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Reliance BP Mobility Limited (d/b/a Jio-bp), is an Indian oil and gas company, owned by Mukesh Ambani of Reliance Industries Limited (RIL). It is based in Navi Mumbai , Maharashtra , India . It is vertically integrated and is involved in hydrocarbon exploration, production, refining and also has interests in the downstream business and operates ...
For manipulating shares of Reliance Petroleum Limited (RPL), Reliance Industries was fined Rs. 950 crore (about 447 crore in retracted gains and 500 crore in interest) in 2007. [105] In April 2006, RPL went public as a Reliance subsidiary at a price of Rs. 60 per share.
The Jamnagar Refinery is a private sector crude oil refinery owned by Reliance Industries in Motikhavdi, Jamnagar, Gujarat, India. The refinery was commissioned on 14 July 1999 with an initial installed capacity of 668,000 barrels per day (106,200 m 3 /d). Its current installed capacity after expansion is 1,240,000 barrels per day (197,000 m 3 ...
Reliance Commercial Corporation was founded by Dhirubhai Ambani in 1966 as a polyester firm. It was renamed to Reliance Industries on 8 May 1973. Reliance later entered into financial services, petroleum refining, and power sector. By 2002, Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002 ...
After discovery of oil in the Assam state of India in late 1880s, the first oil refinery was set up at Digboi. Digboi Refinery was commissioned in 1901. [1] Following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, [2] arranged in decreasing order of their capacity.
Since that discovery Reliance and others have joined the exploration effort. 14 trillion cubic feet (0.4 trillion cubic metre) of gas by Reliance Industries in KG-DWN-98/l (KG-D6) in 2006. [2] 1,800 metre (6,000 feet) below the sea floor. [3] 20 trillion cubic feet (5.7 × 10 11 m 3) of gas by Gujarat State Petroleum Corporation in June 2005. [4]
In June 2002, the Government of India as a part of its disinvestment programme divested 26% of its equity shares in favour of Reliance Petroinvestments Limited (RPIL), a Reliance Group Company. RPIL acquired an additional 20% equity shares through a cash offer in terms of SEBI (Takeover Regulations) and held 46% of Company's equity shares.
Despite the dependence on imports, India has developed sufficient processing capacity over the years to produce different petroleum products. As result, India is a net exporter of petroleum products. The export of petroleum products increased from 38.94 Mt in 2008–09 to 56.76 Mt during 2020–21. [15]