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The Pressure Points
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  • RIL-RPL merger will lead to higher taxes and depreciation which, in turn, will depress net profits

  • Petrochem business will be under pressure due to low demand, price cuts and possible reduction in duties

  • Margins in the refinery business are down, and the company needs to expand its retail network

  • Huge investments in telecom and infocom sectors are not likely to yield profits in the near future
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