Reliance, company's growth in revenue

Reliance Industries is said to be in profits.

Multinational Company, Reliance

'Reliance', India's Multinational Company founded by Dhirubhai Ambani in 1966 served worldwide, which is controlled by billionaire Mukesh Ambani india's richest man, reported a sharp rise in profits from its oil and gas business. The results were better than analysts had expected.

Mr Ambani said the industries has recorded net profits this quarter, company's oil and gas business rose following in increase of revenue. The company also has new projects lined-up and is said to expand its retail business further, he added.

Reliance owns supermarket chain's, telecommunications company, petrochemicals, petroleum, textiles, polyester but makes most of its revenue from its oil-refining business.