Business News

Reliance Industries reports 12.79% year-on-year rise in net profit for second quarter of 2017-’18

But the company’s telecom unit, Reliance Jio, posted a loss of Rs 271 crore for the July-September period.

The Mukesh Ambani-led conglomerate Reliance Industries Limited on Friday reported a 12.79% rise in net profit for the July-September 2017 quarter, compared to the same period in 2016, The Economic Times reported. Reliance Industries posted a profit of Rs 8,097 crore for the second quarter of the 2017-’18 financial year, up from Rs 7,179 crore in the corresponding quarter in 2016.

The consolidated total income of the company increased 15.89% year-on-year to Rs 97,402 crore in the second quarter of 2017, as against Rs 84,044 crore in the corresponding period in 2016.

The Gross Refining Margins increased to a nine-year high of $12 (Rs 777) per barrel in the second quarter, compared to $10.1 (Rs 654) per barrel in the same period in 2016. The Gross Refining Margin is the difference between the value of goods produced by an oil refinery and the price of the raw material (crude oil) used in manufacturing these goods.

However, Reliance Industries’ telecom unit Reliance Jio posted a loss of Rs 271 crore for the second quarter.

“Our company reported another quarter of robust performance. I am delighted to share that this includes the financial performance of Reliance Jio,” Reliance Industries chairperson Mukesh Ambani said about the results. “It also reflect the strong underlying fundamentals of our refining and petrochemicals businesses. Our retail business has delivered broad based, sustainable and profitable growth through improved operational excellence.”

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.

His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.

Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.

Play

Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.

This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.