Business Standard

Weak global growth, high inflation may impact energy demand, says RIL

Company sees oil demand averaging 99.6 million barrels a day, up 1.9 per cent versus a year ago....

Reliance Industries, RIL

Photo: Shutterstock

Viveat Susan Pinto Mumbai
Mukesh-Ambani-led Reliance Industries (RIL) has warned that weak global growth, high inflation and interest rates could weigh on energy demand in the future. This could hurt companies operating in the space, the management of the oil-to-telecom major said in a post-results conference call on Friday.

RIL reported a consolidated net profit of Rs 13,656 crore for the quarter ended September 30, 2022 (Q2), due to a subdued show in its key oil-to-chemicals (O2C) segment. The overall net profit was almost flat versus the year-ago period figure of Rs 13,680 crore, falling well short of analysts’ forecasts. The company's net revenue

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 23 2022 | 3:24 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to