{"id":351952,"date":"2020-05-19T09:54:40","date_gmt":"2020-05-19T04:24:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351952"},"modified":"2020-05-19T10:07:08","modified_gmt":"2020-05-19T04:37:08","slug":"ril-says-core-business-has-got-demand-side-shock-due-to-coronavirus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-says-core-business-has-got-demand-side-shock-due-to-coronavirus\/","title":{"rendered":"RIL says core business has got &#8216;demand-side shock&#8217; due to coronavirus"},"content":{"rendered":"<p>Reliance Industries (RIL) said on Monday that its core business was hit significantly by demand-related challenges, both in India and overseas. The company listed Covid-19 as an \u2018internal risk\u2019 in its letter of offer for the proposed rights issue. <\/p>\n<p>\u201cThe impact of Covid-19 on our business and operations is uncertain,\u201d the firm said. \u201cOur refining, petrochemical, as well as oil and gas businesses have received a demand-side shock \u2014 not just in India but across the world,\u201d the letter stated. <\/p>\n<p>It added: \u201cThe lockdown is expected to have an adverse effect in the short-to-medium term on several businesses including refining, petrochemical, and oil and gas, as well as retail (non-grocery).\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL) said on Monday that its core business was hit significantly by demand-related challenges, both in India and overseas. The company listed Covid-19 as an \u2018internal risk\u2019 in its letter of offer for the proposed rights issue. \u201cThe impact of Covid-19 on our business and operations is uncertain,\u201d the firm said. \u201cOur refining, petrochemical, as well as oil and gas businesses have received a demand-side shock \u2014 not just in India but across the world,\u201d the letter stated. It added: \u201cThe lockdown is expected to have an adverse effect in the short-to-medium term on several businesses including refining, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-351952","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351952","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351952"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351952\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}