Reliance's refining margins help lift net by 28%

India's Reliance sees profits jump 28 percent

Reliance Industries beats Street estimates

Balaji Telefilms Ltd has grown into India 's largest content production houses in Asia and Middle East with regards to delivering Hindi and regional content. Balaji Telefims is India's leading entertainment content producer operating across television, movie and digital platforms.

Refining margins rose 3.5% to $11.9 per barrel.

It also said its revenues from refining increased 18.3% to Rs 66,945 crore from Rs 56,568 crore during the year-ago period, while its revenues from petrochemicals business saw a almost 23% rise to Rs 25,461 crore from Rs 20,718 crore. Both refining and petrochemicals segments surprised positively on the revenue and Ebitda fronts.

"The listing is a significant wealth creation opportunity for retail investors and will enable them to participate in this high growth and profitable journey", Jain also said.

Mr. Ambani, who will address shareholders at RIL's annual general meeting on Friday, is likely to announce the introduction of a feature phone priced at Rs. 500 as well as Jio's fibre broadband services that would offer connectivity at speeds of 100 mbps. "Ramp-up of ethane import project has helped in diversifying feedstock sources and mitigating risks for our existing crackers at Dahej and Hazira".

Boosted by higher margins from the petrochemicals business, energy-totelecom major Reliance Industries (RIL) on Thursday said its consolidated net profit for the quarter ended June 2017 (Q1FY18) was Rs 9,108 crore, up 28% from Rs 7,113 crore a year earlier. "We continue to remain upbeat on the stock".

In Reliance Shares Rs 1000 has Invested in 1977 and Worth Rs 16, 54, 503 Today " One thousand rupees invested in Reliance shares in 1977 and today worth Rs 16,54,503 over 1,600 times more valuable", Ambani stated. As many as 39 companies have this year announced bonus shares.

Reliance Jio Infocomm plans to raise Rs. 20,000 crore by way of a rights issue, the company said in a filing.

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