The company was incorporated on 29th September, 1988 as a Public
Limited company and Certificate of Commencement of business was
obtained on 4th January, 1989. The immediate object of the company is
to undertake a project for the laying of two cross country pipelines
from Bharat Petroleum Corporation Ltd.'s (BPCL) Refinery at Chembur
in Bombay, Maharashtra to Reliance Industries Limited (RIL)
Petrochemicals complex at Patalganga also in Maharashtra to transport
petroleum feedstock from BPCL for the exclusive use of RIL.
The pipelines would be owned, maintained and operated by the company
under an agreement entered into with RELIANCE Industries Limited
(RIL). The pipelines would be used for transport of their petroleum
feedstock.
At a later stage subject to necessary approvals, the company also
proposes to undertake similar projects of creating infrastructure to
service industries.
BACKGROUND OF
PROMOTERS
The company has been
promoted by Shri Satyapal Jain and associates. Shri Satypal Jain has
over 12 years of experience in the iron and steel industry besides
transport business. He is at present the Managing Director of Comet
Steels Limited and a Director on the Board of Sipta Coated Steels
Ltd.
2002
- The Board has recommended a dividend of Rs.3.20 per equity share on
the paid up capital of Rs.15.10 crs.
2003
- The Board has recommended a dividend of Rs 3.20 per equity share
(32%) for the year ended March 31, 2003.
2005
- Mukesh Ambani group to utilise RIIL for funding major
companies.
2011
-The Board has recommended a Dividend of Rs. 3.50 per Equity Share of
Rs. 10/- each on the Paid-up Capital of Rs. 15.10
crores.
2012
- The Board has recommended a Dividend of Rs. 3.50 per Equity Share
of Rs. 10/- each on the Paid-up Capital of Rs. 15.10
crores.
2013
-Reliance Industrial Infrastructure Ltd has recommended a normal
Dividend of Rs. 3.50 per Equity Share.
2014
-Reliance Industrial Infrastructure Ltd has recommended a normal
Dividend of Rs. 3.50 per Equity Share.
