{"id":283894,"date":"2019-07-23T05:19:24","date_gmt":"2019-07-23T05:19:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283894"},"modified":"2019-07-23T05:19:24","modified_gmt":"2019-07-23T05:19:24","slug":"how-oil-to-chemicals-integration-saved-the-day-for-ril","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/how-oil-to-chemicals-integration-saved-the-day-for-ril\/","title":{"rendered":"How oil-to-chemicals integration saved the day for RIL"},"content":{"rendered":"<p>Reliance Industries, in its first-quarter results, beat street estimates to post an increase of 6.8% in its consolidated net profit at \u20b910,104 crore. Though RIL&#8217;s new-age businesses &#8212; retail and telecom &#8212; helped it post a profit, the management said earnings could have been hit had the company not embarked on its oil-to-chemicals integration path a few years ago.<\/p>\n<p>&#8220;We know the environment for refining and petrochemicals was volatile. The volatility in crude, the macroeconomic headwinds and China-US trade-related development all impacted the market but thanks to the level of integration we have between refining and petrochemicals, a lot of this volatility has gotten absorbed and without having any meaningful impact on our earnings,&#8221; said V. Srikanth, joint CFO, RIL at the company&#8217;s first-quarter earnings on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries, in its first-quarter results, beat street estimates to post an increase of 6.8% in its consolidated net profit at \u20b910,104 crore. Though RIL&#8217;s new-age businesses &#8212; retail and telecom &#8212; helped it post a profit, the management said earnings could have been hit had the company not embarked on its oil-to-chemicals integration path a few years ago. &#8220;We know the environment for refining and petrochemicals was volatile. The volatility in crude, the macroeconomic headwinds and China-US trade-related development all impacted the market but thanks to the level of integration we have between refining and petrochemicals, a lot of [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-283894","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283894"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283894\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}