Reliance Industries Company Net Up 17 pc at Rs 5,661 Crore in Q1

Reliance Industries reported Monday almost 17 percent increase in net income for the quarter ended June 30 on the back of higher refining margins. Net income increased 16.7 percent to Rs 5661 crores in April-June quarter of fiscal policy in relation to RS 4851 crore in the same period a year earlier, Reliance Industries said in a statement.

RIL, which operates the largest refinery complex in the world in Jamnagar in Gujarat, said it earned $ 10.3 for turning each barrel of crude oil into petroleum products or fuel compared to $ 7.3 per barrel, the refining margin Gross in 1 quarter and fiscal 2010-11.

The turnover increased by 37.2 percent to Rs 83,689 crore while exports rose 57.5 percent to Rs 51.737 million rupees. "The revenue growth was driven by strong refining margins and strong cash flow performance business.Our petrochemical give us the opportunity to allocate capital to the works of the resources of higher margin in key markets around the world all" said the chairman of Reliance Mukesh Ambani and D. CEO

"We are committed to invest in India [Images] and petrochemical investment activities have started," he said.