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Reliance Industries is currently trading at Rs. 2605.45, up by 7.85 points or 0.30% from its previous closing of Rs. 2597.60 on the BSE.

The scrip opened at Rs. 2615.00 and has touched a high and low of Rs. 2620.00 and Rs. 2601.00 respectively. So far 31848 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. 2620.00 and Rs. 2565.00 respectively. The current market cap of the company is Rs. 1763928.47 crore.

The promoters holding in the company stood at 50.62%, while Institutions and Non-Institutions held 38.74% and 10.64% respectively.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has received a letter of intent (LoI) for its satellite unit from the Telecom Department for satellite communication services. The LoI was issued to Jio Satellite Communications (JSCL).

The Department of Telecom (DoT) has granted Letter of Intent for global mobile personal communication by satellite (GMPCS) services to the company. With this, the company can set up and operate the GMPCS services in the licensed service areas. The licences are for a period of 20 years (from the date of its grant after fulfilling stipulated conditions). The offering under GMPCS include voice and data services via satellite.

These mobile satellite networks can operate with low-earth orbit (LEO), medium Earth orbit (MEO) and Geosynchronous (GEO) satellites.

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.