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RIL FY 1213 Media Release (2)

RIL FY 1213 Media Release (2)

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Published by: Firstpost on Apr 16, 2013
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12/29/2013

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Registered Office:
Corporate Communications Telephone : (+91 22) 2278 5000Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 2278 51853rd Floor, 222, Nariman Point 9th Floor, Nariman Point Internet : www.ril.comMumbai 400 021, India Mumbai 400 021, IndiaPage 1 of 29
Mumbai, 16
th
April 2013
 R
ECORD
R
EVENUE OF
`
 
371,119
CRORE
($
 
68.4
 
B
ILLION
)
AND
R
ECORD
N
ET
P
ROFIT OF
`
 
21,003
 
C
RORE
($3.9
 
B
ILLION
)R
ECORD
R
EFINING
EBIT
OF
`
 
12,788
 
C
RORE
($2.4
 
B
ILLION
)H
IGHEST
E
VER
E
XPORTS OF
`
 
239,226
 
C
RORE
($
 
44.1
 
B
ILLION
),
 
14%
OF
I
NDIA
S
E
XPORTS
 
Reliance Industries Limited (RIL) today reported its financial performance for the quarter /year ended 31
st
March, 2013. Highlights of the audited financial results as compared to theprevious year are:
(In
 ` 
Crore)
4QFY133QFY134QFY12%Changewrt 4QFY12FY13 FY12%Changewrt FY12
Turnover 
86,618
96,307 87,833 (1.4%)
371,119
339,792 9.2%PBDIT
10,068
10,113 8,859 13.6%
38,785
39,811 (2.6%)Profit Before Tax
7,120
6,850 5,432 31.0%
26,284
25,750 2.1%Net Profit
5,589
5,502 4,236 31.9%
21,003
20,040 4.8%EPS (
 ` 
)
17.3
17.0 12.9 34.1%
64.8
61.2 5.9%
H
IGHLIGHTS OF
 Y
EAR
P
ERFORMANCE
 
Revenue (turnover) increased by 9.2% to
 ` 
371,119 crore ($ 68.4 billion)
Exports increased by 15% to
 ` 
239,226 crore ($ 44.1 billion)
PBDIT decreased by 2.6% at
 ` 
38,785 crore ($ 7.1 billion)
Profit Before Tax increased by 2.1% at
 ` 
26,284 crore ($ 4.8 billion)
Cash Profit at
 ` 
30,505 crore ($ 5.6 billion)
Net Profit increased by 4.8% at
 ` 
21,003 crore ($ 3.9 billion)
Gross Refining Margin at $ 10.1 /bbl for the quarter and $ 9.2/ bbl for the year ended 31
st
March2013
Dividend of 90%, payout of 
 ` 
3,092 crore ($ 570 million)
 
 
Registered Office:
Corporate Communications Telephone : (+91 22) 2278 5000Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 2278 51853rd Floor, 222, Nariman Point 9th Floor, Nariman Point Internet : www.ril.comMumbai 400 021, India Mumbai 400 021, IndiaPage 2 of 29
H
IGHLIGHTS OF
 Y
EAR
P
ERFORMANCE
(RIL
 
C
ONSOLIDATED
)
Revenue (turnover) increased by 10.8% to
 ` 
397,062 crore ($ 73.1 billion)
PBDIT increased by 0.5% to
 ` 
40,912 crore ($ 7.5 billion)
Profit Before Tax increased by 3.2% to
 ` 
26,150 crore ($ 4.8 billion)
Cash Profit decreased by 1.5% to
 ` 
32,115 crore ($ 5.9 billion)
Net Profit increased by 5.9% to
 ` 
20,879 crore ($ 3.8 billion)
C
ORPORATE
H
IGHLIGHTS
 
RIL
was awarded the prestigious 'International Refiner of the Year' 2013 at HART Energy’s 27th
World Refining & Fuel Conference held recently at San Antonio, Texas, USA. The award waspresented to Reliance for producing cleaner, higher-quality gasoline and diesel fuel, operatingwith the highest international refining standards and innovative use of resources in diverseenvironments and for innovation, global vision, and ability to chart future changes.
Reliance Sibur Elastomers Private Limited (RSEPL), a joint venture between RIL and SIBURbegan construction of their new butyl rubber plant, in Jamnagar. T
he new plant will be India’s
only manufacturer of butyl rubber and th
e JV will be amongst the world’s top five manufacturers
of butyl rubber. RIL and SIBUR signed a technology licence agreement facilitating use of SIBUR's proprietary butyl rubber production technology at the new facility. RIL will supplymonomer and provide the JV with world-class infrastructure and utilities. Reliance has alreadystarted market seeding butyl rubber from SIBUR in India. The response is very encouraging.
In September 2012, RIL and the Venezuelan state oil company, Petroleos de Venezuela, SA(PDVSA) signed a 15 year heavy crude oil supply contract and an MOU to further developVenezuelan heavy oil fields. PDVSA will supply between 300,000 and 400,000 barrels per day
of Venezuelan heavy crude oil to Reliance’s two refineries in Jamnagar under a
15-year crudeoil supply contract. As per the MOU, Reliance will explore upstream options for jointparticipation in heavy oil projects of the Orinoco Oil Belt.
 
 
Registered Office:
Corporate Communications Telephone : (+91 22) 2278 5000Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 2278 51853rd Floor, 222, Nariman Point 9th Floor, Nariman Point Internet : www.ril.comMumbai 400 021, India Mumbai 400 021, IndiaPage 3 of 29
RIL selected Fluor Corporation to provide project management services for its projects beingexecuted at its refining and petrochemical complex in Jamnagar, India. These projectsrepresent one of the largest investments globally.
RIL selected Phillips
66’s E
-
Gas™ technology for its
coke gasification facility. This facility willprocess petroleum coke & coal into synthesis gas. Phillips 66 will license the technology to RILand also provide process engineering design and technical support relating to the gasificationtechnology process area.
RIL selected Technip as a technology supplier and engineering contractor to implement itsRefinery Off-Gas Cracker (ROGC) project. This is part of the petrochemical expansion project
being executed at Jamnagar, India. The ROGC plant will be amongst the world’s largest
ethylene crackers and will be using refinery off-gas as feedstock. This plant will providefeedstock for new downstream petrochemical plants also being built at Jamnagar.
RIL selected Foster Wheeler as an engineering and procurement services contractor for itsParaxylene project. This is part of t
he expansion project being executed at RIL’s world
-scaleJamnagar refining and petrochemical complex in Gujarat, on the West Coast of India.
Reliance Exploration & Production DMCC (REP DMCC), wholly owned subsidiary of RIL hasreceived proceeds and completed the transaction for divestment of its 80% working interest andoperatorship in the production sharing contracts (PSCs) for Rovi and Sarta blocks in theKurdistan Region to the subsidiaries of Chevron Corporation.
REP DMCC, a wholly owned subsidiary of RIL, has received proceeds on signing thecompletion documents for divestment of its 25% Working Interest in the Production SharingContract (PSC) for Yemen Block-9 with Medco Yemen Malik Ltd., a wholly owned subsidiary of PT Medco Energi Internasional Tbk of Indonesia.
The Government of India, by its letter of 02 May 2012 has communicated that it proposes todisallow certain costs which the PSC relating to Block KG-DWN-98/3 entitles RIL to recover.RIL maintains that a contractor is entitled to recover all of its costs under the terms of the PSCand there are no provisions that entitle the Government to disallow the recovery of any contractcost as defined in the PSC. RIL has initiated arbitration on this issue.

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