Both agencies, in individual assessments, noted the company’s growth ambitions being supported and its leverage being effectively managed. S&P Global Ratings and Fitch Ratings highlighted the increase in EBITDA (commonly referred to as pre-tax profit) for the current and upcoming fiscal years, attributing it to growing revenue and previous investments.
“Reliance Industries Ltd’s (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company’s debtto-EBITDA ratio to remain commensurate with the rating (BBB+/Stable/--),” S&P said in a note.
هذه القصة مأخوذة من طبعة April 27, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 27, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Court directed government not to cut roadside trees
The Kerala High Court on Saturday has directed the state government to ensure no trees on roadsides are felled merely because they obstruct commercial activities.
Range Rover House opens in India
Range Rover House has opened in India an exclusive, modern luxury experience designed to reflect the tastes and desires of the discerning and affluent clientele of the region.
BYD SEAL leads India's luxury electric car market with +1,000 bookings
New energy vehicles (NEV) manufacturer, BYD India, has achieved a significant milestone by surpassing 1,000 bookings for its BYD SEAL luxury sport sedan.
Adani Group partners with Almiya Group in Kerala
Adani Group’s solar division is ramping up its activities in Kerala, aiming to explore the vast potential of solar energy in the region.
EVR MOTORS TO SET UP MANUFACTURING IN INDIA
Israel-based innovator EVR Motors, specialising in high power-density electric motors, has inaugurated its new greenfield plant in Manesar, Haryana, under its subsidiary, IEVR Motors Private.
RELIANCE POWER REPORTS RS 397 CR LOSS IN Q4
Reliance Power Ltd on Saturday reported a consolidated loss of Rs 397.66 crore during the March quarter, mainly on account of the increased cost of fuel consumed.
No delay in voter turnout data, false narrative patterns detected: ECI
The Election Commission of India (ECI) on Saturday stated that nobody can change data of votes polled, shared on poll day with polling agents of all candidates through Form 17C while welcoming the Supreme Court’s decision to not pass any direction on a plea seeking the uploading of Form 17C data.
COURT COMMUTES DEATH SENTENCE OF NINO MATHEW
The Kerala High Court has commuted the death sentence of Nino Mathew, convicted in the 2014 double murder case in Attingal, to life imprisonment.
COURT STAYS RECOVERY FROM ABDUL MALIKM
The Uttarakhand High Court has recently stayed a recovery notice of Rs 2.42 crore sent by the Municipal Corporation to Abdul Malikm (the main accused in the Haldwani Banbhulpura violence).
MERCEDES-BENZ LAUNCHES NEW EDITIONS OF AMG S 63 E
Mercedes-Benz India has strengthened its TEV portfolio with the launch of the New Mercedes-AMG S 63 E Performance ‘Edition 1’ and Mercedes-Maybach GLS 600 SUV to offer the pinnacle of luxury as well as thrilling driving experience.
