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Friday, 18 April 2014

Reliance's Stunning Results - Stock to go up ?

Reliance Industries once again racked up net profit by 4.7 per cent to Rs 21,984 crore for the full year ended March 31.


RIL posts stunning 24 per cent jump in gross refining margins in the last quarter at amazing $9.3 per barrel. RIL hence became the first private company in India to report annual revenues of more than Rs 4 lakh crore.

RIL proudly claimed that the Jamnagar refineries processed 68 million tonnes of crude oil, 10% higher then the designed capacity.

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