Reliance Industries contributes Rs 1.86 lakh crore to national exchequer in FY24

Reliance Industries' Mukesh Ambani

Reliance Industries Ltd’s contribution to the national exchequer rose 5 per cent from a year earlier to Rs 1.86 lakh crore in FY24, the conglomerate said in its annual report on August 7.

Reliance’s contribution stood at Rs 1.86 lakh crore for FY24, up from Rs 1.77 lakh crore in the previous fiscal. This is the sixth straight year when RIL’s contribution to the national exchequer has crossed Rs 1 lakh crore, the company said, adding that RIL’s cumulative contribution of the last seven years through FY24 has now crossed Rs 10 lakh crore.

According to official data, the net corporate tax collection (provisional) in FY24 stood at Rs. 9.11 lakh crore, up 10.26% from Rs. 8.26 lakh crore in the previous financial year.

Reliance’s net worth increased 11.1 percent to 7.43 lakh crore in FY24, according to its annual report.

Meanwhile, the RIL Annual Report provided an update on the performance of its various business segments, including Retail, Digital Services, O2C, and E&P, and outlined the company’s ambitions in the Green Energy sector.”

The company’s net profit surged 7.3 percent to Rs 79,020 crore in FY24, supported by strong operational performance across all businesses.
Reliance ·is set to conduct its 47th Annual General Meeting (AGM), to be on August 29, 2024.

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