Friday, July 25, 2008

RIL shows strong refinery margins; surpasses sluggish petrochem business

As forecasted by analysts, Reliance India Ltd (RIL) - Indian petrochemical and refinery giant has announced a 13% rise in profits for Q1 ending June 30. The US$77 bln company, having witnessed above 220% growth for the past four quarters addressed that the refinery earnings surpassed the slow growth for petrochemicals business.

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