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Reliance Jio reports a marginal increase in its net loss during 2015-16

April 22, 2016
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Reliance Jio Infocomm Limited (RJIL) reported a net loss of Rs 238.8 million during 2015-2016, as against Rs 232.1 million during 2014-2015. The company’s total income, however, remained unchanged at Rs 400,000 during the year.

During 2015-16, RJIL issued and allotted 15 billion equity shares of Rs 10 each to its parent company Reliance Industries Limited (RIL).

Meanwhile, RIL has invested over Rs 1 trillion for rolling out RJIL’s 4G services, which are expected to be commercially launched in the second half of 2016.

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