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Working Capital Management In Indian Oil & Gas Industry - A Case Study Of Reliance Industries Ltd

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  • THAPPA, Sankar

Abstract

Working capital is the lifeblood of the business organization. Merely having the investment in fixed assets does not determine the success of a business organization, it is also important to have efficient management of working capital. The objective of working capital management is to maintain a satisfactory level of working capital through the management of current assets and current liabilities. If a satisfactory level of working capital is not maintained the organization is likely to become insolvent and may even be forced to bankruptcy. Therefore, for the smooth running of the business efficient management of working capital is required. This paper highlights on concepts of working capital, working capital policy, component of working capital and factors affecting working capital of Reliance Industries Ltd.(RIL), during the last ten years and identify which factors are responsible for the improvement of working capital of the company.

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  • THAPPA, Sankar, 2015. "Working Capital Management In Indian Oil & Gas Industry - A Case Study Of Reliance Industries Ltd," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 1(5), pages 34-44, June.
    • Handle: RePEc:tig:journl:v:1:y:2015:i:5:p:34-44
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    1. Marc Deloof, 2003. "Does Working Capital Management Affect Profitability of Belgian Firms?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(3‐4), pages 573-588, April.
    2. Marc Deloof, 2003. "Does Working Capital Management Affect Profitability of Belgian Firms?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(3-4), pages 573-588.
    3. Hashem Valipour & Javad Moradi & Fatemeh Dehghan Farsi, 2012. "The Impact of Company Characteristics on Working Capital Management," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 2(1), pages 1-5.
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