RIL margins at a 20-year high as Asian benchmark GRMs hit a record

GRMs for Reliance Industries Ltd (RIL) also touched a 20-year high of $17 per barrel, said Morgan Stanley in a report, adding that RIL's energy vertical is on track to deliver its best quarterly performance in over 20 years and petrochemicals margin is up on a quarter-on-quarter (QoQ) basis despite lockdowns in China. RIL runs the most complex twin refineries in Jamnagar, Gujarat, and can process about 1.4 million barrels of crude daily.

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