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While several bankers and analysts have projected the difficulty of reaching this number, it is important to figure out where the target of 15 per cent came from
The government has imposed a sharp windfall tax of Rs 13 per litre on diesel exports and Rs 6 per litre on gasoline exports
RIL is a key beneficiary of energy inflation, with every $1 per barrel improvement in annualised refining margins adding an estimated $400-450 million to RIL's consolidated Ebitda, Jefferies said
The refinery off-gases produced from this project earlier served as fuel
The new joint venture also looks to provide electric vehicle charging and other low carbon solutions over time
The company listed the pandemic as internal risks in its letter of offer for its upcoming rights issue.
The deal, aimed at cutting its massive debt and secure an assured supply of crude oil to its refineries, was expected to be closed by March 31, 2020
Aramco's plan to buy 20% of the oil-to-chemicals business of Reliance comes with an assurance to buy half a million barrels a day of the kingdom's crude on a long-term basis
Why is Ambani hitting the brakes on a seven-year, $100 billion investment spree across refining, petrochemicals, telecom and retail?
For the September 2018 ended quarter, RIL reported a gross refining margin of $9.5 per barrel