Reliance finds more gas off east coast

Reliance Industries Ltd said on Tuesday it had discovered more gas in an exploration block off the country's east coast.

The company, which holds 90 percent stake in NEC-25 block in the Mahanadi basin, did not give details such as the flow rate of the gas find.

Last month, Reliance said it would invest $1.14 billion to produce 35-40 million cubic metres of gas per day from earlier discoveries in the same block.

Reliance, which has made many gas discoveries off the east coast, is separately investing $8.7 billion in its deep-sea fields in the Krishna Godavari basin, south of the NEC-25 block, and aims to produce up to 80 million cubic metres of gas per day in the second half of 2008/09.

Ahead of the announcement shares in Reliance, India's largest listed firm with a market value of $97 billion, ended nearly 1 percent up at 2,575.75 rupees in line with the Mumbai market .

(Reporting by Hiral Vora; Editing by Ranjit Gangadharan)
http://www.reuters.com

Reliance Retail to pump in $6 b

NEW DELHI: Moving aggressively to make the best of the retail revolution unfolding in the country, Mukesh Ambani-owned Reliance Retail Limited (RRL) on Thursday announced that it will be investing $6 billion to open around 300-400 hyper mart stores by 2010.

Sources in the company said that Reliance had already launched nearly ten formats of retail trade and was now turning its attention towards consolidating its position to meet the challenges likely to emerge from the tie-ups in the industry with multinational companies. Reliance Retail will be opening around 40-80 Reliance Marts and Reliance Hyper stores in various cities and it hopes to be present in every State with this concept by 2010. Each store will entail an investment of Rs. 40-70 crore and will be spread over 1-3 lakh sq. ft. Reliance has launched its ‘Reliance Mart’ in Jamnagar.

The major highlight of this mart is the opening of Reliance Auto Zone that will provide services such as maintenance and repair of cars and three-wheelers. Sources said this could be later expanded to opening up if business fir second-hand value brand cars.

Sujay Mehdudia
http://www.hindu.com/2008/02/01/stories/2008020155641900.htm

List of Reliance Subsidiaries

There is a tremendous hidden value locked in the Reliance Stock , I am listing the subsidiaries of Reliance Industries Ltd, some day these stock would be traded on the bourses of Indian Stock Market . The rest is left for the imaginination, What is the value of Reliance ??? !!!

 Reliance Petroleum Limited (Listed)
 Reliance Netherlands BV (including Trevira)
 Reliance Retail Limited
 Ranger Farms Limited
 Retail Concepts and Services (India) Private Limited
 Reliance Retail Insurance Broking Limited
 Reliance Dairy Foods Limited
 Reliance Retail Finance Limited
 RESQ Limited
 Reliance Jamnagar Infrastructure Limited
 Reliance Haryana SEZ Limited
 Reliance Industrial Investment & Holdings Limited
 Reliance Ventures Limited
 Reliance Strategic Investments Limited
 Reliance Exploration & Production - DMCC
 Reliance Industries (Middle East) DMCC
 Reliance Global Management Services (P) Limited