Reliance Industries inches up on bagging order to develop multi-modal logistics park in Tamil Nadu

Reliance Industries is currently trading at Rs. 2638.85, up by 7.50 points or 0.29% from its previous closing of Rs. 2631.35 on the BSE.

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Reliance Industries

The scrip opened at Rs. 2625.00 and has touched a high and low of Rs. 2642.65 and Rs. 2619.20 respectively. So far 4674564 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 2635.00 and Rs. 2563.00 respectively. The current market cap of the company is Rs. 1780369.83 crore.

The promoters holding in the company stood at 50.57%, while Institutions and Non-Institutions held 38.65% and 10.78% respectively.

Reliance Industries (RIL) has been awarded the work to develop the first multi-modal logistics park (MMLP) at Mappedu in Thiruvallur district of Tamil Nadu. MMLP Chennai at Mappedu is being developed in an area of 184.27 acres.

The estimated project cost is Rs 1,424 crore. Total concession period is 45 years. The special purpose vehicle will provide four-lane highway connectivity of 5.4 kilometres with an estimated cost of Rs 104 crore and a new rail siding to the MMLP site of 10.5 kilometre length with an estimated cost of Rs 217 crore. MMLP at Chennai, which is strategically located at 52 kilometres from Chennai Port, 80 kilometres from Ennore Port, and 87 kilometres from Katupalli Airport, will be a focal point of logistics in the southern region.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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