June 27 (Reuters) – Reliance Industries Ltd (RELI.BO), India’s largest listed company, is close to selling a 2.5 acre (1 ha) commercial plot at Mumbai’s Bandra Kurla Complex to property developer Wadhwa Group, the Business Standard paper said on Sunday.
The deal is expected to be around 10 billion rupees ($215 million) in size, and will take a month to conclude, the paper said, citing a person involved with the talks.
The plot is part of the 18.5-acre piece of land Reliance Industries had bought in 2006 from Mumbai Metropilitan Regional Development Authority for 11.04 billion rupees in an auction, the paper said.
Reliance Industries is also in the running for a service contract from Petroleos Mexicanos, the national oil company of Mexico, for the latter’s new refinery project, the Business Line paper said on Sunday, quoting Mexico’s Secretary of Energy, Georgina Kessel Martinez. ($1= 46.2 rupees) (Reporting by Aniaruddha Basu; Editing by Ron Popeski)