January 22, 2021 | ||
BSE Limited | National Stock Exchange of India Limited | |
Phiroze Jeejeebhoy Towers | Exchange Plaza, Plot No. C/1, G Block | |
Dalal Street | Bandra-Kurla Complex, | |
Mumbai 400 001 | Bandra (East) | |
Mumbai 400 051 | ||
Scrip Code: | 500325 / 890147 | Trading Symbol: RELIANCE / RELIANCEPP |
Dear Sirs, |
Sub: Media Release - Consolidated and Standalone Unaudited Financial Results for quarter / nine months ended December 31, 2020
In continuation of our letter of today's date on the Consolidated and Standalone Unaudited Financial Results for the quarter / nine months ended December 31, 2020, we send herewith a copy of Media Release being issued by the Company in this regard.
The Consolidated and Standalone Unaudited Financial Results for the quarter / nine months ended December 31, 2020, approved by the Board of Directors and the Media Release thereon will also be available on the Company's website, 'www.ril.com'.
Thanking you,
Yours faithfully,
For Reliance Industries Limited
Savithri Parekh
Joint Company Secretary and
Compliance Officer
Encl.: as above | |
Copy to: | Singapore Stock Exchange |
The Luxembourg Stock Exchange | 2 Shenton Way, #19- 00 SGX Centre 1, |
Societe de la Bourse de Luxembourg | Singapore 068804 |
35A boulevard Joseph II | |
B P 165, L-2011 Luxembourg |
Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India
Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail:investor.relations@ril.com, Website: www.ril.com
CIN- L17110MH1973PLC019786
22nd January 2021
CONSOLIDATED RESULTS FOR QUARTER ENDED 31ST DECEMBER, 2020
STRONG SEQUENTIAL REBOUND ACROSS ALL BUSINESSES
HIGHEST EVER QUARTERLY CONSOLIDATED PAT BEFORE EXCEPTIONAL ITEMS AT ` 15,015 CRORE
RECORD QUARTERLY CONSOLIDATED EBITDA BEFORE EXCEPTIONAL ITEMS AT ` 26,094 CRORE
RECORD QUARTERLY EBITDA FOR DIGITAL SERVICES AT ` 8,942 CRORE
HIGHEST EVER QUARTERLY EBITDA FOR RETAIL AT ` 3,102 CRORE
RIL AND BP ANNOUNCE THE START OF PRODUCTION FROM R CLUSTER, ULTRA-DEEP-WATER GAS
FIELD IN BLOCK KG D6 OFF THE EAST COAST OF INDIA
Registered Office: | Corporate Communications | Telephone | : (+91 22) 2278 5000 | |
Maker Chambers IV | Maker Chambers IV | Telefax | : (+91 22) 2278 5185 | |
3rd Floor, 222, Nariman Point | 9th Floor, Nariman Point | Internet | : | www.ril.com;investor.relations@ril.com |
Mumbai 400 021, India | Mumbai 400 021, India | CIN | : | L17110MH1973PLC019786 |
Page 1 of 23
STRATEGIC UPDATES
- Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) completed the capital raise of ₹ 47,265 crore for 10.09% equity stake. This is the largest fund raise in the sector.
- Reliance Industries Limited (RIL) and BP announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India. RIL and BP are developing three deepwater gas projects in block KG D6 - R Cluster, Satellites Cluster and MJ - which together are expected to meet ~15% of India's gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with 66.67% participating interest and BP holds 33.33% participating interest.
- Reliance Retail Ventures Limited ("RRVL"), a subsidiary of the Company has acquired equity shares of Urban Ladder Home Décor Solutions Private Limited ("UrbanLadder") for a cash consideration of ~` 182 crore. The said investment represents ~96% holding in the equity share capital of UrbanLadder. RRVL has a further option of acquiring the balance stake, taking its shareholding to 100% of the equity share capital of UrbanLadder.
- The Company has entered into a definitive agreement, for making capital contribution, up to US$ 50 million, in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, in United States of America. The Fund will have special focus on "tougher climate challenges" in greener steel and cement, long-haul transport, direct air capture and hydrogen. The capital contribution commitment of US$ 50 million and the said investment will be made in tranches over the next 8- 10 years.
Registered Office: | Corporate Communications | Telephone | : (+91 22) 2278 5000 | |
Maker Chambers IV | Maker Chambers IV | Telefax | : (+91 22) 2278 5185 | |
3rd Floor, 222, Nariman Point | 9th Floor, Nariman Point | Internet | : | www.ril.com;investor.relations@ril.com |
Mumbai 400 021, India | Mumbai 400 021, India | CIN | : | L17110MH1973PLC019786 |
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- The Company acquired the shares of IMG Reliance Limited (IMG-R) held by IMG Singapore Pte. Ltd for a cash consideration ~` 52 Crore. Post completion of acquisition, IMG-R has become a wholly owned subsidiary of the Company and will be rebranded by the Company.
- The resolution plan submitted by Reliance Projects & Property Management Services Limited (RPPMSL), a wholly owned subsidiary of Reliance Industries Limited, for the resolution of M/s. Reliance Infratel Limited, under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code 2016, has been approved by the Hon'ble National Company Law Tribunal.
- The Company supported job creation in the economy during the pandemic-impacted period and generated in excess of 50,000 new jobs during April - December 2020 in Consumer businesses and last mile delivery.
Registered Office: | Corporate Communications | Telephone | : (+91 22) 2278 5000 | |
Maker Chambers IV | Maker Chambers IV | Telefax | : (+91 22) 2278 5185 | |
3rd Floor, 222, Nariman Point | 9th Floor, Nariman Point | Internet | : | www.ril.com;investor.relations@ril.com |
Mumbai 400 021, India | Mumbai 400 021, India | CIN | : | L17110MH1973PLC019786 |
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Reliance Industries Ltd. published this content on 22 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2021 16:25:01 UTC