Page 46 - Plastics News May 2019

BUSINESS NEWS

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Rs 319 crore in Q4 up at Rs 10,362 crore

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O/WG 053/ KDV UHSRUWHG D QHW SURÀW RI 5V FURUH TLtd (RIL) the oil-to-telecom conglomerate owned
in the fourth quarter of 2018-19 as against Rs 542 crore in by Mukesh Ambani rose 9.8 per cent in the January-
WKH FRUUHVSRQGLQJ SHULRG RI WKH SUHYLRXV ÀVFDO UHJLVWHULQJ March quarter to Rs 10,362 crore, helping the company
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of the company came down to 5.01 dollars a barrel against
7.87 dollars a barrel during the corresponding period.
GRM is the difference between the price of crude and
end products like diesel and petrol.Total throughput of
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quarter of 2018-19 as against 4.31 million tonnes in Q4
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time, gross turnover of the company stood at Rs 17,744
crore with exports at Rs 6,955 crore as against Rs 18,746
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was boosted by a 19.4 per cent jump in revenue to Rs
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board of directors has recommended dividend of Re 1 per 1,54,110 crore from a year ago. The consolidated net
equity share of face value of Rs 10. MRPL has continued its SURÀW ZDV 5V FURUH RQ UHYHQXH RI 5V
strong market presence by way of direct marketing of its crore in the fourth quarter of FY18. For the full year,
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13.1 per cent over the Rs 34,988 crore reported in FY18.
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crore in FY19 from Rs 4,30,731 crore in FY18. The
revenue growth for FY19 was led by the retail and digital
services businesses, which grew by 51.6 per cent and
61.6 per cent, respectively, and higher petrochemical
volumes. “During FY 2018-19, we achieved several
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Reliance of the future. Reliance Retail crossed the
Rs 100,000-crore revenue milestone, Jio now serves
over 300 million consumers and our petrochemicals
products such as petcoke, sulphur and polypropylene, it
said in a statement. The product grades of polypropylene business delivered its highest-ever earnings,” Mukesh
have been increased to enhance polypropylene market Ambani, Chairman and Managing Director, Reliance
Industries, said in a statement. Ambani said that RIL
share and thereby fetch higher margins. The polypropylene
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production stood at 388 KT for 2018-19.Efforts are on to crore during the year despite “heightened volatility in
increase presence in retail segment by setting up new
the energy markets”. The company’s PBDIT has more
retail outlets, said the company. MDQJDORUH 5HÀQHU\ DQG WKDQ GRXEOHG LQ WKH ODVW ÀYH \HDUV WR 5V FURUH ²
Petrochemicals Limited (MRPL) is a schedule ‘A’ Miniratna, establishing a global benchmark for value creation – he
Central Public Sector Enterprise (CPSE) under the Ministry added. Reliance Industries and its British partner BP Plc
of Petroleum & Natural Gas, located in north of Mangaluru
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city, in Dakshina Kannada District of Karnataka.
acreage in over eight years.

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Plastics News May 2019 46