Reliance Retail and Reliance Fresh two subsidiaries of Reliance Industries in the retail Sector suffered losses as the textiles to oil giant sought to build market share and expand its presence in one of the world’s fastest growing economies. RRL has incurred a net loss of Rs 20.24 crore in the financial year ended March 2009.
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The company posted a net loss of Rs.10.99 on total earning of Rs 259.85 crore in the first year of its commercial operations during 2006-07.
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