Reliance Industries (RIL), lading private sector enterprise with businesses in the energy and materials value chain, witnessed a fall in share price on Monday after the company announced that the SEZ unit of Jamnagar refinery is planning to shut down one crude distillation unit for routine maintenance and inspection activities in the first half of July for about 10 days.
This opportunity would also be utilized to carry out necessary modifications to improve the reliability and performance of the unit.
The other three crude distillation units including major secondary processing units are planned to operate at normal throughput. The planned maintenance turnaround at the refinery is not expected to have any impact on commercial commitments.
Shares of Reliance Industries are trading at Rs 988.45, down Rs 11.1, or 1.11% at the Bombay Stock Exchange (BSE) on Monday at 3:17 p.m.
The scrip has touched an intra-day high of Rs 991.95 and low of Rs 972.60. The total volume of shares traded at the BSE is 421,233.