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RELIANCE - Reliance Industries News Story

₹1328.65 -57.6  -4.2%

Last Trade - 10:29am

Sector
Energy
Size
Large Cap
Market Cap £95.15bn
Enterprise Value £113.14bn
Revenue £66.41bn
Position in Universe 1st / 3164

BRIEF-Reliance Industries Exec Says Aramco Deal Making Progress

Fri 17th January, 2020 2:40pm
Jan 17 (Reuters) - Reliance Industries Ltd  RELI.NS  Joint
CFO V Srikanth:
    * SAYS FOCUSING ON MAXIMISING DOMESTIC SALES TO TACKLE
GLOBAL
WEAKNESS
    * SAYS EXPECTS FIRST GAS OUTPUT FROM R CLUSTER IN KG-BASIN
BY MID
2020
    * SAYS SOME BENEFITS OF NEW MARINE REGULATIONS ON DIESEL
WILL
REFLECT IN COMING QTRS
    * SAYS IT WILL TAKE 12-18 MONTHS FOR PETROCHEMICALS PRICES
TO
IMPROVE
    * SAYS SAUDI ARAMCO DEAL IS MAKING GOOD PROGRESS, WE ARE
HAVING
INTENSIVE DISCUSSIONS
    * SAYS SIGNING OF DEFINITIVE AGREEMENT WITH ARAMCO WILL TAKE
A FEW
MONTHS
    * HOPES REFINING AND PETCHEM MARGINS TO IMPROVE IN 2020
    * SAYS INDIAN PETCHEM, TRANSPORT FUEL DEMAND TO RECOVER IN
2020
    * HAVE CLOSE TO A MILLION CUSTOMERS IN BROADBAND BUSINESS
    * RELIANCE INDUSTRIES EXEC SAYS PETCOKE GASSIFIERS WILL
START
CONTRIBUTING TO REVENUE FROM FIRST QUARTER OF NEXT FISCAL

Reliance Jio Strategic Head Anshuman Thakur:
    * SAYS JIO WILL BE NET DEBT FREE COMPANY ONCE CURRENT
RESTRUCTURING IS OVER AFTER TRIBUNAL APPROVAL
    * SAYS JIO MART INITIATIVE IS PILOT PROJECT FOR US

Further company coverage:  RELI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))
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