Reliance Industries : Unaudited Financial Results (Standalone and Consolidated) for the quarter / nine months ended December 31, 2020 – Media Release

January 22, 2021
BSE Limited		National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza, Plot No. C/1, G Block
Dalal Street		Bandra-Kurla Complex,
Mumbai 400 001	Bandra (East)
		Mumbai 400 051
Scrip Code:	500325 / 890147	Trading Symbol: RELIANCE / RELIANCEPP
Dear Sirs,

Sub: Media Release - Consolidated and Standalone Unaudited Financial Results for quarter / nine months ended December 31, 2020

In continuation of our letter of today's date on the Consolidated and Standalone Unaudited Financial Results for the quarter / nine months ended December 31, 2020, we send herewith a copy of Media Release being issued by the Company in this regard.

The Consolidated and Standalone Unaudited Financial Results for the quarter / nine months ended December 31, 2020, approved by the Board of Directors and the Media Release thereon will also be available on the Company's website, 'www.ril.com'.

Thanking you,

Yours faithfully,

For Reliance Industries Limited

Savithri Parekh

Joint Company Secretary and

Compliance Officer

Encl.: as above
Copy to:	Singapore Stock Exchange
The Luxembourg Stock Exchange	2 Shenton Way, #19- 00 SGX Centre 1,
Societe de la Bourse de Luxembourg	Singapore 068804
35A boulevard Joseph II
B P 165, L-2011 Luxembourg

Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India

Phone #: [phone], Telefax: [phone]. E-mail:[e-mail], Website: www.ril.com

CIN- L17110MH1973PLC019786

22nd January 2021

CONSOLIDATED RESULTS FOR QUARTER ENDED 31ST DECEMBER, 2020

STRONG SEQUENTIAL REBOUND ACROSS ALL BUSINESSES

HIGHEST EVER QUARTERLY CONSOLIDATED PAT BEFORE EXCEPTIONAL ITEMS AT ` 15,015 CRORE

RECORD QUARTERLY CONSOLIDATED EBITDA BEFORE EXCEPTIONAL ITEMS AT ` 26,094 CRORE

RECORD QUARTERLY EBITDA FOR DIGITAL SERVICES AT ` 8,942 CRORE

HIGHEST EVER QUARTERLY EBITDA FOR RETAIL AT ` 3,102 CRORE

RIL AND BP ANNOUNCE THE START OF PRODUCTION FROM R CLUSTER, ULTRA-DEEP-WATER GAS

FIELD IN BLOCK KG D6 OFF THE EAST COAST OF INDIA

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com;[e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

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STRATEGIC UPDATES

• Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) completed the capital raise of ₹ 47,265 crore for 10.09% equity stake. This is the largest fund raise in the sector.
• Reliance Industries Limited (RIL) and BP announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India. RIL and BP are developing three deepwater gas projects in block KG D6 - R Cluster, Satellites Cluster and MJ - which together are expected to meet ~15% of India's gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with 66.67% participating interest and BP holds 33.33% participating interest.
• Reliance Retail Ventures Limited ("RRVL"), a subsidiary of the Company has acquired equity shares of Urban Ladder Home Décor Solutions Private Limited ("UrbanLadder") for a cash consideration of ~` 182 crore. The said investment represents ~96% holding in the equity share capital of UrbanLadder. RRVL has a further option of acquiring the balance stake, taking its shareholding to 100% of the equity share capital of UrbanLadder.
• The Company has entered into a definitive agreement, for making capital contribution, up to US$ 50 million, in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, in United States of America. The Fund will have special focus on "tougher climate challenges" in greener steel and cement, long-haul transport, direct air capture and hydrogen. The capital contribution commitment of US$ 50 million and the said investment will be made in tranches over the next 8- 10 years.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com;[e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

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• The Company acquired the shares of IMG Reliance Limited (IMG-R) held by IMG Singapore Pte. Ltd for a cash consideration ~` 52 Crore. Post completion of acquisition, IMG-R has become a wholly owned subsidiary of the Company and will be rebranded by the Company.
• The resolution plan submitted by Reliance Projects & Property Management Services Limited (RPPMSL), a wholly owned subsidiary of Reliance Industries Limited, for the resolution of M/s. Reliance Infratel Limited, under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code 2016, has been approved by the Hon'ble National Company Law Tribunal.
• The Company supported job creation in the economy during the pandemic-impacted period and generated in excess of 50,000 new jobs during April - December 2020 in Consumer businesses and last mile delivery.

Registered Office:	Corporate Communications	Telephone	: ([phone]
Maker Chambers IV	Maker Chambers IV	Telefax	: ([phone]
3rd Floor, 222, Nariman Point	9th Floor, Nariman Point	Internet	:	www.ril.com;[e-mail]
Mumbai 400 021, India	Mumbai 400 021, India	CIN	:	L17110MH1973PLC019786

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