{"id":638417,"date":"2024-03-14T10:19:40","date_gmt":"2024-03-14T04:49:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=638417"},"modified":"2024-03-14T10:19:40","modified_gmt":"2024-03-14T04:49:40","slug":"reliance-ethane-holding-invests-rs-853-crore-in-subsidiaries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-ethane-holding-invests-rs-853-crore-in-subsidiaries\/","title":{"rendered":"Reliance Ethane Holding invests Rs 853 crore in subsidiaries"},"content":{"rendered":"<p>Reliance Ethane Holding Pte Ltd. (REHPL) a wholly owned subsidiary of oil-to-telecom conglomerate Reliance Industries has invested Rs 284 crore each in three of its subsidiaries&#8211;Ethane Coral LLC, Ethane Diamond LLC, and Ethane Jade LLC&#8211; aggregating to Rs 852.8 crore ($102.90 million).<\/p>\n<p>Ethane LLCs have entered into ship-building contracts (SBCs) to purchase Very Large Ethane Carriers (VLECs) and each Ethane LLC will own a VLEC. VLECs are being acquired for the transportation of Ethane. The investment is made to enable Ethane LLCs to make part payment towards the cost of construction of three VLECs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Ethane Holding Pte Ltd. (REHPL) a wholly owned subsidiary of oil-to-telecom conglomerate Reliance Industries has invested Rs 284 crore each in three of its subsidiaries&#8211;Ethane Coral LLC, Ethane Diamond LLC, and Ethane Jade LLC&#8211; aggregating to Rs 852.8 crore ($102.90 million). Ethane LLCs have entered into ship-building contracts (SBCs) to purchase Very Large Ethane Carriers (VLECs) and each Ethane LLC will own a VLEC. VLECs are being acquired for the transportation of Ethane. The investment is made to enable Ethane LLCs to make part payment towards the cost of construction of three VLECs.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-638417","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/638417","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=638417"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/638417\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=638417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=638417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=638417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}