Dec 21, 2012, 03.35 PM IST | Source: Reuters

RIL to restart crude unit in 1-2 days after fire

Reliance Industries will restart a crude distillation unit one to two days after a fire at its older, 660,000 barrels-per-day (bpd) refinery in Jamnagar, a company spokesman said on Friday.

RIL to restart crude unit in 1-2 days after fire

Reliance Industries will restart a crude distillation unit one to two days after a fire at its older, 660,000 barrels-per-day (bpd) refinery in Jamnagar, a company spokesman said on Friday.

The fire broke out during maintenance on the unit, which was shut at the time, said Reliance spokesman Tushar Pania said.

Pania said the fire was minor and was contained immediately.

The company is still investigating the cause of the fire, he said, without providing details of the unit's capacity.

No firm dates have been set yet for a separate planned maintenance at Reliance's newer 580,000 bpd Jamnagar refining complex in January, Pania said.

The company is planning to shut a 13.5 metric tonnes per annum (270,000 bpd) crude distillation unit for about 40 days in January, industry sources have said.

It is also planning to shut a 6.5 mmtpa vacuum gasoil hydrotreater unit, one of the sources said.

Reliance stock price

On April 17, 2014, Reliance Industries closed at Rs 954.00, up Rs 12.95, or 1.38 percent. The 52-week high of the share was Rs 972.90 and the 52-week low was Rs 765.00.


The company's trailing 12-month (TTM) EPS was at Rs 67.89 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 14.05. The latest book value of the company is Rs 556.90 per share. At current value, the price-to-book value of the company is 1.71.

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