Financial Daily from THE HINDU group of publications
Tuesday, Sep 21, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Petrochemicals
Corporate - Announcements


RIL cuts polymer prices by Rs 2,000 per tonne

Our Bureau

Mumbai , Sept. 20

RELIANCE Industries Ltd (RIL) has announced a reduction of Rs 2,000 per tonne on prices of all types of polymers.

The company said this has been done to help the Government efforts to battle inflation and contain consumer prices.

RIL said with this reduction, the company will be absorbing 40 per cent of the rise in the input cost, and its prices will continue to be lower by $120 per tonne compared to the prevailing international prices. The difference rose to a peak of $150 per tonne, substantially below the landed price of imported polymers, a company release said.

An analyst tracking the sector, however, said the company had hiked prices of all its products earlier this month and the reduction of Rs 2 per kg announced today will bring them down to the August levels.

More Stories on : Petrochemicals | Announcements

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
RIL cuts polymer prices by Rs 2,000 per tonne


Direct tax collections for April-Sept 15 period up 50 pc
Australia threatens to withdraw from series, says BCCI counsel
Kharif foodgrain output estimates lower
GSLV places Edusat in orbit successfully
`Newspapers have come back strongly fighting against odds'
PSU stocks shine in volatile session
Oriental Bank eyes buys in Kerala — Narang favours organic expansion in eastern region
Aztec Software to buy Disha for $12.1 m
Mallya ropes in JetBlue honcho to head Kingfisher Air
Leeladhar appointed RBI Dy Governor



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line