Friday, January 22, 2010

15% Profits Rise by RIL

Reliance Industries announced its first profit rise since last year. India's largest company by market capitalisation grows by 15.8% to 40.1bn rupees ($861m, 530m USD).

This performance was boosted by higher natural gas production. Income for the third quarter jumped 80 percent to 568.56 billion rupees.

Reliance operates the world's largest oil-processing complex in Jamnagar, western India, where two adjacent refineries have a combined capacity to process 1.24 million barrels of oil a day.