Reliance Industries (RIL) reported 22.89 per cent fall in consolidated net profit at Rs 7,206 crore for the quarter ended September 30, 2016 against Rs 9,345 crore in the corresponding quarter a year ago.
Driven by a sharp rally in the stock market last week, the combined market valuation of top- 10 most valued Indian companies soared by a whopping Rs 98,598 crore, with ITC emerging as the biggest mover.
Deposits of natural gas in the country’s difficult geographies, worth Rs 1.8 lakh crore, could get to be exploited over a 15-year period, unlocking investments in the sector by the likes of ONGC, Reliance Industries and GSP
Reliance Industries shares closed 3.76 per cent down at Rs 1004.35 despite strong Q3 numbers. The company on Tuesday reported its highest-ever quarterly net profit of Rs 7,290 crore for the three months ended December 2015.
Reliance Industries (RIL), which today reported its best-ever quarterly net income at Rs 7,290 crore on better refining margins, said it will continue to scale down capital expenditure (capex) for its struggling shale gas bus