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New Delhi, May 9 (PTI) Morgan Stanley on Monday said Reliance Industries Ltd (RIL) will achieve EBITDA of over $20 billion by the end of 2022. EBITDA refers to earnings before tax, depreciation and amortization.

Morgan Stanley said this would be due to a boom in the refinery industry, costlier gas in the global market and improved quality of telecom customers.

Morgan Stanley said that after becoming the first Indian company to achieve $100 billion in revenue for the fiscal year ended March 31, “Reliance is now moving towards earnings before tax and interest payments of over $20 billion”. Is.

“This will be driven by a five-pronged support in the form of higher refinery margins, increased telecom revenue per user, costlier gas in the global market, increasing trend towards digital commerce and booming petrochemicals business,” the report added.

RIL on Friday said its EBITDA (earnings before interest, taxes, depreciation and amortization) stood at Rs 1,25,687 crore (US$ 16 billion) in the last financial year. This figure shows an increase of 29 percent on a year-on-year basis.

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By PK NEWS

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