Net profit of Reliance Industries declined 5.45% to Rs 15138.00 crore in the quarter ended June 2024 as against Rs 16011.00 crore during the previous quarter ended June 2023. Sales rose 11.67% to Rs 231784.00 crore in the quarter ended June 2024 as against Rs 207559.00 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales231784.00207559.00 12 OPM %16.7218.35 - PBDT36830.0036069.00 2 PBT23234.0024294.00 -4 NP15138.0016011.00 -5 Powered by Capital Market - Live News

Reliance Industries will hold a meeting of the Board of Directors of the Company on 19 July 2024.Powered by Capital Market - Live News

Reliance Industries (RIL) had entered into MOU with the Government of Maharashtra in February 2018 to develop a Global Economic Hub consisting of world-class integrated digital and services industrial area with global partnerships. Further to this, RIL`s wholly owned subsidiaries have completed the registration of sub-lease deeds for about 3,750 acres of land along with the associated development rights for a period of 43 years for an aggregate consideration of Rs. 13,400 crore from Navi Mumbai IIA, in which CIDCO holds 26%. The sub-leased land has to be used for development of an integrated industrial area in terms of Maharashtra Industrial Policy, 2013. RIL has proven track record of developing large integrated industrial complexes at Hazira, Jamnagar and Dahej, fast growing integrated smart city in Jhajjar district of Haryana, a state-of-the-art convention centre and modern office space at Bandra-Kurla Complex, Mumbai. Powered by Capital Market - Live News

Nel Hydrogen Electrolyser AS, a fully owned subsidiary of NelASA (Nel, OSE:NEL) has entered into a technology licensing agreement with Reliance Industries (RIL). The agreement provides RIL with an exclusive license for Nel`s alkaline electrolysers in India and also allows RIL to manufacture Nel`s alkaline electrolysers for captive purposes globally. Through the agreement, Reliance gets access to Nel`s leading, proven technology platform for manufacturing electrolysers. RIL has successfully built multiple businesses of truly global scale. This partnership of Nel`s robust technology platform with RIL`s execution prowess - will further add to the success story for both partners.Both partners will also collaborate on future performance improvements and cost optimization through research and development (R&D), value engineering, standardization and modularization to improve the competitiveness of the alkaline technology platform.According to the agreement, Nel can procure equipment from Reliance for its own projects. Nel will continue to serve the Indian market with technology platforms that are not covered by the agreement. Powered by Capital Market - Live News

Reliance Industries has acquired 100% stake in Reliance Chemicals and Materials (RCML) from Reliance Projects & Property Management Services (RPPMSL) for an aggregate consideration of Rs 314.48 crore. RCML was incorporated in India on 02 November 2022 to undertake business of manufacturing of petrochemicals, Vinyls, Hydrogen & its derivatives, Rare & Industrial gases, Bio energy products & carbon fibre. Powered by Capital Market - Live News