Monday, October 22, 2007

Robust Q2-08 results estimated for RIL due to rising petrochemical margins

At Reliance Industries Ltd.'s second quarter results due on Thursday, analysts are optimistic about the company's performance. High petrochemical margins and the merger with Indian Petrochemicals Corporation (IPCL) are expected to lead to healthy profit for the company. IPCL, which was recently amalgamated with RIL, has among the highest operating margins among Indian petrochemical companies. Gross refining margins are ruling only marginally lower than the last quarter, because of the huge run-up in crude prices.

For more details please click on the following link

Related Posts by Categories

Read daily plastics industry news at