Reliance Industries joint CFO flags recession as a worry, bats for rollback of windfall tax

Any duty on exports will have an impact on overall realisations, said a senior executive of Reliance Industries Ltd NSE -3.68 % (RIL NSE -3.68 %).

A global slowdown or recession is also cause for concern, said joint chief financial officer V Srikanth in a post earnings call on Friday. On July 1, the government imposed a windfall tax of Rs 13 per litre on diesel exports and rs 6 per litre on gasoline exports to limit extraordinary profits of private refiners like RIL, which has been maximising exports from its refineries in Jamnagar, Gujarat.