India’s Reliance posts 28% growth in Q1 oil, gas revenues despite headwinds

India’s Reliance Industries Ltd witnessed a robust 27.8% year-on-year growth in oil and gas revenues in the April-June quarter despite volatile energy markets and global macroeconomic headwinds, as improved domestic business outlook created opportunities for both downstream and upstream businesses. The company added that despite a decline in product margins, optimized feedstock sourcing and operational flexibility supported profitability, while a…