Wednesday, August 23, 2017

Reliance Industries eyes to increase naphtha exports

Reliance Industries (RIL) is likely to export an additional 5,00,000 tonnes of naphtha in 2017-18 as it has switched to using ethane at its petrochemical projects, reported a leading news agency.

The company aims to import 1.3 to 1.4 million tonnes of ethane in 2017-18, said the report quoting Vipul Shah, Chief Operating Officer for Petrochemicals, Reliance.

Meanwhile, the stock was trading down by 0.34% at Rs 1,558 per share on BSE at 1417 hours. It opened at Rs 1,567 per share. It touched an intraday high and low at Rs 1,569.90 and Rs 1,554 per share, respectively.
The stock attracted a total traded volume of 10,37,206 shares and traded value of Rs 16,194.93 lakh on NSE at 1419 hours. The stock's 52-week high stood at Rs 1,664.90 (August 3, 2017) and 52-week low was at Rs 930 (November 9, 2016), respectively.

Reliance Industries is engaged in refining, including manufacturing of refined petroleum products, and petrochemicals, including manufacturing of basic chemicals, fertilizers and nitrogen compounds, plastic and synthetic rubber in primary forms. The company's segments include Refining, Petrochemicals, Oil and Gas, Organized Retail and others.

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