A petroleum ministry order has now instructed Reliance to supply gas to priority sectors in full and if there is any gas left over it should be given to other sectors on pro-rata basis, a financial daily reported.
Top Oil & Gas Newsletterfor the week Apri 11-April 15 - India Infoline.com
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The global supply constraints, substantial price increase and uncertain outlook for cotton availability is creating considerable substitution opportunities for polyester products like Polyester Filament Yarn (PFY) and Polyester Staple Fibre (PSF). It is expected that polyester will capture around 80% of incremental global fibre demand of around 2.9 million tons per annum over the medium to long term. Demand for Polyethylene Terephthalate (PET), which is already India’s fastest growing polymer is also poised for exponential growth due to continued demand in the bottling, packaging and food & beverages sectors. With its strong manufacturing presence in India & Malaysia, cost leadership position and wide product range, Reliance is uniquely positioned to benefit from this market growth. Bank of America Corp. has reportedly given Reliance Industries Ltd. Chairman Mukesh Ambani shares valued at $24,700 as fees for being a director at the bank.Top Oil & Gas Newsletterfor the week Apri 11-April 15 - India Infoline.com
