{"id":362991,"date":"2020-07-16T10:55:47","date_gmt":"2020-07-16T05:25:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362991"},"modified":"2020-07-16T10:55:47","modified_gmt":"2020-07-16T05:25:47","slug":"despite-key-announcements-ril-tanks-6-on-delay-in-aramco-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/despite-key-announcements-ril-tanks-6-on-delay-in-aramco-deal\/","title":{"rendered":"Despite key announcements, RIL tanks 6% on delay in Aramco deal"},"content":{"rendered":"<p>MUMBAI : Shares of Reliance Industries Ltd fell (RIL) as much as 6.18% on Wednesday after hitting a record \u20b91,978.50 earlier in the day, as a delay in the deal with Saudi Aramco dampened the excitement from a series of announcements. The RIL stock closed at \u20b91,845.60, down \u20b971.05 or 3.71%, on the BSE.<\/p>\n<p>Addressing the annual general meeting virtually, chairman and managing director Mukesh Ambani said that due to unforeseen developments in the energy sector and the virus outbreak, the $15-billion Saudi Aramco deal has not progressed as per the original timeline.<\/p>\n<p>\u201cLast year, I shared with you the basis of equity investment by Saudi Aramco in our oil-to-chemical business. Due to unforeseen circumstances in the energy market and the covid-19 situation, the deal has not progressed as per the original timeline. Our equity requirements have already been met,&#8221; Ambani said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : Shares of Reliance Industries Ltd fell (RIL) as much as 6.18% on Wednesday after hitting a record \u20b91,978.50 earlier in the day, as a delay in the deal with Saudi Aramco dampened the excitement from a series of announcements. The RIL stock closed at \u20b91,845.60, down \u20b971.05 or 3.71%, on the BSE. Addressing the annual general meeting virtually, chairman and managing director Mukesh Ambani said that due to unforeseen developments in the energy sector and the virus outbreak, the $15-billion Saudi Aramco deal has not progressed as per the original timeline. \u201cLast year, I shared with you the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-362991","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=362991"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362991\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}