RIL

A Mukesh Ambani group company, RIIL as it is more popularly recognized, for Q2FY15 did not have a good set of numbers. Thanks to the 43% (YoY) rise in total expenses, led mainly by operating costs and other expenses, the company posted a 8% drop in net profit at Rs.5.43 crore. This was 24% rise in net sales at Rs.24 crore and other income rising over 60%. EBITDA was down 9% at Rs.9 crore. The only good news as of now here is that the company is debt free.

This company, RIIL was incorporated in the year 1988 as Chembur Patalganga Pipelines, with the main object to built and operate pipeline for transporting petroleum products. The Company's name was subsequently changed to CPPL Limited, and thereafter to its present name viz., Reliance Industrial Infrastructure Limited. It is mainly engaged in the business of setting up / operating Industrial Infrastructure. The Company is also engaged in related activities involving leasing and providing services connected with computer software and data processing.