RIL shuts secondary unit for planned maintenance

Written By Unknown on Senin, 25 November 2013 | 16.02

Reliance Industries (RIL) has shut a secondary unit for planned maintenance at its 580,000 barrels per day (bpd) Jamnagar refinery, part of the world's largest refining complex, industry sources said on Monday.

It shut a desulphuriser unit around two or three days ago for planned maintenance on heat exchangers, two of the sources said. The capacity of the unit was not immediately clear.

The unit, which removes sulphur to produce fuels such as diesel, is expected to be back online in one to two weeks, the sources said.

Also Read: RIL to give $135mn bank guarantee for higher gas price

The move is unlikely to affect exports of oil products as the company's other facilities can make up for any shortfall, one of the sources said.

Reliance operates another refinery in Jamnagar, in Gujarat, with a capacity of 660,000 bpd.

A Reliance spokesman could not immediately be reached for comment.


Reliance stock price

On November 25, 2013, at 14:25 hrs Reliance Industries was quoting at Rs 850.15, up Rs 6.25, or 0.74 percent. The 52-week high of the share was Rs 954.80 and the 52-week low was Rs 765.00.


The company's trailing 12-month (TTM) EPS was at Rs 67.88 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 12.52. The latest book value of the company is Rs 557.10 per share. At current value, the price-to-book value of the company is 1.53.


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