Reliance Industries Limited (RIL) has shown strength in its Oil to Chemicals (O2C) segment despite challenging market conditions. The KG-D6 block, a key asset for RIL, has achieved significant production milestones, accounting for 30% of India’s domestic gas production.
RIL’s O2C Segment Shows Resilience
RIL’s O2C segment benefited from strong global demand for fuels and limited refining flexibility worldwide, supporting margins and profitability. However, the downstream chemical industry faced increasing challenges throughout the year.
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RIL Maintains Leading Market Position
Despite headwinds, RIL’s focus on cost management and operational excellence helped it deliver a resilient performance. The KG-D6 block achieved 30 MMSCMD of production, contributing significantly to India’s domestic gas production.
RIL’s Telecom Segment Achieves Milestones
In terms of financial performance, Reliance Jio, RIL’s telecom arm, has achieved several remarkable milestones. The consolidated EBITDA reached Rs 178,677 crore, while the consolidated Profit Before Tax (PBT) surpassed Rs 100,000 crore.
RIL Strengthens Market Position
The company’s market capitalization has crossed Rs 20,00,000 crore, further solidifying its position as one of India’s most valuable companies. This rewrite incorporates relevant keywords and phrases to improve discoverability in search engine results.