In a chat with ET Now Mayuresh Joshi , Fund Manager, Angel Broking, says GRMs are way above estimates so I think they have beaten Singapore GRMs by a big margin. My personal belief is that FY18 will be a beautiful year for Reliance. What has probably happened in terms of core capex will start getting delivered over the next few quarters. So I think both these items are contributing to the tremendous bottom line growth that we have probably seen. I think they can deliver tremendous numbers on the refining as well as the core business of petchem.

Source: Economic Times July 16, 2016 04:02 UTC