Reliance Industries releases June quarter results till June 30

Shares of Reliance Industries reached a 52-week high of Rs 2,000 on BSE in early trade.

Reliance Industries (RIL) announced its June quarter earnings on July 30, 2020 instead of July 24, as previously reported, the company said in a filing to the stock exchanges. The exchanges did not specify the reasons for the postponement of the communication board meeting.

“The company’s board of directors meeting for the quarter ended June 30, 2020 will be held on Thursday, July 30, 2020, rather than Friday, to consider and approve standalone and consolidated unauthorized financial results.” July 24, 2020, as previously reported, “the company said in a release to BSE.

At its 43rd Annual General Meeting (AGM) held on 15 July, Reliance Industries announced several deals including Alphabet Inc’s investment of Rs 33,737 crore by Google in its digital serviced, Jio platforms. However, Reliance Industries’ deal with Saudi Aramco has not proceeded as scheduled due to the “unpredictable situation in the energy market and the COVID-19 situation”, Mr. Ambani said in his address to shareholders.

Shares of Reliance Industries rose more than one percent on BSE to reach a 52-week high of Rs 2,000 in early trade. At 11:15 am, Reliance Industries shares were trading at Rs 1,990 on the BSE, up by Rs 16 or 0.9 per cent.

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