Shares of Reliance Industries (RIL) were trading higher in morning deals on Wednesday after the company informed bourses that it is planning to shutdown the Fluidized Catalytic Cracking Unit (FCCU) in the DTA unit of its Jamnagar refinery for routine maintenance & inspection activities from the second week of November 2016 for about 5 weeks. The shutdown will provide an opportunity to carry out a revamp job in one of the Polypropylene units. All the four crude distillation units along with other major secondary processing units are expected to operate at normal throughput.
At 11.03 am, shares of Reliance Industries (RIL) were trading 0.93 per cent up at Rs 1089.30, whereas BSE Sensex was down 53.63 points at 27,997.25.
Promoters hold 45.12 per cent stake in the company, while institutions and non-institutions held 32.69 per cent and 19.25 per cent, respectively.
For the quarter ended June 30, 2016, the company reported a consolidated net profit of Rs 7113 crore, up 18.08 per cent, against Rs 6024 crorer in the corresponding quarter last year.
In the past one year, shares of RIL have risen 12.03 per cent to Rs 1079.30 till October 18, whereas BSE Sensex added 2.51 per cent during the same period.
RIL is an India-based private sector company, with business in energy and materials value chain and in retail and digital services. The Company operates in four segments: refining, petrochemicals, oil & gas and organized retail. The refining segment includes production and marketing operations of the petroleum products.