Instead, the Mukesh Ambani-led company's GRM improved to a nine-year-high of $11.9 per barrel from $11.5 in the previous quarter, as well as the year-ago period.
1Q FY18 revenues for the Oil & Gas segment decreased by 1.2 percent on a Y-o-Y basis to Rs 1,324 crore primarily due to lower volumes in U.S. shale and domestic operations.
Standalone revenue from operations climbed 18.4 percent to 704.34 billion rupees.
"RIL proposes to acquire 2.52 crore equity shares of BTL, constituting 24.92 per cent of the post-issue paid-up capital of BTL... for cash consideration of Rs 164 per equity share amounting to an investment of Rs 413.28 crore", the company informed the BSE.
On a sequential basis, organised retail business showed 12 percent growth at Rs 11,571 crore and EBIT grew by 20.2 percent to Rs 292 crore, with margin expansion of 17 basis points.
The vertically-integrated company's petrochemicals business complemented the refining vertical's performance as well, with revenues increasing 22.9 percent over the year earlier to Rs 25,461 crore. "The increase in revenue is primarily on account of increase in prices and volumes of refining and petrochemical products partially offset by lower prices and volumes from E&P business. Retail business also witnessed accelerated growth momentum with year-on-year revenue growth of 74 per cent", said Ambani, Chairman and Managing Director, RIL.
Segment EBIT (including exceptional item of Rs 1,087 crore) increased by 13.4% (YoY) to a record level of Rs 7,476 crore, against Rs 6,593 crore in Q1FY17. "This digital services business has been built to address the entire value chain across the digital services domain with smart applications to make life simple, lovely and secure".
"Over the past three to four years, we made significant investments in new plants, thus creating organic growth platforms for our energy and materials businesses". Full commissioning of new PX facility at Jamnagar during the quarter will strengthen the integration within our polyester chain.
RIL also became India's most indebted company with outstanding debt climbing to ₹2,00,674 crore as on June 30, against cash and cash equivalents of ₹ 72,107 crore. Ramp-up of ethane import project has helped in diversifying feedstock sources and mitigating risks for our existing crackers at Dahej and Hazira.
The shares slid 0.3% to close at ₹1,528.70 prior to the results, which were announced after close of trading.
The ECB says it will keep purchasing 60 billion euros ($69 billion) per month through year end, and longer if necessary. Draghi is trying to prepare the market for an exit without disrupting markets; usually, that is impossible.
The full version of Nintendo's paid online service for the Switch , originally due later this year, was recently bumped to 2018 . Secondly, it serves as a voice chat client while playing Switch games (the console now doesn't have any on-board voice chat ).
The Tower and Grade fires on the Cuesta Grade and the Hill Fire east of Santa Margarita were all started by cars. At least one structure has been destroyed in the Detwiler Fire, while another one has been damaged.
It's amusing the seemingly nice woman on the parole board just told O.J. that his parole hearing is like everyone else's. OJ Simpson could be denied parole after he was allegedly caught masturbating in his prison cell, it has been reported .
Now, the company is taking things a step further with additional security features that block unverified apps and App Scripts. In other words, Google wants to make it easier for you to discover information and stay connected while using its feed.
The bodies were perfectly preserved in the glacier and their belongings were intact, according to a witness. Udry-Dumoulin told Le Matin that it was the first time her mother had accompanied her father on the trip.
Marzouq said it was too early to talk about recommendations to adjust the deal, or to cap production from Nigeria or Libya. According to the American Petroleum Institute, U.S. crude supplies grew by 1.6 million barrels in the week ended July 14.
One Youtube user suggested the public "demand a formal explanation and apology from Audi " for discriminating against women. As they take their vows, the groom's mother suddenly rushes to interrupt the ceremony and begins to inspect the bride.
New York, probably not coincidentally, learned this week that Bird will need ankle surgery and might miss the rest of the season. The New York Yankees had two major needs heading into the second half of the MLB season: a corner infielder and more pitching.
The company was allowed to finish drilling a well in the Russian Arctic in the fall of 2014 but could not produce oil. Ambassador to Russia Michael McFaul said that while it is a small fine, it is not wholly insignificant.
HSBC Holdings plc lowered BHP Billiton Limited from a "buy" rating to a "hold" rating in a research note on Friday. The Driehaus Capital Management Llc holds 159,480 shares with $3.56 million value, down from 263,568 last quarter.