Reliance Industries inches up as its arm aims to bring Kolkata under 5G service coverage by June 2023
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Reliance Industries is currently trading at Rs. 2597.55, up by 5.70 points or 0.22% from its previous closing of Rs. 2591.85 on the BSE.
The scrip opened at Rs. 2586.00 and has touched a high and low of Rs. 2606.10 and Rs. 2581.35 respectively. So far 5176 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. 2642.65 and Rs. 2581.20 respectively. The current market cap of the company is Rs. 1753644.16 crore.
The promoters holding in the company stood at 50.57%, while Institutions and Non-Institutions held 38.65% and 10.78% respectively.
Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) is aiming to bring major parts of Kolkata under its 5G service by December of this year and the work will be completed by June 2023. The high speed data services will be launched in Siliguri soon and the north Bengal city will be second in the state after Kolkata where the company will offer its 5G services. The 5G launch in Siliguri will be part of the December 2023 dateline for complete coverage rollout by the company in the country. In Kolkata, the coverage is currently being ramped up on a daily basis. Major parts of the city will be covered within December and it will be completed by June 2023.
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.
