RIL gains after RJIL signs tower pact with Viom - The New Indian Express

RIL gains after RJIL signs tower pact with Viom

Published: 18th March 2014 01:19 PM

Last Updated: 18th March 2014 01:19 PM

Reliance Industries (RIL), leading private sector enterprise, gained on Tuesday after its subsidiary, Reliance Jio Infocomm (RJIL) will launch its services across India using telecom-tower infrastructure provided by Viom Networks.

Under a Master Services Agreement, Reliance Jio will use Viom Networks' Pan India Passive telecom infrastructure having a footprint of over 42,000 telecom towers. Shares ofthe companyare trading at Rs 904.30, up Rs 18.2, or 2.05% at the Bombay Stock Exchange (BSE) on Tuesday at 12:51 p.m.The scrip has touched an intra-day high of Rs 908.80 and low of Rs 888.80. The total volume of shares traded at the BSE is 302,592.In the earlier session, the shares rose 0.8%, or Rs 7, at Rs 886.10. Currently, the stock is trading down 2.54% from its 52-week high of Rs 927.90 and above 18.21% over the 52-week low of Rs 765.

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