Your Portal for Key Energy Information and Research

Reliance Industries Ltd

Company Summary

Financial Data:


Tickers:

  • RIGD - London Stock Exchange Group

Related Entities

Recent news

  • 7/9/2020 - BP & Reliance Industries... (subscriber access)
  • 3/30/2020 - India's Reliance... (subscriber access)
  • 2/10/2020 - Reliance & BP Planning... (subscriber access)
  • 2/6/2020 - India & NE Asian LNG... (subscriber access)
  • 11/13/2019 - India's ONGC Seeking... (subscriber access)

Company Transactions

Date: 7/9/2020
Type: Joint Venture

BUYERS:
  • BP PLC
  • DETAILS:

    COST: 1 $B

    NOTES:
    BP and Reliance Industries have kicked off their new Indian fuels and mobility JV, Reliance BP Mobility Limited. The agreement was initially signed in 2019, with BP paying Reliance $1 billion for a 49% stake in the JV. The firm is aiming to become a leader across India's fuels markets, with the press release citing that India "is expected to be the fastest-growing fuels market in the world over the next 20 years." They will expand their fuel network from 1,400 retail stores to up to 5,500 within the next five years, along with other expansions in the nation.
    REGIONS:
  • Asia
  • Date: 8/12/2019
    Type: Acquisition

    DETAILS:

    COST: 15 $B

    NOTES:
    Saudi Aramco announced plans to invest into India's Reliance Industries, acquiring a 20% stake in the oil-to-chemicals business. Reliance will receive an estimated $15 billion for the deal while also purchasing up to 500 Mbbl/d in crude oil from Aramco (doubling the current volume.)
    REGIONS:
  • Asia
  • International