Indian Stock Market: Reliance Industries Limited
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PrintReliance Industries Limited is one of the largest private sector companies in India. In the fiscal year ending March 2009, it had $30 billion in revenues and turned a net profit of $3 billion. Major business segments of the company are: refining, petrochemicals and oil and gas.
Company revenues have increased by 80 percent in the last 3 years while the net profit in the same period is up 70 percent. The company reported earnings of a little over $2 per share. Reliance shares are traded in the Bombay Stock Exchange and have been trading recently at around $36 a share. In the last year the shares have fluctuated between a high of $54 in May 2008 and a low of $19 in October 2008. The major segment revenues are:
Refining: $22 billion $1.9 billion
Petrochemicals: $10 billion $1.4 billion
Oil and gas: $0.15 billion $0.09
Inter Segment Transfers is the reason for the discrepancy of total revenues of segments to total revenues of company. Reliance is in the list of Forbes Global Fortune 500 companies. Reliance ranks 206 based on sales and ranks 103 based on profits.
