Archive for January, 2016

Reliance Gas Pipeline Limited receives Environment Clearance from Government

January 25, 2016

MukeshAmbani-led Reliance Industries’ Reliance Gas Pipeline Limited (RGPL) has received an environment clearance from the Central Government’s green panel. The Union Environment Ministry’s Expert Appraisal Committee (EAC) recommended the clearance in its recent meeting.

Reliance Industries’ Dahej Pipeline Project

The project of RGPL is named as DahejNagothane Ethane Pipeline (DNEPL). Under this project, the company will construct a 486-km long pipeline between Gujarat and Maharashtra, which will be used to transport liquid ethane. Nearly 1.25 million metric tons of ethane will be transported every year from Reliance Industries’ Dahej manufacturing unit to Hazira manufacturing facility, and to Reliance Industries’ Nagothane manufacturing division. The cost of the project will be around INR 1,428 crores.

Both,the GujaratCoastal Regulatory Zone and Maharashtra Coastal Regulatory Zone (CRZ) have given CRZ approval for the project. The project has also received first stage forest clearance for diversion of more than 25-hectares of forest land.

The pipeline will begin from Dahej in Gujarat and end at Nagothane in Maharashtra. Around 256 km of the pipeline will be in Gujarat, while the remaining230 km will be in Maharashtra. 26 km of this will be passing through the ecologically fragile, Dahanu Taluka. Dahanu Taluka Environment Protection Authority (DTEPA) looks after the development activities in that region.

Reliance Industries’ Hospital in Jamnagar

Reliance Industries’ Group President and Rajya Sabha Member of Parliament (MP) from Jharkhand, ParimalNathwaniannounced that Reliance Industries will soon be setting up a hospital in the Jamnagar district of Gujarat.

The collector of the area cleared land in the Moti Khavdi village of Khambhalia. A 40,000 sq. ft. medical center will be constructed there. The hospital will mainly focus on emergency care for accident victims from nearby areas. Nathwani revealed, “Reliance Industries will build, maintain and operate a modern hospital, spread over 40,000 sq. ft., for the villagers of the surrounding area.”

Nathwani thanked the government of Gujarat for giving Reliance Industries a nod for the project. He informed that the Chief Minister, Anandiben Patel inaugurated a veterinary hospital, a day ago. This hospital was also established by Reliance Industries, at Padana village of Jamnagar.

Nathwani said that animal husbandry is a vital source of livelihood for people of Gujarat. This is why Reliance Industries has patronized a number of cow sheds. These cow sheds are located in villages surrounding its Jamnagar refinery unit.

The veterinary hospital is situated on Sir P. N. Road from PadanaPatia to ChangaPatia, which is near the State Highway-25. The hospital is spread across an area of 13,456 sq. ft. It consists of the main building, staff quarters, fodder storage, cattle shed, bio-medical waste room, and stable. There are also residential quarters set up for doctors and paramedical staff. This ensures that the medical facility is available all the time.

Nathwani informed that the hospital will soon introduce a mobile veterinary van. He added that Reliance Industries’ veterinary hospital, established under its Corporate Social Responsibility (CSR) is the first in the area.

Summary

Reliance Gas Pipeline Limited of Reliance Industries received an environment clearance from the Central Government’s green panel for its Dahej pipeline project.

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Reliance JioPlans to Raise INR 15,000 Crores

January 19, 2016

Reliance Jio will soon be raising INR 15,000 crores by issuing rights. The announcement was made in a notice sent to the National Stock Exchange on the 18th of January.

Details of the Notice

The company revealed that the issue will be open to all of its shareholders, primarily those of Reliance Industries. With the approval of a further issue of equity shares, valued at INR 10 each, INR 15,000 crores will be aggregated, on a rights basis, to existing shareholders.

The MukeshAmbani-led company has an INR 1,00,000 crore capex plan by April, when it begins operations. The company has already invested a considerable amount, with the bulk of its INR 85,000 crore expenditure on airwaves across spectrum bands.

Recently, Reliance Jio also revealed that it has entered into an agreement with Reliance Communications that will cost it an estimated INR 4,500 crore. The agreement is focused on buying and sharing of spectrums.

The financial facet of the agreement will have to be executed swiftly, as Rcom will need to secure the spectrum liberalization by Friday, through a payment to the Department of Communications. This spectrum is essential for Jio to finalize its 4G network preparations across the 800MHz band in India.

INR 3,500 crores Raised through Debentures

Reliance Jio has used private placement for the issuance of non-convertible debentures, helping raise INR 3,500 crores. This includes 5 and 10 year debentures, with the redemption dates for them being 21st January, 2020 and 21st January, 2025, respectively. The company also stated that disclosure documents were submitted in July 2015, for 35,000 secured redeemable non-convertible debentures. With a face value of INR 10,00,000 each, this results in the aggregation of INR 3,500 crores.

Summary

Jio will be raising INR 15,000 crores by issuing rights on the NSE.

Reliance Life Sciences Receives Approval from US FDA

January 12, 2016

The United States (US) drug regulatory body has given permission to Reliance Life Sciences for its Active Pharmaceutical Ingredient (API) manufacturing facility. The facility is situated at DhirubhaiAmbani Life Sciences Center at Navi Mumbai.

On one hand Reliance Life Sciences managed to get approval, while on the other a number of Indian generic drug makers are finding it increasingly difficult to deal with regulatory action from the US Food and Drug Administration (FDA).The US is the biggest pharmaceutical market in the world.

Drugs made by Reliance Life Sciences

Reliance Life Sciences makes cytotoxic APIs, which are used to make medicines for treating cancer. Last week,the US FDA sent an Establishment Inspection Report to Reliance Life Sciences stating that it has approved the facility and the quality systems of manufacturing. The facility will now be able to supply its products to the US market. In August, last year, officials from US FDA had come to inspect the facility. The US FDA has given its nod for two of the next-generation oncology molecules, namely temozolomide, and pemetrexed.

Temozolomide is helpful in the treatment of a type of brain tumor, glioblastoma multiforme, while pemetrexed is used to treat patients with non-small cell lung cancer. A spokesperson of Reliance Life Sciences said that the organization has been constantly working to meet international quality standards pertaining toproducts, infrastructure, people, facilities, processes, and information technology. Considering the present progress, the company will soon become a fully electronic-enabled organization. The Navi Mumbai plant had already received a nod from the European Union.

About Reliance Life Sciences

Reliance Life Sciences is a part of the Promoter Group of the MukeshAmbani-led, Reliance Industries. It has developed business in the fields of biopharmaceuticals, medicine, regenerative medicine, and pharmaceuticals, among others. It is one of the most diverse and integrated initiatives of biotechnology across the globe.

The DhirubhaiAmbani Life Sciences center at Navi Mumbai is setup in sprawling 20 acre complex. It also has a facility in Bangalore, which undertakes clinical pharmacology and clinical data management. Overall, Reliance Life Sciences has more than 800 employees. Many of these have PhDs or are post-graduates in Science. 26% of its employees are women. The average age of the employees at Reliance Life Sciences is 33 years.

Reliance Jio’s 4G Service

The telecom arm of Reliance Industries, Reliance Jio, whose operations are being advised by Chairman MukeshAmbani’sright-hand man Manoj Modi, will roll out its network for testing and feedback to the public in January, itself. It will offer invites and SIM cards to customers who buy its 4G-enabled LYF branded smart phones.

The company will sell the LYF branded handsets along with the 4G service across 500 cities in the country. It may start selling the phones from 14th January and offer heavy discounts on them. Additionally, the company will also offer 20 GB of free data bundled with the phone.

Reliance Jio has a stock of lakhs of LYF mobile phones, which were shipped to its warehouses from November, last year.In the initial stage, it will launch 4 LYF phones – Earth 1, Water 1, Water 2, and Water 3.

Summary

Reliance Life Sciences received approval from the US FDA for its Active Pharmaceutical Ingredient manufacturing facility at Navi Mumbai.

Reliance Jio to Offer SIM Cards through Invite System

January 5, 2016

Reliance Jio, the telecom venture of RelianceIndustries has launched its service for employees of Reliance Industries across the country. The Mukesh Ambani-led company is testing its services so that subscribers can enjoy flawless and high-quality service at the time of its commercial launch.

Reliance Jio began deploying its service two years ago. It is expected that the company may officially roll out its services in March, this year. The financial Year 2016 – 2017 will be its first full year of commercial operations. However, the company has not yet revealed the method by which it will roll out its services.

Reliance Jio’s SIM Cards Invite

Reliance Jio is offering 4 SIM cards each to its partners, employees, and distributors. It is encouraging them to use as much data as possible, as this is the most effective way of gauging the efficiency of the network. It wants the initial 3 to 4 lakh users to use it to the maximum so that the company gets an idea of its strength.

Industry experts predict that Reliance Jio may adopt the invitation system to deploy its SIM cards. This system helps companies manage costs and customer expectations. Experts believe that Reliance Jio may stick to this strategy for the initial 3 to 4 months and ensure a seamless launch.

A marketing consultant said that the invite system is an intelligent decision for two reasons. The first being that subscribers do not feel left out. The second reason is that through this system, the company may choose to give its SIM cards to tech-savvy users. Such users help to test the network better.

He said, “But most important is the first factor, where consumers feel that they stand to get invited to join the network soon. In the world of technology, beta testing using tech-savvy, early adopters is the norm.” Many users do not mind testing the service and facing occasional issues to get early access to the network, he added.

The invite method will help Reliance Jioinitiate a smooth roll out. The company will be prepared for the load and will not be overburdened with customers from the first day.

Reliance Jio’s Call Center Contract

Reliance Jio has chosen 5 companies, namely Wipro, Concentrix, Serco, Aegis, and WNS. These may ink a pact with Reliance Jio for operating its call center and back-office. The company will then be offering services like know-your-customer, voice, and activation, among others. The industry has termed this to be one of the most lucrative contracts. Reliance Jio has decided to divide the services among 3 to 4 companies.

A spokesperson of Reliance Jio said that the company is working to establish a robust infrastructure. Its service will set new benchmarks in the country and to achieve this, the company is joining hands with other companies.

Reliance Jio will also set up a team of 300 people who will keep an eye on social media mentions. This team may be created from within the company initially and outsourced later.

Summary

Jio will adopt the invite system to offer its SIM cards for the initial 3 to 4 months.