Home / Knowledge / News / Textiles / RIL delivers record financial & operating performance in challenging conditions
RIL delivers record financial & operating performance in challenging conditions
21
Apr '08
Reliance Industries Limited (RIL) reported its financial performance for the year ended 31st March, 2008.

Highlights of the audited financial results as compared to the previous period are:
• Turnover increased by 18% to Rs. 139,269 crore (US$ 34.7 billion)
• EBITDA increased by 18% to Rs. 24,201 crore (US$ 6 billion)
• Cash Profit increased by 43% to Rs. 25,205 crore (US$ 6.3 billion)
• Net Profit (including exceptional income) increased by 63% to Rs. 19,458 crore(US$ 4.9 billion)
• Exceptional income of Rs. 4,733 crore (US$ 1.2 billion)
• Net Profit (excluding exceptional income) increased by 28% to Rs. 15,261 crore(US$ 3.8 billion)
• Dividend of 130%; payout of Rs. 1,860 crore (US$ 464 million)
• Gross Refining Margin at US$ 15.0 / bbl for the fiscal year 2007-08

Other Highlights:
• This was yet another successful year for RIL's Oil and Gas Exploration & Production business. Reliance made nine new discoveries in its offshore E&P blocks.
• Reliance expanded its International footprint in

Exploration and Production:
• Executed two Production Sharing Contracts (PSC) in Kurdistan
• Signed Production Sharing Agreement (PSA) for an offshore block in Oman
• Signed two Production Sharing Agreements in Yemen
• Signed Contracts for two offshore blocks in Columbia
• RIL's Jamnagar unit was converted into an Export Oriented Unit (EOU) with effect from 16th April 2007.

• Reliance PetroleumLimited (“RPL”) achieved 90% overall progress in implementation of its complex refinery, coming up in a Special Economic Zone at Jamnagar. RPL has mobilised

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search