Moneycontrol
Last Updated : Jul 15, 2016 07:27 PM IST | Source: Moneycontrol.com

Video: GRM spread with benchmark at 8-yr high, says RIL CFO

The difference between Reliance Industries' (RIL) gross refining margins (GRM) at 11.5 percent was at a eight year high with the Singapore benchmark, CFO Alok Agarwal said.

The difference between Reliance Industries' (RIL) gross refining margins (GRM) at 11.5 percent was at a eight year high with the Singapore benchmark, CFO Alok Agarwal said.

He was talking after the company posted record results in the first quarter, with both profit and revenues beating estimates.

"When we look at international majors, the returns on assets stand in single digits. So the quality of our assets and their profitability," CFO Alok Agarwal said.

Watch video for more.
First Published on Jul 15, 2016 07:15 pm
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