Reliances first quarter results on 31 July
By Our Corporate Bureau | 03 Jul 2002
Mumbai: Reliance Industries Ltd (RIL) will announce its unaudited financial results for the first quarter ended 30 June 2002 on 31 July 2002. A notice to this effect has been sent to stock exchanges.In the financial year ended 31 March 2002, RIL recorded sales of Rs 25,032 crore (US $5,129 million) and a net profit of Rs 2,814 crore ($577 million) the highest in the private sector.
The shareholders of both RIL and Reliance Petroleum Ltd (RPL) have already approved the proposed merger of RPL with RIL. The Bombay High Court has approved the merger of RPL with RIL, and the same is at the final hearing stage before the Ahmedabad High Court.
The merger will give RIL the distinction of becoming Indias first private sector company to feature in the internationally tracked Fortune Global 500 list of the worlds largest corporations.