RIL drops after announcing shutdown
Meanwhile, the S&P BSE Sensex was down 116.20 points, or 0.32% to 35,990.30
On the BSE, 4.51 lakh shares were traded in the counter so far compared with average daily volumes of 3.31 lakh shares in the past two weeks. The stock had hit a high of Rs 1,114 and a low of Rs 1,089.50 so far during the day.
Reliance Industries said that the company is planning to shut down one of the crude distillation units and coker unit of its DTA refinery at Jamnagar for routine maintenance and inspection activities for about four weeks starting from 16 January 2019. The other crude distilliation and secondary processing units are expected to operate normally.
Reliance Industries' (RIL) consolidated net profit rose 17.93% to Rs 9549 crore on 54.11% rise in total income to Rs 144574 crore in Q2 September 2018 over Q2 September 2017.
RIL is India's largest private sector company. RIL's activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
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