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RIL delivers record financial & operating performance in challenging conditions

21 Apr '08
3 min read

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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