Net profit of Reliance Industries declined 1.80% to Rs 18951.00 crore in the quarter ended March 2024 as against Rs 19299.00 crore during the previous quarter ended March 2023. Sales rose 11.13% to Rs 236533.00 crore in the quarter ended March 2024 as against Rs 212834.00 crore during the previous quarter ended March 2023.For the full year,net profit rose 4.38% to Rs 69621.00 crore in the year ended March 2024 as against Rs 66702.00 crore during the previous year ended March 2023. Sales rose 2.65% to Rs 901064.00 crore in the year ended March 2024 as against Rs 877835.00 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales236533.00212834.00 11 901064.00877835.00 3 OPM %17.9718.02 -18.0016.19 - PBDT41389.0035433.00 17 155559.00134349.00 16 PBT27820.0023981.00 16 104727.0094046.00 11 NP18951.0019299.00 -2 69621.0066702.00 4 Powered by Capital Market - Live News

Reliance Industries announced that the Board of Directors of the Company at its meeting held on 22 April 2024, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Reliance Industries will hold a meeting of the Board of Directors of the Company on 22 April 2024.Powered by Capital Market - Live News

Reliance Industries announced the cessation of Adil Zainulbhai (DIN: 06646490), Independent Director of the Company with effect from 31 March 2024 on completion of his second term. Powered by Capital Market - Live News

Reliance Industries announced that an investment agreement has been signed on 27 March 2024 between Mahan Energen (MEL), wholly owned subsidiary of Adani Power (APL), the Company and APL, in terms of which the Company has agreed to subscribe and MEL has agreed to allot 5,00,00,000 (five crore) equity shares of face value of Rs. 10/- each of MEL to the Company at par. The proposed investment by the Company is in compliance with the provisions of Electricity Rules, 2005 in terms of which the Company, as a captive user, is required to own 26% proportionate ownership in one unit of MEL of 600 MW capacity, with RIL being the captive user of 500 MW generation capacity.The Company and MEL have entered into a 20 year long term power purchase agreement for this purpose.MEL, a company engaged in generation and supply of power, was incorporated on 19 October 2005. The turnover of MEL, as per its audited standalone financial statement, for financial years 2022-23, 2021-22 and 2020-21 was Rs. 2,730.68 crore, Rs.1,393.59 croreand Rs. 692.03 crore, respectively.Powered by Capital Market - Live News