Reliance Industries

Reliance Industries Limited
Type Public
BSE: 500325
NSE: RELIANCE
Traded as LSE: RIGD
Industry Conglomerate
Predecessor Reliance Commercial Corporation
Founded 1966
Founder(s) Dhirubhai Ambani
Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Key people Mukesh Ambani
(Chairman & MD)
Products Oil and gas, petroleum, petrochemicals, polyester, textiles, retail, insurance, telecom
Revenue US$ 58.55 billion (2011)[1]
Net income US$ 04.54 billion (2011)[1]
Total assets US$ 63.84 billion (2011)[1]
Total equity US$ 34.12 billion (2011)[1]
Employees 23,365 (2010)[1]
Subsidiaries
Website RIL.com

Reliance Industries Limited (RIL) (BSE: 500325, NSE: RELIANCE, LSE: RIGD) is an Indian conglomerate company headquartered in Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone (SEZ) development and telecom/broadband business. RIL is the largest publicly traded company in India by market capitalization.[2]

Contents

Prominence

In September 2008 Reliance Industries was the only Indian firm featured in the Forbes's list of "world's 100 most respected companies".[3] In 2010 it stood at 13th position in the Platts Top 250 Global Energy Company Rankings.[4]

Products

Though the company's petrochemicals, refining, and oil and gas-related operations form the core of its business, other segments of the company include textiles, retail business, telecommunications, and special economic zone (SEZ) development. Reliance Retail has entered into the fresh foods market as Reliance Fresh.

Businesses

Major subsidiaries and associates

Reliance Industrial Infrastructure Limited

Reliance Industrial Infrastructure Limited (RIIL)[12] was incorporated in September 1988 as Chembur Patalganga Pipelines Limited, with the main objective being to build and operate cross-country pipelines for transporting petroleum products. The company's name was subsequently changed to CPPL Limited in September 1992, and thereafter to its present name, Reliance Industrial Infrastructure Limited, in March 1994. It has been promoted by Mr. Satyapal Jain and his associates. The company set up a 200-millimetre diameter twin pipeline system that connects the Bharat Petroleum refinery at Mahul, Maharashtra, to Reliance's petrochemical complex at Patalaganga, Maharashtra. The pipeline carries petroleum products including naptha and kerosene. It has commissioned facilities like the supervisory control and data acquisition system and the cathodic protection system, a jackwell at River Tapi, and a raw water pipeline system at Hazira. The infrastructure company constructed a 70,000 kilolitre petrochemical product storage and distribution terminal at the Jawaharlal Nehru Port Trust (JNPT) Area in Maharashtra. RIIL is mainly engaged in the business of setting up and operating industrial infrastructure. The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing.

Reliance retail

Reliance Retail is the retail business wing of the Reliance business. Many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance Trendz, Reliance Autozone, Reliance Super, Reliance Mart, Reliance iStore, Reliance Home Kitchens, Reliance Market (Cash n Carry) and Reliance Jewel come under the Reliance Retail brand.

Environmental record

Reliance Industry is the world's largest polyester producer and as a result one of the largest producers of polyester waste in the world. In order to deal with this large amount of waste, they had to create a way to recycle the waste. They operate the largest polyester recycling center that uses the polyester waste as a filling and stuffing. They developed an innovative recycling process resulting in an award in 'Team Excellence'.[13]

Reliance owns world's largest refinery in Jamnagar which happens to be "zero discharge" refinery. Effluent Treatment Plants based on worlds best available technology processes the waste release and converts waste in to usable product. Reliance has also planted more than 5 million trees around this refinery in order to reduce the carbon foot print.

Awards and recognition

Stock

Reliance has more than 3 million shareholders, making it one of the world's most widely held stocks. Reliance Industries Ltd has continued to grow since its split in January 2006.

On 30 May 2011, Reliance Industry's stock slumped 4% as due to reports that the Federal Bureau of Investigation was probing a former upstream regulator for the company's alleged favouring of private-sector energy companies.[17] The leaked CAG’s draft report affected RIL’s shares, making the stock descend by 10.5% by 23 June 2011.[18]

References

  1. ^ a b c d e "Financial Highlights". RIL Financial Highlights. http://www.ril.com/html/investor/10_yearshighlight.html. 
  2. ^ "RIL one of the most valuable company in India". CNBC-TV18. 14 October 2011. http://www.moneycontrol.com/stocks/marketinfo/marketcap.php?optex=BSE. 
  3. ^ PTI, 6 Sep 2008, 10.02pm IST (6 September 2008). "The Times of India". Timesofindia.indiatimes.com. http://timesofindia.indiatimes.com/RIL_among_worlds_100_most_respected_companies/articleshow/3453197.cms. Retrieved 2010-08-20. 
  4. ^ Platts, 2 Nov 2010. "Platts Top 250 Global Energy Company Rankings". http://www.platts.com/Top250Home. Retrieved 2010-11-03. 
  5. ^ "About us, Reliance Life Sciences". http://rellife.com/aboutus.html. Retrieved 2010-03-03. 
  6. ^ "Welcome to Reliance Institute of Life Sciences". http://www.rils.ac.in/#. Retrieved 2011-11-05. 
  7. ^ "About us, Reliance Logistics". http://reliancelogistics.com/html/aboutus/aboutus.html. Retrieved 2010-03-03. 
  8. ^ "Reliance Clinical Research Services - About". http://www.relclin.com/aboutus.html. Retrieved 2011-11-05. 
  9. ^ "About us, Reliance Solar". http://relsolar.com/aboutus.html. Retrieved 2010-03-03. 
  10. ^ "About us, Relicord". http://www.relicord.com/#. Retrieved 2010-03-03. 
  11. ^ "Reliance Industries buys 95% stake in Infotel Broadband for Rs 4,800 cr". The Times Of India. http://economictimes.indiatimes.com/news/news-by-industry/telecom/Reliance-Industries-buys-95-stake-in-Infotel-Broadband-for-Rs-4800-cr/articleshow/6037260.cms. Retrieved 2010-06-11. 
  12. ^ Shah, Manan. "Company History". money control. http://www.moneycontrol.com/company-facts/relianceindustrialinfrastructure/history/RII#. 
  13. ^ Bhatt, Hari (2006). "Reliance Industries award". Findarticles.com. http://findarticles.com/p/articles/mi_qa3616/is_200607/ai_n17175986/pg_3. Retrieved 2010-08-20. 
  14. ^ http://www.ril.com/rportal/jsp/eportal/media/PressRelease.jsp?id=332
  15. ^ "India's top 10 brands". business.rediff.com. http://business.rediff.com/slide-show/2010/oct/26/slide-show-1-tata-motors-is-indias-top-brand.htm. Retrieved 2010-10-26. 
  16. ^ http://www.moneycontrol.com/news-topic/most-trusted-brand-/video-reliance--6th-most-trusted-brand-in-india_-MPFPImS7oI.html
  17. ^ "Reliance Drags India Shares Lower". The Wall Street Journal. 1 July 2011. http://online.wsj.com/article/SB10001424052702304584004576419441881511516.html. Retrieved 2011-07-01. 
  18. ^ "Reliance Industries hits out at CAG over KG-D6 capital spending remarks". The Economic Times. 24 June 2011. http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/reliance-industries-hits-out-at-cag-over-kg-d6-capital-spending-remarks/articleshow/8969276.cms?curpg=2. Retrieved 2011-06-24. 

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