Watch: Record EBIT in refining & petchem in Q4, says RIL's CFO

The refining business is a story of strong margin expansion, said Alok Agarwal, CFO of Reliance Industries, as he discussed the details of the fourth quarter results of the company.

Agarwal pointed out the company has posted record EBIT in both refining and petrochemicals business.

Of the individual products that the company makes, gasoline was the star performer, he said, adding oil demand has centred on gasoline. Strong demand for transportation fuel underpinned the company’s performance in India, he said.

The company is in the middle of the largest capacity expansion program with capex exceeding Rs 1 lakh crore across the year, he said. Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group.Watch video for more...