ITV

Tag: RIL

  • Reliance Jio declares readiness for 4G launch; imports IPTV STBs

    Reliance Jio declares readiness for 4G launch; imports IPTV STBs

    MUMBAI: The Reliance Jio juggernaut is getting ready to enter the next phase. According to the Q1 2017 presentation Reliance Industries Ltd (RIL) made to investors over the weekend, Relaince Jio’s Preview Offer for its 4G LTE services tests phase is doing very well.

    Reliance Jio officials announced that the company is ready to roll them out nationally, apart from four circles (these will take six to eight weeks) which were awarded to it on 6 July.

    It said that its network is available over 18,000 cities and more than 200,000 villages in the 2300 MHz/1800 MHz band.

    The company stated that its JioLyf Preview Offer is now being expanded and has attracted 1.5 million plus users to it. Each subscriber is consuming 26GB and speaking for about 355 minutes each month.

    Reliance Jio revealed that there has been a strong uptake of all the services it has been offering, considering the humungous data consumption. Among the ones that are popular is Jio Play offering 300+ channel (30 of them HD) across 15 languages in 10 genres, offering seven day catch up TV with pause and play and personalization features. The others that are gaining in popularity are JioOnDemand, (100,000 hours of HD-ad free movies and trailers), JioBeats (million plus songs in 20 different languages), JioXpresNews (500 plus content publishers) and JioMags (5,000 magazine plus issues across 15 categories and 10 languages).

    According to the RIL presentation, the company has set up a 100,000 strong retailer base to sell its LYF devices, which include Flame, Wind, Water and Earth priced between Rs 2,999 and 19,999. Another 500,000 outlets for SIM and recharge sales have been signed up.

    Last week Reliance Jio extended its Preview Offer to select Samsung Galaxy Phone users and it is now expected to allow IPhone 6, and 6S users to be able to sign up for it too by next week.

    Observers expect Reliance Jio to levy a data usage fee much lower than the 0.5 p per 10 kb – that has been talked about so far – when it launches. A commercial launch date that is being talked about is 15 August.

    Additionally Reliance Jio has also imported 15,000 IPTV set top boxes from Vietnam earlier this month, according to reports.

    The boxes reportedly have a price tag of Rs 5,500 and are an indicator that the company is possibly readying to introduce its fibre to the home services (FTTH) and could start delivering IPTV to customers in the not too distand future. All that subscribers have to do is download the JioPlay and JioOnDemand Apps to tune into content that could rival that offered by many other cable operators and DTH operators. Reliance Jio already has a national MSO licence. Pricing plans have not been revealed as yet, but expect them to be competitive.

    RIL reported a turnover of Rs 71,451 crore with a net profit of Rs 7,113 crore. in Q12017.

  • Reliance Jio declares readiness for 4G launch; imports IPTV STBs

    Reliance Jio declares readiness for 4G launch; imports IPTV STBs

    MUMBAI: The Reliance Jio juggernaut is getting ready to enter the next phase. According to the Q1 2017 presentation Reliance Industries Ltd (RIL) made to investors over the weekend, Relaince Jio’s Preview Offer for its 4G LTE services tests phase is doing very well.

    Reliance Jio officials announced that the company is ready to roll them out nationally, apart from four circles (these will take six to eight weeks) which were awarded to it on 6 July.

    It said that its network is available over 18,000 cities and more than 200,000 villages in the 2300 MHz/1800 MHz band.

    The company stated that its JioLyf Preview Offer is now being expanded and has attracted 1.5 million plus users to it. Each subscriber is consuming 26GB and speaking for about 355 minutes each month.

    Reliance Jio revealed that there has been a strong uptake of all the services it has been offering, considering the humungous data consumption. Among the ones that are popular is Jio Play offering 300+ channel (30 of them HD) across 15 languages in 10 genres, offering seven day catch up TV with pause and play and personalization features. The others that are gaining in popularity are JioOnDemand, (100,000 hours of HD-ad free movies and trailers), JioBeats (million plus songs in 20 different languages), JioXpresNews (500 plus content publishers) and JioMags (5,000 magazine plus issues across 15 categories and 10 languages).

    According to the RIL presentation, the company has set up a 100,000 strong retailer base to sell its LYF devices, which include Flame, Wind, Water and Earth priced between Rs 2,999 and 19,999. Another 500,000 outlets for SIM and recharge sales have been signed up.

    Last week Reliance Jio extended its Preview Offer to select Samsung Galaxy Phone users and it is now expected to allow IPhone 6, and 6S users to be able to sign up for it too by next week.

    Observers expect Reliance Jio to levy a data usage fee much lower than the 0.5 p per 10 kb – that has been talked about so far – when it launches. A commercial launch date that is being talked about is 15 August.

    Additionally Reliance Jio has also imported 15,000 IPTV set top boxes from Vietnam earlier this month, according to reports.

    The boxes reportedly have a price tag of Rs 5,500 and are an indicator that the company is possibly readying to introduce its fibre to the home services (FTTH) and could start delivering IPTV to customers in the not too distand future. All that subscribers have to do is download the JioPlay and JioOnDemand Apps to tune into content that could rival that offered by many other cable operators and DTH operators. Reliance Jio already has a national MSO licence. Pricing plans have not been revealed as yet, but expect them to be competitive.

    RIL reported a turnover of Rs 71,451 crore with a net profit of Rs 7,113 crore. in Q12017.

  • Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    BENGALURU: The Mukesh Dhirubhai Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 June 2106 (Q1-17, current quarter). RIL’s organised retail segment contributes to less than 1 percent to gross revenues and yet, in terms of sheer numbers is bigger than most of other major players in the organised retail space in India. 

    Reliance Retail revenue for Q1-17 grew 45.8 percent year-over-year (y-o-y) to Rs 6,666 crore from Rs 4,572 crore in the corresponding year ago quarter (Q1-16). Quarter-over-quarter (q-o-q), the retail segment’s revenue also grew at double digits – a remarkable 18.6 percent from Rs 5,646 crore in the immediate trailing quarter (Q4-16). RIL says that the increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    Reliance Retail reported segment EBIT (Earnings before interest and taxes) of Rs 148 crore (2.2 percent EBIT margin), 31 percent higher y-o-y as compared to Rs 113 crore (2.5 percent EBIT margin) and 15.6 percent higher q-o-q than Rs 128 crore (2.3 percent EBIT margin).

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, extended its trial services to all LYF devices users under the Jio LYF preview offer. (LYF is the mobile handset brand of Reliance Retail) This has enabled testing of all the services to customers outside the initial set of test users. RJIL now has over 15 lakh test users on its network claims an RIL release. The average monthly consumption per user is in excess of 26 GB and is increasing rapidly. Average voice usage per month is over 355 minutes. The test program will be progressively upgraded into commercial operations in coming months says RIL.

    RIL chairman and managing director Mukesh Ambani said, “At Reliance Jio, we have built an entire ecosystem that will allow Indians to live the digital life to the fullest. This transformational ecosystem consists of broadband connectivity, devices and powerful applications and services which will be available to every consumer in India.”

    RIL numbers

    For Q1-17, RIL achieved a turnover of Rs 71,451 crore ($ 10.6 billion), a decrease of 13.4 percent, as compared to Rs 82,509 crore in the corresponding period of the previous year. The company says that decline in revenue was led by the 26 percent y-o-y decline in benchmark (Brent) oil price which averaged at $ 45.6/bbl (bbl is oil barrel) in Q1-17 as compared to $ 61.9/bbl in the corresponding period of the previous year. Impact of lower prices was partially offset by higher volumes in refining and petrochemicals segments.

    Profit after tax including exceptional items was higher by 18.1 percent at Rs 7,113 crore ($ 1.1 billion) as against Rs 6,024 crore in the corresponding period of the previous year.

    Said Ambani, ““At Reliance, we continued to harness the power of our integrated energy and materials business portfolio. We maintained our earnings growth trajectory during this quarter, as the world grappled with new dimensions of economic uncertainty. Though regional refining margins trended downwards, our high-conversion refining system was able to take advantage of higher margins on middle distillates and wider discounts on sour crude oils. Our refining business delivered another record performance and achieved industry leading GRM (gross refining margin). Our petrochemicals business has a wide product portfolio, superior feedstock linkages and serves high-growth end-markets in India. As a result, we achieved yet another quarter of margin expansion in petrochemicals business and delivered EBIT growth of more than 20.5 percent y-o-y.”

  • Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    Q1-17: Reliance Retail revenue up 46 percent; Jio subscriber base is 15 lakh

    BENGALURU: The Mukesh Dhirubhai Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter ended 30 June 2106 (Q1-17, current quarter). RIL’s organised retail segment contributes to less than 1 percent to gross revenues and yet, in terms of sheer numbers is bigger than most of other major players in the organised retail space in India. 

    Reliance Retail revenue for Q1-17 grew 45.8 percent year-over-year (y-o-y) to Rs 6,666 crore from Rs 4,572 crore in the corresponding year ago quarter (Q1-16). Quarter-over-quarter (q-o-q), the retail segment’s revenue also grew at double digits – a remarkable 18.6 percent from Rs 5,646 crore in the immediate trailing quarter (Q4-16). RIL says that the increase in turnover was led by growth in digital, fashion & lifestyle and petroleum products.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    Reliance Retail reported segment EBIT (Earnings before interest and taxes) of Rs 148 crore (2.2 percent EBIT margin), 31 percent higher y-o-y as compared to Rs 113 crore (2.5 percent EBIT margin) and 15.6 percent higher q-o-q than Rs 128 crore (2.3 percent EBIT margin).

    Reliance Jio Infocomm Limited (RJIL), a subsidiary of RIL, extended its trial services to all LYF devices users under the Jio LYF preview offer. (LYF is the mobile handset brand of Reliance Retail) This has enabled testing of all the services to customers outside the initial set of test users. RJIL now has over 15 lakh test users on its network claims an RIL release. The average monthly consumption per user is in excess of 26 GB and is increasing rapidly. Average voice usage per month is over 355 minutes. The test program will be progressively upgraded into commercial operations in coming months says RIL.

    RIL chairman and managing director Mukesh Ambani said, “At Reliance Jio, we have built an entire ecosystem that will allow Indians to live the digital life to the fullest. This transformational ecosystem consists of broadband connectivity, devices and powerful applications and services which will be available to every consumer in India.”

    RIL numbers

    For Q1-17, RIL achieved a turnover of Rs 71,451 crore ($ 10.6 billion), a decrease of 13.4 percent, as compared to Rs 82,509 crore in the corresponding period of the previous year. The company says that decline in revenue was led by the 26 percent y-o-y decline in benchmark (Brent) oil price which averaged at $ 45.6/bbl (bbl is oil barrel) in Q1-17 as compared to $ 61.9/bbl in the corresponding period of the previous year. Impact of lower prices was partially offset by higher volumes in refining and petrochemicals segments.

    Profit after tax including exceptional items was higher by 18.1 percent at Rs 7,113 crore ($ 1.1 billion) as against Rs 6,024 crore in the corresponding period of the previous year.

    Said Ambani, ““At Reliance, we continued to harness the power of our integrated energy and materials business portfolio. We maintained our earnings growth trajectory during this quarter, as the world grappled with new dimensions of economic uncertainty. Though regional refining margins trended downwards, our high-conversion refining system was able to take advantage of higher margins on middle distillates and wider discounts on sour crude oils. Our refining business delivered another record performance and achieved industry leading GRM (gross refining margin). Our petrochemicals business has a wide product portfolio, superior feedstock linkages and serves high-growth end-markets in India. As a result, we achieved yet another quarter of margin expansion in petrochemicals business and delivered EBIT growth of more than 20.5 percent y-o-y.”

  • RIL innovates; to live stream Q1-2016-17 results on FB, Youtube, Periscope

    RIL innovates; to live stream Q1-2016-17 results on FB, Youtube, Periscope

    MUMBAI: When you are a company that generates Rs 1,000 crore a day in revenue, you have to do things in style right? We are referring to the Mukesh Ambani group company Reliance Industries Ltd (RIL).

    It is touting a first for a global company as it gets ready to stream live its CFO’s Alok Agarwal’s analysis of its Q1-2016-17 results from a single axis (read a camera) over Youtube, Twitter’s Periscope and Facebook Live today. In most cases in the past, companies have streamed an event live on one of the three platforms but using different cameras.

    Says a company official: “Three cameras means three different angles for three different platforms. And an individual can look at only one camera at a time which means that somewhere or the other it appears as though he is not addressing people.”

    Apparently, RIL has technically innovated to have one video out from a single camera and distributing it to the three outlets with the help of a switcher.

    The test signal of the feed was seen on the verified Facebook page of RIL president and media director Umesh Upadhyay, the company’s Twitter feed called @FlameOfTruth and its YouTube landing, @flameoftruth2014.

    The company had streamed its results announcement live on Facebook in January 2016 with Agarwal holding forth on its Q3 2015-16 results. It then added Periscope to communicate its Q4 2015-2016 results.

    Now it has taken the step to simulcast the live stream on all the three digital platforms for its Q1 2016-2017 financials.

    “We are where the sophisticated consumer of media and stakeholders are, spread across different geographies and time zones ” an RIL official confirmed, requesting not to be named.

    A promo announcing this LIVE feed has already attracted 4.14 lakh reach, 1.03 lakh views, 2,300 likes on Facebook alone.

    RIL has more than 3 million shareholders. Even if 10 per cent of them log onto the live stream, that will be equal to the audiences that some TV shows get.

    Now if cable TV operators choose to stream this to their subscribers that could mean even more reach for RIL.

    YouTube: https://www.youtube.com/user/flameoftruth2014

    Facebook: https://www.facebook.com/RelianceIndustriesLimited/

    Twitter: https://twitter.com/flameoftruth

  • RIL innovates; to live stream Q1-2016-17 results on FB, Youtube, Periscope

    RIL innovates; to live stream Q1-2016-17 results on FB, Youtube, Periscope

    MUMBAI: When you are a company that generates Rs 1,000 crore a day in revenue, you have to do things in style right? We are referring to the Mukesh Ambani group company Reliance Industries Ltd (RIL).

    It is touting a first for a global company as it gets ready to stream live its CFO’s Alok Agarwal’s analysis of its Q1-2016-17 results from a single axis (read a camera) over Youtube, Twitter’s Periscope and Facebook Live today. In most cases in the past, companies have streamed an event live on one of the three platforms but using different cameras.

    Says a company official: “Three cameras means three different angles for three different platforms. And an individual can look at only one camera at a time which means that somewhere or the other it appears as though he is not addressing people.”

    Apparently, RIL has technically innovated to have one video out from a single camera and distributing it to the three outlets with the help of a switcher.

    The test signal of the feed was seen on the verified Facebook page of RIL president and media director Umesh Upadhyay, the company’s Twitter feed called @FlameOfTruth and its YouTube landing, @flameoftruth2014.

    The company had streamed its results announcement live on Facebook in January 2016 with Agarwal holding forth on its Q3 2015-16 results. It then added Periscope to communicate its Q4 2015-2016 results.

    Now it has taken the step to simulcast the live stream on all the three digital platforms for its Q1 2016-2017 financials.

    “We are where the sophisticated consumer of media and stakeholders are, spread across different geographies and time zones ” an RIL official confirmed, requesting not to be named.

    A promo announcing this LIVE feed has already attracted 4.14 lakh reach, 1.03 lakh views, 2,300 likes on Facebook alone.

    RIL has more than 3 million shareholders. Even if 10 per cent of them log onto the live stream, that will be equal to the audiences that some TV shows get.

    Now if cable TV operators choose to stream this to their subscribers that could mean even more reach for RIL.

    YouTube: https://www.youtube.com/user/flameoftruth2014

    Facebook: https://www.facebook.com/RelianceIndustriesLimited/

    Twitter: https://twitter.com/flameoftruth

  • FY-2016: Reliance Retail revenue grows 23%

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter and financial year ended 31 March 2106 (Q4-2016, current quarter, FY-2016, current year)

    Reliance chairman and managing director, Mukesh D. Ambani said, “Reliance Retail continued its path of profitable expansion while maintaining a robust revenue growth of 23 per cent during the year. Looking ahead, we are focused on ensuring a flawless start- up and stabilization of the new growth platforms across our hydrocarbon and consumer businesses. The commercial roll-out of our Jio services this year will digitally enable a billion Indians and propel growth for India and Reliance.”

    Reliance Retail added 624 stores across various store concepts translating into a store opening rate of 12 stores per week denoting the accelerated store opening program which the business has implemented during the year. As on 31st March 2016, Reliance Retail operated 3,245 stores across 532 cities.

    RIL’s organized retail segment reported 22.5 percent growth in revenue at Rs 21,612 crore in FY-2016 as compared to Rs 17,640 crore in FY-2015. The segment reported 21.3 per cent growth in operating result at Rs 508 crore as compared to Rs 417 crore in the previous year. 

    In Q4-2016, the segment reported 20.7 per cent  year-on-year (YoY) growth in revenue at Rs 5,781 crore as compared to Rs 4,788 crore, but a 4.2 per cent quarter-on-quarter (QoQ) decline as compared to Rs 6,042 crore in Q3-2016. The segment operating profit for the current quarter at Rs 131 crore was 26 per cent higher YoY than the Rs104 crore, but 10.9 per cent lower QoQ as compared to Rs147 crore.

    RIL numbers

    RIL achieved a consolidated turnover of Rs 296,091 crore for FY-2016, a decrease of 23.8 per cent, as compared to Rs 388,494 crore in the previous year. The company says that the decline in turnover reflects sharp fall in feedstock and product prices during the year, partially offset by record crude throughput and higher petrochemicals volumes. Profit after tax was higher by 17.2 per cent at Rs 27,630 crore (9.3 per cent margin) as against Rs 23,566 crore (6.1 per cent margin) in the previous year.

    For Q4-2016, RIL achieved a turnover of Rs 64,569 crore, a decrease of 8.9 per cent, as compared to Rs 70,863 crore in the corresponding period of the previous year. Profit after tax including exceptional items was higher by 15.9 per cent at Rs 7,398 crore (11.5 per cent margin) as against Rs 6,381 crore (9 per cent margin) in the corresponding period of the previous year.

    Reliance Jio updates for Q4-2016

    RJIL successfully launched full scale service offerings for the RIL group employees, partners, vendors and associates on a trial basis on 28 December 2015. The company says that over half a million users have been onboarded on the network. The initial feedback is very encouraging and has established smooth operations of all aspects of the network. All the digital applications have also been tested extensively as part of the employee launch program. The average monthly consumption per user is in excess of 18GB within the first month of service and is increasing rapidly. Average voice usage is

    over 250 minutes within the first month. The launch is now being expanded to others in the ecosystem. This test program will be progressively upgraded into commercial operations in coming months.

    RJIL is also creating a multi-terabit capacity international network. RJIL recently announced the launch of a new, state-of-the-art 8,100 km cable system, the Bay of Bengal Gateway (BBG). BBG provides direct connectivity to South East Asia and the Middle East, then onward to Europe, Africa and Far East Asia through seamless interconnection with existing cable systems. RJIL owns and operates the strategically important undersea cable landing facility in Chennai, providing a highspeed, high-capacity, low latency route connecting India to the rest of the world. During the quarter, RJIL has issued and allotted 1,500 crore equity shares of Rs 10 each, at par, to Reliance Industries Limited, its holding company.

    In January 2016, Reliance Jio Infocomm Ltd (RJIL) and Reliance Communications Limited (RCOM) signed agreements for Change in Spectrum Allotment in 800 MHz band across 9 Circles from RCOM to RJIL and for sharing of spectrum in 800 MHz band across 17 Circles. As part of the strategic collaboration, both companies also intend to enter into reciprocal Intra Circle Roaming (ICR) arrangements.

  • FY-2016: Reliance Retail revenue grows 23%

    BENGALURU: The Mukesh D Ambani led Reliance Industries Limited (RIL) organized retail segment – Reliance Retail,  continued its growth momentum and profitability in the quarter and financial year ended 31 March 2106 (Q4-2016, current quarter, FY-2016, current year)

    Reliance chairman and managing director, Mukesh D. Ambani said, “Reliance Retail continued its path of profitable expansion while maintaining a robust revenue growth of 23 per cent during the year. Looking ahead, we are focused on ensuring a flawless start- up and stabilization of the new growth platforms across our hydrocarbon and consumer businesses. The commercial roll-out of our Jio services this year will digitally enable a billion Indians and propel growth for India and Reliance.”

    Reliance Retail added 624 stores across various store concepts translating into a store opening rate of 12 stores per week denoting the accelerated store opening program which the business has implemented during the year. As on 31st March 2016, Reliance Retail operated 3,245 stores across 532 cities.

    RIL’s organized retail segment reported 22.5 percent growth in revenue at Rs 21,612 crore in FY-2016 as compared to Rs 17,640 crore in FY-2015. The segment reported 21.3 per cent growth in operating result at Rs 508 crore as compared to Rs 417 crore in the previous year. 

    In Q4-2016, the segment reported 20.7 per cent  year-on-year (YoY) growth in revenue at Rs 5,781 crore as compared to Rs 4,788 crore, but a 4.2 per cent quarter-on-quarter (QoQ) decline as compared to Rs 6,042 crore in Q3-2016. The segment operating profit for the current quarter at Rs 131 crore was 26 per cent higher YoY than the Rs104 crore, but 10.9 per cent lower QoQ as compared to Rs147 crore.

    RIL numbers

    RIL achieved a consolidated turnover of Rs 296,091 crore for FY-2016, a decrease of 23.8 per cent, as compared to Rs 388,494 crore in the previous year. The company says that the decline in turnover reflects sharp fall in feedstock and product prices during the year, partially offset by record crude throughput and higher petrochemicals volumes. Profit after tax was higher by 17.2 per cent at Rs 27,630 crore (9.3 per cent margin) as against Rs 23,566 crore (6.1 per cent margin) in the previous year.

    For Q4-2016, RIL achieved a turnover of Rs 64,569 crore, a decrease of 8.9 per cent, as compared to Rs 70,863 crore in the corresponding period of the previous year. Profit after tax including exceptional items was higher by 15.9 per cent at Rs 7,398 crore (11.5 per cent margin) as against Rs 6,381 crore (9 per cent margin) in the corresponding period of the previous year.

    Reliance Jio updates for Q4-2016

    RJIL successfully launched full scale service offerings for the RIL group employees, partners, vendors and associates on a trial basis on 28 December 2015. The company says that over half a million users have been onboarded on the network. The initial feedback is very encouraging and has established smooth operations of all aspects of the network. All the digital applications have also been tested extensively as part of the employee launch program. The average monthly consumption per user is in excess of 18GB within the first month of service and is increasing rapidly. Average voice usage is

    over 250 minutes within the first month. The launch is now being expanded to others in the ecosystem. This test program will be progressively upgraded into commercial operations in coming months.

    RJIL is also creating a multi-terabit capacity international network. RJIL recently announced the launch of a new, state-of-the-art 8,100 km cable system, the Bay of Bengal Gateway (BBG). BBG provides direct connectivity to South East Asia and the Middle East, then onward to Europe, Africa and Far East Asia through seamless interconnection with existing cable systems. RJIL owns and operates the strategically important undersea cable landing facility in Chennai, providing a highspeed, high-capacity, low latency route connecting India to the rest of the world. During the quarter, RJIL has issued and allotted 1,500 crore equity shares of Rs 10 each, at par, to Reliance Industries Limited, its holding company.

    In January 2016, Reliance Jio Infocomm Ltd (RJIL) and Reliance Communications Limited (RCOM) signed agreements for Change in Spectrum Allotment in 800 MHz band across 9 Circles from RCOM to RJIL and for sharing of spectrum in 800 MHz band across 17 Circles. As part of the strategic collaboration, both companies also intend to enter into reciprocal Intra Circle Roaming (ICR) arrangements.

  • Reliance Extends Recron® SHT Brand To Precot Meridian’s Sewing Threads

    Reliance Extends Recron® SHT Brand To Precot Meridian’s Sewing Threads

    MUMBAI: Reliance Industries Ltd. (RIL), one of the largest manufacturer of synthetic fibre in the world, has signed a co-branding agreement for polyester sewing thread yarn range manufactured by Coimbatore, based Precot Meridian Ltd. (Precot) – a leading yarn manufacturer and exporter of yarn and thread in India.

    As per the agreement, Precot will manufacture grey and coloured polyester sewing thread yarns, using Reliance’s Recron® SHT, the world’s best quality super high tenacity fibre. This yarn will then be sold, cobranded with Recron® SHT.

    The agreement was signed by Ashwin Chandran, Managing Director, Precot Meridian Limited at Coimbatore and Gunjan Sharma, Business Head, Polyester Staple Fibre Business, Reliance Industries Ltd. A memento in recognition of the partnership was also exchanged between the partners.

    While commenting on the agreement Ashwin Chandran said “We have been a consumer of Reliance Polyester Fiber for several years and we are very happy to be a part of this co –branding effort with Reliance Recron® SHT PSF” 

    Mr. Gunjan Sharma said “We are pleased to extend our Recron® SHT brand to Precot as this will ensure standardised high quality products reaching end customers and will help both companies to strengthen growth and customer trust.”

    Apart from branding of the products, RIL will also provide marketing and branding support to Precot to establish Recron® SHT as a leading brand.

    RIL and Precot will jointly conduct research and development work to further enhance Recron® SHT sewing thread’s quality, and will also explore new business opportunities. Reliance will help Precot to reach out to key stakeholders, more importantly spoolers and apparel manufacturers, to create awareness about the benefits of using the standardised quality products.

  • Reliance Extends Recron® SHT Brand To Precot Meridian’s Sewing Threads

    Reliance Extends Recron® SHT Brand To Precot Meridian’s Sewing Threads

    MUMBAI: Reliance Industries Ltd. (RIL), one of the largest manufacturer of synthetic fibre in the world, has signed a co-branding agreement for polyester sewing thread yarn range manufactured by Coimbatore, based Precot Meridian Ltd. (Precot) – a leading yarn manufacturer and exporter of yarn and thread in India.

    As per the agreement, Precot will manufacture grey and coloured polyester sewing thread yarns, using Reliance’s Recron® SHT, the world’s best quality super high tenacity fibre. This yarn will then be sold, cobranded with Recron® SHT.

    The agreement was signed by Ashwin Chandran, Managing Director, Precot Meridian Limited at Coimbatore and Gunjan Sharma, Business Head, Polyester Staple Fibre Business, Reliance Industries Ltd. A memento in recognition of the partnership was also exchanged between the partners.

    While commenting on the agreement Ashwin Chandran said “We have been a consumer of Reliance Polyester Fiber for several years and we are very happy to be a part of this co –branding effort with Reliance Recron® SHT PSF” 

    Mr. Gunjan Sharma said “We are pleased to extend our Recron® SHT brand to Precot as this will ensure standardised high quality products reaching end customers and will help both companies to strengthen growth and customer trust.”

    Apart from branding of the products, RIL will also provide marketing and branding support to Precot to establish Recron® SHT as a leading brand.

    RIL and Precot will jointly conduct research and development work to further enhance Recron® SHT sewing thread’s quality, and will also explore new business opportunities. Reliance will help Precot to reach out to key stakeholders, more importantly spoolers and apparel manufacturers, to create awareness about the benefits of using the standardised quality products.