MoneyWorks4Me

RIL’s arm becomes third-largest telecom operator by revenue market share

12 Jun 2018 Evaluate

Reliance Industries’ (RIL) subsidiary -- Reliance Jio Infocomm -- has become India’s third-largest telecom operator by revenue market share.  The company’s revenue market share widened to almost 20% as of March end. 

Reliance Jio, which started operations in September 2016 with a nationwide 4G network, reported an over 18% sequential jump in adjusted gross revenue (including national long distance revenue) to Rs 6,300 crore the quarter ended March.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1180.95
Indian Oil Corpn. 127.60
Bharat PetroleumCorp 287.30
HPCL 332.45
MRPL 172.10
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