RELIANCE INDUSTRIES
Article Abstract:
Reliance Industries Ltd (RIL) is the biggest producer of blended synthetic fibres, plastics and polymers in India. It commissioned a new 2 lakh tonnes per annum (tpa) polyethylene unit, a 30,000 tpa FF unit, a 1.2 lakh tpa MEG unit and a 2.5 lakh tpa PTA unit in 1997-98. It has also increased the capacity of its multifeed cracker from 5 lakh tpa to 7.5 lakh tpa of ethylene. It is currently setting up a refinery at Jamnagar at a cost of Rs5000 crore. RIL will become the second largest producer of paraxylene and one of the five biggest producers of PP in the world after the Jamnagar starts operations. RIL posted sales of Rs13406.78 crore in 1997-98 against Rs8730.33 crore in 1996-97. It showed a net profit of Rs1652.57 crore against Rs1322.70 crore. (khr)
Comment:
Posts sales of Rs13406.78 crore in 1997-98 against Rs8730.33 crore in 1996-97
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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CORPORATE FORECAST: RELIANCE INDUSTRIES
Article Abstract:
Research houses have predicted a consensus net profit of Rs1845 crore in 1998-99 for Reliance Industries against its net profit of Rs921 crore for the first half of 1998-99. Ceat Financial Services has predicted that the company will give an earnings per share (EPS) of Rs18.9 in 1998-99 while Caspian Securities has predicted an EPS of Rs21. Goldman Sachs has predicted an EPS of Rs20.1 while Warburg Dillon Read of the US has predicted an EPS of Rs19.5 for the company in 1998-99. (khr)
Comment:
Research houses have predicted a consensus net profit of Rs1845 crore in 1998-99 for Reliance Industries against its net profit of Rs921 crore for the first half of 1998-99.
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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TEAKTEX PROCESSING COMPLEX
Article Abstract:
Teaktex Processing Complex Ltd does business in fabric bleaching, yarn/fabric dyeing and mercerising. In 1996-97, it incurred a loss of Rs7.91 crore on sales of Rs7.20 crore. Its scrip is now trading at Re0.50. (tsm) (kvr)
Comment:
Teaktex Processing Complex Ltd does business in fabric bleaching, yarn/fabric dyeing and mercerising.
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1999
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