Reliance Industries (RIL) shares went up marginally on Wednesday after the company has tied up Export Credit Agency (ECA) facility of up to USD 550 million. The facility will be co-financed by JBIC and a group of other Japanese banks backed by NEXI to part finance the proposed expansion of its petrochemical plants and setting up new gasification plant and refinery off-gas cracker over the next two to three years.
This is RIL's eighth ECA facility for the largest capital expenditure program it has undertaken.
Shares of the company are trading at Rs 974.15, up Rs 5.8, or 0.60% at the Bombay Stock Exchange (BSE) on Wednesday at 9:46 a.m.
The scrip has touched an intra-day high of Rs 975.55 and low of Rs 967.00. The total volume of shares traded at the BSE is 36,914.
In the earlier session, the shares rose 0.93%, or Rs 8.9, at Rs 968.35.
Currently, the stock is trading down 1.49% from its 52-week high of Rs 988.90 and above 27.34% over the 52-week low of Rs 765.