Reliance Industries announced that the Board of Directors of the Company at its meeting held on 18 April 2019, has recommended a Final dividend of Rs.6.5 per share(i.e.65%), subject to the approval of the shareholders.

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Net profit of Reliance Industries rose 9.79% to Rs 10362.00 crore in the quarter ended March 2019 as against Rs 9438.00 crore during the previous quarter ended March 2018. Sales rose 18.60% to Rs 138659.00 crore in the quarter ended March 2019 as against Rs 116915.00 crore during the previous quarter ended March 2018.

For the full year,net profit rose 9.74% to Rs 39588.00 crore in the year ended March 2019 as against Rs 36075.00 crore during the previous year ended March 2018. Sales rose 44.80% to Rs 567135.00 crore in the year ended March 2019 as against Rs 391677.00 crore during the previous year ended March 2018.

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The announcement was made yesterday, 17 April 2019.

Meanwhile, the S&P BSE Sensex was down 158.11 points, or 0.4% to 39,117.53

On the BSE, 8.24 lakh shares were traded in the counter so far compared with average daily volumes of 5.67 lakh shares in the past two weeks. The stock had hit a high of Rs 1,386 and a low of Rs 1,365 so far during the day.

Reliance Ethane Holding Pte. (REHPL) (incorporated in Singapore, a wholly owned subsidiary of Reliance Industries (RIL), having 100% holding in six limited liability companies (LLCs) which own Very Large Ethane Carriers (VLEC or the Vessel)), Mitsui O.S.K Lines (MOL) of Japan and a strategic minority investor have signed binding definitive agreements for a strategic investment by MOL and minority investor in the six special purpose limited liability companies (SPVs), each owning a VLEC. Post closing SPVs shall be jointly controlled by REHPL and MOL.

Mitsui O.S.K. Lines (MOL) is one of the largest shipping companies in the world providing ocean shipping services internationally. It owns and operates a fleet size of over 850 vessels and is also the largest LNG carrier in the world.

RIL will declare its Q4 result today, 18 April 2019. On a consolidated basis, RIL's net profit increased 8.82% to Rs 10251 crore on 56.69% increase in net sales to Rs 156397 crore in Q3 December 2018 over Q3 December 2017.

RIL's activities span across hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.

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Reliance Industries will hold a meeting of the Board of Directors of the Company on 18 April 2019.

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