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2016 to be a big year for Reliance Industries as refinery projects on completion stage, says CFO Alok Agarwal

Jan 20, 2016    

Reliance Industries (RIL) third quarter earnings was largely aided by domestic oil demand and strong growth across core verticals despite a slowing growth scenario in emerging markets, Chief Financial Officer (CFO), Alok Agarwal said on Tuesday.RIL reported a 38.7 percent jump, year-on-year, in its consolidated net profit for the quarter.Explaining the rationale behind RIL's performance, Agarwal said that slowing growth was the central theme in the last quarter, but a strong growth in oil demand and gasoline aided the earnings."This has been difficult, volatile year because of the low oi...

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