RIL’s exports cross Rs 3.4 trillion; represents India’s 9.2% total exports [details]

Reliance India Limited’s exports for the 12 months was Rs 3,40,048 crore (US$ 41.4 billion), a robust leap of 33.4 per cent from FY22 exports of Rs 2,54,970 crore (US$ 33.6 billion).

The improve in exports have been led by increased value realisations regardless of decrease downstream product volumes, talked about the annual report.

India’s merchandise exports crossed $447 billion throughout FY23. Reliance represented 9.2 per cent of India’s total merchandise exports.

Reliance Industries is one in all India’s largest contributors to the nationwide exchequer. Reliance’s consolidated contribution to the nationwide exchequer crossed Rs 5 lakh crore within the three years from FY21 to FY23.

Reliance’s contribution to nationwide exchequer stood at Rs 177,173 crore in FY23, marginally down from Rs 188,012 crore of FY22.

The firm continues to be the most important taxpayer in India, contributing Rs 1,77,173 crore to the nationwide exchequer by the use of numerous direct and oblique taxes, talked about the annual report.

This was over 5 per cent of the Union authorities’s budgeted expenditure for final three years

Reliance Industries Limited issued its Annual Report for FY23 on Saturday.

The firm shall be holding its Annual General Meeting on Monday, August 28, 2023.

Among different issues, the RIL Annual Report talked about in regards to the progress made by all its enterprise verticals viz. Retail, Digital Services, O2C and E&P, and spoke about RIL’s intentions within the Green Energy area.

(With inputs from IANS)