Reliance to shut refining units for maintenance in March

The CDU will be shut from March 20 for about 3-1/2 weeks, the company said in a statement without specifying the unit's capacity.

India's largest private oil refiner  Reliance Industries plans to shut one of its four crude distillation units (CDU) for regular maintenance in March, the company said.

The CDU will be shut from March 20 for about 3-1/2 weeks, the company said in a statement without specifying the unit's capacity.

Reliance also plans to replace a catalyst at a vacuum gasoil and naphtha hydrotreater.

"The rest of the refinery will continue at normal levels of operations," the company said.

Reliance operates two refineries in Jamnagar with a total capacity of 1.24 million barrels per day (bpd), making this one of the world's largest refining complex in a single location.

(Reporting by Nidhi Verma; Writing by Florence Tan; Editing by Ed Davies)

Reliance stock price

On March 10, 2014, at 09:20 hrs Reliance Industries was quoting at Rs 879.95, up Rs 10.95, or 1.26 percent. The 52-week high of the share was Rs 927.90 and the 52-week low was Rs 765.00.

The company's trailing 12-month (TTM) EPS was at Rs 67.89 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 12.96. The latest book value of the company is Rs 556.94 per share. At current value, the price-to-book value of the company is 1.58.

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