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Big disappointment : Duster spoils Reliance-BP well hopes in flagship deepwater basin

Big disappointment : Duster spoils Reliance-BP well hopes in flagship deepwater basin
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Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings, ET EnergyWorld

Primarily the oil-to-chemicals (O2C) business, the main milch cow, saw subdued earnings on accounts of a planned maintenance and inspection shutdown, lasting up to seven weeks of key units in the giant refining complex in Jamnagar, which cut the run rate.

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Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings

Agencies The oil-to-retail-to-telecom conglomerate’s consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was

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Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings

Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings
orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.

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Reliance net profit rises 9%, planned shutdown at oil refinery subdues earnings

Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate s consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.

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