Commenting on the results, RIL managing director Anil Ambani said: "We are encouraged by RPL's strong financial performance in the very first six months of its operations. This performance has been achieved as a result of RPL's superior global competitiveness.''

RPL achieved exports of Rs 2,138 crore, which places the company as India's top manufacturer-exporter, based on just the first half-year results. RPL is also exporting controlled products, which are not being lifted by public sector oil companies for domestic absorption. All other products are being directly marketed by RPL, with 25-30 per cent of the production being consumed captively by group companies.

RPL processed 12.6 million tonne of crude during the half-year. It has readied itself to hedge in petroleum products in the global oil markets by using state-of-the-art risk management instruments by working closely with international oil major Shell, the company said.

RPL has already set up a full-fledged training floor in Mumbai with trading systems for procurement of oil, trading of finished products and risk management.

RPL, which operates the world's largest 27-million-tonne grassroots refinery in Jamnagar in Gujarat, has provided extensive training to its trading teams. The training and risk management functions also have several senior level professionals with significant experience of operating in the international energy markets.

Despite a slowdown in domestic demand, RPL continues to operate the refinery complex at a high utilisation rate.