Demand destruction, low margins squeeze Reliance petchem profit

MOSCOW (MRC) -- Reliance Industries says that its group net profit for the fiscal first quarter ended 30 June increased 30.6% compared with the same period of the prior year, to Rs132.48 billion Indian rupees (USD1.77 billion), said Chemweek.The company recorded an exceptional gain of Rs49.66 billion from the divestment of shares in the Reliance BP Mobility Services Ltd. business. The com

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