Home / Knowledge / News / Textiles / Reliance registers highest ever exports for first quarter
Reliance registers highest ever exports for first quarter
21
Jul '12

Reliance Industries Limited (RIL) reported its financial performance for the quarter ended 30th June, 2012. Highlights of the un-audited financial results as compared to the previous year are:

  • Turnover increased by 8.1% to Rs. 94,926 crore ($ 17.1 billion) as compared to Q4 FY12 and 13.4% as compared to Q1 FY12.
  • Exports increased by 7.7 % to Rs. 55,261 crore ($ 9.9 billion) as compared to Q4 FY12 and 6.8% as compared to Q1 FY12.
  • PBDIT decreased by 2.3% to Rs. 8,651 crore ($ 1.6 billion) as compared to Q4 FY12 and 21.4% as compared to Q1 FY12.
  • Profit before Tax remains flat at Rs. 5,433 crore ($ 1.0 billion) as compared to Q4 FY12 and decreased by 25.2% as compared to Q1 FY12.
  • Cash Profit decreased by 3.1% to Rs.6,785 crore ($ 1.2 billion) as compared to Q4 FY12 and 24.7% as compared to Q1 FY12.
  • Net Profit increased by 5.6% to Rs. 4,473 crore ($ 0.8 billion) as compared to Q4 FY12 and decreased by 21.0% as compared to Q1 FY12.
  • Gross Refining Margin at $ 7.6 / bbl for the quarter ended 30th June 2012.

Corporate Highlights

  • Reliance Industries Limited (RIL) has selected Irving, Texas based Fluor Corporation  to perform project management services for its projects being executed at its world scale Jamnagar refining and petrochemical complex on the west coast of India.
  • The investment in the expansion of energy and petrochemicals projects represents one of the largest such investments globally. The proposed coke gasification facility is also among the largest such projects ever built.
  • RIL has announced that it has selected Phillips66’s E-Gas technology for its planned gasification plants at Jamnagar. The planned gasification plants at Jamnagar will be among the largest in the world and will process petroleum coke and coal into synthesis gas utilizing the E-Gas technology. The synthesis gas will be used as feedstock for a new chemical complex and will fuel the refinery's existing gas turbine power generation units. Phillips 66 will license Gas technology to RIL and provide process engineering design and technical support gasification technology relating to the process area.
  • The Government of India, by its letter of 02 May 2012 has communicated that it proposes to disallow certain costs which the PSC relating to Block KG-DWN-98/3 entitles RIL to recover. RIL continues to maintain that a Contractor is entitled to recover all of its costs under the terms of the PSC and there are no provisions that entitle the Government to disallow the recovery of any Contract Cost as defined in the PSC. The company has already initiated arbitration on the above issue.


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search