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Home / Knowledge / News / Textiles / RIL polyester intermediates production goes up
RIL polyester intermediates production goes up
17
Jan '08
Reliance Industries Limited (RIL) reported its financial performance for the nine months period ended 31st December, 2007.

Highlights of the un-audited financial results as compared to the previous period are:
• Turnover increases by 13% to Rs. 100,572 crore (US$ 25.5 billion).
• Cash Profit increases by 51% to Rs. 19,714 crore (US$ 5.0 billion)
• Net Profit (including exceptional item) increases by 77% to Rs. 15,546 crore (US$ 4.0 billion)
• Exceptional income of Rs. 4,733 crore (US$ 1.2 billion)
• Net Profit (excluding exceptional item) increases by 29% to Rs. 11,349 crore (US$ 2.9 billion)
• Gross Refining Margin for 3Q FY 07-08 was at US$ 15.4 / bbl and for 9M FY 07-08 was US$ 14.9 / bbl

Other Highlights:
• Reliance was awarded the “Deming Quality Control Award” for Operations Business Unit (2007) making it the World's first petrochemical company to win this award
• Reliance's Jamnagar refinery adjudged winner of “Golden Peacock National Training Award
2007”
• Reliance's Hazira Manufacturing division adjudged winner of “Golden Peacock Innovation
Award 2007”
• 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 Hydrocarbon Production and Exploitation Contracts for two offshore blocks in Columbia


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