NETPROFITOFRS1,320CRORES,ANINCREASEOF10%CONSOLIDATEDNETPROFITFORTHEHALFYEARATRS1,768CRORESSALESOFRS.12,624CRORESEXPORTSATRS1,569CRORES(US$328MILLION)PRODUCTIONVOLUMEOF5.74MILLIONTONNES,ANINCREASEOF9%Mumbai,October31,2001-RelianceIndustriesLtd.hasannounceditsunauditedresultsforthehalfyearendedSeptember30,2001.SalesofRs.12,624crores(US$2,637million).NetProfitofRs.1,320crores(US$276million)-thehighestintheprivatesector.TheconsolidatednetprofitforthecompanyisRs1,768crores(US$369million)SalesexcludingtradingsalesforthehalfyearendedSeptember30,2001wereRs.12,624crores(US$2,637million)againstRs.12,856croresforthecorrespondingprevioushalfyear,adecreaseof2%OperatingProfit(PBDIT)forthehalfyearincreasedby3%toRs2,716crores(US$567million)asagainstRs2,643croreCashProfitincreasedtoRs.2204crores(US$460million)againstRs.2,012croresforthecorrespondingprevioushalfyear,anincreaseof10%.NetProfitofRs.1,320crores(US$276million)againstRs.1,203croresforthecorrespondingprevioushalfyear,anincreaseof10%.ThetotalpaidupequitysharecapitalstoodatRs.1,054crores(US$220million).EarningsPerShare(EPS)forthehalfyearareRs.12.5(US$0.26)&CashEarningsPerShare(CEPS)forthehalfyearareRs.20.3(US$0.42).(AnnualisedEarningsPerShare(EPS)areRs.25.1(US$0.52)&CashEarningsPerShare(CEPS)areRs.40.6(US$0.85).Thecompany’scontributiontothenationalexchequerintheformofvarioustaxeswereRs.1,809crores(US$378million)againstRs.1,992croresforthecorrespondingprevioushalfyear.TheCompany’sproduction,includingtollconversion,increasedfrom5.26milliontonnesforthefirsthalfyearof2000-01to5.74milliontonnesduringthefirsthalfyearof2001-02,representing9%growth.ManufacturedexportsincludingdeemedexportswereRs1,569crores(US$328million)asagainstRs1,684croresforthecorrespondingprevioushalfyear.TheCompany’soperationshavehelpedthenationsavepreciousforeignexchangetothetuneofRs.8,456crores(US$1,766million).Reliance’sConsolidatedNetProfitisRs1,768crores(US$369million)consideringitsinvestmentsinitssubsidiaries,ReliancePetroleumLtd.,BSESL