The country’s crude oil output rose 0.24 per cent and natural gas production was up 4.04 per cent in the June quarter of 2017 due to a push from state-run companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL).
Reliance Industries is paying 6 per cent more price to buy coal-bed methane gas from its own block in Madhya Pradesh in the second quarter of current fiscal, the company said in an investor presentation.
Reliance Industries is paying 6 per cent more price to buy coal-bed methane gas from its own block in Madhya Pradesh in the second quarter of current fiscal, the company said in an investor presentation.
Reliance Industries believes the company’s energy and materials businesses could potentially have operating profits of Rs 100,000 crore within the next few years, almost twice the consolidated operating profit made by the entire company in 2016-17, driven by new capacities and investments, chairman Mukesh Ambani told shareholders at the company’s 40th AGM on Friday
Shares of Reliance Industries today closed the day with nearly 4 per cent gains after the company reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to June 30.
Oil-to-telecom major Reliance Industries’ earnings surpassed analysts’ expectations on Thursday as consolidated profit grew by 12.7 percent sequentially (up 28.3 percent YoY) to Rs 9,079 crore in Q1 FY18, driven by one-time gain and robust growth in petchem & refining businesses.
Reliance Industries to declare Q1 results today: Key focus on Reliance Jio, petrochemicals businessTelecom-to-oil conglomerate Reliance Industries (RIL) will announce its earnings for the quarter ended June post market hours today.
Seven oil and gas firms are expected to report a 17 percent decline in revenue in the quarter-ended June over the previous three months. Net profit is expected to remain flat, while earnings before interest, depreciation and amortisation may rise 27 percent, according to Bloomberg consensus estimates.
The government has slapped a notice on Reliance Industries, Royal Dutch Shell and ONGC, seeking $3 billion in a seven-year old dispute over cost recovery in Panna/Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea
Reliance Industries fell 1.63% to Rs 1,526 at 10:39 IST on BSE, with the stock sliding on profit booking after recent rally.
