The Board of Directors of Reliance Industries Limited (RIL) has, at its meeting held on Friday based on the recommendation of the Human Resources, Nomination, and Remuneration Committee considered and recommended to the shareholders for approval the appointment of K.V. Kamath as an Independent Director of the Company for a term of five consecutive years with effect from the date of assumption of office.
Reliance New Energy, a wholly owned subsidiary of Reliance Industries, has signed agreements to invest in the US-based perovskite-based solar technology company Caelux Corporation.
Sensex gainers were - Reliance Industries skyrocketing nearly 3% followed by L&T surging 1.5%. Stocks like Bajaj Finserv, Bajaj Auto, M&M, and Bajaj Finance climbed more than 1% each.
Increase in revenue is primarily on account of higher realisations of refining and petrochemical products led by 49 per cent Y-o-Y increase in oil price.
