RIL to shut Nagothane plant for 4 weeks from mid-January for maintenance

Reliance Industries Ltd (RIL) today said some of the downstream and gas cracker units at its Nagothane manufacturing site will be shut for nearly four weeks, starting mid-January 2015.

RIL has scheduled a planned turnaround at its Nagothane manufacturing site and the cracker and some of the downstream units will be shut for approximately four weeks, starting around mid-January 2015, RIL stated in a release today.

This opportunity will be used to carry out routine maintenance activities and for implementing other profit improvement and energy conservation measures. RIL's crackers and other downstream units at other locations will continue at normal levels of operations.

With advance planning and inventory management, impact on external sales is likely to be minimal, the release added.

On Friday, the Reliance Industries stock closed at Rs889.00, up Rs2.20, or 0.25 per cent. The 52-week high of the share was Rs1,142.50 and the 52-week low was Rs794.00.

The company's trailing 12-month (TTM) EPS was at Rs69.65 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 12.76.

The latest book value of the company is Rs609.19 per share. At current value, the price-to-book value of the company is 1.46.