 Home > Chemicals Industry > International Chemical > Reliance & Honesty Petrochemical profits declined

Reliance & Honesty Petrochemical profits declined

 Last Update: 2022-11-04
 Source: Internet
 Author: User

Tags

fuel oil boiler

oil market today

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Recently, Reliance India said that in the second quarter of fiscal year 2022~2023 ended September 30, the company's petrochemical business EBITDA fell 5.
9% year-on-year to INR 119.
6 billion (about USD 1.
4 billion).

Quarterly sales were up 32.
5 per cent year-on-year to
Rs.
1.
5 trillion on the back of higher crude oil prices.

In the polymers business, domestic demand improved slightly in India, with polymer demand up 1%
year-on-year.
In polyester, upstream market volatility and geopolitical tensions pushed up energy prices, negatively impacting
the intermediate market.

Fidelity's petrochemical business includes refining, petrochemicals, fuel retail, and sales of
aviation fuel and related products.
Mukesh Ambani, Chairman and Managing Director of Reliance Honesty, said: "The performance of our petrochemicals business reflects weaker demand for downstream chemicals and a weak
profit environment.
The introduction of additional special GST in the quarter to ensure stable supply and reduce domestic market volatility also impacted the results
.
”

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

4-acryloylmorpholine ACMO

CAS No.: 5117-12-4

top

$3.39/KG EXW

UV-531

CAS No.: 1843-05-6

$7-8/MT FOB

benzotriazole ultraviolet absorbers UV-P

CAS No.: 2440-22-4

$7-8/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.