Mukesh Ambani-led Reliance Industries (RIL) posted a 17.9 per cent year-on-year growth in its June 2018 quarter (Q1) net profit (excluding exceptional items) on the back of robust performance of its petrochemicals (petchem) operations as well as strong show in the retail and telecom businesses.

For the April-June 2018 quarter, RIL posted a net profit of Rs 94.59 billion compared to Rs 91.08 billion reported in the year-ago quarter, which is a rise of 3.9 per cent.

Mumbai: Reliance Industries Ltd (RIL) is likely to report an increase in its quarterly profit led by stronger petrochemical margins, offsetting weaker refining margins. RIL, which operates the world’s largest refining and petrochemicals complex at Jamnagar in Gujarat, will report its earnings on Friday. According to a Bloomberg poll of nine brokers, RIL is expected to post consolidated net sales of Rs 1.269 trillion crore for the first quarter ended 30 June.

Mumbai: Reliance Industries Ltd, India’s second-largest company by market value, plans to raise about Rs 40,000 crore in fresh debt this financial year as it expands its consumer businesses, according to people familiar with the matter.

The billionaire Mukesh Ambani-led company will raise funds through loans and bonds, mostly in the Indian currency, the people said asking not to be named as they are not authorized to speak to the media.

We expect 1QFY19 EBITDA for Reliance Industries (RIL) to grow 45% yoy with petchem growth more than offsetting slight decline in refining margins. We believe investors will continue to get surprised by the stability of new and improved chemical business earnings even amid rising oil prices and lower polyethylene spreads, while volumes will also grow qoq due to ramp-up of the new projects.

Reliance Industries shares: Billionaire Mukesh Ambani-led Reliance Industries’ share price is trading near all-time levels, up by more than 1.8%. Notably, the recent rally in the shares of Reliance Industries led to the firm achieving another milestone yesterday, topping the $100 billion mark in market capitalisation.

RIL hits $100 billion again: Billionaire Mukesh Ambani-led Reliance Industries hit $100 billion mark in market capitalization, even as the shares surged to all-time high levels on Thursday. Reliance Industries shares zoomed to an intra-day high of Rs 1,091.5, up by nearly 5%, intra-day taking its market capitalization to 6.87 lakh crore, or $100 billion, converted at the current USD/INR rate of 67.82.

Mumbai: State-owned fuel marketers are pushing back against a regulatory suggestion to allow Reliance Industries Ltd (RIL) to use their pipelines to sell jet fuel at the Mumbai airport.

Currently, the three public sector oil marketing companies — Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp.

Shareholders of Reliance Industries have approved giving Mukesh Ambani another five years as the Chairman and Managing Director of the company. Ambani, 61, has been on the board of Reliance Industries Ltd (RIL) since 1977 and was elevated as Chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002.

Consumer-centric businesses would be the focus of Reliance Industries (RIL) in the coming years, indicated its chairman, Mukesh Ambani, while addressing shareholders at the company’s 41st Annual General Meeting on Thursday.

“As the ‘golden decade’ rolls on, our consumer businesses (Reliance Retail and Jio) will contribute nearly as much to the overall earnings of the company as our energy and petrochemical businesses,” he said.

Reliance IndustriesNSE 0.43 % chairman Mukesh Ambani addressed the company's 41st annual general meeting (AGM) at Birla Matushri Sabhagar in Mumbai.

The oil-to-telecom conglomerate continued with its trend of making big announcements related to its telecom arm Jio. In its previous AGM, the company had announced the launch of Jio phone.

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