RIL s FY21 Annual Report shows improved quality of earnings
By IANS |
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New Delhi, June 6 : RIL s FY21 Annual Report showed improved quality of earnings, elevated capex, cashflows impacted by repayment of interest-bearing liabilities and sharp reduction in net debt, as per a report by Jefferies.
Digital and omnichannel are focus areas in Retail where disclosures didn t include segmental details. Driving 2G to 4G transition is the key focus area for Jio. Shift to renewables for captive consumption, increased ESG focus and higher chemical conversion are focus areas in O2C, the report said.
RIL extinguished $4.6bn capex creditors in FY21. Retail capex was elevated at $1.4bn partly led by Jiomart rollout. Facilities capex under Reliance Projects & Property Management Services was also elevated at $2.1bn.
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