Even assuming that RIL pays Rs. 25,000 crore for the assets, Halan said “it accounts for only 0.4 per cent of RIL’s pretax profit for the last one year, and 11.6 per cent of its consolidated...
Total revenue was up 23.9 per cent to Rs 1,01,169 crore.
The company has invested over Rs 1.4 trillion into its telecom arm Reliance Jio while it’s at the fag-end of its refining and petrochemical expansion worth over Rs 1 trillion.
Moody’s Investors Service and Fitch Ratings have welcomed the passage of long-awaited Constitutional Amendment Bill for Goods and Services Tax (GST) saying that it would help economy growth and remove barriers in the trade.