RIL shuts crude unit at 660,000 bpd refinery: Sources

Dec 18, 2013, 12.55 PM IST

According to a source: "Reliance's crude unit tripped on Saturday night... will take at least a week to be fully operational."

Tags  Reliance Industries, Reliance, crude, power failure, Jamnagar, Gujarat

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RIL shuts crude unit at 660,000 bpd refinery: Sources

According to a source: "Reliance's crude unit tripped on Saturday night... will take at least a week to be fully operational."

Like this story, share it with millions of investors on M3

RIL shuts crude unit at 660,000 bpd refinery: Sources

According to a source: "Reliance's crude unit tripped on Saturday night... will take at least a week to be fully operational."

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Reliance Industries  has shut one of its two crude units because of power failure at its 660,000 barrels-per-day (bpd) refinery in Jamnagar in western Gujarat , industry sources said on Wednesday.

The unit has been shut since the weekend, the sources said.

Also Read: RIL plans to shut crude unit in Feb for maintenance

Reliance, owner of the world's biggest refining complex, has two crude units of similar capacity at the plant. It also operates a 580,000 bpd export-focused plant next to its old refinery.

The issue should be resolved soon, one of the sources said.

"Reliance's crude unit tripped on Saturday night... will take at least a week to be fully operational," a second source said, adding that the refinery's coker unit was also down.

No immediate comment was available from Reliance.

Reliance stock price

On December 18, 2013, at 14:10 hrs Reliance Industries was quoting at Rs 860.25, up Rs 21.30, or 2.54 percent. The 52-week high of the share was Rs 954.80 and the 52-week low was Rs 765.00.

The company's trailing 12-month (TTM) EPS was at Rs 67.88 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 12.67. The latest book value of the company is Rs 557.05 per share. At current value, the price-to-book value of the company is 1.54.

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