Reliance posts 40% rise in quarterly profit
FROM THE WIRE · LIVEMINT.COM
The company, which operates the world's largest refining complex in western India, has benefited from Brent crude rising about 60% since the Iran war broke out at the end of February. Oil-to-chemicals accounts for more than half of Reliance's revenue.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA strong profit at a major Indian energy group is relevant for the Mumbai equity market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Reliance operates the world's largest refining complex in western India.
- 02Brent crude has risen about 60% since the Iran war broke out at the end of February.
- 03Oil-to-chemicals accounts for more than half of Reliance's revenue.