Amid wait for a formal communication to hike gas price, Reliance - TopicsExpress

Amid wait for a formal communication to hike gas price, Reliance Industries ( RIL ) is all set to announce June quarter numbers on Friday. Though no major surprises are expected from KG-D6 production and refining margins, management commentary on impact of the new gas price hike could be one of the key factors to watch out for. Analysts on an average expect RIL to post profit of anything between Rs 5,500- 6,000 crore on revenues of Rs 92,000 crore. The firm had posted Rs 44730 crore profit on revenues of Rs 918750 crore in the year-ago period source money control

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