Monday 16 December 2013

RIL declines on plans to shut crude distillation unit at Jamnagar refinery for maintenance

Reliance Industries is currently trading at Rs. 847.60, down by -15.75 points or -1.82 % from its previous closing of Rs. 863.35 on the BSE.

The scrip opened at Rs. 860.20 and has touched a high and low of Rs. 861.50 and Rs. 846.00 respectively. So far 219562 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 954.80 on 21-Jan-2013 and a 52 week low of Rs. 765.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 888.00 and Rs. 858.40 respectively. The current market cap of the company is Rs. 274526.77 crore.

The promoters holding in the company stood at 45.31 % while Institutions and Non-Institutions held 29.53 % and 21.74 % respectively.

Reliance Industries (RIL) is reportedly planning to shut its crude distillation unit (CDU) at its 660,000 barrels per day (bpd) Jamnagar refinery for maintenance purpose in early February. Moreover, the maintenance will take around two weeks and the capacity of the unit to be shut was estimated between 320,000 and 330,000 bpd.

Reliance operates two refineries in Jamnagar with a total capacity of 1.24 million bpd, making this one of the world's largest refining complex in a single location.

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