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WEDNESDAY, FEBRUARY 15, 2012

Mumbai: Indian refiner Reliance Petroleum on Friday posted net profit of Rs1.05 billion ($22 million) for the June quarter on net sales of Rs76.39 billion.

Year ago figures were not immediately available.

The company’s refinery at Jamnagar in western India started commercial operations from 15 March.

Reliance Industries struck a deal in February to absorb subsidiary Reliance Petroleum, giving it full control over the world’s largest refinery operation, in the western state of Gujarat.

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