Year: 2008

India’s largest private sector entity by market capitalisation and oil refiner Reliance Industries’ total income rose 23.01% to Rs 34,831 crore in Q3 December 2007 over Q3 December 2006. Substantially higher refining margins boosted the bottomline. RIL earned a refining margin of $15.4 per barrel in Q3 December 2007 compared to $11.7 per barrel in Q3 December 2006.

Reliance Industries Q3 PAT RS.3882CR VS RS.2799CR YOY. These numbers exclude the profit from sale of Reliance Petroleum Shares.

Patel Integrated Logistics (PILL) has announced that the company has entered into an exclusive MOU with Eicher Motors, to initially purchase 225 trucks for a consideration of about Rs 20 crore for various types of vehicles ranging from 3 tonners to 16 tonners. PILL will also be additionally acquiring & strengthening its own fleet in line with its vendor acquisition strategy in India.

The MOU also entails acquisition of additional trucks for its 126 vendors who supply about 756 vehicles, which is exclusively deployed for PILL’s requirements. PILL will have an understanding with its vendors to only use mainly Eicher Trucks for all its new routes, which is being contemplated & implemented. Further more, PILL will ensure that any trucks over 3 – 4 years will be replaced with new Eicher Trucks, for all its long haul routes. This will make Eicher Motors our preferred supplier of vehicles, for the range of vehicles manufactured by them Vehicles being purchased from Eicher Motors.