{"id":549070,"date":"2023-01-21T11:06:24","date_gmt":"2023-01-21T05:36:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=549070"},"modified":"2023-01-21T13:10:37","modified_gmt":"2023-01-21T07:40:37","slug":"reliance-net-falls-15-plans-to-raise-rs-20000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-net-falls-15-plans-to-raise-rs-20000-crore\/","title":{"rendered":"Reliance net falls 15%; plans to raise Rs 20,000 crore"},"content":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd on Friday reported a 15 per cent drop in its net profit for the December 2022 quarter as higher finance costs, the new windfall profit tax and depreciation neutralised strong operating performance.<\/p>\n<p>The oil-to-retail-to-telecom conglomerate&#8217;s consolidated net profit of Rs 15,792 crore or Rs 23.34 per share, in October-December compares with Rs 18,549 crore, or Rs 28.08 a share, earnings in the same period a year back, according to company&#8217;s stock exchange filing.<\/p>\n<p>The firm plans to raise Rs 20,000 crore more to fund expansion across the business &#8211; from building Giga factories for a new energy ecosystem to 5G telecom service rollout and retail expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd on Friday reported a 15 per cent drop in its net profit for the December 2022 quarter as higher finance costs, the new windfall profit tax and depreciation neutralised strong operating performance. The oil-to-retail-to-telecom conglomerate&#8217;s consolidated net profit of Rs 15,792 crore or Rs 23.34 per share, in October-December compares with Rs 18,549 crore, or Rs 28.08 a share, earnings in the same period a year back, according to company&#8217;s stock exchange filing. The firm plans to raise Rs 20,000 crore more to fund expansion across the business &#8211; from building Giga factories for [&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":[146,130,177],"tags":[],"class_list":["post-549070","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/549070","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=549070"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/549070\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=549070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=549070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=549070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}