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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

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