Pennar Industries Limited (PIL), a major player in India’s engineering sector, reported robust growth in profit for Q2 FY25, despite a decline in revenue. The company disclosed a net profit increase of 20.17% year-over-year, reaching INR 26.87 crore, while pre-tax profit (PBT) rose by 21.26% to INR 36.05 crore. However, consolidated total income dropped by […]
Interarch Building Products Limited, a leading player in the pre-engineered building sector, has announced securing orders worth INR 634 crore during the first half of FY25. The company confirmed that these deals were split between INR 341 crore in Q1 and INR 293 crore in Q2, up until 14th September 2024. As of mid-September, Interarch’s […]
Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (OSE: NEL), has announced a significant technology licensing agreement with Reliance Industries Limited (RIL), marking a pivotal advancement in green hydrogen initiatives. The agreement grants RIL an exclusive license to manufacture Nel’s alkaline electrolysers in India and for global captive use, bolstering RIL’s position as a […]
In a landmark development for the Indian media and entertainment industry, Reliance Industries Limited (RIL), Viacom 18 Media Private Limited (Viacom18), and The Walt Disney Company (NYSE:DIS) (“Disney”) have announced the formation of a joint venture (JV) that marks a significant step towards consolidating their businesses. This ambitious move will see Viacom18’s media operations merge […]
Reliance Industries Q3 FY24 results : Indian conglommerate Reliance Industries Limited (RIL) has reported its consolidated results for the quarter ended December 31, 2023, showcasing significant growth across its diversified business portfolio. The group’s quarterly consolidated EBITDA reached ₹44,678 crore ($5.4 billion), marking a 16.7% increase year-over-year (YoY). This growth is attributed to the exceptional […]
In its latest quarterly results, Jio Platforms Limited (JPL), a subsidiary of Reliance Industries, reported a significant 10.6% year-on-year revenue increase, reaching ₹ 31,537 crore. The EBITDA also saw a 12.6% rise from the previous year, standing at ₹ 13,528 crore. Data Traffic & Subscriber Growth One of the key highlights for Jio this quarter […]
Reliance Industries Limited highlighted a substantial quarterly consolidated EBITDA at ₹ 44,867 crore ($ 5.4 billion), marking a 30.2% year-on-year rise. Furthermore, the net profit surged by 29.7% Y-o-Y, settling at ₹ 19,878 crore ($ 2.4 billion). Breakdown of Reliance Industries Revenue Sources The company’s gross revenue amounted to ₹ 255,996 crore ($ 30.8 billion), […]
Abu Dhabi Investment Authority’s wholly-owned subsidiary is set to make a significant investment of ₹4,966.80 crore into Reliance Retail Ventures Limited (RRVL), a prominent subsidiary of Reliance Industries Limited. With a valuation setting RRVL’s pre-money equity at an impressive ₹8.381 lakh crore, this places the retail titan among India’s top four equity-valued companies. This fresh […]
Reliance Industries Limited has announced an investment of INR 75,000 crores ($9 billion) to develop its new energy manufacturing ecosystem. Revealed by Chairman Mukesh Ambani during the company’s 46th annual general meeting, this significant investment aims to accelerate giga-scale production in various areas of renewable energy and green mobility. Giga-Scale Production for 24/7 Power and […]
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, revealed that the Qatar Investment Authority (QIA) will invest ₹8,278 crore into the company. This massive investment skyrockets Reliance Retail Ventures’ pre-money equity value to an astonishing ₹8.278 lakh crore. The QIA investment will lead to a minority equity stake of 0.99% in Reliance […]