Reliance Industries is currently trading at Rs. 1572.45, up by 5.90 points or 0.38% from its previous closing of Rs. 1566.55 on the BSE.
The scrip opened at Rs. 1569.80 and has touched a high and low of Rs. 1579.50 and Rs. 1568.10 respectively. So far 49287 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1614.00 on 02-Dec-2019 and a 52 week low of Rs. 1066.55 on 26-Dec-2018.
Last one week high and low of the scrip stood at Rs. 1593.00 and Rs. 1551.00 respectively. The current market cap of the company is Rs. 996681.27 crore.
The promoters holding in the company stood at 50.05%, while Institutions and Non-Institutions held 38.31% and 11.65% respectively.
Reliance Industries (RIL) and British energy giant BP plc have signed a partnership agreement relating to the formation of their new Indian fuels and mobility joint venture. The venture is expected to be formed during the first half of 2020, subject to regulatory and other customary approvals. The company currently has about 1,400 operating petrol pumps and some 30-odd aviation fuel stations at airports. These will be taken over by the RIL-BP joint venture and grown in future.
The company will hold 51 per cent in the new joint venture company, while BP will have the remaining 49 per cent. This will assume ownership of RIL's existing Indian fuel retail network and access its aviation fuel business. This is the third joint venture between Reliance and BP since 2011.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
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