India Reliance Industries quarterly profit jumps 28 percent

MUMBAI: India’s largest private sector firm Reliance Industries reported a 28 percent rise in quarterly net profit Saturday, boosted by earnings from refining crude and higher gas output.

The oil and petrochemical giant said net profit for the three months to September climbed to 49.23 billion rupees (1.03 billion dollars) from 38.52 billion rupees in the same period last year.

The figure, which was broadly in line with analysts’ estimates, was the highest ever posted by Reliance during a three-month period.

“Improved refining margins and high operating rates at all our manufacturing facilities led to a record quarter,” said chairman Mukesh Ambani, India’s richest man and the world’s fourth wealthiest, according to Forbes magazine.

The conglomerate said sales rose 23 percent to 574.79 billion rupees (13.5 billion dollars)

The company, whose

India Make Record 414-7 in SLanka one-day

RAJKOT: India Make Record 414-7 in SLanka one-day, India scored their highest ever one-day total Tuesday, amassing 414-7 from 50 overs after being sent in to bat by Sri Lanka in the first limited-overs international here on Tuesday.
Live Cricket Scores
Virender Sehwag led the way with 146 off 102 balls. Sachin Tendulkar hit 69 from 63 balls and skipper Mahendra Singh Dhoni made 72 off 53 balls to help India post the fifth biggest one-day score overall.Live Cricket Scores

---

India Make Record 414-7 in SLanka one-day was first posted on December 15, 2009 at 1:13 pm.