Rising prices a boon for RIL-BP gas business
The price ceiling of natural gas from RIL-BP's KG Basin would increase to $10 per mmBtu from $6.13 per mmBtu.
The price ceiling of natural gas from RIL-BP's KG Basin would increase to $10 per mmBtu from $6.13 per mmBtu.
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
The new JV in which 51% will be owned by Mukesh Ambani-led RIL will build a pan-India fuel retail service station network and also sell aviation fuel to airliners.
Be it to monetise assets or acquire new technology, Reliance Industries is more than willing to work with new partners across businesses.