200-millimetre India raw water pipeline system in Hazira. It has also constructed 70,000 kilolitre petrochemical product storage-cum-distribution terminal at Jawaharlal Nehru Port Trust Area at Nhava Sheva in Maharashtra.

The company has earned a gross income of Rs 79.02 crore for FY 09 as compared to Rs 80.13 crore in FY 08. The net profit also increased marginally by 3.12 per cent at Rs 22.47 crore in FY 09 as against Rs 21.79 crore in FY 08.

Story continues below this ad

The company’s networth as on March 2009 was Rs 166.68 crore with a paid-up capital of Rs 15.10 crore and accumulated reserves and surplus of Rs 151.58 crore.

Reliance Industrial Infrastructure shares were trading at Rs 1,074.50 on the Bombay Stock Exchange,down 3.01 per cent from Monday.

Tags:
Reliance
RIL

rime Minister Narendra Modi addresses the gathering during the inauguration of the PM MITRA Park and foundation stone laying ceremony of development works, in Dhar, Madhya Pradesh. (@NarendraModi via PTI Photo)

Pakistan brought down to its knees: Modi in his 75th birthday speech

India30 min ago

PM Modi turns 75 today, speaking in Dhar district of MP on the occasion, he praised Indian soldiers saying they brought Pakistan to its knees in a blink of an eye as India was not scared of anyone’s nuclear threats and instead “enters the enemy’s home and strikes”. Earlier, he laid foundation stone foundation stone of the country’s first PM MITRA Park.

View all shorts

Live Blog