Friday, October 9, 2009

Reliance Industries Jamnagar News Samachar Gujarat India

Reliance Industries to Give Bonus Share.

Reliance Industries Ltd., India's biggest company by market value, said Wednesday it will give its shareholders one bonus share for each share held.

The company will also pay a dividend of 13 rupees ($0.27) a share for the fiscal year ended March 31, 2009, the company said in a statement to the Bombay Stock Exchange.

Reliance said also it posted a consolidated net profit of 152.96 billion rupees for the year ended March 31, 2009, compared with 153.24 billion rupees a year earlier.

Consolidated net sales for the past fiscal year stood at 1.51 trillion rupees, compared with 1.37 trillion rupees a year earlier.

Profit and sales figures for the past fiscal year includes numbers of unit Reliance Petroleum Ltd., which was merged with Reliance Industries effective April 1, 2008, it said.

Reliance earned 1.10 trillion rupees from its refinery operations in the year ended March 31. The company runs two refineries with a nameplate capacity of 1.24 million barrels a day at Jamnagar in the western Indian state of Gujarat.

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