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RELIANCE Q3 NET SPURTS 24% TO Rs1,083 CRORE AS SALES RISE 6.8% (net turnover rises to Rs10,973 crore from Rs10,266 crore in quarter to 31 Dec 2001).

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| February 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From India Business Insight)

Reliance Industries Ltd (RIL) has reported a 24-percent jump in its net profit to Rs1,083 crore for the third quarter to 31 Dec 2002 from Rs873 crore in the quarter to 31 Dec 2001. Its net turnover has increased by 6.88 percent to Rs10,973 crore (Rs10,266 crore in quarter to 31 Dec 2001), while gross turnover has risen by 13.5 percent to Rs15,600 crore (Rs13,739 crore).

Prices of raw materials for the company have gone up by five percent to Rs7,588 crore (Rs7,232 crore). Interest cost ...

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