Reliance Industries Ltd will announce its audited financial results for the year ended 31st March 2003, on Wednesday, April 23.

A notice to this effect has already been sent to the stock exchanges.

For the nine months ended December 31, 2002, RIL recorded gross turnover of Rs 47,382 crore (Rs 473.82 billion) and net profit of Rs 3,003 crore (Rs 30.03 billion): the highest in the private sector.

For the financial year 2001-02, RIL had paid a dividend of 47.5 per cent - i.e. Rs 4.75 per equity share.

Reliance Industries Limited is India's largest private sector company on all major financial parameters with gross turnover of Rs 57,120 crore (Rs 571.20 billion), cash profit of Rs 6,643 crore (Rs 66.43 billion), net profit of Rs 3,243 crore (Rs 32.43 billion), net worth of Rs 27,812 crore (Rs 278.12 billion) and total assets of Rs 56,485 crore (Rs 564.85 11.6 billion).

RIL has emerged as India's first private sector company in the reckoning for a place in the Fortune Global 500 list of the world's largest corporations.

RIL was named among the World's Most Respected Companies in a list published by Financial Times based on a global survey conducted by PricewaterhouseCoopers. RIL also emerged as the most respected among Indian companies and among the 10 most respected energy and chemical companies in the world.