Reliance sees margin boost in FY11

Energy major Reliance Industries expects gross refining margins to be better in the 2010/11 financial year than those in 2009/10,its chief financial officer said. The company is also evaluating other opportunities for shale gas joint ventures,after forming a $1.7 billion joint venture in the United States with Atlas Energy recently,he said. Earlier on Friday,Reliance posted […]

Energy major Reliance Industries expects gross refining margins to be better in the 2010/11 financial year than those in 2009/10,its chief financial officer said.

The company is also evaluating other opportunities for shale gas joint ventures,after forming a $1.7 billion joint venture in the United States with Atlas Energy recently,he said.

Earlier on Friday,Reliance posted a 30 percent rise in quarterly profit but lagged estimates as lower-than-expected refining margins ate into gains from higher gas output off India’s east coast. ($1=44.5 rupees)

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