Continued... 6) Oil and Gas Exploration & Production Source Reliance Industries Ltd. Annual Report 2019-20 Financials The company saw a drop in revenue of 35.8% from 5005 in FY 2018-19 to 3211 in FY 2019-20. The company saw a drop in EBITDA of 78.5% from 1642 in FY 2018-19 to 353 in FY 2019-20. This drop in revenue and EBITDA were as volumes from domestic upstream fields and US shale was lower because of natural decline and slowdown of in development activity. For the year, domestic production (RIL share) was at 38.8 BCFe, down 34.1% y-o-y and in US Shale, the business was 80.4 BCFe, down 14.9% y-o-y basis. RIL(Reliance Industries Ltd.) History Dhirubhai Ambani, Father of current Chairman Mukesh Ambani, returns to India in 1957 after a stint with A. Besse & Co., Aden, Yemen. He starts a yarn trading business from a small 500 sq. ft. office in Masjid Bunder, Mumbai, but dreams of establishing India’s largest company. In 1977 Reliance Textile Industries went public with its I...
How to Save Money? for Students For students how to save money has always been a question and not knowing some ways to save money can let us go out of cash. So, to avoid going out of cash you can use some of this way to save some bucks. →Make a budget Guys, sometimes we spend a lot of money than we should and to avoid that extra spending we should make a monthly budget of our expenses which would help you out in figuring out that for what thing how much we need to spend. You can simply just allocate your funds for different purposes and before allocation guys start investing b'cause investing early is more important than investing more. And to simplify making a budget there are various tools available on the Internet which you can use to make your budget and you can even use tools that can track your spending and notify you when you spend more than your budget. The budget also helps you to take a track record of your income and your expenses. And yes do not forget to write or note...