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Tags: Economy/Finance
India’s largest private company Reliance Industries Limited (RIL) has become the first Indian company to cross the $100 billion revenue mark after the fourth quarter 2022 result was declared on 6 May 2022.
Highlights of its annual result
Retail business
RIL has set up Reliance Retail Company for its retail business.
In the financial year 2021-22, Reliance Retail annual revenue was Rs.199, 704 crore ($ 26.3 billion), an increase of 26.7% over as compared to 2020-21.
Telecom business
The telecom business of the RIL is done through Reliance Jio Company
The gross revenue for the year was ₹95,804 crore ($ 12.6 billion), higher by 17.1% as compared to last financial year.
Oil to Chemicals (O2C) business:
RIL has set up the world's largest standalone oil refinery at Jamnagar, Gujarat.
The revenue for its oil to chemical business was Rs 500,900 crore ($ 66.1 billion), an increase of 56.5% as compared to 2020-21.
This was due to the increase in the crude oil prices and higher price realization of downstream petroleum products.
Oil & Gas business
RIL operates gas fields at Krishna Godavari basin in Andhra Pradesh.
It earned Rs ₹7,492 crore due to higher production from KG (Krishna -Godavari) D6 (Dhirubhai well no 6) gas well.
Reliance Industries Limited (RIL)
Reliance Industries Limited was founded by Dhirubhai Ambani in 1973
It is the largest private sector company in India
Headquarters: Mumbai
Chairman: Mukesh Ambani.
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