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

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

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...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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