Reliance Industries become the first Indian company to record annual revenue of more than a whopping $100 billion. The company has recorded a 22.5% rise in net profit for the quarter ended March 2022. Reliance has recorded strong growth in retail, digital services, and the oil & gas business. The company has also reported the highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortisation) of ₹33,968 […]
Reliance Industries has signed a $736 million green loan agreement with 5 banks to fund its acquisition of REC Solar Holdings. Australia and New Zealand Banking Group, DBS Bank, Credit Agricole, HSBC, and MUFG were among the bankers to this rare facility, which is being used for acquisition financing for the first time. Reliance had announced the acquisition
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Reliance Industries became the top Indian company in the latest Fortune Global 500 list. The Mukesh Ambani led oil-to-telecom conglomerate jumped 42 places to rank 106 on this year’s list, finally leaving Indian Oil Corp (IOC) in the dust. The country’s largest state-owned refiner had hitherto been the top ranked desi entity on the list.
Reliance Industries became the top Indian company in the latest Fortune Global 500 list Read More »
