Reliance Nationwide Celebration as Offices Close on January 22 for Grand Ram Temple Ceremony

Reliance Industries’ Grand Gesture: Nationwide Holiday on January 22 for Ayodhya Ram Temple Ceremony

In a significant move, Reliance Industries has declared a nationwide holiday for all its offices on January 22 in honor of the Ayodhya Ram Temple’s ‘Pran Pratishtha’ ceremony. The decision aligns with the central government’s directive for a half-day closure of all Central Government Offices, Central Institutions, and Central Industrial Establishments across the country on the same day.

The much-anticipated ‘Pran Pratishtha’ ceremony for the Ram temple in Ayodhya is scheduled to commence at 12:20 pm and conclude at 1 pm on January 22. The central government’s order, signed by Parveen Jargar, Deputy Secretary to the Govt. of India, emphasizes the national celebration of the Ram Lalla Pran Pratishtha, encouraging the participation of employees by facilitating a half-day closure till 2:30 pm on January 22, 2024.

This move underscores Reliance Industries’ commitment to fostering a sense of unity and respect for diverse cultural and religious events. The decision to observe a holiday aligns with the company’s dedication to corporate responsibility and inclusivity.

In financial news, Reliance Industries Ltd reported a notable 9.3% increase in its net profit for the December quarter. The robust performance of its retail and telecom sectors contributed to this growth, with the net profit reaching ₹17,265 crore, compared to ₹15,792 crore in the same period the previous year.

The company’s consolidated revenue experienced a 3.2% increase, reaching ₹248,160 crore. A significant capital expenditure of ₹30,102 crore during the quarter was directed towards strategic initiatives such as the pan-India 5G rollout, expansion of retail infrastructure, and ventures in the new energy sector. Notably, this figure excludes spectrum-related costs and is adjusted for capital advances and asset regrouping.

While Reliance Industries showcased positive results, the oil-to-chemicals unit reported a 2.4% decline in revenue. This decrease was attributed to lower price realization and the impact of planned maintenance and inspection shutdowns at units in the Jamnagar refinery complex, affecting yields and profitability.

The company’s commitment to investment in cutting-edge technologies, expansive infrastructure projects, and diversification into emerging sectors underscores its resilience and adaptability in navigating the dynamic business landscape. The positive financial results, coupled with the decision to observe a holiday for the Ayodhya Ram Temple ceremony, reflect Reliance Industries’ multifaceted approach to corporate success, community engagement, and cultural sensitivity.

As the company continues to play a pivotal role in India’s economic landscape, its actions contribute not only to its business growth but also to the broader social fabric of the nation.

Reliance Industries’ proactive decision to declare a nationwide holiday on January 22 for the Ayodhya Ram Temple ‘Pran Pratishtha’ ceremony signifies a deeper commitment to societal values and cultural inclusivity. This move is reflective of the company’s understanding of the importance of cultural events and traditions in the lives of its employees and the larger community.

As the nation gears up for the auspicious ceremony in Ayodhya, Reliance Industries joins hands with the central government’s initiative to ensure that employees across the country have the opportunity to participate in the celebrations. This gesture not only highlights the corporate giant’s responsiveness to the cultural fabric of India but also sets an example for corporate entities to embrace diversity and respect for various traditions.

The ‘Pran Pratishtha’ ceremony holds immense significance for millions of people, and by observing a holiday, Reliance Industries demonstrates a corporate ethos that goes beyond business metrics. It underscores the company’s recognition of the broader societal impact and the role businesses can play in fostering a sense of unity and shared cultural identity.

On the financial front, Reliance Industries’ robust performance in the December quarter is a testament to its strategic investments and forward-looking approach. The notable increase in net profit, coupled with substantial capital expenditure directed towards critical sectors like 5G rollout and new energy initiatives, positions the company as a key player in India’s evolving economic landscape.

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