Adressing RIL's shareholders, Reliance Industries (RIL) Chairman and MD Mukesh Ambani, said RIL would focus on improving its portfolio, increasing efficiency, product innovation and expanding its businesses to get closer to key markets. He said, within a year of start of gas supply from KG D6, gas supply has been ramped up to over 60 million standard cubic metres per day (mscmd) of natural gas and 35,000 barrels of crude oil per day.
This increased availability of natural gas has resulted in higher volume and cheaper cost of indigenously produced fertilisers, saving the country Rs 4,000 crore per annum in subsidies also resulting in a significant improvement of 30% in gas-based power generation in the country and the replacement of more expensive liquid fuel for refining, steel and petrochemical industries.
RIL has achieved a turnover in its business over Rs 2,00,000 crore or $44.6 billion and its net profit increased to Rs 16,236 crore ($3.6 billion) and has announced a dividend of 70 per cent amounting to Rs 2,430 crore ($541 million), including dividend distribution tax and has exported products worth Rs 1,10,176 crore ($24.5 billion) against Rs 89,199 crore in the previous year. Its exports, which represent 55 per cent of RIL’s turnover, were to 123 countries. Its Petroleum products constitute 85% and petrochemicals account for 15% of the exports.
This year, Petroleum Trust has sold 88.8 million equity shares (adjusted for bonus issue) of RIL and has realised Rs 9,334 crore. As on March 31, RIL’s debt was at Rs 62,495 crore ($13.9 billion) to which RIL's cash and cash equivalents as on March 31 amounted to Rs 21,874 crore ($4.9 billion). These are placed in bank fixed deposits, certificates of deposits, government securities and bonds.
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