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Free Press Journal

Reliance Board Approves ₹15,000 Crore NCD Fundraise

AI Market Summary
Reliance posted record Q2 revenue of 3.62 lakh crore rupees (+28%), EBITDA of 62,409 crore and net profit of 29,550 crore (+34%), while the board approved 15,000 crore rupees in non-convertible debentures. As India heaviest index constituent, the beat supports sentiment toward Indian large caps and energy-to-retail conglomerates, though the absence of an issuance timeline limits any immediate credit-market read-through.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.52%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Second-quarter revenue was ₹3.62 trillion, up 28%. Net profit rose 34% to ₹295.5 billion. Both figures were quarterly records.
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