Tag: RIL

  • Reliance Industries to develop state’s first multi-modal logistics park in Chennai

    By Express News Service

    NEW DELHI: India’s multi modal logistics park (MMPL) spreading over 184.27 acres will be developed by Reliance Industries Limited (RIL) in Chennai. Prime Minister Narendra Modi laid the foundation stone of the project in May.  

    It is estimated to cater to 7.17 Million Metric Tonne (MMT) cargo in a period of 45 years. The government proposed to build 35 MMLPs at strategic locations to enable seamless freight movement across multiple modes, said officials.

    The MMLP at Chennai will be developed in three phases with estimated developer investment of Rs 783 crore. Phase 1 development is targeted within two years; by 2025 leading to commercial operations.

    NEW DELHI: India’s multi modal logistics park (MMPL) spreading over 184.27 acres will be developed by Reliance Industries Limited (RIL) in Chennai. Prime Minister Narendra Modi laid the foundation stone of the project in May.  

    It is estimated to cater to 7.17 Million Metric Tonne (MMT) cargo in a period of 45 years. The government proposed to build 35 MMLPs at strategic locations to enable seamless freight movement across multiple modes, said officials.

    The MMLP at Chennai will be developed in three phases with estimated developer investment of Rs 783 crore. Phase 1 development is targeted within two years; by 2025 leading to commercial operations.

  • Reliance Industries Limited refutes reports of Nita Ambani joining BHU as faculty

    By ANI
    MUMBAI: Reliance Industries Limited on Wednesday said that the news on a proposal to make Reliance Industries Executive Director Nita Ambani a visiting professor at Banaras Hindu University is false.

    Reliance Industries Limited spokesperson told ANI that the news is fake adding that “no proposal or invitation to make her visiting lecturer of BHU has been received” nor has it been extended to Nita Ambani from the university.

    ALSO READ | BHU students oppose proposal to make Nita Ambani as visitng professor

    Several media houses had reported that students staged a demonstration at Banaras Hindu University on Tuesday opposing a proposal to make Nita Ambani a visiting professor. 

  • Vandalism: Reliance Jio to move Punjab & Haryana HC, seeks urgent intervention

    By ANI
    MUMBAI: Reliance Industries Limited (RIL), through its subsidiary Reliance Jio Infocomm Limited, in a petition mentioned to be filed in Punjab and Haryana High Court today, has sought urgent intervention of Government authorities to bring a complete stop to illegal acts of vandalism by miscreants, said RIL.

    These acts of violence have endangered the lives of thousands of its employees and caused damage and disruption to the vital communications infrastructure, sales and service outlets run by its subsidiaries in the two states, RIL said in a media statement.

    The miscreants indulging in vandalism have been instigated and aided by vested interests and our business rivals. Taking advantage of the ongoing farmers’ agitation near the national capital, these vested interests have launched an incessant, malicious and motivated vilification campaign against Reliance, which has absolutely no basis in truth, it said.

    The falsehood of the campaign becomes crystal clear from the following irrefutable facts, which we have placed before the Honourable High Court. These facts establish that Reliance has nothing whatsoever to do with the three farm laws currently debated in the country, and in no way benefits from them. As such, the sole nefarious purpose of linking the name of Reliance to these laws is to harm our businesses and damage our reputation, said RIL.

    “Reliance Retail Limited (RRL), Reliance Jio Infocomm Limited (RJIL), or any other affiliate of our parent company, i.e., Reliance Industries Limited have not done any ‘corporate’ or ‘contract’ farming in the past, and have absolutely no plans to enter this business,” RIL said in its statement.

    Neither Reliance nor any of our subsidiaries has purchased any agricultural land, directly or indirectly, in Punjab/Haryana or anywhere else in India, for the purpose of “corporate” or “contract” farming. We have absolutely no plans to do so, it added.

    Reliance Retail is an unmatched leader in organised retail business in India. It retailsproducts of all categories including food grains and staples, fruits and vegetables, items of daily use, apparels, medicines, electronic products of various brands belonging to independent manufacturers and suppliers in the country. It does not purchase any food grains directly from farmers, according to RIL.

    It has never entered into long-term procurement contracts to gain unfair advantage over farmers or sought that its suppliers buy from farmers at less than remunerative prices, nor will it ever do so.

    “We at Reliance have immense gratitude and the greatest respect for India’s kisans, who are the ‘ANNA DATA’ of 1.3 billion Indians. Reliance and its affiliates are committed to doing everything to enrich and empower them. As customers of their services, we believe in building a strong and equal partnership with Indian farmers on the basis of shared prosperity, inclusive development and an equitable New India,” said RIL.

    Therefore, Reliance and its affiliates fully share and support the aspiration of Indianfarmers to get a fair and profitable price on a predictable basis for what they produce with exemplary hard work, innovation and dedication. Reliance seeks significant augmentation of their incomes on a sustainable basis, and pledges to work towards this goal.

    Indeed, we shall insist on our suppliers to strictly abide by the Minimum Support Price(MSP) mechanism, and/or any other mechanism for a remunerative price for farmproduce, as may be determined and implemented by the government, RIL added.

    Far from hurting the interests of Indian farmers, the businesses of Reliance have actually benefited them and the Indian public at large. 

  • Supreme Court on Ambani’s Z + security – money can afford to protect themselves

    Supreme Court on Tuesday dismissed the plea of Ambani brothers- Mukesh Ambani and Anil Ambani-to withdraw the Z Plus security cover . He also endorsed the Bombay High Court’s remark that high-level security should be given to those who are at risk of life and who are willing to pay for the security. The petitioner had demanded withdrawal of security from the Ambani brothers saying that they were able to arrange their own security at their own expense.

    The Bombay High Court said, ‘It is the responsibility of the state to ensure the rule of law. It also includes providing protection to citizens whose lives are at risk. The revenue of Reliance Industries Limited (RIL) has a major impact on India’s GDP. The danger to the lives of these people cannot be taken lightly.  Senior advocate Mukul Rohatgi, appearing in court on behalf of the Ambani brothers, said that both the industrialist brothers and their family are in danger. He said, “We are paying for the security provided by the government.” On this, the court questioned whether every person who feels the risk of life and who is willing to bear the cost of security, should provide security from the government? The court said, “It is our opinion that if anyone is able to make private individual payments, then the government should provide security to them.” The court said that the government should continue to review the threat and security of someone.