Reliance Industries Ltd. (RIL) has scheduled a planned turnaround at its Nagothane manufacturing site. The cracker and some of the downstream units will be shut for approximately four weeks, starting around mid-January 2015.
Reliance Industries Ltd. (RIL) has scheduled a planned turnaround at its Nagothane manufacturing site. The cracker and some of the downstream units will be shut for approximately four weeks, starting around mid-January 2015.
This opportunity will be used to carry out routine maintenance activities and for implementing other profit improvement and energy conservation measures. RIL's crackers and other downstream units at other locations will continue at normal levels of operations.
With advance planning and inventory management, impact on external sales is likely to be minimal.
Disclosure: Network 18, which publishes moneycontrol.com, is part of the Reliance Group.
Reliance stock price
On December 26, 2014, Reliance Industries closed at Rs 889.00, up Rs 2.20, or 0.25 percent. The 52-week high of the share was Rs 1142.50 and the 52-week low was Rs 794.00.
The company's trailing 12-month (TTM) EPS was at Rs 69.65 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 12.76. The latest book value of the company is Rs 609.19 per share. At current value, the price-to-book value of the company is 1.46.
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