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 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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