Analysts will watch out for more clarity on the Rs 75,000-crore investment in the new energy business, growth in retail store additions and pricing in the telecom business
The memorandum of understanding (MoU) was inked on April 26, the company said in a statement.
The government has issued a new draft hydrocarbon policy under which blocks will be awarded on the basis of a simpler revenue-sharing model versus the earlier profit-sharing model.
Speaking to CNBC-TV18, Ex-ONGC head, RS Sharma said the development is a big negative and the government will have to work to revive formulation in order to promote the exploration and production (E&P) sector.
As CEO-E&P, he would be responsible for Essar's entire E&P business, which includes 15 blocks and fields in various stages of exploration and production in India, Indonesia, Madagascar, Nigeria and Vietnam, the company said in a statement here.
Energy expert Narendra Taneja says that results from Reliance's quarterly performances were in line with the expectations. But, the E&P business will improve, going forward and petchem sector needs to pick up.
Rajat Rajgharia of Motilal Oswal Securities says, the traffic growth was a positive surprise for telecom stocks and one can stay invested in Idea Cellular.
Reliance Industries (RIL) surprised the street by reporting better-than-expected December quarter numbers, boosted by higher gross refining margins (GRMs) and good show from its petchem segment.The company posted a net profit of Rs 5502 crore against the CNBC-TV18 poll estimate of Rs 5060 crore
Devang Mehta, vice president and head of equity, Anand Rathi Financial Services, joins CNBC-TV18 to opine about earnings season and give his outlook of the market today.
The CBI may ask Oil Ministry to appoint an expert to assist it in understanding transactions surrounding Reliance Industries' crown jewel KG-D6 fields, where the company has shown a phenomenal increase in cost of producing gas.