Reliance Industries inches up as its JV inks pact with Nexus Malls
Reliance Industries is currently trading at Rs. 2508.70, up by 3.50 points or 0.14% from its previous closing of Rs. 2505.20 on the BSE.
The scrip opened at Rs. 2520.00 and has touched a high and low of Rs. 2520.00 and Rs. 2484.00 respectively. So far 36610 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. 2016.60 on 28-Jul-2021.
Last one week high and low of the scrip stood at Rs. 2624.45 and Rs. 2484.00 respectively. The current market cap of the company is Rs. 1695016.82 crore.
The promoters holding in the company stood at 50.66%, while Institutions and Non-Institutions held 38.63% and 10.71% respectively.
Nexus Malls has partnered with Jio-bp, a fuel, and mobility joint venture between Reliance Industries and bp, for the rollout of EV charging stations and battery swapping stations across its portfolio of 17 malls in 13 cities. As part of this partnership, Nexus malls will be installed with 24x7 charging infrastructure for two and four-wheeler EVs.
In the first phase, these charging stations will be available at Nexus malls in Navi Mumbai, Bengaluru, Hyderabad, Pune and Ahmedabad from June 2022. Jio-bp is creating an ecosystem that will benefit all the stakeholders in the EV value chain and last year, the company constructed and launched two of India's largest EV charging hubs. To accelerate EV adoption, Nexus will encourage the company's customers to charge vehicles at their malls amongst other environmentally conscious initiatives.
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.
