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To support this green initiative of the Government in full measure. so far. members who have not registered their e-mail addresses. Members who hold shares in physical form are requested to fill the appropriate column in the members feedback form (refer page 203 of the Annual Report) and register the same with Karvy Computershare Private Limited. in respect of electronic holdings with the Depository through their concerned Depository Participants. Postage for sending the feed back form will be borne by the Company. .Reliance Industries Limited 1 Contents 07 09 10 12 35 47 77 79 94 97 100 101 102 104 123 149 150 151 152 154 163 188 191 203 205 207 Company Information Financial Highlights Notice of Annual General Meeting Management’s Discussion and Analysis Report on Corporate Social Responsibility Report on Corporate Governance Secretarial Audit Report Directors’ Report Auditors’ Certificate on Corporate Governance Auditors’ Report on Financial Statements Balance Sheet Profit and Loss Account Cash Flow Statement Schedules forming part of Balance Sheet and Profit and Loss Account Significant Accounting Policies and Notes on Accounts Auditors’ Report on Consolidated Financial Statements Consolidated Balance Sheet Consolidated Profit and Loss Account Consolidated Cash Flow Statement Schedules forming part of Consolidated Balance Sheet and Profit and Loss Account Significant Accounting Policies and Notes on Consolidated Accounts Financial Information of Subsidiary Companies Shareholders’ Referencer Members’ Feedback Form Shareholders’ Discount Coupon Attendance Slip and Proxy Form Important Communication to Members The Ministry of Corporate Affairs has taken a “Green Initiative in the Corporate Governance” by allowing paperless compliances by the companies and has issued circulars stating that service of notice/ documents including Annual Report can be sent by e-mail to its members. are requested to register their e-mail addresses.

lids & caps. Irrigation. New Partnerships. industrial effluents. sugar. etc. office stationery. FMCG. leno bags for fruits & vegetables.2 New Businesses. chemical storage and general purpose tanks. pesticides. salt. Woven sacks. Major Products and Brands Business/ Brand Product Brand End Uses Refining. automotive components. footwear. cable sheathing. processed food. LLDPE & LDPE) Ethylene Vinyl Acetate Copolymer (EVA) Reon Polyvinyl Chloride (PVC) Relpipe Poly-Olefin (HDPE & PP) Pipes Cisamer Poly Butadiene Rubber (PBR) Tyres. luggage. telecom cable ducts & gas distribution. Footwear & hotmelt adhesives Pipes & fittings. ropes & twines. power. irrigation. petrochemicals and other industries Domestic and industrial fuel Exploration & Crude Oil and Natural Production Gas Refining Liquefied Petroleum Gas (LPG) Propylene Naphtha Gasoline Jet / Aviation Turbine Fuel Superior Kerosene Oil High Speed Diesel Sulphur Petroleum Coke Feedstock for polypropylene Feedstock for petrochemicals such as ethylene. insulation & sheathing for wire & cables. food-grain. water supply. Relene Polyethylene (HDPE. New Technologies. protective films and pipes for agriculture.V. master batches. fertiliser. sports goods. partitions. rollers. tread rubber. geo-textiles & fibres for non-woven textiles. raschel bags for fruits & vegetables. footwear. processed food. and as fuel in power plants Transport fuel Aviation fuel Domestic fuel Transport fuel Feedstock for fertilisers and pharmaceuticals Fuel for power plants and cement plants Petrochemicals . houseware. process industry & telecom. drainage. films for packaging milk.Polymers Repol Polypropylene (PP) Woven sacks for cement. propylene & fertilisers. fluid & blood bags. chemicals. lubricants. edible oil. pipes for water supply. moulded furniture. carrier bags. TQ & BOPP films and containers for packaging textiles. conveyor belts. fertilisers. industrial crates & containers. flooring. roofing. containers for packaging edible oil. detergents. I. mechanical goods & dock fenders Chemicals Relab Linear Alkyl Benzene (LAB) Detergents . roto-moulded containers for storage of water. FMCG. processed food. door & window profiles. rigid bottles & containers for packaging applications. components for automobile and consumer durables. houseware.

brilliant colours and soft feel. shirting. paper industry (conventional & speciality). wetlaid industry (wall papers. low pill Moisture management yarns Hollow fibres with high bounce and resilience Secondary Reinforcement Produts Quality Certified Sleep Products Polyester Tow & Staple Fibre with unique low pill properties Anti microbial fibres & yarns Bi-component filament yarns Hi-bulk fibres for soft-feel & warmth Eco-friendly fibres made from 100% post-consumer polyester waste Speciality polyester fibres Apparel. blankets & quilts High-end worsted suitings. canvas. suiting. furniture. wipes & hygiene products) Pillows. home furnishings & garments used in healthcare industry Super soft and ultra comfortable fabrics Recron Stretch Recron Cotluk Recron Dyefast Recron Superblack Recron Superdye Recron Kooltex Recron Fibrefill Recron 3S Recron Certified Recron Low Pill Recron FeelFresh Recron Micrelle Recron Recrobulk Recron Green Sweaters. suiting.Polyester & Fibre Intermediates Paraxylene (PX) Purified Terephthalic Acid (PTA) Mono Ethylene Glycol (MEG) Recron Raw material for PTA Raw material for polyester Raw material for polyester Staple Fibre Filament Yarn Texturised Yarn Twisted / Dyed Yarn Stretch yarns for comfortable fit and freedom of movement Cotton Look. Cotton Feel Yarns Can dye at boiling water temperature with high colour fastness Dope dyed black with high consistency in shade Bright. shirting. swimwear. toys & non-wovens Construction industry (concrete/mortar). spunlace & non-woven fabrics Blouse material. carpets. cement (sheet & pipe). Intimate apparel. quilts. feather yarn for knitted cardigan. sportswear. curtain & bed sheet Ladies outerwear. T-shirt. automotive. shawls & jackets Apparel & home textiles Recron Spunlace High quality non-woven products for the healthcare & hygiene industry . furnishing & home textile Active sports and high performance wear Pillows. socks. cushions.Reliance Industries Limited 3 Business/ Brand Product Brand End Uses Petrochemicals . dress material. upholstery fabrics & socks Active sportswear. decorative fabric & home furnishing Apparel. industrial sewing thread. battery industry. pullovers. furnishing fabric. cushions. medical bandages & diapers Dress material. luggage. filtration. denim. mattresses. home textile. cardigans. automotive upholstery. non-woven & interlining Woven & knitted apparel.

opticals. leisure. fill & comfort products. shirts & trousers Fabrics V2 Fabrics Retail Reliance Retail Food & Grocery Specialty Store Mini Hypermarket Hypermarket Electronics Specialty Store Exclusive Apple Store Apparel Specialty Health. entertainment. tear proof and fade. Toys & Gifts Specialty Store Organised retail Fresh vegetables. Tarpaulin. agro-chemical and food products Textiles Vimal Vimal Gifting Suitings. jackets. home textiles & institutional products requiring high washing. gaming merchandise Range of Apple products like IPod and IMac Men. handbags and accessories Fine jewellery Books. skin and personal care merchandise Men. nutrition. sublimation & rubbing colour fastness. pharmaceutical. furniture and jewellery Computers. leisure. Wellness & Pharma Specialty Store Footwear Specialty Store Jewellery Specialty Store Books. general and convenience merchandise Grocery. safety etc. clothing. Tents & Awnings Recron Safeband Crepe and Rolled Bandages Safeband Relpet Packaged-water. transport. sports. home merchandise. Shirtings. take away fabric in gift packs Ready-to-stitch. Music. beverages. children footwear. electronics. stationery. beauty and style. Institutional textiles for hospitality.Polyester & Fibre Intermediates Recron Swarang Recron FR Recron Duratarp Pre-coloured yarns based on chromopohoresmolecular technology Flame retardant Fibres & Yarns Polyester Fibres with increased abrasion resistance for better water proof. mobiles.4 New Businesses. entertainment. natural remedies. Take away fabric Fabrics. beauty and style. ladies. Also used in home textiles. toys and gifting merchandise . grocery. fitness. children clothing and accessories Pharma.proof qualities Structurally modified polyester fibre with antimicrobial and antifungal properties surgical dressings Polyethylene Terephthalate (PET) Apparel. New Partnerships. confectionary. suits. music. clothing. New Technologies. Business/ Brand Product Brand End Uses Petrochemicals . ladies. Readymade Garments Ready-to-stitch. electronics and home merchandise Grocery.

Sunglasses. Ladies Sports footwear. cookware and kitchen aids Repair & maintenance services for 2 & 4 wheelers. crockery. batteries & other automotive accessories Apparel. footwear and accessories Men’s apparel. Accessories & Home Products Store Iconic Japanese Sports Performance brand Transportation fuels Fleet Management Services Highway Hospitality Services Vehicle Care Services Convenience Shopping Foods Auto LPG Brand End Uses Design-led furniture sets for the home & home-office. wide range of tyres. Lingerie. footwear and accessories Apparel. home furnishings.Reliance Industries Limited 5 Business/ Brand Product Furniture. glassware. Contact Lenses Apparel for Women. Office Supplies and Stationery Store Optical Specialty Store International Apparel. footwear and accessories Footwear and apparel Men’s apparel. cutlery. home decor. Furnishing & Homeware Specialty Store Automotive Services & Products Specialty Store Iconic Italian Lifestyle Brand Authentic Outdoor Foot wear and Apparel Brand Luxury Sportswear Brand Italian Luxury Men’s clothing Outdoor Sports Lifestyle Brand Fashion Forward Footwear and Accessories Brand for Women The Finest Toys in the World Office Needs. footwear and accessories Footwear and accessories Toys Office and Personal Stationery Spectacles. clothing & accessories GAPCO Petroleum Retail Lubricants . Men and Children. Beauty and Home Décor Men.

Product Flow Chart . New Technologies. New Partnerships.6 New Businesses.

June 3.com Website : www. Ambani Executive Directors Nikhil R. Maharashtra.391 346. Modi Hardev Singh Kohli2 Prof. Dipak C.com Toll Free No. 2010 upto May 16. Jain Dr. Prasad Pawan Kumar Kapil1 Non Executive Directors Ramniklal H. at Birla Matushri Sabhagar. India Registered Office Registrars & Transfer Agents 3rd Floor. May 16. Gujarat.m. 2010 Finance Committee Mukesh D. Dharam Vir Kapur (Chairman) Yogendra P.392 130 Gujarat. Ambani Mansingh L. Mashelkar Vinod M.com e-mail: rilinvestor@karvy.O. Trivedi (Chairman) Remuneration Committee Mahesh P. Dharam Vir Kapur Mahesh P. Mashelkar Company Secretary Solicitors & Advocates Auditors 1 2 w.Reliance Industries Limited 7 Company Information Board of Directors Chairman and Managing Director Mukesh D. Modi (Chairman) Prof. India Nagothane P.com th 37 Annual General Meeting on Friday.402 125. Tel: +91 22 2278 5000 Fax: +91 22 2278 5111 Hyderabad 500 081.ril. O. Bharuch . Raigad Maharashtra. 2011 at 11.f.5099 e-mail: investor_relations@ril. 19. . Trivedi Shareholders’/Investors’ (Chairman) Grievance Committee Mukesh D. Meswani P. Meswani and Stakeholders’ Dr. Gujarat. Raghunath A. P. Chaturvedi & Shah Deloitte Haskins & Sells Rajendra & Co. Trivedi Nikhil R. Board Committees Audit Committee Yogendra P. India. Dipak C. Fax: +91 40 2311 4087. Ambani (Chairman) Nikhil R. Bhakta Yogendra P. Meswani Health. 17-24. Petrochemicals Vadodara . Petrochemicals Township. Ambani Kanga & Co.O. Safety & Environment Committee Corporate Governance Hital R. Dharam Vir Kapur Yogendra P. Bhakta Dr. Meswani HDFC Bank Limited ICICI Bank Limited IDBI Bank Limited Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab National Bank Jamnagar SEZ Unit Village Meghpar / Padana. Meswani Hital R. Ashok Misra Prof. Bhatha Surat-Hazira Road Surat 394 510.S. Mumbai 400 021. Modi Mansingh L. Patalganga 410 220 Near Panvel. Industrial Area. India Gadimoga Tallarevu Mandal East Godavari District Gadimoga – 533 463 Andhra Pradesh. P. Jain Yogendra P. Modi Dr.A Credit Agricole Corporate and Investment Bank Corporation Bank Deutsche Bank The Hong Kong and Shanghai Banking Corporation Limited Hazira Village Mora. Dahej. India Plot No. Ambani Mansingh L. Madhapur.karvy. 1800 425 8998. 222 Nariman Point. Dist. India Standard Chartered Bank State Bank of Hyderabad State Bank of India State Bank of Patiala Syndicate Bank The Royal Bank of Scotland Union Bank of India Vijaya Bank Patalganga B-4. Taluka Lalpur Jamnagar 361 280 Gujarat. Website : www. Nagothane Raigad . Trivedi Employees Stock Compensation Committee Dr. India Jamnagar Village Meghpar / Padana. Maker Chambers IV Karvy Computershare Private Limited.M.00 a. Bhakta Mahesh P. India Vadodara P. Raghunath A. Vittal Rao Nagar. Trivedi Dr. O. Tel: +91 40 4465 5070 . Taluka Lalpur Jamnagar 361 280 Gujarat. India Bankers Allahabad Bank Andhra Bank Bank of America Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Major Plant Locations Dahej P. India Citibank N. O. Dharam Vir Kapur Interface Committee Pawan Kumar Kapil Yogendra P. Mumbai 400 020. Marine Lines.e. Trivedi (Chairman) Mahesh P. Meswani Hital R. Meswani Hital R.

)* * Normalised on account of issue of Bonus Share in the ratio of 1:1 in 2009-10 . crore) (Excluding Exceptional Item) Net Worth (Rs. New Technologies. crore) Profit After Tax (Rs. crore) Earnings Per Share (Rs. crore) Market Capitalisation (Rs. New Partnerships.)* (Excluding Exceptional Item) Book Value Per Share (Rs. 10 Years Trend Turnover (Rs.8 New Businesses.

054 342 26.236 70 2.235 1.396 33.4 0.540 1.44.269 1.815 11.651 2.981 1.2 14.440 1.0 14.8 14.10.60:1 18.5 0.388 1.864 10.2 09-10 49.9 3.967 89.1 23.696 15.547 34.234 3.48.574 25.17.5 733 1.004 2.24.526 1.309 130 1.574 69 28.7 0.0 02-03 29.540 15.9 21.5 663 1.6 1.2 525.935 4.267 1.696 24.65.3 03-04 36.000 2.5 8.374 5.6 325.497 16.4 13.3 0.079 12.733 19.603 12.3 10.98.837 4.373 49.010 40.328 1.737 38.458 130 1.5 9.915 13.084 3.449 20.37.673 1.057 34.44:1 16.8 3.46:1 16.812 48.365 17.03.44:1 17.393 1.327 52.160 52.9 177.0 2010-11 62.51. Interest and Tax (EBDIT) Depreciation Exceptional Items Profit After Tax Equity Dividend %* Dividend Payout Equity Share Capital Equity Share Suspense Account Equity Share Warrants Reserves and Surplus Net Worth Gross Fixed Assets Net Fixed Assets Total Assets Market Capitalisation Number of Employees Contribution to National Exchequer 09-10 08-09 07-08 06-07 05-06 04-05 03-04 02-03 01-02 58.18.086 63.3 103.9 08-09 49.0 28.860 35.358 12.28.400 1.7 8.8 20.27.55.816 412 3.243 47.21.3 06-07 82.730 33.658 2.679 11.42.393 39.7 612.18.586 76.0 289.595 (Exchange rate as on 31.366 2.273 33. Debt : Equity Ratio EBDIT / Gross Turnover % Net Profit Margin % RONW % * ROCE % * 13.485 41.46:1 19.950 Key Indicators $ Earnings Per Share .18.943 110 1.5 20.608 20.124 89.416 27.44:1 15.178 13.898 1.5 04-05 54.832 9.525 4.344 12.157 75.Rs.Rs.393 48.1 639.2 22.972 24.703 2.0 0.261 33.069 100 1.63:1 17.847 4.095 73.9 401.1 16.3 958.07.549 535 734 41.724 7.2 0.104 50 698 1.097 9.195 (370) 15. in crore 2010-11 $ Mn Turnover Total Income Earnings Before Depreciation.006 2.399 1.247 1.84.440 22.2 17.8 10.989 12.132 11.706 1.5 21.33.51.393 60 62.179 1.1 560.0 790.804 91.983 3.889 71.353 76.082 80.2 440.58.905 1.189 63.045 1.487 13.3 358.860 1.1 16.6 357.8 15.29.61.320 2.1 15.2011) * Adjusted for issue of bonus shares in 2009-10 in the ratio of 1:1 ** Adjusted for CWIP and revaluation .184 56.113 13.453 56.64:1 19.8 13.682 78.313 81.9 0.164 74.247 57.Reliance Industries Limited 9 Financial Highlights Rs.51.719 2. 44.931 30.171 1.7 20.5 463.875 1.02.051 4. Book Value Per Share .5 05-06 65.897 1.247 5.972 56.411 49.3 In this Annual Report $ denotes US$ 1US$ = Rs.5 10.514 63.48.5 0.7 464.252 2.5 13.061 34.39.6 20.387 84.041 10.69.984 3.3 07-08 105.270 25.661 28.719 23.096 51.846 2.56:1 19.684 2.903 50.403 59.8 217.1 7.354 58.39. [excluding Exceptional item]* Turnover Per Share .9 419.2 814.210 45.46.911 3.49.Rs.401 9.928 62.2 0.396 28.9 7.385 3.614 14.675 93.3 21.8 402.955 35.385 10.286 80 2.807 14.261 3.901 1.5 3.631 1.146 71.2 0.8 246.45:1 20.404 46.186 8.26.470 33.3 10.721 3.614 2.572 75 1.454 1.2 199.958 6.792 1.982 3.2 01-02 20.00.45.

Chartered Accountants. Directors. Shri Nikhil R. will be credited / dispatched between June 4. Relevant documents referred to in the accompanying Notice are open for inspection by the members at the Registered Office of the Company on all working days. read with Section 256 of the Companies Act. 108355W).m. 222 Nariman Point. the dividend will be paid to members whose names are furnished by National Securities Depository Limited and Central Depository Services (India) Limited as beneficial owners as on that date. retire by rotation at the ensuing Meeting and being eligible. Chaturvedi & Shah. 2011 at 11. Ashok Misra and Shri Yogendra P. Chartered Accountants (Registration No. 3.00 a. Mumbai 400 021. Deloitte Haskins & Sells. Prof. with or without modification(s). In case of joint holders attending the Meeting. and 1. 7.m. 19. only such joint holder who is higher in the order of names will be entitled to vote. at Birla Matushri Sabhagar. nature of their expertise in specific functional areas. 2011 to Saturday. 117366W) and M/s.com Notes: 1. A member entitled to attend and vote at the annual general meeting (the “Meeting”) is entitled to appoint a proxy to attend and vote on a poll instead of himself and the proxy need not be a member of the Company. offer themselves for re-appointment. India e-mail: investor_relations@ril. up to the date of the Meeting. June 3. Rajendra & Co.. 6.00 p.10 New Businesses. Corporate members intending to send their authorised representatives to attend the Meeting are requested to send to the Company a certified copy of the Board Resolution authorising their representative to attend and vote on their behalf at the Meeting. between 11. the Profit and Loss Account for the year ended on that date and the reports of the Board of Directors and Auditors thereon. shareholding and relationships between directors inter-se as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges in India. “RESOLVED THAT M/s. 2. if declared at the Meeting. Chartered Accountants (Registration No. 5. To declare a dividend on equity shares. To appoint Directors in place of those retiring by rotation. in respect of the shares held in dematerialized form.00 a. 2011 (both days inclusive) for determining the names of members eligible for dividend on Equity Shares. Ambani President and Company Secretary April 21. if declared at the Meeting.. 2011. Mumbai 400 020. the following resolution as an Ordinary Resolution: 4. 8. New Partnerships. 4. 2.” By Order of the Board of Directors Vinod M. Brief resume of all Directors including those proposed to be appointed. In terms of Article 155 of the Articles of Association of the Company. are provided in the Report on Corporate Governance forming part of the Annual Report. Notice Notice is hereby given that the Thirty-seventh Annual General Meeting of the members of Reliance Industries Limited will be held on Friday. Maker Chambers IV. 1956. 101720W). Members are requested to bring their attendance slip along with their copy of annual report to the Meeting. (b) The dividend on Equity Shares. 2011 and June 9. 2011. to transact the following businesses : Ordinary Business: 1. 3. New Technologies. The instrument appointing the proxy should. May 14. The Board of Directors of the Company commends their respective reappointments. however.m. Ambani. M/s. Meswani. (a) The Company has already notified closure of Register of Members and Share Transfer Books from Monday. . To appoint Auditors and to fix their remuneration and in this regard to consider and if thought fit. Shri Ramniklal H. to pass. 2011 to those members whose names shall appear on the Company’s Register of Members on May 9. 2011 Registered Office: 3rd Floor. be and are hereby appointed as Auditors of the Company. names of companies in which they hold directorships and memberships / chairmanships of Board Committees. to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on such remuneration as shall be fixed by the Board of Directors. Trivedi. (Registration No. be deposited at the registered office of the Company not less than forty-eight hours before the commencement of the Meeting. except Saturdays. May 9. To consider and adopt the audited Balance Sheet as at March 31. New Marine Lines.

Members holding shares in electronic form may note that bank particulars registered against their respective depository accounts will be used by the Company for payment of dividend. The nomination form can be downloaded from the Company’s website www. Members holding shares in electronic form are. 16. Karvy Computershare Private Limited. Pursuant to the provisions of Section 205A(5) and 205C of the Companies Act. By Order of the Board of Directors Vinod M. Members who hold shares in physical form in multiple folios in identical names or joint holding in the same order of names are requested to send the share certificates to Karvy. Members are requested to fill in and send the Feedback Form provided in the Annual Report. branch. 1956. immediately of : a) Change in their residential status on return to India for permanent settlement. 10. for consolidation into a single folio. account type. therefore.ril. Such changes are to be advised only to the Depository Participant of the members. Karvy Computershare Private Limited. Ambani President and Company Secretary April 21. 17. Members holding shares in physical form are requested to advise any change of address immediately to the Company/Registrars and Transfer Agents.Reliance Industries Limited 11 9. requested to submit the PAN to their Depository Participants with whom they are maintaining their demat accounts. the Company has transferred the unpaid or unclaimed dividends for the financial years 1995-96 to 2002-03. 12.com under the section ‘Investor Relations’. M/s. Members holding shares in electronic form are requested to intimate immediately any change in their address or bank mandates to their Depository Participants with whom they are maintaining their demat accounts. members who have not registered their e-mail addresses. 13.com Important Communication to Members The Ministry of Corporate Affairs has taken a “Green Initiative in the Corporate Governance” by allowing paperless compliances by the companies and has issued circulars stating that service of notice/ documents including Annual Report can be sent by e-mail to its members. Non-Resident Indian Members are requested to inform Karvy. The Company or its Registrars and Transfer Agents cannot act on any request received directly from the members holding shares in electronic form for any change of bank particulars or bank mandates. Postage for sending the feed back form will be borne by the Company. if not furnished earlier. . in respect of electronic holdings with the Depository through their concerned Depository Participants. Mumbai 400 021. to the Investor Education and Protection Fund (the IEPF) established by the Central Government. 222 Nariman Point. Members holding shares in physical form can submit their PAN details to the Company / Registrars and Transfer Agents. Maker Chambers IV. 2011 Registered Office: 3rd Floor. account number and address of the bank with pin code number. are requested to register their e-mail addresses. Members holding shares in single name and physical form are advised to make nomination in respect of their shareholding in the Company. so far. b) Particulars of their bank account maintained in India with complete name. Members are advised to refer to the Shareholders’ Referencer provided in the Annual Report. The Securities and Exchange Board of India (SEBI) has mandated the submission of Permanent Account Number (PAN) by every participant in securities market. 15. 14. Members who hold shares in physical form are requested to fill the appropriate column in the members feedback form (refer page 203 of the Annual Report) and register the same with Karvy Computershare Private Limited. 11. To support this green initiative of the Government in full measure. India e-mail: investor_relations@ril. M/s.

market position. The Company is confident that the combination of its complementary strengths will open new opportunities to meet the growing global energy demand and raise value for its shareholders. Future performance payments of upto $ 1. In FY-11. ‘projects’. and 720 billion cubic feet (BCF) of natural gas . ‘will’. will enhance Reliance’s position in development of unconventional natural gas and oil resources and develop new competencies in operating new businesses. expenditures. It has regularly generated higher income from its productive capital base. RIL completed two years of operations of its KG-D6 production facility. identified by words like ‘plans’. modify or revise any such statements on the basis of subsequent developments.12 New Businesses. The Company’s actual results. RIL maintained a long-term strategic approach during the recent economic downturn. Management's Discussion and Analysis Forward-looking statements The report contains forward-looking statements. ‘estimates’ and so on. Production from KG-D6 for FY-11 was 7. are forward-looking statements. FY-11 was a strong year for its upstream oil and gas business. and the formation of a joint venture (50:50) for sourcing and marketing gas in India.6 million metric tonnes (MMT) of crude. This partnership comprises BP taking 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India.8 billion could be paid based on exploration success that results in the development of commercial discoveries. developed and executed projects while applying best practices that ensure superior project returns across a range of scenarios.7% respectively. .a growth of 97. RIL has applied to local regulatory authorities and the Government of India for necessary approvals for this partnership. For the sixth consecutive year. including the KG-D6 block. information or events. New Technologies. and superior cash flow served its shareholders well in the Financial Year 2010 – 2011 (FY-11).2 billion. OVERVIEW Value creation through operating excellence and new initiatives In line with its aspirations of ongoing growth. ‘seen to be’. These JVs. Its current rankings are as follows: 175 based on revenues 100 based on profits RIL . the Company cannot guarantee that these are accurate or will be realised. RIL and BP announced a strategic partnership in the oil and gas business. at its Jamnagar refinery complex.BP alliance During the year. performance or achievements could thus differ from those projected in any forward-looking statements. New Partnerships. The Company assumes no responsibility to publicly amend. for the interests to be acquired in the 23 production sharing contracts in India. but not limited to the Company’s strategy for growth. It not only delivered new supplies of crude oil and natural gas to the nation. It processed 66. All statements that address expectations or projections about the future.6% and 41. Reliance entered into four Joint Ventures (JV) in the United States of America. These strategies and initiatives are aimed to ensure that Reliance delivers long-term growth and creates unprecedented value for its stakeholders. but also provided significant value for the Company and its shareholders. with focus on operational excellence and disciplined approach towards capital investment to deliver shareholder value. RIL has been featured in the Fortune Global 500 list of the world’s largest corporations. ‘anticipates’. Reliance is investing its resources in core businesses across the integrated energy chain. The Company has identified. Completion of the transaction is subject to Indian regulatory approvals and other customary conditions. over a period. The partnership will also endeavour to accelerate the creation of infrastructure for receiving. In the downstream and chemical business. Since these are based on certain assumptions and expectations of future events. product development. Reliance Industries Limited (RIL) has an integrated business model that combines a long-term perspective. the highest ever. ‘expects’. and completion adjustments. transporting and marketing natural gas in India. It is also taking an initiative of investing in new technologies and businesses that help meet changing aspirations of millions of Indian consumers. The Company maintained operating rates upwards of 100% in the refining and petrochemicals business. ‘intends’. BP will pay RIL an aggregate consideration of $ 7. It has delivered industry-leading financial and operating results that multiply long-term shareholder value. ‘believes’. and financial results. as demonstrated by superior returns on average capital employed. RIL’s proven and tested business model. The partnership will combine BP’s world-class deep-water exploration and development capabilities with Reliance’s project management and operations expertise.95 million barrels (MMBL) of crude oil.

shale gas resources now estimated at 862 TCF. Spearheading the knowledge revolution During the year.3 TCFe (5. under which Reliance acquired a 40% interest in Atlas’s core Marcellus Shale acreage position. and by 2035. leading to better hydrocarbon potential within the block.. Inc.0 TCFe net to Reliance). Continuing success in exploration and production This was yet another successful period for RIL’s oil and gas exploration and production business. Pittsburgh. RIL. Reliance Eagleford Upstream Holding LP. Reliance Marcellus LLC.S. shale gas production is expected to account for 46% of U. off the coast in the Bay of Bengal. Irving.5 TCFe net to Reliance).000 wells with a net resource potential of nearly 3. Texas. through its subsidiary. has entered into a joint venture with the USA based Atlas Energy. which emerged as a successful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) spectrum conducted by the Department of Telecommunication.543 trillion cubic feet (TCF).201. through its subsidiary. RIL and Russia’s SIBUR announced a joint venture for the setting up of a facility for producing 100. The acreage will support the drilling of over 3.000 wells with a net resource potential of approximately 13. with technically recoverable U. Pennsylvania. the following six discoveries were notified to the Directorate General of Hydrocarbons (DGH).S. RIL. The block covers an area of 635 sq. During the period. The judgment recognized the dominant . the Company took a significant step by entering into partnerships in the United States of America with Atlas Energy. Government of India: Dhirubhai-47 in Well AF1 in CB-10 block Dhirubhai-48 in Well AJ1 in CB-10 block Dhirubhai-49 in Well AT1 in CB-10 block Dhirubhai-50 in Well AN1 in CB-10 block Dhirubhai-51 in Well AR1 in CB-10 block Dhirubhai-52 in Well W1 in KG-V-D3 block Supreme Court judgement in RNRL-RIL dispute The Honourable Supreme Court of India has delivered its judgment in the Reliance Natural Resources Limited (RNRL) -RIL legal dispute. shale gas resources is reflected in USA’s Department of Energy’s EIA Annual Energy Outlook 2011 energy projections. 4. km. These discoveries are significant as this play fairway is expected to open more oil pool areas.288 sq. awarded under the NELP-V round of exploration bidding.000 tonnes of butyl rubber in India. has entered into a joint venture with the USA based Carrizo Oil & Gas Inc.750 wells with a net resource potential to the joint venture of nearly 10 TCFe (4. available with only a very few companies globally. Reliance Marcellus II LLC.4 TCFe (2. The deepwater block KG-DWN-2003/1 is located in the Krishna basin. RIL sees the broadband opportunity as a new frontier of knowledge economy in which it is confident of taking leadership position and providing India with an opportunity to be in the forefront among the countries providing world-class 4G network and services. The Company also made a gas discovery in the exploration block KG-DWN-2003/1 (KG-V-D3) of NELP-V. Joint venture for Butyl Rubber production in India During the year. viz. The Company made five oil discoveries in the on-land exploratory block CB–ONN–2003/1 (CB-10 A&B) in the Cambay basin. It has also entered into a separate joint venture with Pioneer Natural Resources aimed at addressing the mid-stream opportunity in gas evacuation and transportation.3 TCFe net to Reliance). through its subsidiary.64 crore by way of subscription to equity capital issued by Infotel Broadband. This is a significant step towards Reliance’s commitment to service India’s growing automotive sector by bringing in complex technologies. natural gas production as per the report. RIL acquired a 95% stake in Infotel Broadband Services Limited. in two parts. km. RIL has invested Rs. Government of India.Reliance Industries Limited 13 Shale gas joint ventures The growing importance of U. The setting up of domestic manufacturing of butyl rubber will fulfill a longstanding demand of the Indian tyre and rubber industry. in which RIL holds a 90% PI. The acreage will support the drilling of approximately 1. During the year. shale gas resources constitute 34% of the domestic natural gas resource base and 50% of 48 onshore resources in the US. As a result. under which Reliance acquired a 45% interest in Pioneer’s core Eagle Ford shale acreage position. shale gas is the largest contributor to the projected growth in production. The acreage will support the drilling of over 1.. RIL. Given a total natural gas resource base of 2. The block covers an area of 3. Pioneer Natural Resources and Carrizo Oil & Gas through three distinctive joint venture agreements. under which Reliance acquired 60% interest in Marcellus Shale acreage in central and northeast Pennsylvania. has entered into a joint venture with the USA based Pioneer Natural Resources Company. Part A & Part B. RIL holds 100% participating interest (PI) in the block. about 45 km.S.

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New Businesses. New Technologies. New Partnerships.

role of the provisions of the Production Sharing Contract and upheld the policies formulated by the Government under which it has the authority to regulate production and distribution of natural gas. RIL and RNRL signed a Gas Supply Master Agreement in compliance with the Gas Utilization Policy and EGOM decisions. During the year, RIL and Reliance ADA Group companies approved and signed an agreement cancelling all existing non-compete arrangements entered between the two groups in January 2006, pursuant to the scheme of reorganization of the Reliance Group and entered a new simpler, non-compete agreement with respect to only gas-based power generation. Financial performance Turnover PBDIT Cash profit Net profit Rs. 2,58,651 crore $ 58,000 million Rs. 41,178 crore $ 9,234 million Rs. 34,530 crore $ 7,743 million Rs. 20,286 crore $ 4,549 million + 29% + 30% + 25% + 26% + 24% + 25% + 25% + 26%

The consumption of raw materials increased by 31% from Rs. 1,47,919 crore to Rs. 1,93,234 crore ($ 43.3 billion). This was mainly on account of higher crude oil processed in the SEZ refinery. Traded goods purchases were Rs. 1,464 crore ($ 328 million) as compared to Rs. 2,996 crore in the previous year. The staff cost was Rs. 2,624 crore ($ 588 million) for the year as against Rs. 2,350 crore in the previous year. The operating profit before other income increased by 25% from Rs. 30,581 crore to Rs. 38,126 crore ($ 8.5 billion). The net operating margin for the period was 15.4 % as compared to 15.9% in the previous year. Other income was higher at Rs. 3,052 crore ($ 684 million) against Rs. 2,460 crore, primarily due to higher average cash balances. EBITDA increased by 25% from Rs. 33,041 crore to Rs. 41,178 crore ($ 9.2 billion). Interest cost was higher at Rs. 2,328 crore ($ 522 million) as against Rs. 1,997 crore. The gross interest cost was lower at Rs. 2,802 crore ($ 628 million) as against Rs. 2,981 crore for the previous year on account of lower interest rates. The interest capitalised was lower at Rs. 474 crore ($ 106 million) as against Rs. 984 crore in the previous year due to commissioning of projects. Depreciation (including depletion and amortisation) was higher at Rs. 13,608 crore ($ 3.1 billion), against Rs. 10,497 crore in the previous year, primarily on account of higher depletion charges in oil and gas and incremental depreciation due to the SEZ refinery. Profit after tax was Rs. 20,286 crore ($ 4.5 billion) as against Rs. 16,236 crore for the previous year, an increase of 25%. The earning per share (EPS) for the year was Rs. 62.0 ($ 1.4). Net gearing at 13.5%, net debt to equity of 0.17, return on capital employed at 13.2% and return on equity at 15.5% are measures of RIL’s strong financial position at the end of the year. During the year, the Company has issued and allotted 29,99,648 equity shares to the eligible staff of the Company and its subsidiaries under Employees Stock Option Scheme. As a result, the Company’s equity share capital stands at Rs. 3,273 crore. The net capital expenditure for the year ended March 31, 2011 was Rs. 6,068 crore ($ 1.4 billion). During the year, a total of Rs. 28,719 crore ($ 6.4 billion) was paid in the form of taxes and duties.

The net profit for the year was at Rs. 20,286 crore ($ 4,549 million) with a Compounded Annual Growth Rate (CAGR) of 23% over the past 10 years. RIL has announced a dividend of 80% amounting to Rs. 2,772 crore ($ 622 million), including dividend distribution tax. This is one of the highest payouts by any private sector company in India. RIL continues to play a pivotal role in the growth of India’s economy and endeavours to contribute to the nation’s progress. It accounts for: 13.4% of exports 6.9% of the indirect tax revenues 4.8% of the market capitalisation Weightage of 11.9% in the BSE Sensex Weightage of 10.1% in the NSE Nifty FINANCIAL REVIEW RIL delivered superior financial performance with improvements across key parameters. The turnover achieved for the year ended March 31, 2011 was Rs. 2,58,651 crore ($ 58.0 billion), a growth of 29% over the previous year. The increase in revenue was due to 11% rise in volumes and 18% rise in prices. During the year, exports including deemed exports, were higher by 33% at Rs. 1,46,667 crore ($ 32.9 billion).

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RIL maintained its status as India’s largest exporter. The exports, including deemed exports, were at Rs. 1,46,667 crore ($ 32.9 billion) as against Rs. 1,10,176 crore in the previous year. RIL exported to 122 countries around the world. The exports represent 57% of RIL’s turnover. Petroleum products constitute 88% while the balance is contributed by petrochemicals. Resources and liquidity In FY-11, RIL took advantage of low interest rates and raised capital at historically low costs. During the year, RIL raised $ 1 billion through external commercial borrowings at competitive rates and issued Rs. 500 crore of debentures. Additionally, Reliance Holding USA, Inc., a wholly owned subsidiary of RIL raised $ 1.5 billion through the issuance of 10 and 30 year senior notes. The notes were tightly priced as a result of significant investor demand and allowed Reliance to considerably extend its maturity profile. The offering was India’s largest corporate bond issuance and the first US Dollar 30 year bond issuance out of Asia since 2003, showcasing the creditworthiness of Reliance and its access to public capital markets. RIL continuously undertakes liability management to reduce cost of debt and to diversify its liability mix. As on March 31, 2011, RIL’s total long-term debt was at Rs. 55,092 crore ($ 12.4 billion). RIL’s cash and cash equivalent stood at Rs. 42,393 crore ($ 9.5 billion) as at March 31, 2011. RIL’s net debt was Rs. 25,004 crore which is the equivalent of 0.60 times of its FY-11 EBITDA. The increase in cash was primarily driven by the receipt of Rs. 9,004 crore ($ 2.0 billion), part of the total consideration of $ 7.2 billion to be received from BP Exploration (Alpha) Limited. RIL continued to efficiently manage its shortterm resources by placing them in very liquid, highly rated securities such as bank fixed deposits, CDs, Government securities and bonds. RIL’s short-term debt of Rs. 12,305 crore ($ 2.8 billion) is adequately covered by its net working capital. As at the end of the fiscal year, RIL’s total debt was Rs. 67,397 crore. 85% of long-term debt and almost all of RIL’s short-term debt was denominated in foreign currencies. RIL’s long-term debt to equity ratio was at 0.37. RIL’s gross debt to equity ratio, including long-term and short-term debt as on March 31, 2011, was at 0.44, while the net debt to equity ratio was at 0.17. As on March 31, 2011, RIL’s net gearing was 13.5 %.

RIL’s superior credit profile is reflected in its lending relationships, with over 100 banks and financial institutions having commitments to RIL. RIL’s financial discipline and prudence is also reflected in the strong credit ratings ascribed by rating agencies. Its continued balance sheet strengthening in FY-11 resulted in Moody’s, Fitch and S&P recently upgrading their outlook for the Company. Moody’s has rated RIL’s international debt at investment grade Baa2, with an upgraded outlook from ‘stable’ to ‘positive’. S&P has rated RIL’s international debt as BBB, which is a notch above India’s sovereign rating. S&P recently upgraded its outlook on RIL from ‘stable’ to ‘positive’. RIL’s long-term debt is rated AAA by CRISIL and ‘Ind AAA’ by Fitch, the highest rating awarded by both these agencies. RIL’s short-term debt is rated P1+ by CRISIL, the highest credit rating assigned in this category. BUSINESS REVIEW OIL & GAS EXPLORATION AND PRODUCTION Energy markets have improved significantly over the past 12-15 months as a result of improved economic growth, higher demand for refined products and limited supplies of crude oil. In 2010, global oil demand grew by 3.4% (or 2.9 MMBD) to 87.9 MMBD, which is the highest growth in the last 30 years. Emerging Asia which comprises India and China, accounted for 40% of the oil demand increase. Global LNG markets also grew by 13% and are currently at 275 million tonnes per annum (MMTPA). Crude prices increased 25% during the year wherein Brent oil prices averaged $86.7/bbl vis-à-vis $69.5/bbl in FY-10. In FY-11, the US benchmark Henry Hub gas prices averaged $4.13/MMBTU vis-à-vis $3.98/MMBTU in FY-10. Prices remained range-bound in the US due to excess drilling and lack of export infrastructure. However, Asian LNG prices remained linked to crude oil and spot prices in recent months touched $10-12/MMBTU. It is expected that global energy consumption growth will average at around 1.7% per annum over the next two decades. Of this, non-OECD energy consumption is expected to be 68% higher by 2030, averaging 2.6% p.a. growth, and accounting for 93% of global energy growth. OECD energy consumption in 2030 is expected to be around 6% higher than today, with growth averaging at a measly 0.3% p.a. over the next two decades. The fuel mix is changing relatively slowly, due to long asset lifetime, but gas and non-fossil fuels are gaining share at the expense of coal and crude oil. The fastest growing fuels are renewables (including biofuels) which

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New Businesses. New Technologies. New Partnerships.

are expected to grow at 8.2% p.a. 2010-30; among fossil fuels, gas grows the fastest (2.1% p.a.). Non-OECD countries are likely to account for 80% of the global rise in gas consumption, with growth averaging at around 3% p.a. Demand growth is expected to be the fastest in non-OECD Asia (4.6% p.a.) and the Middle East (3.9% p.a.). It is expected that over the next two decades, China could consume about 43 BCF per day, which is comparable to that of the 47 BCF per day that EU currently consumes. The growth is expected to remain modest in OECD markets (1% p.a.), particularly in North America. Oil continues to suffer a long run decline in market share, while gas is steadily gaining. Natural gas is projected to be the fastest growing fossil fuel globally. Production is expected to grow in every region except Europe, with Asia accounting for the world’s largest production and consumption increments. The IEA estimates that global upstream capital spending, which had fallen by 15% in 2009, has rebound in 2010 and is pegged at $ 470 billion. Global offshore capital expenditure is estimated at $ 150 billion and nearly $ 874 billion is expected to be spent over the next five years. A substantial portion of this investment will flow into deepwater. Deep-water capital expenditure is pegged at nearly $ 50 billion and deep-water production is set to double in the next five years. Currently, there are very few fields with water depths of more than 2,000 meters under development. Many of the recent discoveries have been in those water depths. The capital expenditure sanctioned in this water depth is likely to double by 2012. The role of unconventional oil is also expected to increase significantly and will touch 10% of world oil demand by 2035. India continues to remain amongst the fastest growing economies of the world with a projected growth of 8-9%. Consequently, India’s energy needs are expected to treble by 2035 from 468 million tonnes of oil equivalent (MTOE) to nearly 1405 MTOE. India can fulfill its agenda for climate change as natural gas used to generate power has half the CO2 emissions of conventional coal power generation and near-zero sulphur emissions. Indian gas market In India, gas constitutes around 10% of the current energy basket compared to the global average of 24% and hence presents a vast potential for growth. The demand for natural gas in India is expected to grow at a CAGR of 10% over the next five years and could soon be a significant player in the global gas market.

RIL – BP partnership On February 21, 2011, RIL and BP announced a strategic partnership between the two companies and signed the relationship framework and transactional agreements. The partnership across the full value chain comprises BP taking a 30% stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the producing KG-D6 block. The partnership will aim to combine BP’s deep-water exploration & development capabilities with Reliance’s project management & operations expertise. The two companies will also form a joint venture (50:50) for the sourcing and marketing of gas in India and bid together for incremental opportunities in the deep-water blocks in the east coast of India. BP will pay RIL an aggregate consideration of $ 7.2 billion, and completion adjustments, for the interests to be acquired in the 23 production-sharing contracts. Future performance payments of upto $ 1.8 billion could be paid based on exploration success that results in development of commercial discoveries. RIL will continue to be the operator under the production-sharing contracts. Completion of the transactions is subject to regulatory and the Government of India approvals. RIL gas marketing KG-D6 was the single largest source of domestic gas in the country for FY-11 and accounted for almost 35% of the total gas consumption in India. The gas from KG-D6 catered to demand from 57 customers in critical sectors like fertilizer, power, steel, petrochemicals and refineries. The gas from KG-D6 accounted for about 44% of the total domestic gas production paving the way for increased energy independence for the country. RIL’s E&P business: KG-D6 KG-D6 gas fields completed 730 days of 100% uptime and zero-incident production. An average daily gas production from KG-D6 block for the year was 55.9 MMSCMD with a cumulative production of 1,257 BCF since inception, of which 720 BCF was produced in the current fiscal. An average oil production for the year from the block was 21,971 barrels per day with a cumulative production of 14 MMBL of oil and condensate since inception, of which 8 MMBL of oil and 1 MMBL of condensate was produced in the current fiscal. In the D1-D3 gas fields a total of 20 wells have been drilled, of which 18 are production wells. Of these, 2 wells have been drilled this fiscal. 6 wells in the D26 field are under production. Of these, MA-2 which was earlier a gas injection well has been

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converted to a production well since April 2010. An integrated development plan for all gas discoveries in KG-D6 is being conceptualized. This will encompass existing wells and other discoveries within the block to maximize capital efficiency and to accelerate monetization. Other domestic blocks The Company made six discoveries during the year which are as follows: • • Well W1 in the KG-V-D3 block Well AF1, AJ1, AT1, AN1 and AR1 in on-land CB-10 block

The Company has also submitted initial proposal for commerciality to DGH for review and discussion for the following blocks: • • • Discovery D33 in GS-01 block Discoveries D39 and D41 in KG-V-D3 block Discovery D36 in KG-D4 block

Over 40 core holes drilled, logged and tested for gas content, permeability and coal properties • 31 wells air drilled and tested for productivity • 75 hydraulic fracturing jobs done • 5 cavitation completion wells and 2 sets of in-seam horizontal wells The process for acquiring land for well sites, market assessment & infrastructure for evacuation and transportation of gas has commenced. International business During the year, Reliance entered into one of the fastest growing opportunities emerging in the U.S. unconventional gas business through three upstream joint ventures. These joint ventures will materially increase Reliance’s resources base and provide Reliance with an entirely new platform to grow its exploration and production business while simultaneously enhancing its ability to operate unconventional resource projects in the future. RIL - Chevron RIL, through its subsidiary, Reliance Marcellus LLC, entered into a joint venture with Atlas Energy, Inc. (now owned by Chevron Corporation) under which Reliance acquired a 40% interest in Atlas’ core Marcellus shale acreage position. The acquisition cost of participating interest in the JV consisting of $ 339 million of upfront payment and an additional payment of $ 1.36 billion under a carry arrangement for 75% of Atlas’s capital costs over an anticipated seven and a half year development programme. Reliance becomes a partner in approximately 300,000 net acres of undeveloped leasehold in the core area of the Marcellus shale in southwestern Pennsylvania. The acreage will support the drilling of over 3,000 wells with a net resource potential of approximately 13.3 TCFe (5.3 TCFe net to Reliance). While Atlas will serve as the development operator for the joint venture, Reliance is expected to begin acting as development operator in certain regions in coming years as part of the joint venture. Under the framework of the joint venture, Atlas will continue acquiring leasehold in the Marcellus shale region and Reliance will have the option to acquire 40% share in all new acreage. Reliance also obtains the right of first offer with respect to potential future sales by Atlas of around 280,000 additional Appalachian acres currently controlled by Atlas. RIL - Pioneer RIL, through its subsidiary, Reliance Eagleford Upstream LP, entered into a joint venture with Pioneer Natural Resources Company under which Reliance acquired a 45%

RIL has submitted an integrated appraisal programme for all discoveries in Part A of CB-10 block. Further, RIL has been continuing with the appraisal activities for the other discoveries in KG-D6, KG-V-D3 and CB-10 blocks. In FY-11, RIL has relinquished CB-ON/1 block due to their poor prospectivity. Currently, RIL’s portfolio consists of 28 exploration blocks. Panna-Mukta and Tapti fields The Panna-Mukta fields produced 9.3 MMBL of crude oil and 52.1 BCF of natural gas in FY-11 – a decline of 31% and 25% respectively over the previous year. The lower volumes are on account of complete shutdown due to failure of the single point mooring system (SPM) and parting of anchor chains 4 and 5 to the SPM from July 20, 2010 to October 25, 2010. Tapti fields produced 1.2 MMBL of condensate and 95.2 BCF of natural gas in FY-11 – a decline of 22% and 13% respectively over the previous year. The decrease in production was due to a natural decline in the reserves. Drilling of 6 wells in Panna-L is expected to commence soon and oil production is expected in the later part of FY-12. Its reserves are estimated at 7.0 MMBL. The anticipated production from all 6 wells is approximately 3,000 BOPD. CBM blocks RIL holds 3 CBM blocks in Sohagpur (East), Sohagpur (West) and Sonhat. So far, RIL has completed the following work in the Sohagpur (East) and Sohagpur (West) blocks:

Reliance and Carrizo own 60% and 40% interests. Low operating costs. amounting to a total acreage of over 99.052 billion capital costs under a carry arrangement for 75% of Pioneer’s and Newpek’s capital costs over an anticipated four years. 45% and 9% of the joint venture interests. of 3D in Colombia Borojo North and South respectively. The total 2D acquisition was 1395 LKM. Pioneer’s existing partner in Eagle Ford.9% membership interest in the joint venture. Rovi and Sarta. Pioneer believes the acreage will support the drilling of over 1.km. Drilled 3 exploratory wells. Conventional E&P international blocks RIL has 13 blocks in its international conventional portfolio. This acreage is expected to support the drilling of approximately 1. The joint venture has an approximate net working interest of 91% in 289.000 net acres. Reliance Exploration & Production DMCC (REP DMCC) has farmed in Block 39 (Peru) with 10% participation interest and relinquished Block 155 (Peru) where REP DMCC had 28. This upstream transaction consideration included combined upfront cash payments of $ 263 million and additional $ 1.0 TCFe net to Reliance). Reliance and Pioneer formed a midstream joint venture that will service the gathering needs of the upstream joint venture. Reliance and Newpek own 46%. Kurdistan and Colombia. Reliance acquired a 60% interest in Marcellus shale acreage in Central and Northeast Pennsylvania that was held in a 50:50 joint venture between Carrizo and ACP II Marcellus LLC. 3D acquisition of 800 and 400 sq. The joint venture plans to increase the current drilling programme to approximately 140 wells per year within three years. Inc. RIL . respectively. significant liquids content (70% of the acreage lies within the condensate window) and excellent access to services in the region combine to make the Eagle Ford one of the most economically attractive unconventional resources in North America. Oman (Block 41) and Peru (Block 39). km. Reliance Eagleford Midstream LLC.30% participation interest.145 sq. Pioneer and Reliance will have equal governing rights in the joint venture and Pioneer will serve as operator.600 net acres.000 net acres. 1 each in East Timor. The joint venture’s leasehold. comprising $ 340 million of initial payment and $ 52 million of drilling carry obligations. Reliance agreed to a total consideration of $ 392 million. of which Reliance’s 60% interest will represent approximately 62. 2 each in Oman. an affiliate of Avista Capital Partners. 807 crore) has been fully . interest in Pioneer’s core Eagle Ford shale acreage position in two separate transactions. which is largely undeveloped. respectively. Pioneer and Newpek LLC.Carrizo RIL. with a net resource potential of about 3. Additionally. 3 in Yemen (1 producing and 2 exploratory). Reliance is expected to begin acting as development operator in certain areas in coming years as part of the joint venture. Newpek owned an approximate 16% nonoperated interest in Pioneer’s core Eagle Ford shale acreage. During the year. New Partnerships. The joint venture will have approximately 104. Reliance Marcellus II.000 wells over the next 10 years. Under the transaction. through its subsidiary. Reliance acquired 100% of Avista’s interest and 20% of Carrizo’s interests in the joint venture. Reliance’s subsidiary. Pursuant to the transaction.315 billion for its implied share of 118. New Technologies.750 wells with a net resource potential to the joint venture of approximately 10 TCFe (4. the following activity was undertaken as part of the exploratory campaign: • 2D acquisition in Yemen (Blocks 34 and 37).5 TCFe net to RIL). is located in the core area of the Eagle Ford shale in south Texas. Reliance paid $ 1. in a newly formed joint venture between the companies. Pioneer will continue acquiring leasehold in the Eagle Ford Shale and Reliance will have the option to acquire a 45% share in all newly acquired acres. LLC. 1 each in East Timor and Australia. Drilling in Timor was met with limited results. Following the transaction. Under the framework of the joint venture.18 New Businesses.400 net acres of undeveloped leasehold in the core area of the Marcellus shale in central and northeast Pennsylvania. paid $ 46 million to acquire a 49.4 TCFe (2. Pioneer. Also included in the transaction is current production of 28 MMCFe/d (11 MMCFe/d net to Reliance) from five currently active horizontal wells.000 gross acres implying 263. While Pioneer will serve as the development operator for the upstream joint venture. • • The results following the drilling campaign in blocks Oman 18 and East Timor K have not been encouraging and accordingly. the expenditure incurred on these blocks amounting to $177 million (Rs. The drilling carry obligations will provide for 75% of Carrizo’s share of development costs over an anticipated two year development programme. simultaneously conveyed 45% of their respective interests in the Eagle Ford to Reliance. including 2 in Peru. entered into a joint venture with Carrizo Oil & Gas.

Reliance Industries Limited 19 provided for in the books of REP DMCC.5 Geopolitical unrest in the Middle East/North Africa regions has been a major cause for the oil price increase in early 2011.6 (Source: Platts) The consumption of middle distillates. This is resulting in increased supplies of heavier crudes and further impacting lightheavy differentials. seen in the context of the change over the last 2 years.25 MMBPD. Demand growth in 2010 was driven by non-OECD countries which contributed to an additional growth of 2. Refinery outages of around 1.3% below the year-ago level. like tightening fuel standards and rising share of ethanol.6 67. and hence improved complex refining margins. The growing gap between demand and oil supply.8% and 83.000 BPD of diesel supply from the domestic market. REFINING AND MARKETING A year of consolidation and growth The crude oil demand recovered strongly after a period of contraction in 2009. delays in new refining capacities in Asia. Arab light-heavy differential averaged at $ 3. Refinery capacity and utilization It is estimated that the net refining capacity addition in 2009 was 2.9 MMBPD. a wholly-owned subsidiary of RIL.7 84. Recent improvement in overall economic condition has had its positive impact. This should cause light-heavy spread to widen. Higher oil production also resulted in lower spare capacity and consequently putting upward pressure on prices.3 FY-10 High Low Average 45. Stronger oil demand.9 Dubai 111.2% more in early 2011 compared to the year-ago period. oil inventories reduced to five-year averages resulting in lowering OPEC spare capacity. an increase of 86% over the previous year.5 MMBPD refining capacity was running at close to 90% with diesel production of around 1.5%.1% as Americans drove 0.5 47. Limited capacity addition in 2010.5 80.8 Brent 116. 77. Gasoline consumption in non-OECD is underpinned by rising incomes. growth in 2010 was in excess of 4. For FY-11. the DOE of USA estimates gasoline demand is up 1. the fastest recovery in over a decade.5% of last year’s respectively. It is pertinent to note that demand growth in 2009 was (-)1. Prior to the earthquake.5 MMBPD in 2010. Since the oil price spiked in February 2011.9% and below the 5-year average and 5.8%. For most of the year. Structural issues.6 MMBPD and a further 0.2 70. and widening lightheavy oil price differential going forward provide a further upside to complex refining margins in Asia. As a consequence.2 83. leading to higher global oil demand. Large Asian export-oriented refiners are likely to shift products to Japan. the part of the barrel that is most levered to the economic cycle has picked up particularly strongly in recent months. oil demand in 2010 grew to 87. coupled with strong crude prices. With higher global GDP forecasts and higher global oil demand forecasts coupled with minor capacity additions.6% and 83. Brazil and other emerging economies.2 83. high inventories kept gasoline markets in USA amply supplied. Japan’s 4. with increasing focus on potential contagion to major oil exporters beyond Libya.6 68. India. refining utilisation rates are expected to improve over the next few years. Low Average 65. Gasoline inventory draws are presently higher at 1.3 86. up 3.9 46. Demand for petroleum products Light distillates Gasoline was a weak link in the otherwise improving refining business. strong demand growth and wider margins have helped utilization rates improve during the year.4% in 2010 vis-à-vis 2009.6 69.5 81. Europe and Asia were at 83. Average crude oil prices ($/bbl) FY-11 High WTI 106.4 MMBPD in Japan have taken away around 350.2 MMBPD (5. younger demographics and surging car sales of China. driven by strong diesel margins.6%. On a year-on-year basis. with Asian margins close to all-time highs.2/ bbl. The average capacity utilization rates in FY-11 for refineries in North America. 76. According to IEA. refining margins have strongly recovered and remain higher across all regions. . Middle distillate product cracks are expected to continue to rise due to strong demand for these products across Asia. Higher demand for light products and higher refining utilisation rates resulted in widening light-heavy differential.9% as compared to 81. leading to tightening supply in the European market.3% vis-à-vis 2008 and therefore.6 69. are likely to impact the gasoline cracks in the medium term.7% on a year-onyear basis) which was 76% of global demand growth. is encouraging OPEC producers to further ramp up production.

With crude oil stocks once again tight.5 MMT to 134.304 9. New Technologies. personal travel and global trade led to demand growth and better aviation fuel margins.1 MMT from 179.9% in FY-11.10 2020 50 – 10 10 15 10 10 50 – 10 50 – 10 10 15 15 10 10 500 – 50 50 350 – 50 350 .951 23.559 Growth (%) 6.9 An increase in per capita income led to higher penetration of personal vehicles (cars and two-wheelers) which resulted in double digit growth in gasoline demand. Higher economic activity resulted in higher diesel demand as well as increased air travel.150 50 .131 130.928 8. The trend is towards lighter and lower sulphur refined transportation fuels. Given the loss of refinery capacity in Japan. product mix redistribution and progressively stricter quality requirements will continue to reshape the refining industry.similar to the one seen in 2007 . Middle distillate stocks are at a virtually identical level to those seen at the beginning of 2007.are highly possible.200 5. New Partnerships. Better demand and improving prospects have resulted in diesel cracks at early 2008 levels. The Indian refining capacity increased to 184.516 9.674 134.10 500 – 50 50 .818 4.20 New Businesses. Gross refining margins A robust demand in Asia led to improvement in key product cracks virtually throughout the year.6 10. the supply cushion is clearly smaller than it otherwise would have been. A strong growth in personal automobile ownership in developing Asia resulted in healthy gasoline cracks in the region. except Africa.10 The continuing global trend of tightening product specification presents new trade and margin opportunities for large modern refiners like Reliance. all regions except Africa will have sulphur content below an average content of 50 ppm.869 14.10 . Changing trends Petroleum products demand growth.10 2000 .378 FY-10 56. the conditions for a rapid distillate stock draw . Details of product-wise demand and growth during the last year are as follows: (In KT) Diesel Gasoline ATF LPG Kerosene Naphtha Others Total FY-11 59. Increased business. Middle distillates These have been the harbinger of the improvement seen in refining margins during the year. which has the ability to produce large quantities of ultra-clean fuels.9 MMT. reflecting a growth of 2.627 12. and concern rising as to whether OPEC supplies will be sufficient to meet peak summer demand. Demand for petroleum products in India The demand for petroleum products in India increased from 130.7 9.148 12. A much faster and stronger economic growth in non-OECD has resulted in higher demand for diesel.078 13. Middle distillates were the largest contributors to improved 30 30 10 10 <1000 <1000 150 – 50 150 . All regions of the world.679 8. Increase in availability of natural gas resulted in reducing demand for naphtha while improved distribution of LPG and lower domestic production impacted sales of kerosene. It is pertinent to note that the refining industry has actually had to operate at close to 2008 peak diesel yields in 2H FY-11 in order to meet demand.4 MMT.10 50 .0 -0. six months ahead of the start of the rally that culminated with diesel cracks close to $50/bbl.3 -4.4 2. China suffered from diesel shortage in the second half of the year. For diesel. growing industrial demand for diesel generators in the country and on-going diesel demand from emerging market economies.8 9. Supporting factors for Asian diesel market were strong demand for low sulphur diesel from India. prompting increased import requirements.014 26. Changing product specifications for sulphur (parts per million) Country Gasoline US EU Brazil China 2010 2015 2020 30 10 10 50 – 10 Country India Russia Gasoil US EU Brazil China India Russia 2010 500 – 50 500 2015 50 .7 -9. will reduce sulphur in gasoline to below average 150 ppm by 2020.

Mombasa (Kenya) and an inland terminal at Kampala (Uganda) and has well-spread depots in East Africa.9 Diesel 13.4 /bbl.6 3.4 5.5% to $ 19. Fuel oil crack was the notable exception and remained in the negative. Widening of light-heavy differentials added to the widening complex margins in the region.3 6. GAPCO achieved a turnover of $ 1.Reliance Industries Limited 21 refining margins in the region. GAPCO’s EBITDA for 2010 was $ 29.0) (1.2% higher as compared to the previous year.3 million.4 (0. stemming mainly from the construction of new capacity in the Middle East and Asia and recessionary global conditions.3) (7. a premium of $ 3.2 1.5 3.8 million tonnes the previous year. thus creating a drag to simple refining margins.6 million tonnes of product as compared to 32. It is a raw material used in the manufacture of polymers like polyethylene. the RIL refineries are state-of-the-art and among the most complex refineries in the world.6 million kilo litres of petroleum products during 2010.1 6.8 7.2 15.8 7.1) Source: Platts US Europe FY-11 FY-10 FY-11 FY-10 10.7 3. shortage of diesel in China.2 5.9 13. Economic growth. heavier crudes and benefitting from low operating costs.6 million tonnes of crude and achieved an average utilization of 107%. From a product slate perspective.3 Naphtha 0.7 13.6% higher over the previous year. polyvinyl chloride and polystyrene.8) GAPCO Reliance has consolidated operations of its GAPCO subsidiaries in East Africa.9% as compared to 84% in 2009. which is significantly higher than the average utilization rates for refineries globally. representing an operating rate of 84.5 9. electronic. Global ethylene markets continue to recover from a state of oversupply that developed in 2008-2010.2) (9. Built in the last decade. which was 23.4 7.6 FY-10 6.6 8.9% on a year-on-year basis while profit before tax increased by 24. GAPCO group owns and operates large storage facilities and also has a well-spread retail distribution network.4) FO (7. as well as organic chemicals like ethylene oxide and ethylene glycols.7 Jet-kero 14.0) (8. Strategically located on the west coast of India. It owns and operates large coastal storage terminals in Dar-e-Salaam (Tanzania). naphtha cracks remained strong. .2 3.5 2. RIL’s Gross Refining Margin (GRM) was $ 8.1) (4. an increase of 26. This was mainly on account of abundant supply as US became a major exporter to key Asian markets. It sold 1.7 million. Performance review RIL processed 66.3 billion. This accounted for 38. Robust petrochemical demand also meant that for most part of the year.9 6. were seen to be the key contributors to the strength seen in diesel cracks. Key product cracks Singapore ($/bbl) FY-11 FY-10 Gasoline 8.9) (4. Europe was impacted by lacklustre petroleum demand and strong Brent price resulting in higher feedstock prices.1 billion for 2010 (January-December) which was 36. Gross Refining Margins ($/bbl) RIL Regional benchmarks Singapore (Dubai) US Gulf Coast (Brent) US Gulf Coast (WTI) Rotterdam (Brent) Source: Reuters FY-11 8. Strategy and outlook Reliance is best positioned to capture top decile margins as a result of processing cheaper. Singapore margins benefit from growth in demand fuelled by emerging Asian economies.1 14. the refineries have been designed to produce higher quantities of middle distillate products like diesel and jet-kero and also ultra-clean fuels that provide it the potential for higher refining margins.4 3. Global ethylene production totalled 122 MMT in 2010.2 /bbl over the Singapore complex margin. These products are used in a variety of end markets.0 7. transportation.8 9. Exports of refined products were at $29. such as packaging.1 For the year under review.8 6. particularly in the second half of the year and cold winters. PETROCHEMICALS Ethylene scenario Ethylene is the primary building block and a major feedstock for polymers. it benefits from low transportation costs for its feedstock and also from its proximity to the high-growth markets of Asia.7 (2. textile and construction.

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World Ethylene supply/demand - 2010 Production by feedstock Production : 122 MMT Naphtha Ethane Propane Butane Others 50% 33% 8% 4% 5% Demand by end use Demand : 122 MMT PE Ethylene Oxide EDC EBZ Others 61% 14% 11% 6% 8%

Global Polyolefins + PVC demand (in MMT) 2008 2009 2010 Growth % 2010 vs. 2009 4.5% 10.1% 6.5% 7.5% 10.1% 7.9% 8.1%

Capacity additions in the Middle East and the Asian continent during the recent past have dramatically changed the supply scenario. The Middle East now accounts for 18% of global ethylene capacity as compared to 10% in 2005. Similarly, Asia now contributes to 33% of the global ethylene capacity as compared to 29% in 2005. With the capacity that has become operational in the Middle East, the feedstock mix for cracker has also changed in favour of gas. Ethylene capacity additions trend: 2005 - 2010 Ethylene capacity (KT) USA European Union Middle East Asia Others World Source: CMAI Strong economic growth in developing Asia has resulted in the demand for key petrochemical products reaching an all-time high. Petrochemical prices also improved on account of higher demand and cost push from higher feedstock prices. Polymers are used in a wide variety of applications like agriculture, food packaging, healthcare, automotive components and household appliances. Plastics growth will continue to be driven by applications where plastics can deliver a cost advantage and performance enhancement. Global commodity plastics consumption in 2010 was estimated at 196 MMT. Of this, polyethylene (PE) accounts for 36% of all plastic consumption, followed by polypropylene (PP) which accounts for 25% and polyvinyl chloride (PVC) which accounts for 18% of plastic demand. 2005 34,842 25,313 11,803 33,504 10,412 2010 2005-2010 (% CAGR) 32,706 26,087 25,290 47,630 11,890 -1% 1% 16% 7% 3% 4%

LDPE LLDPE HDPE PP PVC Ethylene Propylene Source: CMAI

17.7 18.4 29.5 43.5 32.4 108.2 66.7

17.9 18.9 30.9 45.1 31.6 111.5 69.0

18.7 20.8 32.9 48.5 34.8 120.3 74.6

Operating rates in Asia improved on account of higher demand and planned maintenance shut-down by cracker operators. The US saw a remarkable improvement in the operating rates with improved demand and advantageous feedstock. Competitive pressure on margins has resulted in the closure of some high-cost assets in Western Europe. In 2010, PP capacity addition of 4.7 MMT exceeded incremental growth in demand of 3.4 MMT. Consequently, operating rates declined to 82.3% vis-à-vis 83.2% in 2009. In the next four to five years, around 90% of incremental capacity is expected to come up in the Middle East, Asia and Africa reflecting the region’s growing prominence in the sector. Operating rates for PE declined to 81.9% levels in 2010 from 83.0% in 2009 as incremental capacity of 8.1 MMT exceeded incremental demand of 4.8 MMT. In 2010, global demand for PE grew by 7.1% following the economic revival. While the whole of Asia is leading in demand growth for PE, new capacity is being built predominantly in the Middle East and China. Global capacity addition in 2010 was 8.1 MMT, out of which 6.2 MMT is in these two regions. In 2011, 2.3 MMT of additional capacity is expected globally and most of it is coming up in Asia and the Middle East. The operating rate for PVC increased to 75.9% levels in 2010 from 72.5% in 2009, with capacity addition of 2.5 MMT, lagging behind the incremental demand of 3.2 MMT. In 2010, global demand for PVC grew by 10.1% following the strong demand from Asia. In 2011, 4.5 MMT of additional PVC capacity is expected globally. The product price recovery continued throughout the last year, although not at the same pace of feedstock prices. Product margins remained stable in most parts despite the high price environment.

115,874 143,603

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Product prices Price ($/MT) Naphtha PP HDPE PVC Source: Platts RIL performance Reliance maintained its leadership in the domestic market with a commodity polymer production share of 47%. RIL’s polymer production for the year remained unchanged despite turnaround activities carried out during the year. RIL’s cracker operating rate was at 90% in FY-11 as compared to 98% in FY-10. Due to cracker shutdown at Hazira, Nagothane and Gandhar manufacturing sites, the production of ethylene decreased by 8% to 1,686 KT while the production of propylene decreased by 5% to 696 KT as compared to the corresponding period of the previous year. Polymer production in KT FY-11 PP PE PVC Total PP The domestic demand scenario has been extremely bullish for PP, reaching 2.6 MMT with an annual growth rate of 18% in FY-11, after a robust 20% growth in FY-10. The demand for PP in India is expected to grow at a healthy CAGR of over 10% over the next 4-5 years. RIL, with its portfolio of PP grades being produced through multi-line production, is positioned well to capture the future growth. With an aim to capture new markets and opportunities, RIL introduced a new random co-polymer grade SRX100 catering to the fast growing rigid packaging sector. It has the potential to replace styrenics and imported high clarity random PP grades. PE RIL’s production of PE declined by 9.4% to 967 KT in FY-11. This was due to cracker shutdown at Nagothane and planned turnaround at cracker at Gandhar complex. 2,496 967 631 4,094 FY-10 2,399 1,068 624 4,091 FY-11 744 1,370 1,236 1,005 FY-10 602 1,172 1,202 892 % change 24% 17% 3% 13%

The domestic LDPE demand reduced by 9% due to widening LLD- LD price delta and as a result most processors started using LL rich blends. In the PE business, market expansion with value-added grades is an ongoing activity to have an edge over competition. Some of the grade development activities during 2010 were: Introduced F46003E for HD film sector as alternate for F46003. Introduced HP19010 for the packaging film sector. PVC PVC consumption in India is estimated to be 1.9 MMT in FY-11, which represents a growth of 6% over the previous year. India imported about 650 KT of PVC during FY-11. Pipes and fittings continued to be the major market accounting for 72% domestic PVC demand. PVC is a major product for the infrastructure sector, applied in irrigation pipes, drinking water supply, sewerage schemes, profiles for the building industry, wires and cables, etc. New developments and growth initiatives Reliance took a lead role in creating new market by conducting customer meets - “Rishta” throughout India, to propel growth of PP, PE, and PVC in the field of engineering, agriculture, infrastructure and packaging sector. Geotextile made from PP has immense potential in construction of roads with improved durability and in river and sea embankment, to prevent erosion. Reliance worked in tandem with textile ministry, industry bodies to facilitate new investment in this “Technical Textile”. Several states of India have already specified use of PP geotextile in road and river embankment. Agriculture is a prime sector for sustainable growth of India. Non-woven PP has proven to be an ideal solution in banana plantations. The Company has tied up for new projects with several agricultural institutes to establish PP in other fruits and vegetables plantation. Apart from increased yields, it will help farmers to grow high quality produce for export business. The Company worked with leading consumer durable manufacturers to successfully introduce PP in fourwheelers, refrigerators and water filters. Reliance is also driving metal replacement and import substitution programme with major commercial/two wheeler manufacturers by introducing niche grade of PP.

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New Businesses. New Technologies. New Partnerships.

Reliance has made another break-through in glass replacement by using PP bottles in “flavoured milk” packaging. Light weight, clear, break-resistant PP bottles will now replace glass bottles. This is a landmark innovation of Reliance offering high technology, safe and hygienic product. Chemicals Business Global scenario The global chemical industry has undergone a transformation since major financial crisis of 2008. The chemical industry benefitted from industry discipline and rapid economic recovery, especially in China and India. Despite unplanned outages, the industry demonstrated a slow and consistent improvement in production volumes. The overall margins improved as increase in raw materials could be passed on to the end-user even as operating rates remained stable. An excessive demand pull from the automotive sector coupled with high natural rubber prices created high margin environment in the elastomer segment. Shortage of cotton created superior performance in acrylic fibres and provided support to acrylonitrile. Benzene: The global capacity of benzene in 2010 was 56 MMT against production of 40 MMT, resulting in average operating rate of 72%. Demand for the year was 39.8 MMT. Globally, capacity has increased by more than 7.5 MMT in the past 4-5 years resulting in excess capacity. Butadiene: North-East Asia remains the world’s largest market with a global market share of 44%, followed by 22%, and 21% by USA and Europe respectively. The demand grew at 10% on a year-on-year basis. Polybutadiene Rubber (PBR) is the second largest synthetic rubber among elastomers and its demand is estimated at 2.7 MMT. Global demand for synthetic rubber in coming years is expected to grow at 4.8% annually. Caustic Soda (CS): The installed capacity of caustic soda is 85 MMT globally. The global consumption of caustic soda increased to 63 MMT in FY-11, an increase of about 6% over FY-10 and operating rate of 74%. Around 55% of the global chlor alkali capacity is now in Asia. Linear Alkyl Benzene (LAB): Globally, the consumption of LAB is pegged close to 3 MMTPA against capacity of 3.6 MMTPA. The consumption growth is at 2.5% per annum and is expected to continue at this rate driven by Asian demand. With an installed capacity of 182 KT, Reliance is the world’s fifth largest producer of LAB.

Acrylonitrile: The global capacity of acrylonitrile in 2010 was 5.7 MMT against production of 5.1 MMT, resulting in average operating rate of 90%. The demand for the year was 5.08 MMT. Indian chemical scenario The Indian chemical industry environment was in line with the global business environment with the exception of the elastomer segment due to the excessive demand from the automobile segment. RIL has leadership position in aromatic segment constituting benzene, toluene and xylene. The demand from downstream sectors covering SBS rubber, PBR, ABS and styrene butadiene latex recovered during the year and total demand is pegged at 117 KT. Domestic demand for PBR is met by RIL besides imports with consumption estimated at 135 KT. The market estimates demand for PBR to reach 155 KT by 2013 (a growth of 5% CAGR). RIL is the sole producer of acrylonitrile in India with a capacity of 41 KTA. RIL’s production in entirety is sold in the domestic market and represents nearly 30% share with the rest being imported. RIL’s crackers at Hazira, Nagothane, Dahej and Vadodara are among the world’s most integrated petrochemical complexes with upstream refining, E&P and downstream chemical facilities. RIL is a leading producer of LAB, benzene and butadiene in India. RIL also produces basic aromatic building blocks of the highest purity, conforming to the product grades. These include toluene, mixed-xylene and ortho-xylene. For the year, RIL’s benzene production was at 700 KT, a growth of 4% on a year-on-year basis. Total sales for the year were 681 KT, out of which 381 KT was exports, 215 KT was domestic and 85 KT was for captive consumption. Exports of benzene during FY-11 were at 381 KT mainly to the US, Europe, besides Middle East. Toluene, a major biproduct of BTX group, registered production volumes of 105 KT. RIL produced 174 KT of butadiene during the year of which 61 KT was exported after meeting the entire domestic requirement and captive consumption. RIL is the only manufacturer of PBR in India. During the year, it produced 76 KT, an increase of 4.7 % on a year-onyear basis, most of which was sold in the domestic market. RIL has the annual capacity to produce 168 KTA of caustic soda and 141 KT of chlorine. RIL’s capacity utilization for

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the year was at 97% as against average domestic capacity utilization of 75%. RIL produces 163 KT of LAB on an annualized basis. Tightness of normal paraffins resulted in lower utilization of LAB capacity. RIL’s entire production of acrylonitrile was sold in the domestic market. The upswing in demand from derivatives and restricted global supplies supported prices and margins. Opportunities RIL foresees large opportunities in elastomers and other diverse chemicals. It has already announced its plans to set up a facility for manufacturing 100 KT of butyl rubber in partnership with Sibur. This is a significant step towards the Company’s commitment to service India’s growing automotive sector by bringing in complex technologies. A new facility to produce butene-1 (40 KTA) and Methyl Tertiary Butyl Ether (144 KTA) using raffinate-1 from the butadiene plant will come on stream in FY-12. Polyester Fibre and Filament Textile and clothing exports by major Asian countries witnessed year-on-year growth amidst revived demand from US and European regions. Textile and clothing imports into US in 2010 increased 15% over 2009 with textile imports rising by 22% and clothing by 12% year-on-year. Chinese textile and clothing exports in 2010 witnessed an impressive growth of 24% over 2009. In case of India, textile and clothing exports witnessed a growth of 11.5% in the first half of FY-11 and are likely to remain healthy in the near future. There was a renewed investment in downstream textile industry, especially in the Asian countries. The global market for spinning machinery and components posted a strong recovery in 2010, following two years of weak demand. The polyester chain delta reached the highest level seen in the last one decade. In fact, it has sustained the level above $1,000/MT since the last two quarters of FY-11. For the full year, chain delta were up 33% over last year. Another major development during the year was extreme tightness in global cotton availability. This led to record high price levels and widely impacted the entire textile industry. Cotton prices started moving upwards especially since the second half of FY-11. The commodity has witnessed extreme tightness in availability, which resulted in record prices. Cotton prices reached the highest level in the past 150 years, last seen during the American Civil

War way back in 1860s. Both fundamental and market forces played a major role in taking cotton prices to unprecedented levels. During 2010-11 cotton season, major producers like China, Pakistan and Australia witnessed rough weather and floods, which impacted the output. Towards the end of FY-11, cotton prices were 140% higher than those for polyester as also higher than the historical average of 30%. Garment manufacturers/designers are likely to find ways to use more polyester than cotton in their fabric usage. On the demand side, the rising cotton price will continue to drive substitution demand for polyester. The International Cotton Advisory Committee (ICAC) forecasts that cotton’s share of the world textile fibre market could decline to 33% by 2015 as compared to 36.5% in 2009. Global fibre demand The global fibre demand in 2010 witnessed an impressive growth of 4% over 2009 and reached the level of 74 MMT. The corresponding growth in 2009 was just half at 2%. China and India accounted for almost all of the incremental fibre consumption in 2010, with China’s share at 83% and India at 15%. Polyester continues to feed the textile industry, accounting for 83% of the increased fibre demand in 2010. By 2020, global fibre demand is expected to grow to 99 MMT, at a CAGR of 3%, from the current level of 74 MMT. Polyester usage for textile applications is expected to grow at over 4% and account for around 80% of the incremental fibre demand in the next decade. Consequently, its share in all fibre demand would grow to 55% from the current 48%. Last year, Chinese currency appreciated relative to the Indian rupee which benefitted the Indian textile industry and its exports became more competitive. Global polyester filament and staple fibre markets The global polyester markets were largely stable in the first half of FY-11. However, during the second half of the year, higher volatility crept into the markets on account of various factors. The international PSF prices increased to $2,047/MT by March 2011, up 52% over FY-11 start. Similarly, the international POY prices increased to $ 2,040/ MT, by March 2011, up 42% over the beginning of FY-11. Extreme tightness in global cotton availability, renewed downstream demand, fundamental tightness in fibre intermediates supply and lesser polyester capacity addition in the past few years influenced the polyester markets. Global PFY capacity is expected to grow at a CAGR of 4.4% from the current 27 MMT to 42 MMT by 2020. Global

MEG delta over ethylene breached the $450/MT level in Q4 FY-11. local sourcing in these two regions gained pace and local operating rates remained high.527/MT. The prices moved in a range of $690/MT to $1280/MT. During FY-11. The PX operating rate is projected to reach as high as 87% in 2011 and 2012. prices and margins reached the high levels which were last seen at the time of outages in the Middle East plants way back in late 2007 and early 2008. This high growth in exports can become a reality amidst increased shift in sourcing from developed countries to Asia and India’s strengths as a suitable alternative to China for global buyers. During the next decade. global PET capacity is expected to grow at a CAGR of 6% from 19 MMT in 2010 to 33 MMT by 2020. compared to $1. Western Europe and North America. Supply tightened in the second half of FY-11 in view of increased demand from downstream polyester segment. MEG) Polyester feedstock witnessed a largely stable trend in the first half of FY-11. PX prices varied in a wider range of $840/MT to $ 1792/MT. which is almost 2.26 New Businesses. New Partnerships. Major increases were witnessed in Asia Pacific. but was subjected to volatile environment in the later part of the year. By March 2011. PTA delta over PX.5 times the level seen in April 2010. Consequently. Prices during the year moved in a wider range of $831/MT to $1.159 1.573 1. PTA. market balances remained tight amidst unplanned outages and strong demand from PTA segment. PX sentiments are expected to remain firm in terms of prices. reaching the levels of $1. PET prices have witnessed significant surge lately. FY-11 1. Product prices Price ($/MT) POY PSF PET Source: Platts Global PET scenario Polyester applications in packaging is another segment which is witnessing promising growth. Again. The momentum was led by PET with 24% growth followed by PFY with 13% growth.287 1. demand is expected to grow at a CAGR of 7% from 15 MMT in 2010 to 29 MMT by 2020. The domestic market has a potential to grow to $ 140 billion and exports to $ 80 billion by 2020. which sent PTA prices to record levels. Domestic scenario It is expected that the Indian textile and clothing market has the potential to reach $ 220 billion by 2020 at a CAGR of 10-11% from the current level of around $ 70 billion. A high level of PET prices led to further implementation of lightweighting of containers in North America. the level last seen in 2008. MEG markets closely followed the developments in the PTA and polyester markets. PX delta over naphtha breached $800/MT in Q4 FY-11.5% to 8% and reach $ 80 billion level by 2020. domestic demand for polyester products increased by 13% over the last year. During the same period. Product prices Price ($/MT) PX PTA MEG Source: Platts Chinese PTA future markets started to witness extreme volatility in the second half of FY-11. margins and utilization rates.177 1. Global PTA capacity is expected to reach 76 MMT by 2015 from current 49 MMT. In view of no major FY-11 1. It is believed that India has the potential to increase its export share in world trade from the current 4. the fundamental and market forces played a major role in creating the volatility.200/MT in early 2010.080 944 FY-10 995 891 752 % change 17% 21% 26% . almost touched $400/MT in Q4 FY-11. at a CAGR of 9%. New Technologies.895/MT in March 2011.415 FY-10 1. compared to below $100/ MT level seen in early 2010.141 % change 31% 34% 24% capacity addition in 2010 and expectation of limited capacity addition in FY-12. PSF capacity is expected to grow at a CAGR of 3. Higher prices of Asian PET as well as feedstock reduced the import penetration from Asia to North America and Europe as import economics turned less lucrative. During the year.4% from the current 16 MMT to 23 MMT by 2020. The 2011 global PET production is expected to increase by 1 MMT of which Asia Pacific would account for more than 40%.683 1. Also. Global feedstock scenario (PX. Global production in 2010 increased by 8% over 2009 to 15 MMT. In PX.

Polyester production in FY-11 was 1. the Company has undergone significant improvement in terms of operations and profits. At Jamnagar.331 1.710 KT.29 kg against the world average of 2 kg/capita. 40. RIL has a significant advantage of integrated operations in the polyester business.Reliance Industries Limited 27 Polyester industry demand growth (Volume in KT) PFY PSF PET FY-11 2.000 TPA SBR capacity.647 1. The current domestic demand is at 0. the specialty product sale in PFY and PSF during the year was around 45% and 57% respectively. is around 2. Since its acquisition by RIL. leveraging on the benefits of chain economics. was introduced for use in worsted suiting in poly-wool blends.650 FY-10 1. In terms of product differentiation. down marginally by 1% over last year.548 FY-10 1. Petrochemicals expansion plans On the back of strong petrochemicals and fibres demand growth. Reliance also developed fully drawn yarn (FDY) spin finish.840 2.4 MMT of which RIL’s share is over 50%. The total polyester capacity. which replaced imports and thus helped reduce cost. Reliance also developed full dull dope dyed yarns mainly for shirting. Other major developments include Recron®Duratarp for waterproof fabrics.402 % change 2% 9% 18% New developments and initiatives Reliance has increased volumes in specialty products like flame retardant fibre. up by 3% over the previous year. with unique low pill properties. RIL plans to build: 1. Recron Malaysia Recron Malaysia is an integrated polyester unit with downstream textile operations like spun yarn and fabric production as well. Fibre Intermediates industry demand growth (Volume in KT) PX PTA MEG RIL performance Reliance continues to be the largest polyester player in the world and maintains leadership position in polyester and feedstock markets. . while PSF and PET production increased by 3% and 2% respectively. Polyester production in KT FY-11 PFY PSF PET Total 742 615 353 1. the overall domestic market share in polyester (including PET) was 41%. 1.548 KT.009 3.000 TPA of PBR and 150. RIL is the world’s 8th largest producer of PTA and MEG and the 5th largest producer of PX.049 695 4. considering the fact that India’s per capita PET consumption is only 0. Reliance has embarked on a major capacity creation initiative in petrochemicals which is set to significantly enlarge Reliance’s footprints in this business. up 2%. Recron® LP. For FY-11.033 675 4. Fibre Intermediate production in KT FY-11 PX PTA MEG Total 1.134 862 416 FY-10 1.4 MMTPA of ethylene capacity. supermicro staple fibre for spinning ultra-fine yarn counts and spun-dyed fibre for the Indian armed forces.891 783 336 % change 13% 10% 24% In case of fibre intermediates.4 MMT.619 PET is the fastest growing product in the polyester product in India. As per PCI. It has a polyester capacity of more than 500 KTA and fabric production of 600 million meters per annum.710 FY-10 724 597 345 1.964 3. there is an immense scope to increase PET packaging applications in India. Volumes also increased in PBT-based stretch yarns. PFY production was 742 KT. including that of Recron Malaysia. tow and filament which provide flame retardant properties in fabrics. PTA and MEG) during FY-11 is around 4.8 MMTPA of PX capacity. Also. total production (PX.666 FY-11 2. RIL is also the preferred supplier for Recron stretch and super coarse yarns for the denim and mink blanket segment.875 2. During the year.

The Indian polymer industry is expected to grow at 1. OPPORTUNITIES Growth in the Indian economy and demand creates unprecedented opportunities for RIL to invest significantly in each of its core businesses. RIL has simultaneously commenced implementation of its planned expansions across the polyester chain.28 New Businesses. RIL would continue to earn superior returns on account of its fully-integrated operations and robust domestic demand. safety and environment standards. RIL has planned its capacity expansion in phases over the next few years.15 MMTPA. packaging and food & beverages sectors. Strong lightheavy crude oil spread will support margin improvement for complex refiners such as RIL. basic engineering and obtaining the necessary regulatory approvals. Global sourcing involves inventory. Reliance is participating in growth in consumer demand for world-class retailing and digital services by rolling out its modern retailing business as well as investing significantly in the broadband wireless business in India. global context. New Technologies. Large cash balances. RIL is also one of the world’s leading producers of ultra-clean fuels and is set to benefit further from increased demand for such clean fuels. The demand for PET. This includes: 2. The global supply constraints.000 TPA of PTY capacity. RISKS AND CONCERNS In the oil & gas business. It also continues its quest for conventional and unconventional hydrocarbons in order to meet its aspirations of creating a global scale oil and gas business. CHALLENGES. The wave of global capacity additions in the petrochemicals (ethylene chain) business over the past two years has only slightly affected the global margins and prices as well. 395. including those that leverage directly from growth in consumerism and increase in consumption. has remained under-developed due to inadequate investments in gas infrastructure and low gas price entailing a lack of interest among investors for exploring and developing gas blocks. safe and reliable operations while maintaining the highest level of health. In as far as its refining and marketing business is concerned. RIL. This is RIL’s largest capacity expansion in this sector and is aimed at consolidating its position as the world’s largest integrated polyester producer. logistics and pricing risks and this necessitates the need for significant risk mitigation strategies. However. robust cash flows and an under leveraged balance sheet allows it to pursue these and other organic and inorganic growth opportunities in its core businesses in a broader. RIL is in the process of doubling its petrochemical business by investing across the value chain and has already commenced project implementation in the polyester chain.5 to 2 times the GDP growth rate. The merchant nature of its refining business means that RIL faces extensive competition in international markets for the sale of key transportation fuels. China and other emerging economies has helped new supply getting absorbed. RIL . the strong demand growth across polymer products in India. 540. RIL’s partnership with BP combines the skills of both companies and will be focused on discovering more hydrocarbons in India and contributing to India’s energy security as well as sourcing gas globally for the Indian markets.000 TPA. All the above projects are under various stages of implementation ranging from technology licensing. The domestic gas sector. as the world’s largest producer of polyester. integrated and complex refining assets in the world. most modern. it has historically outperformed benchmark margins. New Partnerships.000 TPA of PET with the option to add 540. Among its peers. These are also one of the lowest cost refining operations in the world. RIL operates the largest. RIL competes globally with a number of large energy companies some of who also produce crude oil and are integrated in their refining operations. benefits from the on-going scarcity of cotton.000 TPA of PFY and 140. deep-water exploration and development operations presents technological challenges and operating risks. With its superior sourcing flexibility and product slate. The challenge for RIL is to ensure optimum level of production.000 TPA of PSF capacity. despite strong demand growth. which is already India’s fastest growing polymer is also poised for substantial growth due to continued demand growth in the bottling. 290.30 MMTPA of PTA capacity with an option of an additional 1. substantial price increase and uncertain outlook for cotton availability is creating considerable substitution opportunities for polyester products like PFY and PSF.

Over the past three years. a leading designer. sunglasses. consumers in India got the opportunity to experience Hamleys. RRL now operates around 40 stores with leading brands like Marks & Spencer (19 stores). The management duly considers and takes appropriate action on the recommendations made by the statutory auditors. These systems are designed to ensure that all the assets of the Company are safeguarded and protected against any loss and that all the transactions are properly authorized. experienced professionals who conduct regular audits across the Company’s operations. which has resulted in margin pressure in the ethylene chain. cost competitiveness and consistently high operating rates. During the year. A gradual tightening supply-demand scenario is likely. In-store initiatives. Diesel (7 stores). The Company has an internal audit function. wholesaler and retailer of fashion-forward footwear and accessories for women. a leading outdoor sports lifestyle company to launch their core brands ‘Quiksilver’ and ‘Roxy’. men and children. Feedstock integration.5 million customers every week. The retail chain offers single brand optical products including Vision Express frames. INTERNAL CONTROLS RIL’s internal control systems are commensurate with the nature of its business and the size and complexity of its operations. MAJOR SUBSIDIARIES Reliance Retail Limited (RRL) Reliance Retail continued to expand presence of its value and specialty formats. RRL doubled the presence of its partner businesses and operated over 160 stores in various parts of the country. control and governance process. The internal audit function team comprises of well-qualified. iStore by Reliance Digital is a one-stop-shop for all Apple products and services. lenses. Reliance Brands also announced exclusive licensing arrangement with two leading international brands: Steve Madden. which is empowered to examine the adequacy and compliance with policies. Its presence in the optics business is in partnership with Grand Vision. 51 new stores were added during FY-11 taking the total presence to 100 stores across key markets in the country. There are 17 such stores currently operational. Reliance Haryana SEZ Limited (RHSL). The brand was launched in India with opening up of 2 stores during the year. Ermenegildo Zegna (6 stores) and Timberland (6 stores). During the year. ensuring sustainable development of manufacturing and service activities with sufficient provision for future . lower operating costs and high operating rates are critical for profitability in the petrochemicals business. “Reliance One”. a large number of new low-cost ethylene capacities have come on stream in the Middle East region. Reliance Retail also established partnerships with several leading international brands aimed at meeting consumer aspirations.Reliance Industries Limited 29 benefits from the quality of its assets.75 million customers. Its loyalty programme. In the fashion and apparel segment. an unprecedented level of operational integration as well as an experienced team that has demonstrated its ability to deliver globally competitive refining margins. For the very first time. wider product choice and value merchandising enabled the business to achieve robust growth during this period. This policy is strictly adhered by all RIL manufacturing facilities. Paul & Shark (4 stores). Across India. safety and environmental norms while maintaining operational integrity. plans and statutory requirements. Quiksilver. has received approval from the Government of Haryana to undertake flexible development of the Reliance Haryana Project as an integrated industrial enclave with all the required facilities such as logistics hub and social infrastructure. which is considered to be the world’s most wonderful toy shop. Reliance Retail serves over 2. contact lenses. internal auditors and the independent Audit Committee of the Board of Directors. leading to margin growth for petrochemical products. Reliance Retail opened 90 new stores spanning across ‘value’ and ‘specialty’ segments. Haryana Special Economic Zone (SEZ) With a vision to develop industrial infrastructure and support economic growth. It is also responsible for assessing and improving the effectiveness of risk management. recorded and reported. RIL has well established policy towards maintaining the highest standards of health. a joint venture between Reliance Ventures Limited (RVL) (a subsidiary of RIL) and HSIIDC Limited (a Government of Haryana Company). RIL has successfully maintained high operating rates on the back of strong domestic demand and a balanced portfolio of liquid and gas-based crackers. has the patronage of more than 6. solutions and accessories.

High performance PP homo and copolymers. with some of the leading scientists bolstering its innovation agenda. RIL aspires to become a developer of leading edge technologies and continues to be an efficient user of technology. advanced technical services. Inhouse development and utilization of additives for cracker coking passivation. and super micro denier polyester staple fiber. enhancing internal capability to develop basic engineering packages. Development of anti-pill polyester. Development of low cost catalyst. the focus areas include maximising light olefins yields from the fluidised catalytic cracker (FCC). Development of high performance additives for polyolefins. RIL intends to create world-class physical and intellectual capabilities. RHSL is being demerged to undertake development of model economic township in Jhajjar and has signed a Shareholder’s Agreement to induct Infrastructure Leasing & Financial Services Limited (IL & FS) into a new company to be formed. In refining. Superabsorbent polymers. RIL is the sole industry partner in the New Millennium Indian Technology Leadership Initiative (NMITLI) project on indigenous Fuel Cell Technology Development. and leveraging opportunities at the chemicals/oil interface. increasing efficiency and reliability of refinery processes and enhancing process capabilities in coking technology to help widen the crude operating window. The Company focuses its attention to fundamental R&D for sustainability of its business. . Development of oxygen barrier PET for beer packaging. value addition to by-product streams. Molecular compositional blending models. low cost flame retardant polyester. Propylene yield improvements. IL & FS – 45% and HSIIDC – 10% to be given as sweat equity. Shaw joint venture RIL and the D. This JV will draw upon the core competencies of both firms to develop a platform that can serve the growing needs of Indian companies and individuals. development of catalysts /additives for cost reduction. Bio-filtration process for effluent water treatment. the focus is on providing technology support to ensure efficient asset utilisation. Catalyst for selective dehydrogenation of C11-C14 nparaffins. and gasification of several types of feedstocks. E. and in building capabilities. RIL is involved in some cutting-edge technologies like fuel cells. The shareholding pattern of the new company will be RVL – 45%. New co-catalyst systems for bottle-grade PET productivity enhancement. development of specialty grades/materials. Shaw group agreed to establish a joint venture to build a leading financial services business in India. low antimony/antimony free polyester. TECHNOLOGY DEVELOPMENT AND INNOVATION In order to sustain and enhance profitable growth. elastic polyester. Shaw group’s investment and technology expertise with Reliance’s operational knowledge and extensive presence across India to offer a comprehensive array of financial services to the Indian marketplace. This JV will incorporate the D. improving propylene recovery in FCC. Upgrading of bottom barrel through initiatives such as carbon black production. In the petrochemicals area. RESEARCH & DEVELOPMENT. Polypropylene quality control. Development of clarifiers for PP grades. bio-fuels. De-salter operation improvements. E. Polyolefin inorganic precursor technology development. expansion to cater to the demands in the SEZ and nonSEZ framework. Spinning productivity enhancement. RIL – D. carbon fibres. High melt strength PP by post reactor route. Deep cut operation Revamption of coker unit and process of pitch. Computational fluid dynamics for trouble shooting. E. additives and spin finish for polyester. Benzene reduction in refining to promote clean fuel. Some major ongoing/completed projects include: Selection of cost effective FCC catalysts and additives for improved conversion and yields. low melt polyester.30 New Businesses. New Technologies. reduced conversion etc. New Partnerships. advanced characterisation of crude and evaluation of chemicals for desalting. Productivity enhancement through polymer modification.

compensation and benefits. work and experience of global innovation leaders. RIL’s patent portfolio is on the upswing. Last year saw a new energy in this domain through the structuring and institutionalising of the IP thrust area. developed 305 Six Sigma Green Belts in 2009-11. In FY-11. RIL enhanced delivery over the last year by ensuring 1. Prof Venki Ramakrishnane delivered the 13th Reliance LEAP lecture at the National Chemical Laboratory (NCL). develops and deploys programmes in realizing this vision anchored around this agenda. new batch for Reliance Certified Black Belt – Wave 2 (RCBB-2) has been launched in January. as on March 31. 9 Reliance Certified Black Belts – Wave 1 (RCBB-1) are working across manufacturing divisions and have. HUMAN RESOURCES DEVELOPMENT RIL’s talent base. 1892 team members and supervisory personnel are providing active support. RIL has undertaken replacement of CFC based chiller units with new energy efficient non-CFC chillers. RIL is adopting and implementing best in class business processes with stateof-the-art applications to enhance technical excellence. exploitation and management of its IP. Total project execution by this team led by RCBB-1 for a span of two years is 157 leading to financial benefit of Rs. 2011. As proactive action to phase out Chlorofluorocarbons (CFCs). RIL undertook validation of two renewable energy CDM projects harnessing solar and biomass energy.661 with an average employee age of 41 years. INNOVATION RIL aspires to be one of the most innovative companies in the world. The Reliance Innovation Leadership Centre designs. the Business Transformation initiative created high engagement and excitement amongst the workforce across all levels at RIL. Government of India. 19 BMGI/ASQ certified Black belts are working in different sites. Sustainable growth of any organisation has one important element. In FY-11. The focus of the IP team is to transform the organisation from being an IP user to an IP creator. executive coaching.589. In the past. RIL’s portfolio for national and international patents is increasing in existing as well as new technology areas. web based examination module has been developed for certification . stands at 22.generation. In all 354 Black Belts & Green Belts are associated with Six Sigma projects at different sites.395 man hours of learning activities at its manufacturing divisions. As a part of standardization of training & development of people with validation of their skill level. Currently. LEAP has been designed to inspire the RIL family through the life. 26 Crore for the year 2010-11. Some key accomplishments on people management front are illustrated below: Learning & Development In FY-11. 69 Crore. Six Sigma deployment in FY-11 was focused on improving process capability & reliability issues as per the needs of individual manufacturing sites. both in quality and quantity terms including protection in overseas markets. A total of 85 projects were executed leading to financial benefit of Rs. Biomass based process steam generation project is at the final stage of registration at UNFCCC. in turn. These projects have received host country approval from Ministry of Environment and Forest. several thousand man-hours of developmental intervention was undertaken to train the leadership teams on developing the second-line. For the success of various Six Sigma projects. LEAP speakers have included Nobel Laureates Prof Jean Marie Lehn and Prof Robert Grubbs.Reliance Industries Limited 31 Creation and protection of intellectual property (IP) for the Company continues to be an ongoing area of focus. Additionally. Going forward. rewards and recognition programmes and interviewing & selection. As a part of our business transformation. Also. As a part of Six Sigma deployment process. The Leading Expert Access Programme (LEAP) created a hat trick of Nobel Laureates’ lectures. RIL will focus on building specialist skills and multiple cadres in the organisation to support its goals and aspirations. 2011 for which 11 employees have been selected from manufacturing divisions. UNFCCC has approved the changes proposed by RIL to the small scale methodology for “Recovery and recyling of materials from solid wastes” to include PET recyle. verification audit of one of the registered projects at Patalganga Manufacturing Division has been conducted in FY-11. CLEAN DEVELOPMENT MECHANISM RIL has built in-house capacity to develop Clean Development Mechanism (CDM) projects and obtain the registration and issuance of the same in the form of Certified Emission Reductions (CERs) from the United Nations Framework Convention Climate Change (UNFCCC). Based on the effective deployment of Six Sigma methodology by first wave.

The senior editors of Financial Chronicle unanimously voted Shri Mukesh Ambani as ‘Businessman of the Year for 2010’. In FY-11. New Technologies.32 New Businesses. Shri Mukesh Ambani received the NDTV Profit Business Leadership Award 2010 from the Finance Minister. New Partnerships. The Asia Society. HR Transformation RIL is focused on building what would be the best “To Be” Organisation over the next 18 to 24 months. RIL has launched a specially tailored programme “Reliance Accelerated Leadership Programme”. for the sixth consecutive year. Talent Acquisition The belief in its people has been the foundation and corner stone of RIL’s growth story. finance and management institutes has been far more robust. The Foundation Board of the World Economic Forum (WEF) elected Shri Mukesh Ambani on its Board. eight employees have been certified as Reliance Certified Green Belt (RCGB). In order to achieve this objective. HR Shared Service Centre: The Centre was established last year to ensure efficient and effective delivery of HR services to RIL employees. ranking for 2010 is as follows: Ranked 175 based on Revenues Ranked 100 based on Profits RIL is ranked 68th in 2010. New York presented the ‘Global Vision Award’ to Shri Mukesh Ambani. On the variable pay front. Shri Mukesh Ambani received the prestigious ‘Dwight D Eisenhower Global Leadership Award’ at the Business Council for International Understanding’s Annual Global Awards Gala in 2010. HR Processes: To ensure that RIL continues to have the world’s best practice and processes. Shri Ambani is the only Indian to be a part of the MDG Advocacy Group that comprises eminent international personalities. Government of India in 2010. RIL is the . AWARDS AND RECOGNITION Some of the major awards and recognitions conferred on RIL are as follows: Leadership Shri Mukesh Ambani. Corporate Rankings and Ratings RIL continues to be featured. has been nominated to a ‘key advocacy group of Millennium Development Goals’. of Six Sigma Green Belts. RIL has been ranked at 20th position.661. with wider coverage to ensure higher caliber as well diversity. whose mandate includes finding ways to fight socio-economic evils such as poverty. Shri PMS Prasad was bestowed with the “Outstanding Achievement – Natural Gas” Award at the OCEANTEX 2010. The HR policies are being reviewed and benchmarked with world class organisations. RIL. Chairman & Managing Director. to further propel this success story for the next 3 decades. in the Financial Times’ FT Global 500 list of the world’s largest companies (up from previous year’s 75th rank). saw a significant change in the Company’s compensation & banding management process. in the ICIS Top 100 Chemicals Companies list. honoring global leaders who help promote understanding between Asians and Americans in 2010. RIL’s campus hiring programme from the engineering. building a pipeline for the future and creating an exciting work place. by the United Nations in 2010. efforts are afoot to move towards an accountability and responsibility driven variable pay programmes designed uniquely for various levels. existing processes are being reengineered and new processes are being introduced. in order to hire high caliber young talent into the Company and build a talent pipeline for the future. It was the youth in their 20s & 30s who brought RIL to this pedestal over the last 3 decades and going forward the intent is to pass the baton on to young leaders over the next 2 to 3 years. in the Fortune Global 500 list of the World’s Largest Corporations. WEF’s mission is to improve the state of the world and the elected board members make valuable contributions to this mission through their involvement. on the basis of sales. Shri Mukesh Ambani has been re-elected as Vice Chairman of the Business Council for Sustainable Development’s (WBCSD) Executive Committee for a second consecutive term in 2010. Compensation & Banding FY-11. RIL focused on following initiatives: People: Energising and engaging the existing work force. Towards this end there has been a significant endeavor in re-enforcing the existing talent base of 22. Policies: The focus in FY-11 was to make the policies employee friendly keeping in view employee specific needs.

Hazira Manufacturing Division received the British Safety Council’s (BSC). Hazira Manufacturing Division won the FGI Award for Excellence in Environmental Pollution Abatement and Preservation in 2010. Dahej Manufacturing Division received “Our Cup of Joy India’s Best Practices on Water Confederation of Indian Industry (CII) October 2010" Award for the Best practice of water conservation of “Utilizing Cooling Tower Blow Down water for Irrigation Purpose”. Five Star Environment Award for its “beyond compliance” initiatives. companies for creating the most shareholder value for the period 2000 to 2009. RIL is the only Indian company to get a perfect score from CLSA Asia-Pacific Markets (CLSA) in a list of Asia’s best companies in terms of CSR and termed the Company as the region’s ‘Corporate Good Guy’. Hazira Manufacturing Division received the DuPont Safety Award for outstanding initiatives towards workplace safety enhancements and accident prevention in 2010. Jamnagar Manufacturing Division Domestic Tariff Area (DTA) Refinery received the ‘Golden Peacock Award for Occupational Health & Safety’ for pace setting performance in OH and Safety in 2010. Dahej Manufacturing Division’s Quality Control Department (QCD) (Sangchhatvam) and GCU (Uday) plant won the “Par Excellent” award and RGSS (Suraksha) won the “Distinguished” award at the “24th Annual National Convention on Quality Concepts” (NCQC – 2010). Safety & Environment Allahabad Manufacturing Division received a rating of 90% for its environmental initiatives from British Safety Council in 2010. Hoshiarpur Manufacturing Division. . best environmental practices. in 2010. BCG has ranked RIL second amongst the world’s 10 biggest. In its ‘Ethical Asia’ 2010 report. making RIL the first Indian / Asian company to win this award. Dahej Manufacturing Division’s QCD (Sangchhatvam). GCU (Uday) and RGSS (Suraksha) won Gold Award and EOEG (Drishti) won Silver Award at the “21st Gujarat State Level Annual Convention on Quality Concepts – 2010”. RIL has also been named as the 8th biggest gainer in the list in terms of operating profits.Reliance Industries Limited 33 only Indian company in the world’s Top 20 chemical companies in the global ranking. Dahej Manufacturing Division received the ‘National Award for the Prevention of Pollution in Petrochemicals Sector’ for its excellence in environment practices from the Ministry of Environment & Forests. Dahej Manufacturing Division received ‘Greentech Environment Excellence Award 2010 – Gold’ for its excellence in environment practices from Greentech Foundation in 2010. organized by the Safety and Quality Forum of the Institute of Engineers. Hazira Manufacturing Division won the UK Energy Institute’s Safety Award for ‘Road Safety TRUST Programme’ in 2010. Hazira Manufacturing Division won CII’s Best Environmental Practice Award under “Most Innovative Project” and “Innovative Project” category in January 2011. Jamnagar Manufacturing Division DTA Refinery has been conferred with the Institute of Engineers’ ‘Safety Innovation Award’ for the year 2010. innovations and resource conservation efforts in 2010. Health. Jamnagar Manufacturing Division DTA Refinery received ‘Safety Innovation Award’ from Safety & Quality Forum of Institute of Engineers (India). RIL is rated as the 33rd ‘Most Innovative Company in the World’ in a survey conducted by the US financial publication. CLSA has named RIL among its top picks for providing very good data and going well beyond required disclosure. Punjab in 2011. in 2010. Project Management E&P Division received the Petrotech-2010 Special Technical Award in the ‘Project Management’ category for completion of their Krishna Godavari Gas project ahead of schedule. thus making RIL the first Indian / Asian company to win this award. ‘Sustainable Value Creators’. Government of India.Business Week in collaboration with the Boston Consulting Group (BCG). for four consecutive years in a row won the ‘State Safety Award’ from Punjab Industrial Safety Council & Chief Inspector of Factories. Further. Barabanki Manufacturing Division received ‘5 Star Rating on BSC Environment’ from British Safety Council in 2010.

Ministry of Science & Technology. Nagpur Manufacturing Division received the ‘Sword of Honour’ from the British Safety Council in 2010. Hazira Manufacturing Division won the “Innovative Project” from the CII in 2010. “NABL accreditation” based on ISO 15189: 2007 for the DAOH & FWC Medical Laboratory. Technology. Jamnagar Manufacturing Division SEZ Refinery has been selected as the winner of the “10th Annual Greentech Safety Award 2011”. in Platinum Category in the Petroleum Refinery Sector. Hazira Manufacturing Division won the Indian Chemical Council Award for chemical plant design and engineering in 2010. Jamnagar Manufacturing Division has been granted by The National Accreditation Board for Laboratories (NABL). Reliance Trends received the ‘Retail Marketing Campaign of the Year Award’ at the Asia Retail Congress 2010. Hazira Manufacturing Division won the FGI Federation of Gujarat Industries Award for technology development in 2010. Patents. Reliance Trends received the ‘Impactful Retail Design and Visual Merchandising of the Year Award’ at the Asia Retail Congress 2010. Retail Reliance Footprint received the Retailer of the Year Award in the Non Apparel and Footwear category at Asia Retail Congress 2010. R&D and Innovation Nagpur Manufacturing Division received the ‘Innovation Quest 2010 Trophy’ instituted by the Indian Institution of Industrial Engineering. Jamnagar Manufacturing Division DTA Refinery won the “Greentech Platinum Award (2010)” Safety Category. Vision Express was bestowed the ‘Award 2010’ for its contribution by the Netherlands India Chamber of Commerce and Trade in 2010. innovative execution. New Technologies. E&P’s KG-D6 won the ‘Innovation for India Awards 2010’ instituted by the Marico Innovation Foundation for their combined synthesis of advanced technologies. Dahej Manufacturing Division bagged the ‘Excellent Energy Efficient Unit Award 2010’ for its energy conservation efforts from CII in 2010.C. Vadodara Manufacturing Division received the CII Environmental Best Practice Award in 2011. Jamnagar Manufacturing Division SEZ Refinery has won the prestigious ‘Greentech Environment Excellence Award 2010’ in Gold Category in Petroleum Refinery Sector for its best practices in Environment Management. Award for Excellence in Energy Management’ for its energy performance from the Indian Chemical Council in 2010. Nagothane Manufacturing Division received the “Vana Shree Award” from the State Government of Maharashtra in 2010. Jamnagar Manufacturing Division received the ‘I. Jamnagar Manufacturing Division Special Economic Zone (SEZ) Refinery received ‘5 Star Award for Health & Safety’ from British Safety Council for sustained performance in Health & Safety in 2010. extreme engineering. . Jamnagar Manufacturing Division received the ‘National Award for Excellence in Energy Management’ for its energy conservation techniques from CII in 2010.34 New Businesses. Government of India. Sustainability Jamnagar Manufacturing Division won the ‘Golden Peacock Global Award for Sustainability for the year 2010’. Reliance TimeOut received the Retailer of the Year Award in the Leisure Category at Asia Retail Congress 2010. Dahej Manufacturing Division received the ‘National Energy Conservation Award 2010’ for its energy conservation initiatives from the Ministry of Power. Government of India. in Petroleum Refinery Sector for its outstanding Achievement in Safety Management.C. Reliance Technology Group (RTG) received “Certificate of Merit” from the Federation of Gujarat Industries and “ICC award for excellence in chemical plant design and engineering” in 2010. yielding unprecedented results and impact on India’s energy security. New Partnerships. Energy and Water Conservation / Efficiency Hazira Manufacturing Division won the ‘Excellent Energy Efficient Unit Award for FY 2009-10’ from CII in 2010.

tuberculosis and HIV / AIDS through a series of regular health awareness sessions. LPR complements our ‘Safety Best Practices’ and ‘Safety Procedures’ to be followed at all locations. Health and workplace Environment (CASHe) has grown and become a movement encompassing the entire enterprise with thousands of improvement projects. RIL respects human rights. In order to ingrain the safety culture. Management’s commitment. work ethics and business processes at RIL encourages all its employees and other participants to ensure a positive impact and its commitment towards corporate social responsibility. The LPR focuses on 10 high risk activities. which drives all employees to continuously break new ground in safety management for the benefit of people. at the Dhirubhai Ambani Hospital in Jamnagar. in strategic partnership with M/s DuPont Sustainable Solutions. new facilities were added to the hospitals including a state-ofthe-art. environment and the communities where we operate. One of the focuses was to conduct self assurance studies for the safety of the community through . Complying with the LPR is mandatory for all RIL employees. The programme has been instrumental in creating a culture of implementing health. daily health tips and personal counseling. cultural and educational programmes. values its employees. Vadodara. diabetes and communicable diseases such as malaria. a set of ‘Life Protection Rules’ (LPR) have been introduced in FY 2010-11. The Company’s commitment to excellence in Health and Safety is embedded in the Company’s core values. through strategic initiatives for sustenance. RIL’s manufacturing divisions undertook a rigorous self-assessment of operational discipline and they are in the process of implementing improvement measures with total employee involvement. which cater to curative health services to employees and their family members. Nagothane and Patalganga. Besides focusing primarily on the welfare of economically and socially deprived sections of society. In FY 2010-11. Health promotional activities are also extended to employees’ family members staying at Company townships. Started eight years ago as a pilot project at few manufacturing divisions. Safety & Environment Health RIL focuses on achieving excellence in occupational and personal health of its employees across locations. The Company has supported innumerable social and community initiatives across India touching the lives of millions of people positively by supporting environmental and health-care projects and social. RIL continues to pursue world class operational excellence through the HSE Management System initiative. while at the same time ensuring the highest standards of safety and environment protection in our operations. special burns treatment unit. RIL implemented the operational discipline framework of 11 characteristics to embed operational discipline in the organization in 6 major manufacturing sites. and invests in innovative technologies and solutions for sustainable energy flow and economic growth. RIL’s medical and occupational health departments are also in the forefront to prevent lifestyle diseases such as heart problems. Safety In FY 2010-11. RIL has full-fledged modern hospitals at its major townships at Jamnagar. These OHCs are equipped with state-of-the-art diagnostic and therapeutic equipment and are manned by qualified occupational health specialists. RIL also aims at developing technoeconomically viable and environment-friendly products and services for the benefit of millions of its consumers. The Company has a stringent policy of ‘safety of persons overrides all production targets’. The Company is aware of the environmental impacts of its operations and it continually strives to reduce the impacts. The Company has state-of-the-art Occupational Health Centres (OHC) at its manufacturing divisions and major offices. Health. safety and environment improving projects at workplace on a priority basis.Reliance Industries Limited 35 Report on Corporate Social Responsibility Report on Corporate Social Responsibility RIL embraces responsibility for impact of its operations and actions on all stakeholders including society and community at large. and for the employees of contractors. RIL’s HSE Management System (HSE-MS) has been further strengthened with new initiatives. In FY 2010-11. Change Agents for Safety. guiding principles and processes. property. This programme has also helped the Company improve its performance on the occupational health and safety front. The HSE-MS have been institutionalised to establish Company-wide safety management objectives. Process Safety Management (PSM) has been further strengthened in FY 2010-11. hypertension.

RIL has adopted the HSE Management System and uses Safety Case approach for the onshore and offshore facilities to demonstrate high levels of safety integrated into the design and operations through several risk and hazard assessment studies. The HSE Audit Protocol is based on the HSE Management Standards and systems and performance management principles. Most manufacturing divisions have been certified to ISO 14001:2004 certification of Environmental Management Systems and OHSAS 18001:2007 certification of Safety Management Systems. Implementation of recommendations emerging from such studies has resulted in evolving inherent safer measures in operations of such plants. Prior to the implementation of new projects the potential environmental impacts are assessed. American Chemical Council and the British Safety Council. Gadimoga and Jamnagar SEZ manufacturing divisions have instituted ISO-14001:2004. At the E&P operations. RIL has established emergency management systems and is checking and improving the efficacy of the same through periodic mock drills at various facilities of the entire KGD6 assets. the American Institute of Chemical Engineers. the international environmental accreditation based management system covers Company’s all manufacturing divisions. ISO 14001:2004 and OHSAS 18001:2007 by M/s DNV in April 2010. the . Reliance continues to be committed to develop and implement Environmental Management System (EMS) throughout the Group to measure. New Technologies. Further. The Company has further reinforced its ties with global institutions such as the Centre for Chemical Process Safety. control and reduce the environmental impact. New Partnerships. in FY 2010-11. M/s DNV successfully completed the first ‘Surveillance Audit’ of RIL’s KG-D6 asset in August 2010. RIL is fully compliant with various environmental protection and health and safety laws and regulations. In an important initiative. roles and responsibilities. RIL has instituted a compliance management system. both internal and regulatory audits (through Oil Industry Safety Directorate) were conducted to ensure that all statutory requirements are met in the operations. RIL has a well planned safety training programme for employees and also contract employees. The process provides assurance to the Group and the Board that the HSE Management Standards are being implemented and it identifies best practices that can be shared across RIL Group. carbon neutral and maximizing possible recycling and reuse of wastes. For Coal Bed Methane and Onshore Drilling operations without any Lost Time Incidents. which will be implemented across the Company’s E&P operations. audits and training has been further strengthened. RIL has also referred Global Reporting Initiative’s guidelines 2006 for developing its environment performance indicators. RIL has updated its group environmental standards and second party audit protocols. This concerted effort is aimed at developing environmental initiatives to address to RIL’s long term target of becoming water positive. RIL’s Central HSE audit programme is a critical component of the HSE governance process. The environment impact assessment and risk analysis are performed for all new and major expansion projects and necessary measures are incorporated to mitigate adverse environmental impacts at the planning stage of project. drilling and CBM operations. With this. during FY 2010-11. RIL’s stress on enhancing HSE performance through launching of HSE management Systems of international Standards continued with further launching of 18 HSE standards and 41 associated HSE procedures. which ensures that the Company is in full compliance to all applicable legal requirements. Process Hazard Analysis (PHA) and Quantitative Risk Assessment (QRA) in plants prioritized on risk basis. Environment In its pursuit of excellence in environmental management towards sustainable business development. which has been specifically designed to ensure that stakeholder expectations. group standards. HSE Policy and HSE Management Standards are being effectively implemented across the Group. which gives access to industry best practices.36 New Businesses. RIL’s HSE systems are aligned with recognised management systems and global best practices. RIL’s KG-D6 asset comprising of Onshore Terminal. in FY 2010-11. In its constant endeavour to be fully compliant with all regulatory standards. Additionally. Supply Bases and Off-shore facilities were certified with ISO-9001:2008. In this context. In majority of cases this has been integrated with ISO: 9001:2008 Quality Management System and ISO-18001:2007 OSHA management systems. The Company has also labeled the same as ‘Integrated Management System’ for the KG-D6 Asset. A management framework with defined structures.

The processes include work streams. RIL is partnering with the Ministry of Environment and Forests. Oman. the Company planted more than 10. Orchards of coconut. Further. RIL regularly conducts environmental monitoring around its facilities at both onshore and offshore and submits the monitoring reports to the regulatory bodies without any adverse comments.mts of lawn and 15. Yemen. The treated waste water from sanitary effluents is being reused in the green belt. With an objective of imparting awareness on oil spills control at sea during emergencies. a five star environment audit by British Safety Council. Apart from internal tracking of environmental compliance through an in-house portal. These manufacturing divisions have achieved more than 90% score. Government of India and Gujarat Ecological Commission to set up the National Centre for Marine Biodiversity (NCMB) – India’s first Centre of Excellence for the study of India’s coastal biodiversity. RIL completed its drilling campaign in Timor Leste without any environmental incidents. Kurdistan and Columbia. In FY 2010-11. RIL strongly believes that these actions will be the Change Agent for further reducing the Company’s environmental risks significantly. effluents and emissions. pomegranate. guava. 43. of ground covers apart from about 20. recycling of treated water in cooling water system and in horticulture activities. at Jamnagar.000 seasonal plants.Environmental Management Process’ with the help of international agencies. rabbits. Some native animals like ducks. vermi-compost of waste and its use as manure. RIL’s production facilities in and around Gadimoga (KG-D6 onshore terminal site) are well developed with green belt. RIL engaged the services of national environmental laboratories like National Environmental Engineering Research Institute (NEERI) and National Institute of Oceanography (NIO) to conduct the onshore and offshore environmental monitoring studies. RIL joined Indian Coast Guard and State Pollution Control Board’s initiative of beach cleaning at Kakinada in October 2010. To be in harmony with nature. at domestic and also international operations. In RIL’s improvement efforts. This is the first such initiative in India where the Government and a private sector stakeholder will be partnering to safeguard the biodiversity of coastal areas. are in full compliance to the norms and standards. 37000 sq. RIL completed its planned exploration operations with all necessary regulatory approvals and permits in its domestic and international blocks in Australia. RIL reports its externally verified environmental performance based on Global Reporting Initiative guidelines. Barabanki and Allahabad manufacturing divisions. UK was performed at Hazira. DNV. We achieved a trend of continuous reduction in our emissions and discharges and increase in effluent and waste recycling. In line with the world class organization. maintenance of green belts and gardens in and around our manufacturing units. PricewaterhouseCoopers also monitored RIL’s regulatory compliance through its Compliance Monitoring Tools. RIL has developed an environment second party audit protocol for the RIL.000 sq.000 shrub plants. external agencies like M/s.000 saplings. Site operations in KG-D6 received certification under ISO-14001:2004 under an Integrated Management System from M/s. at RIL’s E&P operations. Trained and qualified internal auditors perform internal or first party environmental audits of our environment management system at regular intervals. RIL’s nine manufacturing divisions have been audited for its environmental management by the British Safety Council (BSC) and the remaining manufacturing divisions are planned to be audited in FY 2011 -12. Wastes. No adverse notices / reports were received from the statutory bodies during FY 2010-11.Environmental Standards. RIL conducted oil spill response mock exercises in the East Coast with the involvement of all major operators and Indian Coast Guard in September 2010. With this. RIL’s continued efforts on reducing environment footprint are aptly reflected in its E&P business. jack fruit and mangoes are cultivated in the operational site. role and responsibility matrix and performance indicators to monitor the progress. To inculcate the spirit of cleaner beaches along the coast. In FY 2010-11. mts. Timor Leste. audits play an important role. . etc. RIL continues its efforts such as mangrove plantation and maintenance in the coastal areas with the help of international agencies.Reliance Industries Limited 37 Company developed ‘RIL. In FY 2010-11. tree plantation. The Company has developed three-tier audit systems. The high level environmental audit by the external agency or third party is performed for all manufacturing divisions which include annual audit by Gujarat Pollution Control Board (GPCB) recognized auditors in the State of Gujarat and ISO-14001:2004 audits by the accreditation agencies at regular frequency.

meritorious students were felicitated with an objective of encouraging them for higher studies. Jamnagar Manufacturing Division constructed a school building for village Kana Chikari of Lalpur taluka in Gujarat. RIL’s Dahej Manufacturing Division has extended financial assistance towards education of girl child in the state. Nagothane Manufacturing Division and the MADER Foundation provided school uniforms to the tribal and underprivileged students. books. the Company is undertaking a study of biodiversity enhancement in this region with M/s. RIL has undertaken a new initiative for conversion of organic waste to vermi compost. RIL has created a platform for computer learning in many villages. launched in AY 2008-09. Education A network of nine schools caters to 13. Its manufacturing divisions have provided computers to primary and secondary schools under the Company’s computer literacy initiative. Naroda area. relief and assistance in the event of a natural disaster. construction of schools etc. New Technologies. sourcing global knowledge / resources and best practices / models in the LD/Dyslexia space. RIL’s CSR teams across its manufacturing divisions interact with the neighbouring community on regular basis. continues to support . Awareness stall was put up that attracted thousands at the national book fair organized by Surat Municipal Corporation (SMC). Focus is on early identification of learning disability in child and procuring various screening tests for the same. MS Swaminathan Foundation in an area of 10 Hectares at Chollangipeta which is near to the KG-D6 facility. The school renders quality education in English medium to children of labourers working in GIDC. education. Eleven schools were selected for this initiative. In Gujarat.). who are economically and socially backward.251 students spread across geographies in India. tree plantation. treatment of hazardous waste). Membership of Maharashtra Dyslexia Association and International Dyslexia Association has been taken to make the project more focused with proven scientific practices and to get availability of resourceful experts. Partnership with similar associations across the country and UNESCO / BBC has been initiated to spread awareness and benefit the students with latest training aids. Annually free uniforms. RIL plays a pivotal role in supporting Government’s initiative towards education of girl child. to students of neighbouring villages of manufacturing divisions and E&P operations. RIL’s Project Jagruti.800 hours have been spent by 35 trained teachers and more than 1. under the project “Kanya Kelvani”. More than 8. love birds and fouls are also brought in the green belt to enhance biodiversity. Further. Hoshiarpur Manufacturing Division has adopted village MangrowalNari primary school. improving village infrastructure. Further. is setting the pace for the community’s response to the social dogma of the mentally underprivileged children.38 New Businesses. environment (effluent treatment. Reliance Dhirubhai Ambani Protsaham Scheme The Scheme. shoes and school bags are given to students and also free electricity is provided to the school.000 hours by RIL volunteers to uplift and bring the dyslexic students from the underprivileged segment into the main stream. Further. RIL continues to support the maintenance of mangrove plantation undertaken with the help of M/s. Regular counseling sessions are also being arranged with experts in personality development and psychology for motivating the children to achieve better results. CSR teams from RIL’s manufacturing divisions and E&P operations work ardently to support the educational requirements of the community and schools in the neighbouring region benefiting thousands of students from the underprivileged section of the society. RIL’s CSR teams continue to provide uniforms. RIL employee’s spouses are supporting this activity and many teaching aids have been developed. MS Swaminathan Foundation through project grants. the project to tackle dyslexia in Surat. out of which seven Zilla Parishad schools are located on a hilltop near the manufacturing division. books etc. and miscellaneous activities such as contribution to other social development organisations etc. Social responsibility and community development RIL’s contribution to the community are in areas of health. infrastructure development (drinking water. RIL continues to provide support to school run by Lions Club of Naroda Charitable Trust. New Partnerships. continuous monitoring is being done in local schools for improving the performance of students. NIOS registration has been initiated for Academic Year (“AY”) 2011-12. This includes processing of food and paper wastes from its operations at Gadimoga. To encourage school children from neighbouring villages in their learning process.

promotive and curative health care services to the community from neighbouring villages. Ambani at the presentation ceremonies and worked with the media to ensure adequate coverage of the work of such groups. several agencies and RIL. In addition. The first batch of the Protsaham students passed out the intermediate examination held in March 2010 with flying colours and from AY 2010-11 onwards. The initiative was expanded to other manufacturing divisions. 11 lacs to each of the groups at the conclusion of IPL 3. A special initiative of awareness campaign on ‘Prevention of HIV/AIDS’ targeted at drivers and cleaners of all product transport vehicles has been undertaken at various sites. With admissions of AY 2010-11. Dahej Manufacturing Division commenced Integrated Counseling and Testing Centre (ICTC) for HIV/AIDS at Dahej in partnership with Gujarat State AIDS Control Society (GSACS) in FY 2010-11. Manufacturing divisions at Jamnagar and Patalganga too have ART Centre facilities. It extends from creating awareness to providing care. The manufacturing divisions conduct regular health checkups for children in schools of their respective neighbouring regions. All patients are given medicines free of cost. It launched its Education for All Initiative during the Indian Premier League (IPL) season in 2010 to create a movement to support efforts to provide quality education to all children. Pratham. support and treatment including free of cost treatment to those who cannot afford the same. Patalganga site has conducted a series of health awareness programs in local schools and nearby small scale industries. Teach for India and Ummeed.000 free corneal graft surgeries for the visually challenged Indians from the underprivileged segment of the society. Hazira Manufacturing Division’s DOTS HIV / AIDS Centre is one of the largest Anti-Retroviral Treatment Centre (ART Centre) in the country. This collaboration continued through the year with an invitation to the groups to send children to attend the Mumbai Indians games at the Champions League matches in South Africa. The Mumbai Indians team joined Mrs. Medical camps were organized by all sites benefitting patients from nearby villages and tribal areas. The initiative to combat TB. Mumbai Indians also invited 700 children from all the NGOs to see each of the Mumbai Indians home games. A 22 bedded hospital for HIV / AIDS patients has been commissioned recently.Akanksha. Nanhi Kali. Project Drishti has undertaken over 9. This initiative is aimed at addressing the health of the increasing number of migrant workers in the region resulting from the industrial growth . As required. Awareness lectures on prevention are conducted and condoms have been distributed.Reliance Industries Limited 39 poor meritorious students. Community Health Care RIL has developed Community Medical Centres near most of its manufacturing divisions to provide comprehensive health services covering preventive. It is the largest corneal grafting surgery project enabled by a single corporate entity in India. RIL is providing financial aid to the toppers for pursuing their higher studies in engineering and medical streams. activities are largely in the advocacy and awareness area. Mumbai Indians was able to gift Rs. Nita Ambani. Recipient students of Reliance Dhirubhai Ambani Protsaham Scheme got admissions in junior colleges of their choice. HIV / AIDS is a unique publicprivate partnership program between the Government. TV commercials that ran through the duration of the IPL. all sites have provided ambulance support to roadside accident victims to shift them to hospitals / nursing homes. Drishti A unique joint initiative of RIL and National Association of Blind. the total strength of students receiving support under the scheme has gone up to 656. Doctors advise children and their parents on various health care issues and personal hygiene. Mumbai Indians helped create awareness for the cause of education and the work of these five organizations through official Mumbai Indian videos. a passionate advocate for the cause of education. Mumbai Indians supported five NGOs carting out outstanding work in the field of education . Through this effort. Mumbai Indians Education for All Initiative Mumbai Indians took on the mandate of education as a primary social issue. As part of this initiative. This initiative was the brainchild of Mrs. Through the sale of the wristbands and additional support. sale of Mumbai Indians Education for All wristbands as part of the merchandizing and awareness creation through its radio partners and instadium announcements during games. NGOs. Mumbai Indians also organized a briefing for the cricket team to interact with children and staff of all the NGOs.

The manufacturing division realizes the health problems faced by the tribal’s and it took a major step towards providing free OPD (out patient department) treatment on weekly basis to the tribal people staying at hill tops. diagnostic and therapeutic services including free medicines to neighbouring villages. Medicines are offered free of cost. minimize risk and liability. Maharashtra continues to play a significant role in improving the quality of life in surrounding communities. the hospital conducts cataract surgery camps annually. the manufacturing division developed the road and even made it motorable up to village Gangawane. villagers are deprived of medical facilities in the region because of absence of proper approach road to the villages as they are located on hilltops. a public-privatepartnership initiative between RIL. through Reliance Ladies Club (an association of spouses of RIL employees) has a similar ongoing child adoption programme – ‘Project Hope’. round the clock with comprehensive health services. Kakinada. reduce injuries. offers free of cost treatment to HIV/AIDs patients. RIL established the PHC at Gadimoga. Mobile Van Clinics – Health-on-Wheels. Dhirubhai Ambani Hospital at Lodhivali. A centre dedicated for training truck drivers for transportation of hazardous goods has been established for round-the-clock training. In tribal villages surrounding Nagothane Manufacturing Division.40 New Businesses. prevent crashes. The Primary Health Centre (PHC) at Dahej. Besides taking care of hospitalization requirements. It extends prompt and specialized services to the Mumbai-Pune highway accident victims. Hazira Manufacturing Division along with an NGO have launched an orthopedic hospital with ultra-modern facilities and one rehabilitation centre. Hazira Manufacturing Division has institutionalised road safety training and has reached out to over 158. control driver performance. adopted by RIL under the National Rural Health Mission Programme caters to the community health needs of 23 surrounding villages. In 2004. At present.000 tanker / truck drivers who visit the plant for pick-up and dropping feedstock / finished goods. This center is being run with the technical support of NGO Uma Mano Vikasa Kendram. planned under Dahej SEZ and PCPIR Zone. Further. RIL has established an Early Intervention and Rehabilitation Center for supporting the mentally challenged children living in Tallarevu Mandal and Yanam Union Territory. Hazira Manufacturing Division has . To provide emergency and trauma care to victims of highway accidents. Every week a doctor with medical team and medicines visits tribal hamlet and provides OPD services to tribals. Bharuch district. Hazira Manufacturing Division. The PHC has six member medical staff with all the amenities such as two-bed nursing room. RIL is also constructing a new 30-bed PHC and the existing PHC will be shifted to the new building. Hospital building was inaugurated by the Chief Minister of the State of Gujarat. Both facilities have become operational in March 2011. Moreover. the hospital provides poor patients and senior citizens subsidized treatment . children from the region having different disabilities have already been enrolled. Objective of the initiative is to create necessary awareness amongst workers to prevent HIV/AIDS. Manufacturing divisions offer free medical services including free medicines to the neighboring villages. ART clinic. New Technologies. Jamnagar Manufacturing Division runs ‘Project Balkalyan’. at Hazira to take care of nutritional requirement of HIV positive children. RIL runs two sub-centres of the PHC at Bhairavapalem and Laxmipathipuram. RIL’s manufacturing divisions offer free medical. In association with the Lions Club.both in the outpatient and in-patient departments. which are specially designed mobile dispensaries equipped with doctor accompanied by a nurse. A well-equipped community medical centre with four observation bed facility at Jamnagar continues to offer free-of-cost. CII and NACO. Safety initiatives for community Road Safety System is most cost effective and easy to use tool for improving public safety and thus offering a life-line to humanity. New Partnerships. No driver is allowed inside complex without training. with an objective to provide nutritional support to children affected with HIV infection. Trauma patients are provided free lifesaving treatment. visits neighbouring villages on a scheduled basis all through the week. Nutritional kit is distributed to all HIV positive children when they visit the Centre for monthly follow up. The training focuses on safe operation of fleet vehicles by eliminating unsafe driver and driving behaviors and reinforcing aspects of save lives.

Further. academic. This is a part of cleanliness drive for a disease-free environment at employees’ township.7 mcft and would cater to about 1. Further. An NGO called GAIA Initiative from Japan is working with Hazira Manufacturing Division for this project. Conference on Synergy with Energy. RIL’s CSR team used unattended / non-recyclable plastic waste in construction of tar road which reduced construction cost as well improved road life and reduced road maintenance cost. roads. across the State of Gujarat. The completed facilities include 478 Anganwadi buildings. woman rag pickers’ group. tree plantation activities were organaised at many locations. the surrounding villages of Hazira Manufacturing Division and also Surat city in Gujarat. HIV DOT Centre. To bring out the innovative spirit of young students of Surat / RIL employees and also to acknowledge / reward the ideas that can contribute to improving the environment. . installation and commissioning of solar AC (1. RIL organised programmes of industrial. installation of solar street lights in number of villages. Hazira Manufacturing Division in partnership with an NGO is working for social and economical security of woman rag-pickers. Awareness of cleaner. They also contribute to the development of various village infrastructure such as developing. free supply of blankets etc. for the first time in State of Gujarat. 61 underground RCC sumps and 05 Check Dams and 06 other works with the total expenditure of Rs. 58 Cement Concrete Roads. as part of its commitment towards responsible care and product stewardship intervention. 24 Crore in FY 2010-11. historical and environmental importance such as Chemical Industry-2020 Vision and Action at Ankleshwar. Total 608 facilities got completed during the year.306 various rural infrastructure facilities with an expenditure of more than Rs. Van Mahotsav2010 at Palitana. greener environment and global warming issues are made at schools and also to villages from the surrounding region. RIL’s manufacturing divisions continue its green energy drive by making the rural folks aware of alternate energy. Further. installation and commissioning of Solar- Micro-wind combined system (2 kW) at J H Ambani School. This program is being extended to over 350 slums of Surat and also various other RIL locations in Gujarat and other states. RIL in partnership with Gujarat Engineering Research Institute (GERI) and R & B Department constructed a 900 meter road stretch using 5% plastic waste. ‘Life Line Foundation’ and adopted 110 kms stretch on the State Highway in Gujarat starting from Sachin to Bharuch and the state highway via Hazira Olpad Hansot Ankleshwar. RRDT. Further. International Conference on Global Warming at Gujarat Vidyapeeth. the local RTO has been supported by installing a multimedia based training facility to render safety awareness to all license aspirants. Some of the projects that have been initiated are: installation and commissioning of solar-microwind combined power system at HIV DOT Centre. To reduce plastic litter. 270 crore.7 TR) at Orphanage. 2011. Mora Village and training on “house-hold energy conservation / efficiency measures” conducted for all village in the vicinity of the manufacturing division. Mora village.065 Hectares of rural land. Surat. thus eliminating channel of waste merchants and promoting. will have total water storage capacity of 8. direct sale of waste PET bottles to processing units is facilitated. Awareness and sensitization programs about the technology and its benefit to community have been undertaken to benefit the population of neighbouring villages of Hazira. Global Bird Watchers Conference at Jamnagar. RIL’s manufacturing divisions supply free potable water to the neighbouring villages especially during water shortage periods. efficient energy usage. street lights. Under the programme. Environment initiatives for the community A zero garbage campaign has been launched in Reliance Townships to propagate the concept of solid waste (dry and wet waste) management. Surat. bus sheds. Community Development Reliance Rural Development Trust In FY 2010-11. Hazira Manufacturing Division announced a ‘Green Idea Award Scheme’ in 2010. has completed 7. Reliance Rural Development Trust (RRDT) undertook 797 works in 760 beneficiary villages of 125 talukas under 24 districts of Gujarat to create rural infrastructure under the Gokul Gram Yojana (GGY) of the Government of Gujarat. The Check Dams completed in FY 2010-11.Reliance Industries Limited 41 tied up with an NGO. Unattended and non recyclable plastic waste sourced from rag pickers’ cooperative group also dead stock seized by Surat Municpal Corporate was used. since its inception in 2001 till March 31. Conference on Gujarat’s Maritime History by Darshak Itihas Nidhi.

Around RIL’s on-land operations in the Coal Bed Methane project areas in Madhya Pradesh.42 New Businesses. training in horticulture cultivation and fruit saplings are also given to the farmers of the adjoining villages. Livelihood Support Programmes RIL has always been at the forefront in implementing initiatives especially for the welfare of rural women and youth of surrounding villages through various self-help groups (SHG). storing and transportation trials were conducted with PP leno bags to help remove apprehensions of users in adopting advanced packaging solutions. RIL’s local community welfare cell constantly remains in close touch with the villagers. Jamnagar Manufacturing Division continues to serve the villages around the refinery complex. RIL has been working with the farmers and with Krishi Vigyan Kendra to create awareness of the concept in order to improve the quality of the produce across the country. burial ground and school compound wall in Gadimoga Panchayat. Improving quality of agricultural produce RIL conducted several programmes and participated in farming related exhibitions to propagate advanced technologies in the production. Numerous infrastructure developments in villages adjoining and neighbouring the Jamangar Manufacturing Division such as development of cement concrete roads. handling. RIL promoted Organic Aqua culture with the technical guidance of National Center for Sustainable Aqua culture (a sister concern of MPEDA). motor vehicle driving. In FY 2010-11. Nagothane. RIL demonstrated use of advanced farming techniques by use of plastic in enhancing producitivity. courses such as plumbing and hand pump repairing training. the Company continues to give medical support to the villagers through a mobile medical van. Use of Leno bags made out of polypropylene (PP) was extensively promoted amongst farmers. This helps in 10-15% increased yield and in uniform ripening across the bunch. Several varieties of paddy seeds. drainage. Usage of PP nonwoven material as skirting bags for bananas helps in growing spotless fruits of uniform size. computer hardware repair. Skill Up-gradation for Plumbers RIL’s Polymer team conducted training programmes and workshops for plumbers on advanced technology in plumbing systems with PPR pipes. courses are offered for dress making and designing. a ‘Kisan Mela’ was organized by MADER Foundation. Hazira. Gadimoga and many other manufacturing divisions offer training programmes through various SHGs help the rural women and youth to be “self sustaining” and generating income for themselves and supporting their families. crematorium and also supply of water construction of Haja Dada temple at a neighbouring village. For the womenfolk. mobile repairing and doormat making etc. in the States of Gujarat and Tamil Nadu. Continuing with the services and keeping up the tradition. hospital attendant (Helpers for Hospital and Nursing Homes). Vadodra. water. Reuse of well site water to the crops is demonstrated through irrigation in an experimental farm for enhanced utility of resources available for the upliftment of quality of life of the living communities around manufacturing divisions and E&P operations. Filling. financial assistance was given by MADER Trust as subsidy. New Partnerships. storage and distribution of agricultural products. Leno bags are immensely beneficial to farmers as it reduces handling losses in fruits and vegetable products. Farmers are also encouraged to cultivate vegetables in the winter season making them available host of vegetable seeds and a financial subsidy from MADER Foundation on the purchases. pesticide to pass through while giving protection from insects and pests attack. beauty culture and health care. those who are involved in export of their produce. Further. while for the youth of the surrounding communities. while allowing air. RIL initiated several village infrastructure development projects such as construction and renovation of community halls. Fodder for cows of neighbouring villages was supplied by RIL’s CSR team working at Jamnagar. New Technologies. Advanced techniques . reducing losses and increase in earnings and distributed promotional materials. RIL also had a targeted solution for the banana growing farmers. Sikka were undertaken in FY 2010-11. It is a matter of great pride that many of the beneficiaries of these training programmes are earning a decent amount of livelihood and are financially supporting their families. the city of Jamnagar and the community at large. On the purchase of first bag of paddy seeds. To help farmers buy the correct and high yield variety of paddy seeds. and fertilizers were made available to farmers.

and reached the finals. gifts to girls were distributed individually by RIL. uniform and their daily allowances as well as to the publication of a special handbook on the Football World Cup. Shivratri. the equal joint venture between IMG and RIL.Reliance Industries Limited 43 of welding to prevent leakage and ensuring hygienic and safe drinking water to the users were taught at these events. the activities of the Vishwa Gujarati Samaj. This was one more contribution to strengthen and consolidate RIL’s association with Gujarati community at large. Promoting Sports and Sportsmen RIL continues to promote and support sports and sportsmen. forged partnerships with . cuisines and crafts at one place. Table Tennis Championship Tournament at Vadodara. resurfacing and strengthening of ‘Dhirubhai Ambani Marg. affiliated MPCA’s All India Cricket Tournament. Through these programmes local plumbers are kept abreast with advanced and modern technologies in plumbing. Tennis Tournament of Government Employees at Ahmedabad. Financial assistance and support was given to festivals such as Durga puja. RIL sponsored a state level navratri festival under the banner of Gujarat Industries Navratri Festival Society. Ahmedabad. Hockey League Night Tournament at Rajkot. the entry here is free for all. IMG Reliance Private Limited (IMGR). was completed in FY 2010-11. Gujarat State Chess Association for conducting under-09 chess tournament. Also. Refurbishing of the temple premises such as construction of ceiling in adjoining area of the main temple premises. Third Gujarat Major Ranking Badminton Tournament at Ahmedabad. a pedestal bridge connecting two banks of river Gomati. reinstallation of CCTV based camera security system etc. Financial support was given to International Tournament for upcoming chess-players. etc. Also. the Mumbai-based IPL franchise owned by IndiaWin Sports Pvt. Gandhinagar. Utkal dival. RIL in partnership with a regional magazine sponsored a convention of Gujarati Poetry and Music during the year. Ltd. RIL also extended support to publication of ‘Shraddha Setu’-a coffee table book on Gujarat’s pilgrimage centres. Support was also given to Gujarat State Football Association and Jamnagar District Football Association for players’ coaching fees. training manuals and installation guides were made available in various vernacular languages. RIL continues to support social. In FY 2010-11. We are now poised to take up construction of Sudama Setu. The newly developed facility at the temple square is ready for dedication to devotees of Lord Dwarkadheesh. cultural and spiritual activities of Shardapeeth of Jagadguru Shankaracharyaji. and other cultural/voluntary organisations in FY 2010-11. MI has been the most followed team in the IPL and enjoys a huge global fan base. Central Board of Cricket. Brochures. were given financial assistance. Supporting Indian Culture During the traditional Navratri garba festival. Kabaddi Tournament of Maharashtra Krida Mandal. educational. Plumbing kits were also distributed to plumbers selected by our customers. financial assistance was extended to Shree Somnath Trust for construction of Kokila Dhirubhai Ambani Sagar Darshan Dham (a place of accommodation for pilgrimas and furniture was provided to Dhirajdham at Nathdwara Temple. The Company extended support to Reliance Inter-Cricket Tournament. The construction and beautification at Temple Parisar in Dwarka has been completed. Heritage Conservation Development of Dwarka and other places of religious and spiritual significance is a passion for RIL. G1 Cricket Tournament. Mumbai. modern and classical garba competitions as well as traditional street-garbas are performed and the whole venue is developed for nine days in such a way that one gets a total feel of Gujarat’s culture. Dwarka. Chorwad. Shuttle Tournament at Kochi and Sports Carnival at Bhopal were some of the major sports-events that were supported during the year. MI registered the most number of wins in Season III of the Indian Premier League. as well as to one upcoming chess-player. 150 years of Swami Vivekanand. Sardar Patel’s birth anniversary. Several institutions organizing Navratri festival at Jamnagar. Installation of PPR plumbing system takes less time for installation and reduces physical labour thus leading to higher earnings for the plumbers. Swarnim Gujarat celebrations etc. etc. Unlike other commercial Navratri venues. a subsidiary company of Reliance Industries Limited is led by Sachin Tendulkar. Mumbai Indians (MI). a by-pass road leading to the temple from the national highway was completed. were supported and promoted during the year.

In another such unique assistance. urban renewal. RIL instituted ‘NASI-Reliance Industries Platinum Jubilee Awards’ covering both ‘Physical and Biological Sciences’. Backed by an endowment from RIL. “Lakme Fashion Week”. To commemorate the 78th Birth Anniversary of RIL’s Founder Chairman Dhirubhai Ambani. In October 2010. RIL also extended financial support to students and educational institutions such as: Centre for Environmental Planning and Technology (CEPT). and promotion and protection of India’s art and culture. which stands for ‘Bharat India . Supporting Institutions Dahej Manufacturing Division extended financial assistance to ‘Swajaldhara Scheme” organized by Water and Sanitation Management Organization (WASMO). IMGR is set to revolutionize the Indian Sports scenario. The Foundation focuses on five core pillars: education. an initiative of CNN-IBN in partnership with RIL honors the silent warriors of change. rural development. a 100 year old school known for its Sanskrit teaching. Reliance Foundation launched Mission BIJ. in December 2010. financial assistance was given to Shri Vidyamrut Varshini. The School had even impressed Mahatma Gandhi and Kasturba when they visited it. Premdhara Shishu Vihar. Gandhinagar was given a special financial support for the slum-children school run by it. ‘Real Heroes’. the All India Football Federation (AIFF) and Basketball Federation of India (BFI). acknowledges the extraordinary contribution from ordinary citizens in the fields ranging from ‘Women’s Welfare’ to ‘Social Welfare’.44 New Businesses. was incorporated in 2010. Jamnagar. “Aircel Chennai Open”. Ahmedabad. In December 2006. from ‘Youth’ to ‘Education and Children’ and from ‘Health and Disability’ to ‘Sports’. the professional golf tournament on European and Asian Tour. In its fourth year. RIL instituted ‘UAA-Dhirubhai Ambani Lifetime Achievement Award’ for innovative and outstanding contributions in the field of chemical sciences. where more than 500 schools in East Godavari district participated. health. Consumer Education and Research Council (CERC). The ‘Reliance Dhirubhai Fellows’ receive full financial support for education of Stanford. New Partnerships. RIL partnered with the Stanford University and Stanford Graduate School of Business for creation of the ‘RelianceDhirubhai Ambani Undergraduate Scholarship Fund’ as well as ‘Reliance Dhirubhai India Education Fund’ with the aim of identifying and supporting promising Indian students with financial need for higher education. Deendayal Petroleum University. 5 lakh each. for developing drinking water facility by laying pipeline in the neighbouring villages. Gramshree Trust. its flagship program focusing on supporting smallholder farmers. MP Shah Medical College. New Technologies. with the overall aim to create and support meaningful and innovative activities that will address some of India’s most pressing development challenges. BIJ. at Bradenton. envisaged to become one of the foremost professional philanthropic organizations in the world. is undergoing training at IMG Academies. RIL has extended financial assistance to development of Dhirubhai Ambani Vanijya Bhavan . IMGR has initiated “IMG Reliance Scholarships for India” to identify and train young athletes in India. in partnership with National Academy of Sciences. Pt. IMGR will work with the Federations to improve the standard of game in India by participating from grassroots to professional levels. Valsad.the new premise of Jamnagar Chamber of Commerce and Industry and for repairing and refurbishing Sardar Vallabhbhai Patel National Memorial at Shahibaug. IMGR also operates India’s premier lifestyle event. district level quiz competition (RDHA Quiz 2010) was organised. Reliance Foundation Reliance Foundation. Government of Gujarat. NASI recognizes scientists for their significant contribution for application-oriented innovations and research. Patan especially engaged in vocational training of needy women. The Foundation embodies corporate systems and processes driven organization operating on a not for profit basis. jointly with UDCT Alumni Association (UAA). Acknowledging and supporting talent ‘Real Heroes’. Florida. Through its partnership with AIFF and BFI. The first batch of “IMG Reliance Scholars”. India’s only ATP level Tennis event and “Avantha Masters”. Similarly. The Real Heroes are felicitated at a grand event with a trophy and cash prize of Rs. India (NASI).

1. Several high-budgeted research projects. Paediatric Hematology and Paediatric Endocrinology. and infrastructure and community development. Upgrading of scientific knowledge and infrastructure is done incrementally in HNMRS. the Schemes are in implementation in several states. Nursing course which will help to generate more graduates in the field of nursing. Intensive care units and operation theatres have been upgraded. Diu and Dadra Nagar Haveli. having rendered quality healthcare to the society for more than 85 years. Reliance Foundation has also launched an initiative to set up a world-class multidisciplinary university in Maharashtra as well as revamping and creating a world class tertiary care hospital in Mumbai. diagnostic. therapeutic. Maharashtra. Initially envisaged as an agricultural focused program. Mission BIJ will provide support to smallholder farmers along the supply chain through input support. Mission BIJ will eventually work with farmers and communities on a comprehensive rural development strategy. With a sustained follow-up. including education. It is poised for further paradigm upgradation of its capabilities in the area of Applied Research. and rehabilitative aspects of health. The HNMRS has undertaken over 150 research projects on a wide range of topics. health. On a district-wise basis for the State Education Boards and state-wise basis for CBSE. In the rest of the states and union territories. the Foundation’s “Dhirubhai Ambani SSC Merit Reward Scheme” has been recognizing and rewarding the Board toppers at Std X exams. and several of them have already found expression in terms of new inventions or innovations which have empowered doctors in the difficult task of decreasing the mortality and morbidity of disease. Its overall goal is to make farming a profession of first choice by empowering smallholder farmers. viz. Onco-Surgery. Reliance Foundation is also planning interventions in the space of education and health services that aim to address the service delivery challenges on the ground in rural India.389 of whom are physically challenged. Starting in over 6 geographic sites spread across four states. It is a multi-specialty tertiary care hospital with some rare specialties like Oro-facial Surgery. the scheme rewards the physically challenged category of the State Boards and the top five students per state per year are given the Scholarships and the Rewards. HNHRC has started B.153 students. Dhirubhai Ambani Foundation Dhirubhai Ambani Foundation (DAF) has Education and Public Healthcare as its focus areas. 129 rewardees and 103 scholars. Similarly. of considerable medical and scientific relevance to the community. HNHRC has periodically conducted programmes like free health camps and public education sessions on prevention of diseases. post harvest and marketing support. Sir Hurkisondas Nurrotumdas Medical Research Society Sir Hurkisondas Nurrotumdas Medical Research Society (HNMRS). DAF has now succeeded in taking its Schemes for the physically challenged to 19 other states which have State Education Boards. Gujarat and the Union territories of Daman. a non-profit research organisation based in Mumbai was established with the sole aim of undertaking scientific research in the area of biomedical sciences and allied disciplines. have been completed and are also on hand currently at the HNMRS. Most of the studies done at this institute have the potential for translation into tangible benefits for humanity. The construction of new hospital has started and is in full swing. Sc. It is one of the most renowned institutes for transplant surgeries and eye donations. Sir Hurkisondas Nurrotumdas Hospital and Research Centre Sir Hurkisondas Nurrotumdas Hospital and Research Centre (HNHRC) is a renowned institution in South Mumbai. The Foundation’s “Dhirubhai Ambani Undergraduate Scholarship Scheme” has been motivating students excelling at the +2 level and assisting them to pursue higher education.Reliance Industries Limited 45 Jodo’ (BIJ) aims to bridge the gap between rural and urban areas. Goa. technical assistance. Strengthening and renovation work was carried out in the HNHRC building. most of which are of national importance in the areas of the preventive. The Schemes also makes special provision to reach out to the Physically Challenged Category and the girl child. Free health checkups and screening programmes for senior citizens and physically challenged were also organized. This has benefited additional 232 physically challenged students. Dhirubhai Ambani International School Dhirubhai Ambani International School recognizes the imperative of imparting an educational experience that is . Till date the Schemes have benefited 8.

06%. The Empowering Villages Everywhere (EVE) initiative provides solar lamps to villages where electricity is scarce. 3 at University of Bristol. a score that was only achieved by 86 children worldwide in the previous year. our ICSE children have achieved excellent results earning an average score of 94. Jordan. Amongst the Ivy League and other leading universities. Princeton 1.our students have achieved impressive results in the examinations held in 2010. Our students are enthusiastically continuing their work to construct houses and roads in Hassachipatti (a village near Matheran) and also provide educational opportunities for children there.8 points. New Partnerships. The School celebrated its Annual Day on the theme ‘Chirstmast’. . 1 at University of Edinburgh. Yale has accepted 1 student. The School’s students are involved in several service activities. They work with NGOs like Advitya. The IB Class of 2011 has earned admission offers from the world’s top universities. Through the ‘Across the Road’ neighbourhood service initiative and education and health programmes. world-class in every respect and which prepares children for global citizenship. Michigan 2. showcasing the School’s talent and reinforcing the spirit of giving and the Chirstmas Carnival. It consisted of a musical ‘The Gift’. U-Penn 3. 85. the Class of 2010. Northwestern 1. The theme of this conference was water conservation. which fosters a harmonious relationship with people from across the border. Building on the School’s excellent track record all these years. Sultanate of Oman. the sixth batch. In 2010. The School’s performance on the university placement front continues to be excellent. University of Chicago 5. across all its three streams . Students who applied to universities in other countries and those who plan to study in India are expected to do equally well when their admissions are finalized. with participation of 20 Schools from Bangladesh. with 45% of them scoring 95% and above and the topper scoring 96. our School hosted the Round Square South Asia and the Gulf Region Junior Regional Conference at the School. The Annual DAIMUN (Dhirubhai Ambani International School Model United Nations) Conference 2010 deliberated on the menace of corruption and how it could be addressed with the urgency it deserves. Brown 1 and New York University 19. 19 at Warwick and 6 at London School of Economics. Carnegie Mellon 11. Other reputable universities that have offered admission to our students include McGill. DAIS Study and Activity Centre at Matheran. which was organized by our students to raise funds towards community service. 4 students were accepted at Oxbridge. 9 at King’s College. attained an average score of 37. Akanksha. was another highlight of the year at the School. New Technologies.the ICSE. among others. Muktangan and Pratham. University of California LA 19. ‘Paigaam’ Peace Conference. British Columbia. our students reach out to community members in Bandra-Kurla Complex. through discovering the joy of learning. UAE and India. through a fete they raised substantial funds to support this initiative. Columbia 4. as compared to the world average of 35% and the Indian average of 34%. 8 at University of Manchester.3% of all IGCSE grades achieved were A* and A grades. As against the average score of 36 (out of the maximum possible score of 45) achieved by the first five batches of our IB students. University of Toronto and University of Hong Kong. And 2 of them earned the perfect score of 45 points. For the fourth year in a row. 15 at University College London.46 New Businesses. one of our children received the ‘Best IGCSE Student in India’ award from the Cambridge International Examinations. awakening and illuminating their intellect in multidimensional ways and instilling abiding values in themselves. UC Berkeley 9. The School’s vision is to provide a learning environment that encourages children to bring out the best in themselves and which supports their allround development. Cornell 3. For the fifth year in a row. Some of our children have topped the world in several subjects while some have been national toppers. compared to the world average of 29. Stanford 3. Mumbai.80%. 7 at Imperial. the IGCSE and the IB Diploma .

it is our belief that as we move closer towards our aspirations of becoming a global corporation. high credit ratings. fairness in all its transactions in the widest sense and meet its stakeholders aspirations and societal expectations. are independent directors. At Reliance. . we have also delivered a consistent unmatched shareholder returns since listing. governance processes and an entrepreneurial.73% respectively. our corporate governance standards must be globally benchmarked. Since our Initial Public Offer (IPO) 33 years back. At Reliance. The Company has defined guidelines and established Good governance practices stem from the culture and mindset of the organisation. The demands of corporate governance require professionals to raise their competency and capability levels to meet the expectations in managing the enterprise and its resources effectively with the highest standards of ethics. 7 out of 13. auditors and senior management . Remuneration Committee and Corporate Governance and Stakeholders’ Interface Committee comprise only independent directors.24% and 30. Details of several such initiatives are available in the section on Corporate Social Responsibility. Corporate governance is a journey for constantly improving sustainable value creation and is an upward moving target. That gives us the confidence of having put in the right pedestal blocks for future growth and ensuring that we achieve our ambitions in a prudent and sustainable manner. we have grown revenues and net profit by a Compounded Annual Growth Rate (CAGR) of 28. low attrition across various levels and substantially higher productivity. gain a greater share of market opportunities and sustainably drive their top and bottom lines. Reliance not only adheres to the prescribed corporate practices as per Clause 49 but is constantly striving to adopt emerging best practices worldwide.the CEO and CFO. We have undertaken several initiatives towards maintaining the highest standards and these include: Independent Board with defined role & responsibilities: A majority of the Board. we feel honoured to be an integral part of India’s social development. It is our endeavor to achieve higher standards and provide oversight and guidance to management in strategy implementation and risk management and fulfillment of stated goals and objectives.6 million now. apart from having a track record of uninterrupted dividend payout. It has thus become crucial to foster and sustain a culture that integrates all components of good governance by carefully balancing the complex interrelationship among the board of directors. audit committee. our employee satisfaction is reflected in the stability of our senior management. The financial markets have endorsed this sterling performance as is reflected in a 25. This emanates from our strong belief that sound governance is integral to creating value on an overall basis. Our customers have benefited from high quality products delivered at the most competitive prices.000 after the IPO to around 3. Statement on Company’s philosophy on Corporate Governance accounting team.32% CAGR growth in our market capitalisation in the past five years. the report containing the details of corporate governance systems and processes at Reliance Industries Limited is as under: 1. In terms of distributing wealth to our shareholders. The Audit Committee. What epitomises the impact of all that we do is the fact that our shareholder base has grown from 52. performance focused work environment. This is demonstrated in shareholder returns. At Reliance we are committed to meeting the aspirations of all our stakeholders. The governance is about outperforming sustainable organisations. Above all. transparency. These are the organisations that succeed consistently in the market place.Reliance Industries Limited 47 Report on Corporate Governance Report on Corporate Governance In accordance with Clause 49 of the Listing Agreement with the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE) (Clause 49) and some of the best practices followed internationally on Corporate Governance. Corporate Governance is a set of systems and practices to ensure that the affairs of the company are being managed in a way which ensures accountability. Over the years governance processes and systems have been strengthened at Reliance and the corporate governance has always been an integral part of the way the business is done.

construction of schools. The Company’s contributions to the community are in the areas of health. Chartered Accountants. The CSR teams at the Company’s manufacturing divisions interact with the neighbouring community on regular basis.). Audits and internal checks and balances: M/s. The Company also supports and partners with several NGOs in community development and health initiatives. Chartered Accountants. The gamut of this system includes statutes such as. A dedicated Legal Compliance Cell within the Management Audit Cell ensures that the Company conducts its business with high standards of legal. The Company has a Management Audit Cell that reviews internal controls and operating systems & procedures. internal controls. etc. allow optimal use and protection of assets. Deloitte Haskins & Sells. Chaturvedi & Shah. The Company also undergoes secretarial audit conducted by an independent company secretary in whole-time practice. framework for the meetings of the Board and Board Committees. All securities related filings with Stock Exchanges and SEBI are reviewed every quarter by the Shareholders’/ Investors’ Grievance Committee of Directors of the Company. infrastructure development (drinking water. The quarterly audit reports are placed before the Board and the annual audit report placed before the Board is included in the Annual Report. Best Corporate Governance practices: Reliance believes in maintaining the highest standards of Corporate Governance and it’s the Company’s constant endeavour to adopt the best Corporate Governance practices as laid down in international codes of Corporate Governance and as practised by well-known global companies. The Company has instituted a legal compliance programme in conformity with best international standards.48 New Businesses. environment (effluent treatment. facilitate accurate and timely compilation of financial statements and management reports and ensure compliance with statutory laws. The agenda for Board reviews include strategic review from each of the Board committees. etc.). the Board reviews financial reports from the CFO and business reports from each of the sector heads. All its sustainability reports are externally assured and . one of India’s oldest audit firms. These guidelines seek to systematise the decision-making process at the meeting of the Board and Board Committees in an informed and efficient manner. New Technologies. management policies and their effectiveness. audit the accounts of the Company. The Company has an independent Board Committee for matters related to corporate governance and stakeholders’ interface and nomination of Board members. Rajendra & Co. a detailed analysis and review of annual strategic and operating plans and capital allocation and budgets. treatment of hazardous waste. industrial and labour laws. safety and environment regulations. Frequent and detailed interaction sets the agenda and provides the strategic roadmap for the future growth of the Company. supported by a robust online system that covers all manufacturing units of the Company as well as its subsidiary companies. the three leading audit firms. Corporate Social Responsibility (CSR): Social welfare and community development is at the core of the Reliance’s CSR philosophy and this continues to be a top priority. statutory and regulatory compliances. The Company undergoes internal audit conducted by independent auditors. improving village infrastructure. tree plantation. M/s. At the heart of our processes is the wide use of technology that ensures robustness and integrity of financial reporting. Some of the best global governance norms put into practice include the following: The Company has a designated Lead Independent Director with a defined role. New Partnerships. Additionally. relief and assistance in the event of a natural disaster and contributions to other social development organisations. education. Chartered Accountants. taxation laws and health.. regulations and company policies. Reporting on triple bottom-line performance: The Company commenced annual reporting on its triplebottom-line performance from the Financial Year 2004-05. The Board critically evaluates strategic direction of the Company. one of India’s leading audit firms and a member of the Nexia’s global network of independent accounting and consulting firms and M/s.

2010 . Maintenance of Registers and Records. Ashok Misra Prof. Bhakta Yogendra P.ril. out of which 7 are independent Directors. May 16. Raghunath A. details of which are available on the Company’s website www. the Company substantially adheres to the standards voluntarily. Forfeiture of Shares and Board’s Report. The Company ensures that queries. Prasad Pawan Kumar Kapil1 Ramniklal H. Dharam Vir Kapur Mahesh P. Transmission of Shares and Debentures.S. Dipak C.e. Trivedi Dr. the Company refers to the American Petroleum Institute / the International Petroleum Industry Environmental Conservation Association guidelines and the United Nations Global Compact principles. The maiden report received ‘in-accordance’ status from GRI and all subsequent reports are ‘G3 Checked A+’ application level reports. complaints and suggestions are responded in a timely and consistent manner. Role of the Company Secretary in overall governance process: The Company Secretary plays a key role in ensuring that the Board procedures are followed and regularly reviewed. details and documents are made available to the Directors and senior management for effective decision-making at the meetings. Passing of Resolutions by Circulation. Modi Prof. the Company’s Employees’ Stock Option Programme was introduced in 2007. Reliance’s corporate website: www. Ambani Chairman and Managing Director Nikhil R. Jain Dr. The Company has also aligned its sustainability activities with the focus areas of the World Business Council for Sustainable Development.com has information for institutional and retail shareholders alike.com. The composition of the Board and category of Directors is as follows: Category Promoter Director Name of Directors Mukesh D. Shareholders seeking information may contact the Company directly or via dedicated shareholder contact points as provided with this report or through any of Investor service centres of the Company’s Registrars and Transfer Agents spread over 80 cities across India. Payment of Dividend. The programme has ensured complete alignment of individual interests with the growth imperatives of the Company. in addition to referring GRI G3 sustainability reporting guidelines. Meswani Hital R. From Financial Year 2006-07. Affixing of Common Seal.ril.f. Meswani P. Employees Stock Option Scheme: One of the widest programmes of its kind in the Indian corporate sector. has issued Secretarial Standards on important aspects like Board meetings. The Company Secretary is primarily responsible to ensure compliance with applicable statutory requirements and is the interface between the management and regulatory authorities for governance matters.Reliance Industries Limited 49 Global Reporting Initiative (GRI) checked. Minutes of Meetings. 2010 upto May 16. Although these standards are recommendatory in nature.M. General meetings. A shareholder referencer is provided with this report which is quite comprehensive and informative. 2. All the Directors of the Company have access to the advice and services of the Company Secretary. Mashelkar Executive Directors Non-Executive NonIndependent Directors Independent Directors 1 2 w. Observance of the Secretarial Standards issued by the Institute of Company Secretaries of India: The Institute of Company Secretaries of India (ICSI). Ambani Hardev Singh Kohli2 Mansingh L. Shareholders communications: The Board recognises the importance of two-way communication with shareholders and giving a balanced report of results and progress and responds to questions and issues raised in a timely and consistent manner. Board composition and particulars of Directors Board composition The Company’s policy is to maintain optimum combination of Executive and Non-Executive Directors. The Board consists of 13 Directors. one of the premier professional bodies in India. The Company Secretary ensures that all relevant information.

USA. Directors’ Profile A brief resume of all the Directors.50 New Businesses. Meswani.a low carbon. Bhakta as the Lead Independent Director. the Management and the Independent Directors. the University of Bombay). Recently. All the independent Directors of the Company furnish a declaration at the time of their appointment as also annually that they qualify the conditions of their being independent. All such declarations are placed before the Board. Mumbai (earlier the University Department of Chemical Technology. New Technologies. What constitutes independence of Directors For a Director to be considered independent. memberships/ chairmanships of Board Committees and their shareholding in the Company are provided below: Shri Mukesh D. Under his leadership.24 million barrels of oil per day at any single location in the world which has transformed “Jamnagar” as the ‘Refining Hub of the World’. Further. No Director is related to any other Director on the Board in terms of the definition of ‘relative’ given under the Companies Act. nature of their expertise in specific functional areas and names of companies in which they hold directorships. who are related to each other as brothers. He led the creation of the world’s largest grassroots petroleum refinery at Jamnagar. To preside over meetings of the Board and Shareholders when the Chairman and Managing Director is not present or where he is an interested party. he steered the setting up of another 27 million tonnes refinery next to the existing one in Jamnagar with an aggregate refining capacity of 1. The role of Lead Independent Director is as follows: To preside over all meetings of Independent Directors. Meswani and Shri Hital R. He is also steering Reliance’s development of infrastructure facilities and implementation of a pan-India organised retail network spanning multiple formats and supply chain infrastructure. in 2010. The Board has adopted guidelines which are in line with the applicable legal requirements. the Board determines that the Director does not have any direct or indirect material pecuniary relationship with the Company. RIL is set to transform India’s energy landscape from the oil & gas flowing from Dhirubhai 1 & 3 Natural gas . To perform such other duties as may be delegated to the Lead Independent Director by the Board/ Independent Directors. He created several new world-class manufacturing facilities involving diverse technologies that have raised Reliance’s petrochemicals manufacturing capacities from less than a million tonnes to about twenty million tonnes per year. Lead Independent Director The Board of Directors of the Company has designated Shri Mansingh L. His achievements have been acknowledged at national and international levels. petroleum refining and going up-stream into oil and gas exploration and production. To ensure that there is adequate and timely flow of information to Independent Directors. 1956. Awarded the Indian Merchant’s Chamber (IMC) ‘Juran Quality Medal for 2009’. some of the awards and recognition bestowed on him are: Awarded the Dean’s Medal by the University of Pennsylvania’s School of Engineering and Applied Science in 2010 for his leadership in the application of Engineering and Technology. He joined Reliance in 1981 and initiated Reliance’s backward integration journey from textiles into polyester fibres and further into petrochemicals. New Partnerships. low polluting green fuel that will create value and be beneficial to a large section of India’s society. To advise on the necessity of retention or otherwise of consultants who report directly to the Board or the Independent Directors. power generation. . To liaise between the Chairman and Managing Director. with a current capacity of 33 million tonnes per year integrated with petrochemicals. port and related infrastructure. Ambani is a Chemical Engineer from the Institute of Chemical Technology. He has pursued MBA from Stanford University. except Shri Nikhil R.

the International Advisory Board of the National Board of Kuwait. Board of Governors of the Indian Institute of Management. he is the Chairman of the Finance Committee and a Member of the Employees Stock Compensation Committee. McKinsey Advisory Council and the Asia Business Council and Advisory Board of D.15. Bangalore. Meswani is a Chemical Engineer.78. He is the son of Shri Rasiklal Meswani. He joined Reliance Industries Limited in 1990. Gandhinagar. Ranked the 5th best performing CEO in the world by the Harvard Business Review in its ranking of the top 50 global CEOs. a Director of Reliance Infotel Broadband Services Limited. 2011. He is a Member of Millennium Development Goals (MDG) Advocacy Group constituted by United Nations (UN). a Member of The Foundation Board of World Economic Forum and Vice Chairman of World Business Council for Sustainable Development (WBCSD). Mumbai. He is the Chairman of the Audit Committee of Reliance Commercial Dealers Limited. He is the Chairman. At RIL. He was honoured by the Institute of Economic Studies. He is Promoter of the Company and holds 36. Government of India and the Board of Governors of The National Council of Applied Economic Research (NCAER). he continues to shoulder several other corporate responsibilities. Shri Hital R. Member of the Business Council. He was the President of Association of Synthetic Fibre Industry and was also the youngest Chairman of Asian Chemical Fibre Industries Federation. He is a member of the Finance Committee and the Shareholders’/Investors’ Grievance Committee of the Company. 1988 he is a Whole-time Director designated as Executive Director on the Board of the Company. He is also a member of the Young Presidents’ Organisation. Ministry of Textiles. Chairman of Pandit Deendayal Petroleum University. He was named Young Global Leader by the World Economic Forum in 2005 and continues to actively participate in the activities of the Forum.E. the Textile Association (India). New Delhi. Shaw India Advisory Services Private Limited. Shri Nikhil R. He is the Chairman of Reliance Retail Limited. 2011.A.846 shares of the Company in his name as on March 31. the International Advisory Board of Citigroup. He also takes keen interest in IPL cricket franchise “Mumbai Indians”. Reliance Foundation. He is a Director of Reliance Commercial Dealers Limited. He received a Bachelor of Science Degree in Chemical Engineering from the School of Engineering and Applied Sciences and Bachelor of Science Degree in Economics from the Wharton Business School. He is the first non-American to occupy such a position. In addition. Honoured at the Awards Dinner by Asia Society in 2010. He is primarily responsible for Petrochemicals Division and has contributed largely to Reliance to become a global leader in Petrochemicals. Meswani graduated with honours in the Management & Technology programme from the University of Pennsylvania. Further.Reliance Industries Limited 51 Awarded The Dwight D. a Member of the Governing Board of Public Health Foundation of India (PHFI). Ministry of Commerce & Industry. He is a member of the Prime Minister’s Council on Trade and Industry.A. the Advisory Council for the Graduate School of Business. Stanford University. He joined Reliance at an early age in 1986 and since July 01. U. He has been appointed as a Director by the Board of Directors of the Bank of America Corporation on its Board. He is on the Board of the Company as Whole-time Director designated . He holds 2. the International Advisory Board of Brookings.374 shares of the Company in his name as on March 31. He is also Co-Chair of India-Russia CEO Council and Co-Chair of Japan-India Business Leader’s Forum. both from the University of Pennsylvania.S. he is a member of the Indo-US CEOs Forum. He is also a distinguished Alumni of the University Institute of Chemical Technology (UICT). IMG Reliance Private Limited and Reliance Europe Limited. U. Eisenhower Global Leadership Award by The Business Council for International Understanding (BCIU) in 2010. one of the Founder Directors of the Company.S.

Then he moved to Mathura Refinery as the head of Refinery Operations. Shri P. crude sourcing. 1995. In the initial years he worked in various capacities in Operations. He holds a Bachelor’s degree in Chemical Engineering and has a rich experience of more than four decades in the Petroleum Refining Industry. He is a member of the Finance Committee. Being a person with a strong penchant for analytical work and high technology skills. petrochemicals and petroleum business of the Company. From Mathura he was picked up to become the Director (Technical) of Oil Coordination Committee (OCC) . 2010. He also led the commissioning of the manufacturing operations in the Special Economic Zone (SEZ) at Jamnagar by Reliance. He is a Director of Reliance Commercial Dealers Limited and several private limited companies. he spearheads the Upstream and Refining business. technology selection. He was associated with this project since conception right through Design.666 shares of the Company in his name as on March 31.the ‘Think Tank’ of the Ministry of Petroleum. Currently. India. He is the Chairman of the Audit Committee of Reliance Industrial Investments and Holdings Limited and is a member of the Audit Committee of Reliance Commercial Dealers Limited. 2011. Russia. He holds 2. ‘debottlenecking studies’ and ‘long range planning’. He was awarded an honorary doctorate degree by the University of Petroleum Engineering Studies. Europe and the Far East in connection with refinery design. with overall responsibility of the Petroleum Business and all manufacturing and project activities of the group. he was chosen to head the Central Technical Services Department at the Corporate Office of Indian Oil Corporation. He joined Reliance in 1996 and led the commissioning and start-up of the Jamnagar complex. Dehradun in recognition of his outstanding contribution to the Petroleum sector. Safety and Environment Committee of the Company. 2011.52 New Businesses. Prasad has been appointed as a Whole-time Director designated as Executive Director of the Company with effect from August 21. ‘energy optimisation’. He has been with the Company for about 30 years. Technical Services and start-up/ commissioning of various Refinery Process Units/ facilities in Barauni and Gujarat Refineries.11. etc. He has been instrumental in the execution of several mega projects of the group including the Hazira Petrochemicals complex and the world’s largest refinery complex at Jamnagar. He holds Bachelor’s degrees in Science and Engineering. Shri Pawan Kumar Kapil has been appointed as a Wholetime Director designated as Executive Director of the Company with effect from May 16. as Executive Director since August 4. He started his career in 1966 with the Indian Oil Corporation. He holds 36. He was also the Project Director of the Jamnagar refinery and petrochemicals complex. New Partnerships. He has traveled extensively and has been to USA. New Technologies. 2009. in a span of 10 years since inception in the Exploration and Production business. He is member of the Audit Committee of Reliance Commercial Dealers Limited. Over the years. Here he did extensive work in ‘expansion of the existing refineries’. He is a Director of Reliance Industrial Investments and Holdings Limited and Reliance Commercial Dealers Limited. Construction and Commissioning.886 shares of the Company in his name as on March 31. He also serves on the Board of Overseers at the University of Pennsylvania. made the largest gas discovery in 2002 and has since commissioned India’s first and one of the world’s largest deepwater gas production facilities. Reliance. the Shareholders’/Investors’ Grievance Committee and Health. Under his leadership. he has held various positions in the fibres. He is on the Board of Governors of the University of Petroleum & Energy Studies. which comprises of Exploration & Production and Refinery supply & trading.S. Engineering. the Middle East.M. Having served for 28 years in Indian Oil Corporation and OCC in various . the Government of India. He has been conferred the Energy Executive of the Year 2008 award by Petroleum Economist in recognition of his leadership in diversifying RIL from a refining and petrochemicals group into a successful vertically diversified Exploration & Production business.

the Compensation and Remuneration Committee and the Banking Matters Committee of Ambuja Cements Limited and a member of the Audit Committees of Micro Inks Limited. the Indian Merchant’s Chamber. 2011. Ambani. He is the Chairman of the Shareholders’/ Investors’ Grievance Committee and the Remuneration Committee of the Company. In its normal annual survey conducted by Asia Law Journal. a leading firm of Advocates and Solicitors in Mumbai.. He is a member of the Rajya Sabha. JCB India Limited. political. He holds 3. medical. He holds 16. He holds 1.Reliance Industries Limited 53 capacities. He is the Chief Mentor in Tower Overseas Limited. in 2005. Ambuja Cements Limited and JCB India Limited. set up and operated the textiles plant at Naroda. 2011. Ahmedabad and was responsible in establishing the Reliance Brand “VIMAL” in the textiles market in the country. Both Refineries have bagged many national and international awards for Excellence in Safety performance. He was on the Managing Committee of ASSOCHAM and the International Chamber of Commerce. Mumbai. amongst many other reputed companies. Shri Ramniklal H. Shri Yogendra P. Dehradun. the Founder Chairman of the Company and has been instrumental in chartering the growth of the Company during its initial years of textile operations from its factory at Naroda. professional. Trivedi is practicing as Senior Advocate. in Ahmedabad He along with Late Shri Dhirubhai H. He is the Chairman of the Audit Committee of the Gujarat Industrial Investments Corporation Limited and member of the Remuneration Committee of Sintex Industries Limited. He is the Lead Independent Director of the Company.000 shares of the Company in his name as on March 31. including the ‘Golden Peacock Global Award for Sustainability for the year 2010’. banking and taxation. USA. commercial. he has been nominated as one of ‘the Leading Lawyers of Asia 2010’. He is the Chairman of the Shareholders’/Investors’ Grievance Committee. This is the fifth consecutive year in which he has been so nominated. he rose to the position of Executive Director and spearheaded the setting up of Panipat Refinery for the Indian Oil Corporation. In recognition of his excellent achievements. He has received various awards and merits for his contribution in various fields. .632 shares of the Company in his name as on March 31. Ambani is one of the senior most Directors of the Company. Ambani. He has been in practice for over 53 years and has vast experience in legal field and particularly on matters relating to corporate laws. Bhakta is Senior Partner of Messers Kanga & Company.776 shares of the Company in his name as on March 31. He was the Chairman of the Taxation Law Standing Committee of LAWASIA. sports and social. He has also been associated with a large number of Euro issues made by Indian companies. Hong Kong.72. Sintex Industries Limited and several private limited companies. He is a legal advisor to leading foreign and Indian companies and banks. education. He is Director of the Gujarat Industrial Investments Corporation Limited.00. Shri Mansingh L. He is the past President of the Indian Merchants’ Chamber and presently is member of the Managing Committee. a leading International law journal. which has its headquarters in Australia. He holds important positions in various fields viz. economic. Safety and Environment Committee of the Company. Supreme Court. He was a Director in the Central Bank of India and Dena Bank. He is the elder brother of Shri Dhirubhai H. He is a member of Health. 2011. Under his able leadership. the Jamnagar Refinery became the first Asian Refinery to be declared the ‘Best Refinery in the world’. an Association of Lawyers of Asia and Pacific. the CHEMTECH Foundation had conferred on him the “Outstanding Achievement Award for Oil Refining” in 2008. Micro Inks Limited. He is also a Member of the Research Council of the Indian Institute of Petroleum. at the ‘World Refining & Fuel Conference’ at San Fransisco. Abhijeet Power Limited and Lodha Developers Limited. He is Recipient of Rotary Centennial Service Award for Professional Excellence from Rotary International. He has been the Site President of the Jamnagar complex since 2001. Energy conservation & Environment management. He is a Director of Ambuja Cements Limited.

4th ENERTIA Awards also conferred “Life Time Achievement Award” on Dr. Balasore. Sai Service Station Limited and Seksaraia Biswan Sugar Factory Limited.I. Corporate Governance Committee of DLF Limited and Compliance Committee of DLF Limited. He is a Director of Colosseum Sports & Recreation International. He is Chairman of Sai Service Station Limited and Trivedi Consultants Private Limited. New Consolidated Construction Company Limited. Seksaria Biswan Sugar Factory Limited. He served Bharat Heavy Electricals Limited (BHEL) in various positions with distinction. He is a member of the Corporate Governance and Stakeholders’ Interface Committee. Capital Goods. the Remuneration Committee and the Health. He is a member of the Audit Committee of Zodiac Clothing Company Limited. Birla Power Solutions Limited.984 shares of the Company in his name as on March 31. Zodiac Clothing Company Limited. He is recipient of “India Power. Safety and Environment Committee of the Company.A. Dharam Vir Kapur is an honours Graduate in Electrical Engineering with wide experience in Power.A. conferred on him the degree of D. the Board of Governors. W. the Board of Governors. Chemicals and Petrochemicals Industries. He is also the Chairman of the Audit Committee. He is the President of the Western India Automobile Association.544 shares of the Company in his name as on March 31. ENERTIA Awards 2010 conferred Life Time Achievement Award on Dr. the Corporate Governance and Stakeholders’ Interface Committee and the Employees Stock Compensation Committee of the Company. Heavy Industry and Chemicals & Petrochemicals during 1980-86. Management and Industrial Development. Orient Club. he made significant contributions with introduction of new management practices and liberalisation initiatives including authorship of “Broad banding” and “Minimum economic sizes” in industrial licensing. the Yachting Association of India and the Yacht Club. He is a member of Audit Committees of Zenith Birla (India) Limited and DLF Limited and Remuneration Committee of Honda Seil Power Products Limited. Member. He is also a Director on the Boards of Honda Seil Power Products Limited. Kapur.C. 2011. the Atomic Energy Commission. Member. Life Time Achievement Award” presented by the Council of Power Utilities. In recognition of his services and significant contributions in the field of Technology. He holds 27. Shareholders’/Investors’ Relations Committees of Honda Seil Power Products Limited and DLF Limited. the National Productivity Council. Earlier he was a Director on the Boards of Tata Chemicals Limited. Emami Limited and several private limited companies. Chairman’s Executive Committee of GKN Driveline (India) Limited. He was also associated with a number of national institutions as Member. CLUB. He is also a member of the Shareholders’/Investors’ Grievance Committee and the Remuneration Committee of the Company. Hyderabad. He had an illustrious career in the government sector with a successful track record of building vibrant organisations and successful project implementation. Chairman. As Secretary to the Government of India in the Ministries of Power. Zenith Birla (India) Limited and DLF Limited. Shri Trivedi is the Chairman of the Audit Committee of Birla Power Solutions Limited. New Technologies. Kapur for his contribution to the Power and Energy Sector and for his leadership in the fledgling NTPC for which he was described as a Model Manager by the Board of Executive Directors of World Bank. Odisha. He was the President of the Cricket Club of India and at present. for his contributions to Energy and Industry sectors. He has been conferred Honorary Doctorate (Honoris Causa) by Fakir Mohan University. 2011. He holds 13. the Advisory Committee of the Cabinet for Science and Technology. New Partnerships. Larsen & Toubro Limited and Ashok Leyland Limited. Dr.A. IIT Bombay. IIM Lucknow and Chairman. He is Chairman (Emeritus) of Jacobs H&G (P) Limited and Chairman of GKN Driveline (India) Limited and Drivetech Accessories Limited. He is also member of the All India Association of Industries. .54 New Businesses. Sc. Jawaharlal Nehru Technological University. He is Chairman of Audit Committees of Honda Seil Power Products Limited and GKN Driveline (India) Limited. Most remarkable achievement of his career was establishment of a fast growing systems oriented National Thermal Power Corporation (NTPC) of which he was the founder Chairman-cum-Managing Director. he is member in various working committees of CCI. B. Club. The Supreme Industries Limited.

He has co-authored a book on Polymers.924 shares of the Company in his name as on March 31. Bombay from 2000 to 2008. 2011. Economic Development Institute of the World Bank. He holds 2. the Beatrice Research Professorship in 1987-88. petrochemicals. He was awarded the Distinguished Service Award by IIT Delhi during its Golden Jubilee this year. a leading business school with three campuses Fontainebleau (Paris). He had been Dean of the Kellogg School of Management. He is a Fellow of National Academy of Sciences India (President from 2006 to 2008). Prof. He has also completed the ‘Executive Development Programme’ and ‘Strategies for Improving Directors’ Effectiveness Programme’ at the Kellogg School of Management. ICICI Prudential Life Insurance Co. Northwestern University. M. in Management Science from the University of Texas. His academic honors include the Sidney Levy Award for Excellence in Teaching in 1995. He is the Founder President of the Polymer Processing Academy (launched in 2011) and the former President of the Society of Polymer Science. He is/has been on the Boards or Councils of several national and international institutions. while at the same time maintaining its reputation as a leader in quality engineering education. Prof. Economic Affairs Department.S. Jain is a M. particularly in the fields of energy. Gold Medal for the Best PostGraduate of the Year from Gauhati University in India in 1978.Reliance Industries Limited 55 Shri Mahesh Prasad Modi.Tech.S. Patiala. telecom and insurance. Dipak C. He is on the editorial board of 4 scientific journals. Little Best Paper Award in 1991. the Indian National Academy of Engineering. Kraft Research Professorships in 1989-90 and 1990-91. was awarded 6 patents and has over 150 international publications. He will join as Dean. the Indian Plastics Institute and the Maharashtra Academy of Sciences. held high positions in the Government of India as: Chairman of Telecom Commission & Secretary. Telecommunications Department & Director General.) (London). Jain is a distinguished teacher and scholar. in Marketing and M. Prior to this he was at IIT Delhi from 1977 to 2000.Sc (Econ. the Outstanding Educator Award from the State of Assam in India in 1982. Northwestern University. and India Advisory Board of BHP Billiton. During his tenure the IIT Bombay was transformed into a leading Research & Development institute. He is a Ph. He was on the Board of National Thermal Power Corporation Limited for 6 years. He has published several articles in international journals on marketing and allied subjects. Essar Shipping. He has served as Director on the Board of Directors of many public sector and private sector companies. in Polymer Science & Engineering from the University of Massachusetts. Special Secretary (Insurance). Secretary. and Joint Secretary. Telecommunications. Illinois. He is a member of the Audit Committee.S. 2011. CRL. M. He has considerable management experience. IPCL. USA from July. INSEAD. He was awarded the Doctor of Science by Thapar University. He is a Director on the Board of FACOR Power Limited. the John D. 2001 to March. in Chemical Engineering from the Tufts University and a Ph. the Tufts University and the University of Massachusetts. the Ministry of Petroleum. in Chemical Engineering from IIT Kanpur. Chemicals and Fertilizers.D. 2011. India. Intellectual Ventures. He was the Director at the Indian Institute of Technology.D. where he made significant contributions taking the institute to greater heights. BPCL. BSES. including: GAIL (Founder Director). in Mathematical Statistics from Gauhati University. Prof.. Gold Medal for the Best Graduate of the Year from Darrang College in Assam in India in 1976. from 1974 to 1977. the Youth Merit Award . He has more than 25 years’ experience in management and education. Mangalore Refinery & Petrochemicals. Life Insurance Corporation of India. He holds 2. and at Monsanto Chemical Co. Singapore and Abu Dhabi from May 1. Ashok Misra is a B. He is currently the Chairman-India and Head of Global Alliances. France. Fellow.C. Evanston. He has received several awards including the Distinguished Alumnus Awards from his alma maters – IIT Kanpur. the Employees Stock Compensation Committee and the Corporate Governance and Stakeholders’ Interface Committee of the Company. BRPL. 2011. the Indian Institute of Chemical Engineers. Gold Medal from Jaycees International in 1976. General Insurance Corporation.240 shares of the Company in his name as on March 31. the Ministry of Coal.

He is a Director of John Deere & Company. Thermax Limited. and Fellow of World Academy of Art & Science. management policies and their effectiveness and ensures that the long-term interests of the shareholders are being served. He is a member of the Audit Committee of the Company. KPIT Cummins Infosystems Limited and Piramal Life Sciences Limited. USA (2005). He is only the third Indian Engineer to have been elected as Fellow of Royal Society (FRS). Salford. Institutionalised decision making process The Board of Directors is the apex body constituted by the shareholders for overseeing the overall functioning of the Company. Hindustan Unilever Limited. He has won over 50 awards and medals from several bodies for his outstanding contribution in the field of science and technology. He does not hold any shares of the Company. Formerly. Remuneration Committee and Shareholders’/Investors’ Grievance Committee. He is a member of the Audit committees of Tata Motors Limited and Hindustan Unilever Limited. Foreign Fellow of US National Academy of Engineering (2003). Global Logistic Properties and Northern Trust Bank (companies incorporated outside India). He was also the President of Indian National Science Academy (INSA). which include Universities of London. Sakal Papers Limited. The Board is authorised to constitute additional functional Committees. a network of publicly funded R&D institute from Asia-Pacific. He is a Director of Tata Motors Limited. Mashelkar was the Director General of the Council of Scientific and Industrial Research (CSIR) for over eleven years. from time to time. Scheduling and selection of agenda items for Board meetings (i) Minimum six pre-scheduled Board meetings are held . an eminent scientist.000 scientists. Europe and USA with over 60. Safety and Environment Committee. He is a member of the Employees Stock Compensation Committee of the Company. IKP Knowledge Park and several private limited companies. depending on the business needs. namely Audit Committee. Twenty-nine universities have honoured him with honorary doctorates. He is also a Director of Reliance Gene Medix Plc. (1996). from Rotary International in 1976. Finance Committee. The internal guidelines of the Company for Board/Board Committee meetings facilitate the decision making process at the meetings of the Board/Board Committees in an informed and efficient manner. Mashelkar with Padmashri (1991) and with Padmabhushan (2000). He is the only scientist so far to have won the JRD Tata Corporate Leadership Award (1998) and the Star of Asia Award (2005) at the hands of George Bush Sr. KPIT Cummins Infosystems Limited. Piramal Life Sciences Limited. Dr. (company incorporated outside India). Pretoria. The Chairman and Managing Director is assisted by the Executive Directors/senior managerial personnel in overseeing the functional matters of the Company. He does not hold any shares of the Company. Board Meetings. He was elected Foreign Associate of National Academy of Science. Fellow of Royal Academy of Engineering. is a Ph. London in the twentieth century. the Government of India in 1976. B. He is a Director of Reliance Retail Limited and also a member of the Audit Committee. He is the President of Global Research Alliance.56 New Businesses.D. and the Jawaharlal Nehru Merit Award. Raghunath Anant Mashelkar. which are two of the highest civilian honours in recognition of his contribution to nation building. Health. Board Committee Meetings and Procedures A. The Board has constituted seven standing Committees. Corporate Governance and Stakeholders’ Interface Committee. The President of India honoured Dr. in Chemical Engineering. U. Employees Stock Compensation Committee. 3. He is a member of the Remuneration Committee of Hindustan Unilever Limited. Dr. New Partnerships.K.. Wisconsin and Delhi. The following sub-sections deal with the practice of these guidelines at Reliance. the former president of USA. USA (2000). New Technologies. The Board provides and evaluates the strategic direction of the Company.

major business segments and operations of the Company. if material. bank guarantees issued. Terms of reference of Board Committees. loans and investments made. Internal Audit findings and External Audit Reports (through the Audit Committee). Quarterly results for the Company and its operating divisions or business segments. Minutes of meetings of Audit Committee and other Committees of the Board. of investments. prosecution notices and penalty notices which are materially important. Non-compliance of any regulatory. Sale of material nature. All such matters are communicated to the Company Secretary in advance so that the same could be included in the agenda for the Board/Board Committee meetings. Appointment or resignation of Chief Financial Officer and Company Secretary. Apart from the above. Details of any joint venture. (iii) All divisions/departments of the Company are advised to schedule their work plans well in advance. statutory or listing requirements and shareholders service such as non-payment of dividend. The information required to be placed before the Board includes: General notices of interest of Directors. demand. Dividend declaration. Appointment. Nariman Point. etc. Making of loans and investment of surplus funds. acquisitions of companies or collaboration agreement. business strategy and the risk management practices before taking on record the quarterly/annual financial results of the Company. (iv) The Board is given presentations covering Finance. Significant changes in accounting policies and internal controls. Declaration of independent directors at the time of appointment/annually. Mumbai 400 021. delay in share transfer (if any). 222. Status of business risk exposures. capital budgets and any updates. its management and related action plans. Formation/Reconstitution of Board Committees. remuneration and resignation of Directors. which is not in normal course of business. Quarterly details of foreign exchange exposures and the steps taken by management to limit the risks of adverse exchange rate movement. Statement of significant transactions and arrangements entered by unlisted subsidiary companies. particularly with regard to matters requiring discussion/approval/decision at the Board/Board Committee meetings. Marketing. or substantial non payment for goods sold by the Company. Show cause. Fatal or serious accidents. The minutes of the Board meetings of unlisted subsidiary companies. global business environment. assets. (ii) The meetings are usually held at the Company’s office at Maker Chambers IV. Quarterly summary of all long-term borrowings made. Sales. dangerous occurrences. subsidiaries. any material effluent or pollution problems. Annual operating plans of businesses. Any material default in financial obligations to and by the Company. additional Board meetings are convened by giving appropriate notice to address the specific needs of the Company. resolutions are passed by circulation. In case of business exigencies or urgency of matters.Reliance Industries Limited 57 every year. . all business areas of the Company including business opportunities. Proposals for investment. mergers and acquisitions.

notes on agenda. 2011 . 2011 February 20. Any issue. including any judgment or order. etc. 4. Compliance The Company Secretary. No. Post meeting follow-up mechanism The Guidelines for Board and Board Committee meetings facilitate an effective post meeting follow-up. 8. 5. New Technologies. F. as against the minimum requirement of four meetings. brand equity or intellectual property. finalise the agenda for the Board meetings. Brief on statutory developments. Action taken report on the decisions/minutes of the previous meeting(s) is placed at the immediately succeeding meeting of the Board/Board Committee for noting by the Board/Board Committee. etc. E. Date Board Strength 13 13 13 13 13 13 13 13 No. Recording Minutes of proceedings at Board and Committee meetings The Company Secretary records the minutes of the proceedings of each Board and Committee meeting. minutes. The minutes are entered in the Minutes Book within 30 days from conclusion of the meeting. with impact thereof. 4. 2010 November 29. is responsible for and is required to ensure adherence to all the applicable laws and regulations including the Companies Act. 7. which may have passed strictures on the conduct of the Company or taken an adverse view regarding another enterprise that can have negative implications on the Company. 2010 May 11. New Partnerships. 2010 October 30. 2010 January 21. Where it is not practicable to attach any document to the agenda. D. additional or supplementary item(s) on the agenda are permitted. C. Brief on information disseminated to the press. Any significant development in Human Resources/Industrial Relations front like implementation of Voluntary Retirement Scheme. 3. The details of the Board meetings are as under: Sl. which involves possible public or product liability claims of substantial nature. The important decisions taken at the Board/Board Committee meetings are communicated to the departments/divisions concerned promptly. All material information is incorporated in the agenda for facilitating meaningful and focused discussions at the meeting. 2010 July 27. of the meeting(s). directors’ responsibilities arising out of any such developments. 2. changes in government policies. in the defined agenda format. in advance. while preparing the agenda. review and reporting process for the decisions taken by the Board and Board Committees thereof. Board material distributed in advance The agenda and notes on agenda are circulated to the Directors. Number of Board meetings held and the dates on which held Eight Board meetings were held during the year. In special and exceptional circumstances. of Directors Present 13 12 7 13 13 13 13 7 April 23. Transactions that involve substantial payment towards goodwill. 1. 6.58 New Businesses. The Company has held at least one Board meeting in every three months. Draft minutes are circulated to all the members of the Board/ Board Committee for their comments. etc. Significant labour problems and their proposed solutions. (v) The Chairman of the Board and the Company Secretary in consultation with other concerned members of the senior management. the same is tabled before the meeting with specific reference to this effect in the agenda. 2010 June 07. 1956 read with the Rules issued thereunder and the Secretarial Standards recommended by the Institute of Company Secretaries of India.

the performance of internal auditors and the Company’s risk management policies. Ambani 8 Yes 2 Nil Nikhil R. independence. 2 Video/tele-conferencing facilities are also used to facilitate directors travelling abroad or present at other locations to participate in the meetings. last Annual General Meeting (AGM) and number of other Directorships and Chairmanships / Memberships of Committees of each Director in various companies: Attendance of meetings during 2010-11 Board Last Meetings AGM No of Other Directorship(s)1 No of Membership(s) / Chairmanship(s) of Board Committees in other Companies2 Name of the Director Mukesh D. In accordance with Clause 49.e. 4w. 6. Terms of Reference: The terms of reference / powers of the Audit Committee are as under : A. if it considers necessary. Shri Vinod M. Jain 7 No 1 1 Dr. 4 To secure attendance of outsiders with relevant expertise. Prasad 6 Yes 1 1 Pawan Kumar Kapil4 4 Yes Nil Nil Ramniklal H. The Committee’s purpose is to oversee the accounting and financial reporting process of the Company.M. 2010. Powers of the Audit Committee: 1 To investigate any activity within its terms of reference. Dharam Vir Kapur 7 Yes 5 6 (including 4 as Chairman) Mahesh P. All the members of the Audit Committee possess financial/accounting expertise/ exposure. Standing Committees Details of the Standing Committees of the Board and other related information are provided hereunder: (i) Audit Committee Composition: The Audit Committee of the Board comprises three independent directors namely Shri Yogendra P. Dipak C. Board Committees: the accounting. Modi and Dr. Attendance of Directors at Board meetings.Reliance Industries Limited 59 5. The composition of the Audit Committee meets with the requirements of Section 292A of the Companies Act. May 16. Raghunath A. 1956 and Clause 49. A.f.S. Modi 7 Yes 1 Nil Prof. Trivedi. 2 To seek information from any employee. Ashok Misra 8 Yes Nil Nil Prof. performance and remuneration of the statutory auditors. do not include Alternate Directorships and Directorships in foreign companies. 3 upto May 16. Trivedi 7 Yes 8 4 (including 1 as Chairman) Dr. 3 To obtain outside legal or other professional advice. Ambani 6 Yes 2 1 (As Chairman) Mansingh L. Raghunath A. Chairman. 2010. auditing and reporting practices of the Company and its compliance with the legal and regulatory requirements. Ambani is the Secretary to the Audit Committee. Mashelkar. Objective: The Audit Committee assists the Board in its responsibility for overseeing the quality and integrity of . Bhakta 8 Yes 5 4 (including 1 as Chairman) Yogendra P. the appointment. companies registered under Section 25 of the Companies Act. Meswani 7 Yes 1 1 (as Chairman) Hital R. Shri Mahesh P. Meswani 7 Yes 2 2 (including 1 as Chairman) Hardev Singh Kohli3 2 Nil Nil P. Memberships/Chairmanships of only the Audit Committees and Shareholders’/Investors’ Grievance Committees in all public limited companies (excluding Reliance Industries Limited) have been considered. the audits of the Company’s financial statements. 1956 and pivate limited companies. Mashelkar 7 No 6 2 1 The Directorships held by Directors as mentioned above.

the performance of Statutory and Internal Auditors. Meetings: Six meetings of the Audit Committee were held during the year ended March 31. if any. if any. New Technologies. submitted by management. 2011. debenture holders. B.60 New Businesses.). Statement of significant related party transactions (as defined by the Audit Committee). as against the minimum requirement of four meetings. Management letters/letters of internal control weaknesses issued by the Statutory Auditors. Reviewing the findings of any internal investigations by the Internal Auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board. about the nature and scope of audit as well as post audit discussion to ascertain any area of concern. staffing and seniority of the official heading the department. 1956. sufficient and credible. Significant adjustments made in the financial statements arising out of audit findings. 16 Review of uses/application of funds raised through an issue (public issue. including the structure of the internal audit department. the appointment. Reviewing with the management. Compliance with listing and other legal requirements relating to financial statements. the replacement or removal of Statutory Auditors and fixation of audit fees. in accounting policies and practices and reasons for the same. Recommending to the Board. and The appointment. any significant findings and follow up thereon. coverage and frequency of internal audit. with particular reference to: Matters required to be included in the Directors’ Responsibility Statement to be included in the Directors’ Report in terms of sub-section (2AA) of Section 217 of the Companies Act. Reviewing the adequacy of internal audit function. New Partnerships. 12 To review the functioning of the Whistle Blower Mechanism. rights issue. Major accounting entries involving estimates based on the exercise of judgment by the management. 5 Reviewing with the management. 13 Carrying out such other functions as may be specifically referred to the Committee by the Board of Directors and/or other Committees of Directors of the Company. Disclosure of related party transactions. adequacy of internal control systems. Approval of payment to Statutory Auditors for any other services rendered by the Statutory Auditors. 6 7 . reporting structure. Internal audit reports relating to internal control weaknesses. removal and terms of remuneration of Internal Auditors. Qualifications in draft audit report. if any. The role of the Audit Committee includes: 1 Oversight of the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial statements are correct. reappointment and. 2 3 4 10 Discussion with Statutory Auditors before the audit commences. 15 Reviewing the financial statements and in particular the investments made by the unlisted subsidiaries of the Company. 11 To look into the reasons for substantial defaults. if required. preferential issue. in the payment to the depositors. Reviewing with the management. 14 To review the following information: The management discussion and analysis of financial condition and results of operations. the annual financial statements before submission to the Board for approval. the quarterly financial statements before submission to the Board for approval. shareholders (in case of non payment of declared dividends) and creditors. 8 9 Discussion with Internal Auditors. Changes. etc.

Interaction with the existing and prospective FIIs and rating agencies. Terms of Reference: The Committee was formed inter alia to formulate detailed terms and conditions of the Employees Stock Option Scheme including: 1 The quantum of options to be granted under Employees Stock Option Scheme per employee and in aggregate. of meetings held 1 1 1 No. Dharam Vir Kapur Mahesh P. of meetings attended 1 1 1 Executives of Accounts Department. 2011. where cost audit reports are discussed. (ii) Corporate Governance and Stakeholders’ Interface (CGSI) Committee Composition: The Corporate Governance and Stakeholders’ Interface Committee of the Board comprises three Independent Directors. Provision of correct inputs to the media so as to preserve and protect the Company’s image and standing. Prof. 7 Selection of Independent Directors: Considering the requirement of the skill-sets on the Board. Finance Department. Terms of Reference: The terms of reference of the Corporate Governance and Stakeholders’ Interface Committee. The number of directorships and memberships held in various committees of other companies by such persons is also considered. 1956 attend the Audit Committee Meeting. Dipak C. Dissemination of factually correct information to the investors. institutions and public at large. include the following: 1 Observance of practices of Corporate Governance at all levels and to suggest remedial measures wherever necessary. for appointment inter alia of independent directors on the Board.Reliance Industries Limited 61 Attendance of each Member at the Audit Committee meetings held during the year Name of the Committee Member Yogendra P. which also acts as Nomination Committee. of meetings held 6 6 6 No. Trivedi. Mashelkar No. Chairman. Shri Mahesh P. Establishing oversight on important corporate communication on behalf of the Company with the assistance of consultants/advisors. Trivedi. Modi. The Board considers the recommendations of the Committee and takes appropriate decision. namely. Dr. etc. Chairman Mahesh P. Trivedi. Secretarial Department and Management Audit Cell and Representatives of the Statutory and Internal Auditors attend the Audit Committee Meetings. eminent persons having an independent standing in their respective field/profession and who can effectively contribute to the Company’s business and policy decisions are considered by the Corporate Governance and Stakeholders’ Interface Committee. Ambani. Chairman Dr. Attendance of each Member at the CGSI Committee meeting held during the year Name of the Committee Member Yogendra P. if necessary. (iii) Employees Stock Compensation Committee Composition: The Employees Stock Compensation Committee of the Board comprises four Directors. Shri Yogendra P. Dharam Vir Kapur and Shri Mahesh P. Recommendation for nomination of Directors on the Board. The Chairman of the Audit Committee was present at the last Annual General Meeting. Meetings: One meeting of the Corporate Governance and Stakeholders’ Interface Committee was held during the year ended March 31. Chairman. Modi. inter alia. Jain and Shri Mukesh D. of meetings attended 6 6 5 6 Ensuring institution of standardised channels of internal communications across the Company to facilitate a high level of disciplined participation. namely. Shri Yogendra P. 2 3 4 5 . The Cost Auditors appointed by the Company under Section 233B of the Companies Act. Modi No. Raghunath A. Modi Dr. Trivedi.

risk assessment and minimisation procedures. Carry out any other function as is mandated by the Board from time to time and/or enforced by any statutory notification. Exercise all powers to borrow moneys (otherwise than by issue of debentures) within the limits approved by the Board and taking necessary actions connected therewith including refinancing for optimisation of borrowing costs. and The procedure for cashless exercise of options. Shri Nikhil R. The procedure for making a fair and reasonable adjustment to the number of options and to the exercise price in case of corporate actions such as rights issues.62 New Businesses. Meetings: Eight meetings of the Finance Committee were held during the year ended March 31. if any. 2011. merger. Dipak C. general corporate purposes including working capital requirements and possible strategic investments within the limits approved by the Board. Meswani. establishment of representative/sales offices in or outside India etc. . 11 Regularly review and make recommendations about changes to the charter of the Committee. 6 4 2 3 3 and capital structure. Borrow monies by way of loan and/or issuing and allotting bonds/notes denominated in one or more foreign currencies in international markets. Provide corporate guarantee/performance guarantee by the Company within the limits approved by the Board. capital expenditure. Review banking arrangements and cash management. The grant. Jain 1 Mukesh D. Giving of guarantees/issuing letters of comfort/ providing securities within the limits approved by the Board. Approve opening and operation of Investment Management Accounts with foreign banks and appoint them as agents. The right of an employee to exercise all the options vested in him at one time or at various points of time within the exercise period. Shri Mukesh D. vest and exercise of option in case of employees who are on long leave. Other transactions or financial issues that the Board may desire to have them reviewed by the Finance Committee. namely. New Technologies. Chairman. Attendance of each Member at the Employees Stock Compensation Committee meeting held during the year No. Terms of Reference: 1 Review the Company’s financial policies. bonus issues. 2 The conditions under which option vested in employees may lapse in case of termination of employment for misconduct. of meetings held Yogendra P. Meswani and Shri Hital R. working capital and cash flow management and make such reports and recommendations to the Board with respect thereto as it may deem advisable. amendment or modification as may be applicable. 2011. The specified time period within which the employee shall exercise the vested options in the event of termination or resignation of an employee. 4 5 6 5 7 8 Meetings: One meeting of the Employees Stock Compensation Committee was held during the year ended March 31. for the purpose of refinancing the existing debt. of meetings attended 1 1 1 7 8 9 10 Delegate authorities from time to time to the executives/authorised persons to implement the decisions of the Committee. Chairman 1 Mahesh P. New Partnerships. strategies Name of the Committee Member No. The exercise period within which the employee should exercise the option and that the option would lapse on failure to exercise the option within the exercise period. Ambani 1 (iv) Finance Committee Composition: The Finance Committee of the Board comprises three Directors. Trivedi. Modi 1 Prof. sale of division and others. Ambani.

details of remuneration and other terms of appointment of Directors: The remuneration policy of the Company is directed towards rewarding performance. Bhakta.16 1. 2011. namely. 2010). 2010 (vi) Remuneration Committee Composition: The Remuneration Committee of the Board comprises three Independent Directors. inter alia.04 1.45 1.32 Total Stock Options granted Nil Nil Nil Nil Nil Mukesh D. health and safety norms and compliance with applicable pollution and environmental laws at all works / factories / locations of the Company and to recommend measures. namely. Safety and Environment Committee of the Board comprises three Directors.86 0.60 1. Shri Hital R. Remuneration policy. Dharam Vir Kapur 1 2 (v) Health.04 0.24 0. Chairman.00 0. to monitor and ensure maintaining the highest standards of environmental.03 2.12 Commission payable 9.32 8. of meetings held 4 1 3 4 No. Shri Yogendra P.16 0. Chairman and Dr.S. Safety and Environment (HS&E) Committee Composition: The Health. Safety and Environment Committee has been constituted. Safety and Environment Policy of the Company. Meswani Hital R.Reliance Industries Limited 63 Attendance of each Member at the Finance Committee meetings held during the year No. Terms of Reference: The Health.05 11.24 8.35 0. performance on health. Meswani Hardev Singh Kohli1 Pawan Kumar Kapil2 Dr. No. May 16.e. inter alia. based on their performance and defined assessment criteria. if any.37 1. of meetings attended 8 8 8 Attendance of each Member at the HS&E Committee meetings held during the year Name of the Committee Member Hital R. The Committee reviews. May 16. Dharam Vir Kapur.45 1. Ambani Nikhil R. Meswani 8 Name of the Committee Member No. The remuneration policy is in consonance with the existing industry practice.f. of meetings attended 4 1 3 4 upto May 16. Meswani 8 Hital R. Meetings: Four meetings of the Health. based on review of achievements on a periodic basis.M. of meetings held Mukesh D.f. Meswani P. Shri Mansingh L.22 0. safety and environment matters and the procedures and controls being followed at various manufacturing facilities of the Company and compliance with the relevant statutory provisions. Meswani.66 Retiral benefits 1. Terms of Reference: The Remuneration Committee has been constituted to recommend/review remuneration of the Managing Director and Whole-time Directors. for improvement in this regard. Safety and Environment Committee were held during the year ended March 31. 2010 w. Prasad Pawan Kumar Kapil 4.e. Remuneration paid to the Chairman and Managing Director and the Whole-time Directors. in crore Name of the Director Salary Perquisites and allowances 0.00 11. Trivedi and Dr. the Health.22 . Ambani. Dharam Vir Kapur and Shri Pawan Kumar Kapil (w. including Stock Options granted during 2010-11: Rs.44 15. Meetings: Two meetings of the Remuneration committee were held during the year in which all the members were present. Chairman 8 Nikhil R.

40 188. Trivedi. Sitting Fee 1. is a partner. The Company has not granted any stock option to any of its NonExecutive Directors. from their respective dates of appointments and can be terminated by either party by giving three months’ notice in writing. Meswani and Shri Hital R. Meetings: Four meetings of the Shareholders’/Investors’ Grievance Committee (SIGC) were held during the year ended March 31. 38. approves issue of duplicate certificates and oversees and reviews all matters connected with transfer of securities of the Company.80* 2. Dharam Vir Kapur Mahesh P. The Board has delegated the power of approving transfer of securities to the Managing Director and/or the Company Secretary.40.00 21.00 168. in lakhs Name of the Non-Executive Director Ramniklal H. There were no other pecuniary relationships or transactions of the Non-Executive Directors vis-à-vis the Company.00 21.00 21. Jain Dr. Dipak C.75 crore that he is elgible as per the shareholders’ approval. Raghunath A. New Partnerships.00 21. Trivedi Dr. There is no separate provision for payment of severance fees.64 New Businesses.000/. The Committee also monitors implementation and compliance with the Company’s Code of Conduct for Prohibition of Insider Trading in pursuance of SEBI (Prohibition of Insider Trading) Regulations. Chairman. whose tenure is for a period of 3 years. the Company has paid Rs.64 crore as professional fees to M/s. comprises four Directors. New Technologies. Shri Yogendra P. non-receipt of declared dividend. nonreceipt of Balance Sheet. 2011.80 23. inter alia.60 22.on an annual basis and the total commission payable to such Directors shall not exceed 1% of the net profits of the Company.60* 2. Sitting fee and commission to the Non-Executive Directors.20 23.000/.00 21.00. Terms of Reference: The Shareholders’/Investors’ Grievance Committee.60 . 1992. The Committee also looks into redressal of shareholders’/ investors’ complaints related to transfer of shares. for 2010-11 are as detailed below: Rs. The tenure of office of the aforesaid Managing Director and Whole-time Directors is for a period of 5 years.40 22. Bhakta. 15 crore as against Rs. namely. Bhakta Yogendra P.20 2. (vii) Shareholders’ / Investors’ Grievance Committee Composition: The Shareholders’/Investors’ Grievance Committee of the Board. 20.40 20. 21. Bhakta. 0. Mashelkar Total *includes Rs.80 3.00 21.60 Commission 21. Shri Nikhil R.80 25.60 1.00 Total 22.for attending each meeting of the Board and/ or Committee thereof. Each of the Non-Executive Directors is also paid commission amounting to Rs. Modi Prof.000 pertaining to previous financial years.00 21.40* 1. Ashok Misra Prof.. Kanga & Co. The Non-Executive Directors are paid sitting fee at the rate of Rs. During the year. Meswani. except Shri Pawan Kumar Kapil.80 24. etc. Ambani Mansingh L. Shri Mansingh L. a firm in which Shri Mansingh L.60 23. The Chairman and Managing Director’s compensation has been set at Rs.80 4. reflecting his desire to continue to set a personal example for moderation in managerial compensation levels. The Committee oversees performance of the Registrars and Transfer Agents of the Company and recommends measures for overall improvement in the quality of investor services. Director of the Company.

Ambani Chairman and Managing Director Compliance Officer Shri Vinod M. 2011. Procedure at Committee Meetings The Company’s guidelines relating to Board meetings are applicable to Committee meetings as far as may be practicable. legal and regulatory developments. the standards of business conduct. Mukesh D. Given below is a chart showing reduction in investor’s complaints.ril. Investor Grievance Redressal The number of complaints received and resolved to the satisfaction of investors during the year under review and their break-up are as under: Type of Complaints Non-Receipt of Annual Reports Non-Receipt of Dividend Warrants Non-Receipt of Interest/Redemption Warrants Non-Receipt of Certificates Total Number of Complaints 153 3722 329 367 4571 There were no outstanding complaints as on March 31. as appropriate. of meetings attended 4 4 4 2 B. Meswani 4 Name of the Committee Member No. is a comprehensive Code applicable to all Directors and management personnel. Functional Committees: The Board is authorised to constitute one or more Functional Committees delegating thereto powers and duties with respect to specific purposes. Meswani 4 Hital R. Code of Business Conduct & Ethics for Directors’/ Management Personnel The Code of Business Conduct & Ethics for Directors’/ Management Personnel (‘the Code’).” A copy of the Code has been put on the Company’s website www. 7. Bhakta. Minutes of the proceedings of the Committee meetings are placed before the Board meetings for perusal and noting. affirmation that they have complied with the Code of Business Conduct & Ethics for Directors’/Management Personnel in respect of the financial year 2010-11. Ambani. as recommended by the Corporate Governance and Stakeholders’ Interface Committee and adopted by the Board. advisors and counsels to the extent it considers appropriate to assist in its work. effectiveness and responsiveness to the needs of local and international investors and all other stakeholders as also to reflect corporate. The Code while laying down. The Code has been circulated to all the members of the Board and management personnel and the compliance of the same is affirmed by them annually.Reliance Industries Limited 65 Attendance of each Member at the SIGC meetings held during the year No. ethics and governance. Company Secretary. Time schedule for holding the meetings of such Functional Committees are finalised in consultation with the Committee Members. Number of Complaints Received . 2011. in detail. A declaration signed by the Chairman and Managing Director of the Company is given below: I hereby confirm that the Company has obtained from all the members of the Board and management personnel. Each Committee has the authority to engage outside experts. which were approved and dealt with by April 1. to ensure their continuing relevance. Trivedi 4 Nikhil R. This Code should be adhered to in letter and in spirit. centres around the following theme: “The Company’s Board of Directors and Management Personnel are responsible for and are committed to setting the standards of conduct contained in this Code and for updating these standards. is the Compliance Officer for complying with the requirements of Securities Laws and the Listing Agreements with the Stock Exchanges in India.com. Chairman 4 Yogendra P. 2011. Meetings of such Committees are held as and when the need arises. 180 requests for transfers and 534 requests for dematerialisation were pending for approval as on March 31. of meetings held Mansingh L.

All subsidiary companies of the Company are Board managed with their Boards having the rights and obligations to manage such companies in the best interest of their stakeholders. All related party transactions are negotiated on arms length basis and are intended to further the interests of the Company. Means of Communication (a) Quarterly Results: Quarterly Results of the Company are published in ‘Financial Express’/‘Indian Express’ and ‘Navshakti’ and are displayed on the Company’s website www. The related party transactions are entered into based on considerations of various business exigencies such as synergy in operations. Special Resolutions passed: Nil 2008-09 Date and Time: November 17. inter alia. (c) A statement containing all significant transactions and arrangements entered into by the unlisted subsidiary companies is placed before the Company’s Board.00 a. (b) All minutes of Board meetings of the unlisted subsidiary companies are placed before the Company’s Board regularly. forming part of the Annual Report. 9. strictures imposed on the Company by Stock Exchanges or SEBI. a subsidiary of the Company. New Partnerships.m. There has been no instance of non-compliance by the Company on any matter related to capital markets during the last three years and hence no penalties or strictures have been imposed on the Company by the Stock Exchanges or SEBI or any other statutory authority. in particular the investments made by the unlisted subsidiary companies. Marine Lines. the Directors and the management. their relatives or subsidiaries. Mumbai . by the following means: (a) Financial statements. penalties. SEBI has issued a Show Cause Notice in connection with the sale of shares of erstwhile Reliance Petroleum Limited by the Company.ril.00 a. b. Special Resolutions passed: Nil 2007-08 Date and Time: June 12. Special Resolutions passed: Nil . transactions of the company of material nature. 2008 at 11. 10. that may have potential conflict with the interests of the Company at large None of the transactions with any of the related parties were in conflict with the interest of the Company.66 New Businesses. None of the businesses proposed to be transacted in the ensuing Annual General Meeting require passing a special resolution through Postal Ballot. The Company’s major related party transactions are generally with its Subsidiaries and Associates. The Company has submitted its reply to the same. Dipak C. sectoral specialization and the Company’s long-term strategy for sectoral investments. during the last three years.400 020. New Technologies. 19.00 a. liquidity and capital resources of subsidiaries and associates. Attention of members is drawn to the disclosure of transactions with the related parties set out in Notes on Accounts -Schedule ‘O’. General Body Meetings (A) Annual General Meetings: The Annual General Meetings of the Company during the preceding 3 years were held at Birla Matushri Sabhagar. or any other statutory authority. 8. 2009 at 11. a. with its Promoters. on any matter related to capital markets.m.com. optimization of market share. profitability. Disclosure on materially significant related party transactions i. Subsidiary Monitoring Framework (B) Special Resolution passed through Postal Ballot: No special resolution was passed through Postal Ballot during 2010-11. etc. 11. legal requirements. are reviewed quarterly by the Audit Committee of the Company. The date and time of the Annual General Meetings held during the preceding 3 years and the Special Resolution(s) passed thereat are as follows: 2009-10 Date and Time: June 18. The Company monitors performance of subsidiary companies. Jain. Independent Director of the Company has been appointed as a Director on the Board of Reliance Retail Limited.e. Details of non-compliance by the Company. 2010 at 11. The Company does not have any material unlisted subsidiary and hence is not required to nominate an independent director of the Company on the Board of any subsidiary. Prof.m.

CUSIP 759470107 (b) For queries in respect of shares in physical moderilinvestor@karvy. (e) Chairman’s Communique: Printed copy of the Chairman’s Speech is distributed to all the shareholders at the Annual General Meetings. inter alia. Bandra-Kurla Complex. USA) Trading Symbol RILYP. managed and maintained by BSE and NSE is a single source to view information filed by listed companies. 2011 . are displayed on the Company’s website www. ‘‘Exchange Plaza”.Fourth week of July. Phiroze Jeejeebhoy Towers. All disclosures and communications to BSE & NSE are filed electronically through the CFDS portal and hard copies of the said disclosures and correspondence are also filed with the stock exchanges. etc. Luxembourg.Reliance Industries Limited 67 (b) News Releases. (f) Reminder to Investors: Reminders for unpaid dividend/unpaid interest or redemption amount on debentures are sent to the shareholders/debenture holders as per records every year. 2012 March 31. Directors’ Report. analysts. Annual General Meeting (Day.com (i) Shareholders’ Feedback Survey: The Company had sent feedback forms seeking shareholders’ views on various matters relating to investor services and the Annual Report 2009-10. 11. Mumbai 400 051 Trading Symbol RELIANCE EQ ISIN INE002A01018 GLOBAL DEPOSITORY RECEIPTS (GDRs) Luxembourg Stock Exchange. The Annual Report of the Company is also available on the website in a user-friendly and downloadable form. 2012 Date of Book Closure Monday. . 2011 (both days inclusive) for payment of dividend. Mumbai 400 001 Scrip Code 500325 National Stock Exchange of India Limited (NSE). Mumbai 400020 Financial Calendar (tentative) Financial Year: April 1.Third week of April. 2011 . (d) Annual Report: Annual Report containing. Dividend Payment Credit/dispatch between June 4. Avenue de la Porte-Neuve. Bandra (E). The feedback received from the shareholders was placed before the Shareholders’/ Investors’ Grievance Committee.ril. (h) Designated Exclusive email-id: The Company has designated the following email-ids exclusively for investor servicing.Third week of January. The Management’s Discussion and Analysis (MD&A) Report forms part of the Annual Report and is displayed on the Company’s website www. 2012 . (a) For queries on Annual Investor_relations@ril. (g) Corporate Filing and Dissemination System (CFDS): The CFDS portal jointly owned.: Official news releases. 2011 to Saturday. May 14. 2011 December 31.00 a. 2011 September 30. detailed presentations made to media.m. General Shareholder Information Company Registration Details The Company is registered in the State of Maharashtra.ril.com Report - 12. etc. The same is also placed on the website of the Company. 2012 Results for the quarter ending: June 30. Dalal Street. Audited Annual Accounts. Presentations.June.Third week of October.com contains a separate dedicated section ‘Investor Relations’ where shareholders information is available.ril. L – 2227. The Corporate Identity Number (CIN) allotted to the Company by the Ministry of Corporate Affairs (MCA) is L17110MH1973PLC019786. Consolidated Financial Statements. India. 2011 at 11. Date. 2011 and June 9. institutional investors. 2011 . (c) Website: The Company’s website www. May 9.com. 2011 to March 31.com. 19. Also traded on International Order Book System (London Stock Exchange) and PORTAL System (NASD. June 03. Birla Matushri Sabhagar. Marine Lines. Auditors’ Report and other important information is circulated to members and others entitled thereto. Official Media Releases are sent to the Stock Exchanges. Listing on Stock Exchanges Equity Shares Bombay Stock Exchange Limited (BSE). 2012 Annual General Meeting . 2011. Time and Venue): Friday.

20 903. Mumbai 400 013.00 958.60 1092.95 1094.90 1085.75 902.40 1093. Mumbai 400 025 Stock Market Price Data Month IDBI Trusteeship Services Limited Asian Building. Senapati Bapat Marg.00 1187. Mumbai 400 025 Payment of Listing Fees: Annual listing fee for the year 2011-12 (as applicable) has been paid by the Company to BSE and NSE.00 990. Pandurang Budhkar Marg.00 921.00 1075. Worli. Debt Securities The Wholesale Debt Market (WDM) Segment of BSE & NSE.00 1090.05 976. National Stock Exchange (NSE) (In Rs. 1st Floor. 414.00 958. NY 10286 USA. Kamani Marg.00 1091.10 885.65 1054. per share) Month’s High Price Month’s Low Price 1012. Worli. Axis Bank Tower. New Technologies.10 964.70 1048.00 1124.00 Bombay Stock Exchange (BSE) (In Rs. New York. R.00 964.00 915.50 Month’s Low Price 1012. per share) Month’s High Price 1171. 17.00 1093.55 1004.00 . Bombay Dyeing Mills Compound. Ballard Estate.35 840.10 1007. Ground Floor.E.40 1009.00 976.68 New Businesses.25 915.30 978. Annual maintenance and listing agency fee for the calendar year 2011 has been paid by the Company to the Luxembourg Stock Exchange.00 995. Debenture Trustees Axis Bank Limited Bombay Dyeing Mills Compound.90 977.00 1029. Lower Parel.15 991.70 1093. E7/F7. Pandurang Budhkar Marg.00 885. Axis Trustee Services Limited 2nd Floor .10 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 1149. Overseas Depository The Bank of New York Mellon Corporation 101 Barclay Street.00 1048.40 1055.90 1075. Mumbai 400 023.00 1008. Domestic Custodian ICICI Bank Limited.10 885.50 1110.45 1031.00 1110. New Partnerships. Empire Complex.

18% 10. of the Company’s securities to the Managing Director and/or Company Secretary.73 100. Tel:+91 40-44655070-5099 Toll Free No.com.29% 24. Vittal Rao Nagar.72 0.73 3.com Website: www. subject to the documents being valid and complete in all respects.Reliance Industries Limited 69 Share Price Performance in comparison to broad based indices – BSE Sensex and NSE Nifty as on March 31.00 44. Hyderabad . Share Transfer System Share transfers are processed and share certificates returned within a period of 7 days from the date of receipt.22% 71. . refer to Clause 40A of Listing Agreement.46% 163.94% 100.17-24. Registrars and Transfer Agents Karvy Computershare Private Limited Plot No.72 28.48 23. 2011 RIL Sensex Nifty BSE NSE FY 2010-11 2 years 3 years 5 years -2.29% 72.14% 93.00 35 22 118 327 33 74 008 1 2 For definitions of “Promoter Shareholding” and “Promoter Group” refer to Clause 40A of Listing Agreement.00 3.com Distribution of Shareholding as on March 31.07 51.18004258998 Fax +91 40 23114087 e-mail: rilinvestor@karvy.39% 11. transmission etc.ril. is placed at every Board meeting.58% -7. The Board has delegated the authority for approving transfer.karvy. For definition of “Public Shareholding”. Madhapur. The Company obtains from a Company Secretary in Practice half-yearly certificate of compliance with the share transfer formalities as required under Clause 47 (c) of the Listing Agreement with Stock Exchanges and files a copy of the certificate with the Stock Exchanges.500 081. A summary of transfer/transmission of securities of the Company so approved by the Managing Director/ Company Secretary.11% 23.50% 37.45% List of Investor Service Centres of Karvy Computershare Private Limited is available on the website of the Company http://www.55 Shareholding of Promoter and Promoter Group1 Indian Foreign Total Shareholding of Promoter and Promoter Group Public Shareholding2 Institutions Non-institutions Total Public Shareholding Shares held by Custodians and against which Depository Receipts have been issued Promoter and Promoter Group Public Total TOTAL (A) + (B) + (C) 68 146 39 23 695 0 0 68 146 39 23 695 2 309 93 22 72 904 35 19 740 75 52 09 669 35 22 049 168 74 82 573 0 1 1 0 12 19 67 740 12 19 67 740 0. 2011 Category Category of shareholder code (A) (1) (2) (B) (1) (2) (C) (1) (2) Number of shareholders Total number As a percentage of shares of (A+B+C) 44.

1979 September 19. 1982 August 31. 1977 September 28. Shareholding Pattern by Size as on March 31.2000 2001 . New Technologies. 1982 September 9. 1975 May 9. 1981 December 31. 1981 September 22. New Partnerships. 2011 Sr.5000 5001 . 1981 December 31. 1982 December 29.79 1.1000 1001 . 1980 December 31. 1983 September 30.I Debenture Series I Conversion Consolidation of Fractional Coupon Shares Conversion of Loan Conversion of Loan Rights Issue II Debenture Series II Conversion Debenture Series I Conversion Phase II Shareholders of Sidhpur Mills Co Limited (Merged with the Company) Rights Issue II NRI Debenture Series III Conversion Rights Issue II Shareholders of Sidhpur Mills Co Limited (Merged with the Company) II Bonus Issue. 1983 No.69 0.50 0.17 100.94 1.41 0. No. Particulars No.30 0.20000 Above 20000 TOTAL Build up of Equity Share Capital Sl. 1979 December 31. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Subscribers To Memorandum Shareholders of Reliance Textile Industries Limited (Merged with the Company) Conversion of Loan Rights Issue . 1983 September 30. 1982 June 15. of Shares 1 100 59 50 000 9 40 000 6 47 832 45 23 359 8 40 575 24 673 2 43 200 1 40 800 23 80 518 8 42 529 27 168 81 059 774 19 20 000 41 1 942 1 11 39 564 371 64 00 000 Holders 33 81 797 83 290 35 332 9 228 3 830 2 156 3 373 1 212 1 900 35 22 118 Shares 22 70 37 517 5 84 75 274 4 90 17 499 2 24 83 284 1 33 09 405 97 29 246 2 32 43 123 1 67 35 484 285 33 43 176 327 33 74 008 % of Total Shares 6. 1981 October 6.00 . 1981 April 12.4000 4001 .II Shareholders of Sidhpur Mills Co Limited (Merged with the Company) III Debenture Series IV Conversion Allotment Date October 19. 1980 May 15.51 87.I Bonus Issue .70 New Businesses.1981 June 23.10000 10001 . 1982 September 30.500 501 .71 0.3000 3001 . 1 2 3 4 5 6 7 8 9 Category (Shares) 1 .

of Shares 617 50 97 66 783 2 16 571 91 45 005 53 33 333 52 835 42 871 106 610 40 284 169 6 60 30 100 3 15 71 695 29 35 380 25 10 322 46 25 1 84 00 000 4 060 December 4. 1985 July 5. 1991 June 3.1985 December 17. 1985 April 30. 1991 October 10. 1988 October 31. 1986 April 1. 1985 November 15. 1988 June 2. 1988 February 4. 1988 November 29. 1984 October 1. 1990 May 22. 1993 August 26.Reliance Industries Limited 71 Sl. 1992 No. 1993 7 49 42 763 3 16 667 3 64 60 000 . 1985 April 30. 1984 December 31. 1987 August 1. 1984 January 31. 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 Particulars Shareholders of Sidhpur Mills Co Limited (Merged with the Company) IV Shareholders of Sidhpur Mills Co Limited (Merged with the Company) V Debenture Series I Conversion Debenture Series II Conversion Shareholders of Sidhpur Mills Co Limited (Merged with the Company) VI Consolidation of Fractional Coupon Shares Debenture Series E Conversion Debenture Series III Conversion Debenture Series IV Conversion Shareholders of Sidhpur Mills Co Limited (Merged with the Company) VII Consolidation of Fractional Coupon Shares Shareholders of Sidhpur Mills Co Limited (Merged with the Company) VIII Shareholders of Sidhpur Mills Co Limited (Merged with the Company) IX Debenture Series G Conversion Right Issue III Debenture Series G Conversion Shareholders of Sidhpur Mills Co Limited (Merged with the Company) X Shareholders of Sidhpur Mills Co Limited (Merged with the Company) XI Shareholders of Sidhpur Mills Co Limited (Merged with the Company) XII Shareholders of Sidhpur Mills Co Limited (Merged with the Company) XIII Shareholders of Sidhpur Mills Co Limited (Merged with the Company) XIV Euro Issue GDR-I Shareholders of Sidhpur Mills Co Limited (Merged with the Company) Shareholders of Reliance Petrochemicals Limited (Merged with the Company) Loan Conversion Debenture Series H Conversion Allotment Date April 5. 1992 July 7. No. 1985 December 31. 1984 June 20. 1987 February 4. 1985 December 31.

1994 December 22. 2009 Various dates in 2009-10 Various dates in 2010-11 No.5% ECB Due 1999 VI Bonus Issue III Conversion of 3. 1994 March 1. 1994 August 3. 2005 Total Equity as on March 31. 1997 July 11.5% ECB Due 1999 III Conversion of 3. 1997 September 13. 1997 September 27. 1999 January 12. 1993 February 23. 2007 October 3.5% ECB Due 1999 VII Conversion of 3.5% ECB Due 1999 II Conversion of 3. 1995 March 10.5% ECB Due 1999 V Conversion of 3.Allotment Shareholders of Reliance Petroleum Limited (Merged with the Company) Bonus Issue IV ESOS . Sl. 1994 October 21.5% ECB Due 1999 I Conversion of 3. 1997 November 4. 1997 July 22.28 69 495 327 33 74 008 . 2008 Various dates in 2008-09 September 30. 2000 October 23. New Partnerships. 1997 December 4. New Technologies.72 New Businesses. 1997 December 20. 2002 October 13. 1995 May 24. 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 Particulars Warrant Conversion (Debenture Series F) Euro Issue GDR II Loan Conversion Warrant Conversion (Debenture Series J) Private Placement of Shares Conversion of Reliance Petrochemicals Limited Debentures Shareholders of Reliance Polypropylene Limited and Reliance Polyethylene Limited (Merged with the Company) Warrants Conversion Conversion of 3.Allotment ESOS – Allotment Allotment Date August 26. 2011 . of Shares 1 03 16 092 2 55 32 000 18 38 950 87 40 000 2 45 45 450 75 472 9 95 75 915 74 80 000 544 13 31 042 6 05 068 18 64 766 18 15 755 1 03 475 46 60 90 452 15 68 499 7 624 12 00 00 000 34 26 20 509 6 01 40 560 12 00 00 000 1 49 632 6 92 52 623 1 62 67 93 078 5 30 426 29 99 648 327 62 43 503 Less : Shares Bought Back and extinguished on January 24. 1997 October 22. No.5% ECB Due 1999 IV Conversion of 3. 1994 March 16. 2009 November 28.5% ECB Due 1999 VIII Conversion of Warrants Shareholders of Reliance Petroleum Limited (Merged with the Company) Shareholders of Indian Petrochemicals Corporation Limited (Merged with the Company) Exercise of Warrants ESOS .

74 2.75 5. 2008 October 7. as well as value. the shareholders of the Company were allotted equity shares of the four companies.67.25 7. 10 per share. Reliance Capital Ventures Limited (RCVL) and Reliance Communication Ventures Limited (RCoVL) [Source: This information is compiled from the data available from the websites of BSE and NSE] Outstanding GDRs / Warrants and Convertible Bonds. Conversion Date and likely impact on equity (a) GDRs: Outstanding GDRs as on March 31. 2011 is subject to declaration by the shareholders at the ensuing Annual General Meeting. as on the record date fixed for the purpose. 8 per share recommended by the Directors on April 21.62 NSE 483. 2009 June 18. 122.Reliance Industries Limited 73 Corporate Benefits to Investors a. RIL shares consistently rank among the top few frequently traded shares. Reliance Natural Resources Limited (RNRL). Accordingly.39 47 44 484 56 25 736 * Share of paid-up value of Rs.00 13.86% up to March 31. in Reliance Industries Limited. No. The highest trading activity is witnessed on the BSE and NSE. 2010 (post bonus issue 1:1) Dividend per Share* 4. Bonus Issues of Fully Paid-up Equity Shares Financial Year 1980-81 1983-84 1997-98 2009-10 b.00 7. both in terms of the number of shares traded. 2010). Financial services and Telecommunications undertakings/businesses of the Company in December.40 2.50 10. 2006. 2001 October 31. Gas based. namely. Reliance Energy Ventures Limited (REVL). Liquidity The Company’s Equity Shares are among the most liquid and actively traded shares on the Indian Stock Exchanges. 2006 March 10.25 4. Note: Dividend of Rs.31. 2002 June 16. Trading in Equity Shares of the Company is permitted only in dematerialised form. crore) 8 81 252 89.00 11.00 13.14% of Company’s paid-up Equity Share Capital has been dematerialised upto March 31. c. RCVL and RCoVL were allotted on January 27. 2004 August 03. Dematerialisation of Shares Sr.422 equity shares each of REVL. 2005. Each GDR represents two underlying equity shares in the Company.73% of the paid-up Equity Share Capital of the Company.740 equity shares constituting 3.00 5. Relevant data for the average daily turnover for the financial year 2010-2011 is given below: BSE Shares (nos. RNRL. 2011 represent 12.30.) Value (in Rs.86 100. GDR is not a specific time-bound instrument and can be surrendered any time and converted into the .00 Ratio 3:5 6:10 1:1 1:1 in the ratio of one equity share of each of the companies for every equity share held by the shareholders except specified shareholders. 2007 June 12. Dividend Declared for the last 10 Years Financial Year 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Dividend Declaration June 15.19. Shares issued on Demerger Consequent upon the demerger of the Coal based.77 Total 573. 1 2 3 Electronic / Physical NSDL CDSL Physical TOTAL Mode of Holding % 94. 2011 (96. 2003 June 24. 2005 June 27.00 97.

Nagpur Village Dahali. Naroda Industrial Estate Naroda. India. depending upon specified criteria. Gujarat. India. The Options can be exercised during a period of five years or such other period as the Employees Stock Compensation Committee may decide from the date of vesting. Hoshiarpur Dharmshala Road. Dist. Patalganga B-4. New Partnerships. V.361 280.P. O. Jamnagar Village Meghpar/Padana. Naroda 103/106. India. Dahej P. Bharuch . Taluka Lalpur Jamnagar . Raigad . Taluka Lalpur Jamnagar . RIL GDR Price Movement over last 1 year Plant Locations Allahabad A/10-A/27. USA.O. Maharashtra. The Bank of New York Mellon is the Depositary and ICICI Bank Limited is the Custodian of all the Equity Shares underlying the GDRs issued by the Company. RIL GDR program has been established under Rule 144A and Regulation S of the US Securities Act. Ahmedabad . upon exercise of the same. Petrochemicals Township Nagothane. Jamnagar SEZ Unit Village Meghpar/Padana. District Nagpur Maharashtra.S. T.Important Information RIL GDRs are listed at Luxembourg Stock Exchange.392 130. India. The exercise is made at the market price prevailing as on the dates of the grant plus applicable taxes as may be levied on the Company in this regard. would give rise to one equity share of Rs. The Options unexercised during the exercise period would lapse. Options vest over one year to a maximum period of seven years. India. Bhatha. P. P.each fully paid up. 1933. India Gadimoga Tallarevu Mandal East Godavari District Gadimoga – 533 463. O. Industrial Area.211 010. 1934. Source : Bank of New York Mellon website (b) Employee Stock Options: 35.74 New Businesses.225 123.382 330. Somaiya Nagar Barabanki . India. India Hazira Village Mora.402 125. Raigad Maharashtra. UPSIDC Industrial Area Karchana.361 280. underlying equity shares in the Company. India. Punjab. Gujarat. Uttar Pradesh. Chohal District Hoshiarpur . New Technologies. GDRs are also traded amongst Qualified Institutional investors in the Portal System of NASD. India. 10/. GDRs can be reissued under the available head room. Gujarat.394 510. Mouda Ramtek Road Tehsil Mouda – 441 104. Dahej.O. District Allahabad .200 Options have been granted in the financial year 2010-11. Uttar Pradesh. P. Gujarat. RIL GDR Program . Patalganga – 410 220 Near Panvel. O. GDRs are traded on International Order Book (IOB) of London Stock Exchange. RIL GDRs are exempted securities under US Securities Law. Gujarat. Andhra Pradesh. India. Each Option.O. The shares so released in favor of the investors upon surrender of GDRs can either be held by the investors concerned in their name or sold off in the Indian secondary markets for cash. P. Nagothane P. Reporting is done under the exempted route of Rule 12g32(b) under the US Securities Exchange Act. .O. India.L. To the extent of the shares so sold in Indian markets.146 024. Surat . Surat Hazira Road. Barabanki Dewa Road.

(ii) Any query on Annual Report Shri S. MN-DWN 2004/2. Oil & Gas Blocks Panna Mukta.17-24. MN-DWN-2004/4. KK-DWN-2001/1. Corporate Secretarial Reliance Industries Limited. Petrochemicals Vadodara . GK . 2010 Number of shareholders who approached the Company for transfer of shares from suspense account during the year Number of shareholders to whom shares were transferred from the suspense account during the year Aggregate Number of shareholders and the outstanding shares in the suspense account lying as on March 31. CBM Blocks SP (West) – CBM – 2001/1.Reliance Industries Limited 75 Silvassa 342. KG . AS-ONN-2000/1. The cumulative amount transferred to IEPF up to March 31. CY-PR-DWN-2001/ 3. KK-DWN-2001/2. Naroli.Vittal Rao Nagar. Sudhakar Vice President.89 crore. CYDWN-2001/2. NEC-DWN-2002/1. Tapti. GS OSN . KG -DWN-98/ 3. PR-DWN 2001/1. 2001. Email:investor_relations@ril. 2011 107 Number of equity shares 1450 9 114 8 102 99 1348 The voting rights on the shares outstanding in the suspense account as on March 31.500 081. MN-DWN-2003/1. to the Investor Education and Protection Fund (IEPF) pursuant to Section 205C of the Companies Act.18004258998 Fax +91 40 23114087 e-mail: rilinvestor@karvy.DWN -98/1. lying in the unpaid / unclaimed dividend account.29 crore. KG-DWN-2004/7. Mumbai 400 021. 1956 read with the Investor Education and Protection Fund (Awareness and Protection of Investors) Rules. CY-PR-DWN-2001/4. India.karvy. CB-ONN-2003/1. MN-DWN-2004/3. three reminders were issued for shares issued in physical form. Tel:+91 40-44655070-5099 Toll Free No.OSJ – 3. 2011 shall remain frozen till the rightful owner of such shares claims the shares. As per Clause 5A(II) of the Listing Agreement. Nariman Point. the Company has credited Rs. O. Equity Shares in the Suspense Account As per Clause 5A(I) of the Listing Agreement. 4. MN-DWN-2004/1. 2011 is Rs. Madhapur.396 235.DWN 98/2. NEC-OSN-97/2. MN-DWN-2004/5 and KG-DWN-2005/2.391 346. . KG-OSN-2001/2. 3rd Floor. SP (East) – CBM – 2001/1. 222. Gujarat. the Company reports the following details in respect of equity shares lying in the suspense account which were issued pursuant to the public issue of erstwhile Reliance Petroleum Limited (amalgamated with the Company): Number of share holders Aggregate Number of shareholders and the outstanding shares in the suspense account lying as on April 1. India. Near Silvassa Union Territory of Dadra & Nagar Haveli .2003/II Address for Correspondence (i) Investor Correspondence For Shares/Debentures held in Physical form Karvy Computershare Private Limited Plot No. Hyderabad . KG-DWN-2004/ 4. KG-DWN2001/1.com For Shares/Debentures held in Demat form Investors’ concerned Depository Participant(s) and /or Karvy Computershare Private Limited. Vadodara P. KG-OSN-2001/1.com Transfer of unpaid/unclaimed amounts to Investor Education and Protection Fund During the year under review. KG-DWN-2003/1.com Website: www. MN . 88.2000/1. Kharadpada. SH (North) – CBM . Maker Chambers IV.

The confidentiality of those reporting violations is maintained and they are not subjected to any discriminatory practice. This Certificate has also been forwarded to the Stock Exchanges where the securities of the Company are listed. strategic direction. The new appointee is also facilitated with a tour of the Company’s key manufacturing facilities to get familiar with the Company’s operations. Compliance Certificate of the Auditors Certificate from the Auditors of the Company. Whistle Blower policy The Company promotes ethical behaviour in all its business activities and has put in place a mechanism of reporting illegal or unethical behaviour. business strategy and risks involved. regulations or unethical conduct to their immediate supervisor or such other person as may be notified by the management to the workgroups. New Technologies. rules. reports and internal policies to enable them to familiarize with the Company’s procedures and practices. The Company has a whistle blower policy wherein the employees are free to report violations of laws. is attached to the Directors' Report forming part of the Annual Report.. CEO and CFO Certification The Chairman and Managing Director and the Chief Financial Officer of the Company give annual certification on financial reporting and internal controls to the Board in terms of Clause 49. core values including ethics. 15. These meetings are conducted in an informal and flexible manner to enable the Independent Directors to discuss matters pertaining to the affairs of the company and put forth their views to the Lead Independent Director. . global business environment. Chaturvedi & Shah. Deloitte Haskins & Sells and M/s. Training of Board Members New Directors appointed by the Board are given formal induction and orientation with respect to the Company’s vision. M/s. confirming compliance with the conditions of Corporate Governance as stipulated under Clause 49. Audit Qualification The Company is in the regime of unqualified financial statements. These shares will be transferred into one folio in the name of "Unclaimed Suspense Account" in due course. financial matters and business operations. Adoption of Mandatory and Non-Mandatory Requirements of Clause 49 The Company has complied with all mandatory requirements and has adopted following non-mandatory requirements of Clause 49. corporate governance practices. Communication to Shareholders Half yearly Reports covering financial results are sent to members at their registered address.76 New Businesses. Quarterly updates on relevant statutory changes and landmark judicial pronouncements encompassing important laws are circulated to the Directors. on business and performance updates of the Company. Remuneration Committee The Company has constituted Remuneration Committee to recommend/review remuneration of the Managing Director and Whole-time Directors based on their performance and defined assessment criteria. Meetings of Independent Directors The Independent Directors of the Company meet from time to time as they deem appropriate without the presence of Executive Directors or management personnel. The Chairman and Managing Director and the Chief Financial Officer also give quarterly certification on financial results while placing the financial results before the Board in terms of Clause 41 of the Listing Agreement. which remain unclaimed. The Board members are also provided with the necessary documents/brochures. New Partnerships. 14. The Lead Independent Director takes appropriate steps to present such views to the Chairman and Managing Director. M/s. Rajendra & Co. Periodic presentations are made at the Board and Board Committee Meetings. 13.

(j) constitution of the Board of Directors / Committee(s) of Directors and appointment. 2008. (d) service of documents by the Company on its Members. in my opinion. . 1992. The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act. (n) payment of interest on debentures and redemption of debentures. complied with the provisions of the Companies Act. wherever required. (l) appointment and remuneration of Auditors and Cost Auditors. returns. the Board of Directors. and The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations. (c) forms. 1999. records and documents of Reliance Industries Limited (“the Company”) for the financial year ended on March 31. the Committees of Directors and government authorities. (m) transfers and transmissions of the Company’s shares and debentures. 1956 and the Rules made under that Act. I report that the Company has. Debenture Trustees. 2011 according to the provisions ofThe Companies Act. The Depositories Act. Based on my examination and verification of the registers. The Securities Contracts (Regulation) Act. 1992 (‘SEBI Act’) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. 1. retirement and re-appointment of Directors including the Managing Director and Whole-time Directors.Reliance Industries Limited 77 Secretarial Audit Report The Board of Directors Reliance Industries Limited 3rd Floor. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. (f) the meetings of Directors and Committees of Directors including passing of resolutions by circulation. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations. The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines. the Rules made under that Act. Maker Chambers IV 222 Nariman Point Mumbai 400 021 I have examined the registers. with regard to: (a) maintenance of various statutory registers and documents and making necessary entries therein. (k) payment of remuneration to the Directors including the Managing Director and Whole-time Directors. The Equity Listing Agreements with Bombay Stock Exchange Limited and National Stock Exchange of India Limited and GDR Listing Agreement with Luxembourg Stock Exchange and Debt Listing Agreements with National Stock Exchange of India Limited and Bombay Stock Exchange Limited. 1956 (‘SCRA’). documents and resolutions required to be filed with the Registrar of Companies and Central Government. issue and allotment of shares and debentures and issue and delivery of original and duplicate certificates of shares and debentures. (g) the 36th Annual General Meeting held on 18 June 2010. 1997. Auditors and the Registrar of Companies. (h) minutes of proceedings of General Meetings and of Board and its Committee meetings. 1996 and the Regulations and Bye-laws framed under that Act. records and documents produced to me and according to the information and explanations given to me by the Company. 1956 (“the Act”) and the Rules made under the Act and the Memorandum and Articles of Association of the Company. Debenture holders. (b) closure of the Register of Members / Debenture holders. 2009. (i) approvals of the Members. (e) notice of Board meetings and Committee meetings of Directors.

(t) form of balance sheet as prescribed under Part I of Schedule VI to the Act and requirements as to Profit and Loss Account as per Part II of the said Schedule. 5144 Dated: April 21.78 New Businesses. modification and satisfaction of charges. 1999 with regard to implementation of Employee Stock Option Scheme. 1997 including the provisions with regard to disclosures and maintenance of records required under the Regulations. (s) giving guarantees in connection with loans taken by subsidiaries and associate companies. registered office and publication of name of the Company. (r) investment of the Company’s funds including inter corporate loans and investments and loans to others. their being independent and compliance with the code of Business Conduct & Ethics for Directors and Management Personnel. (d) the Company has complied with the provisions of the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines. 2008. (b) the Directors have complied with the disclosure requirements in respect of their eligibility of appointment. New Partnerships. I further report that: (a) the Directors have complied with the requirements as to disclosure of interests and concerns in contracts and arrangements. I further report that: (a) the Company has complied with the requirements under the Equity Listing Agreements entered into with the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited and GDR Listing Agreement with Luxembourg Stock Exchange and the Debt Listing Agreements with National Stock Exchange of India Limited and Bombay Stock Exchange Limited. (o) declaration and payment of dividends. (c) the Company has obtained all necessary approvals under the various provisions of the Act. and (d) there was no prosecution initiated and no fines or penalties were imposed during the year under review under the Companies Act. SEBI Act. Depositories Act. and (w) generally. common seal. 2011 . Regulations and Guidelines framed under these Acts against / on the Company. (p) transfer of certain amounts as required under the Act to the Investor Education and Protection Fund. I further report that the Company has complied with the provisions of the Depositories Act. 4. and (e) the Company has complied with the provisions of the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations. shareholdings / debenture holdings and directorships in other companies and interests in other entities. its Directors and Officers. Listing Agreement and Rules. New Technologies. (b) the Company has complied with the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. Dr K R Chandratre Practising Company Secretary Certificate of Practice No. 3. 2. all other applicable provisions of the Act and the Rules made under that Act. (u) Board’s report. grant of Options and other aspects. (q) borrowings and registration. 1996 and the Bye-laws framed thereunder by the Depositories with regard to dematerialisation / rematerialisation of securities and reconciliation of records of dematerialised securities with all securities issued by the Company. 1992 including the provisions with regard to disclosures and maintenance of records required under the Regulations. (c) the Company has complied with the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations. SCRA. (v) contracts.

051 5.30 4.719 crore ($ 6.7 billion) Cash Profit increased by 24% to Rs.235.661 969 143 4.45 25.77 1.58 25.663 * 1 $ = Rs.530 crore ($ 7.000.999.547.084.0 billion) Exports increased by 33% to Rs.44 3.999.576 693 267 3. Financial Results The financial performance of the Company.607.48 10.588 2.90 87 6.384.616 1.242.178 crore ($ 9.00 3.41. 2011 The Company is one of India’s largest contributors to the national exchequer primarily by way of payment of taxes and duties to various government agencies.327.4 /bbl for the year ended March 31.285.980. 44.21 $ Mn* 7. 2011 (1 $ = Rs.477. it will be paid to members whose names are furnished by National Securities Depository Limited and Central Depository Services (India) Limited. amounting to Rs.53 20.46. Interest & Tax Less: Interest Depreciation Less: Transfer from Revaluation Reserve Profit before Tax Less: Provision for Current Taxation Provision for Deferred Tax Profit after Tax Add: Balance in Profit and Loss Account Amount Available for Appropriation Appropriation: General Reserve Debenture Redemption Reserve Dividend on Equity Shares Tax on Dividend Balance carried to Balance Sheet 41. The dividend will be paid to members whose names appear in the Register of Members as on May 9.496.Reliance Industries Limited 79 Directors' Report Dear Shareholders.633.453 25.00 189.619. 2.114 4.114 5. Dividend Your Directors have recommended a dividend of Rs. During the year. 7/.99 535 386.75 3. 2010) Results of Operations The first full year of operations. crore Profit before Depreciation.67 5. 2011.199 4.7 billion) Net Profit increased by 25% to Rs.86 2.200. after commissioning of the Company’s two large scale projects namely KG D6 and SEZ refinery at Jamnagar.18 1.2 billion) Profit Before Tax increased by 23% to Rs.86 1.595 Exchange Rate as on March 31.663 $ Mn* 9.815 2009-2010 Rs.58.67 346.44 2. for the year ended March 31.62 16.241. as beneficial owners. 28. 44.177.5 billion) Gross Refining Margin at $ 8. The dividend payout for the year under review has been .549 1.815 3. 2011 is summarised below: 2010-2011 Rs.75 5.242 crore ($ 5. 25.19 21. resulted in a record performance during the financial year under review.86 14.667 crore ($ 32. 1. a total of Rs.01 2.000. in respect of shares held in dematerialised form.44 635.24 4. 34.90 as on March 31.619.997.041. crore 33.33 2.513.50 2.75 13.286 crore ($ 4.24 4.286. 2011.338 4.234 522 13. 2011.111.50 20. 2772 crore (inclusive of tax of Rs.00 16.384. Your Directors are pleased to present the 37th Annual Report and the audited accounts for the financial year ended March 31.320. 20.118 42 464 77 1.285.per Equity Share) for the financial year ended March 31.359 445 16.651 crore ($ 58.45 21.9 billion) PBDIT increased by 25% and achieved a record level of Rs. 387 crore) one of the highest ever payout by any private sector domestic company. Turnover increased by 29% to Rs.4 billion) was paid in the form of various taxes and duties. 8/per Equity Share (last year Rs.

Moody’s and S&P have reaffirmed investment grade ratings for international debt of the Company.000* 1146* 1. New Technologies.(d) .00. Fitch and S&P recently upgrading their outlook for the Company from Stable to Positive. While benefits from such contracts will accrue in future years.51.56.200* 644.000 3.026 d.41. Employees Stock Option Scheme The Company implemented the Employees Stock Option Scheme (‘‘Scheme’’) in accordance with the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines. equal to or exceeding 1% of the issued capital (excluding outstanding warrants and conversions) of the Company at the time of grant Nil k. Prasad 10. Kapil 1. as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges in India.24. during any one year.39 crore of Options i.120 j.400 b.706 as a result of exercise of Options f. Credit Rating The Company continues to have the highest domestic credit ratings of AAA from CRISIL and Fitch.000* 642* 54. The Company has entered into various joint ventures. Shri P. refining and petrochemicals businesses. Exercise Price Options Granted Exercise Price (plus applicable taxes) 5.000* 842* 20. Any other employee who received a grant in any one year of Options amounting to 5% or more of Options granted Nil iii.K. Shri Nikhil R. Strong credit ratings by leading international agencies reflect the Company’s financial discipline and prudence. Meswani 14.30. is presented in a separate section forming part of the Annual Report.80 New Businesses. Its continued Balance Sheet strengthning in financial year 2010-11. The Certificate would be placed at the Annual General Meeting for inspection by members. as Baa2 and BBB. In line with its aspirations of ongoing growth.96.65. resulted in Moody’s.00. administers and monitors the Scheme.00. Management’s Discussion and Analysis Report Management’s Discussion and Analysis report for the year under review. The applicable disclosures as stipulated under the SEBI Guidelines as at March 31. 62.79.00. who were granted Options. Meswani 14. respectively. partnerships and contracts in the area of oil and gas. 1999 (‘the SEBI Guidelines’).35.000 4. The Employees Stock Compensation Committee. Diluted Earnings Per Share (EPS) before exceptional items pursuant to issue of shares on exercise of Options calculated in accordance with Accounting Standard (AS) 20 ‘Earnings Per Share’ Rs.00 The issuance of equity shares pursuant to exercise of Options does not affect the profit and loss account of the Company.50* 16. formulated in accordance with the Company’s policy to pay sustainable dividend linked to long term growth objectives of the Company to be met by internal cash accruals and the shareholders’ aspirations.00. New Partnerships. Total number of Options in force [(a) . as the exercise is made at the market price prevailing as on the date of the grant plus taxes as applicable.M. Reliance is investing its resources in core business across the .61.000 995 19. 2011 (cumulative position) are given below: a.S.000 2. Options Granted 5. 261.74. Identified employees. their progress is periodically monitored. Senior managerial personnel 1. The Company’s international rating from S&P is higher than the country’s sovereign rating. Options Exercised 36. Shri Hital R.79.574 g. The total number of shares arising 36.16. Shri P. constituted in accordance with the SEBI Guidelines. The Company has received a certificate from the Auditors of the Company that the Scheme has been implemented in accordance with the SEBI Guidelines and the resolution passed by the shareholders. Options Vested 1. Options Lapsed 1. Money realised by exercise Rs. Variation in terms of Options h. Employee wise details of Options granted to: i.706 e.(f)] 4.000 ii.200 929 *adjusted for bonus issue c.

2 billion for the interests to be acquired in the 23 production sharing contracts. available with only a very few companies globally. The Company will make available the Annual Accounts of the subsidiary companies and the related detailed information to any member of the Company who may be interested in obtaining the same. the Company is also taking the initiative of investing in new technologies and businesses that help meet changing aspirations of millions of Indian consumers. Joint venture for Butyl Rubber production in India: During the year.RIL dispute. the Balance Sheet. Pioneer Natural Resources and Carrizo Oil & Gas and acquired 40%. Others: The Honorable Supreme Court of India delivered its judgment in the Reliance Natural Resources Limited (RNRL) . These strategies and initiatives are aimed at ensuring that Reliance delivers longterm sustainable growth and creates unprecedented value for all its stakeholders. the audited Consolidated Financial Statements are provided in the Annual Report. Shale gas joint ventures: During the year. RIL and Russia’s SIBUR announced a joint venture for the setting up of a facility for producing 100.Reliance Industries Limited 81 integrated energy chain. RIL acquired a substantial stake in Infotel Broadband Services Limited (Infotel Broadband). Profit and Loss Account and other documents of the subsidiary companies are not being attached with the Balance Sheet of the Company. The two companies will also form a 50:50 joint venture for the sourcing and marketing of gas in India and will endeavour to accelerate the creation of infrastructure for receiving. will fulfill a longstanding demand of the Indian tyre and rubber industry.430 acres. The Consolidated Financial Statements presented by the Company include the financial results of its subsidiary companies.000 MT butyl rubber in India. Future performance payments of up to $ 1. . Some of the major events of the year include the following: RIL-BP alliance: RIL has entered into a strategic partnership with BP and signed the relationship framework and transactional agreements. including the producing KG-D6 block. RIL owns 95% of the equity share capital of Infotel Broadband. non-compete agreement with respect to gas based power generation. RIL and RNRL signed a Gas Supply Master Agreement in compliance with the Gas Utilization Policy and EGoM decisions. RIL sees the broadband opportunity as a new frontier of knowledge economy in which it is confident of taking leadership position and providing India with an opportunity to be in the forefront among the countries providing world-class 4G network and services. This is a significant step towards Reliance’s commitment to service India’s growing automotive sector by bringing in complex technologies. BP will pay an aggregate consideration of $ 7. The partnership across the full value chain comprises BP taking a 30% stake in 23 oil and gas production sharing contracts that Reliance operates in India.12. The annual accounts of the subsidiary companies will also be kept open for inspection at the Registered Office of the Company and that of the respective subsidiary companies. which emerged as a successful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) Spectrum conducted by the Department of Telecommunications (DoT). 45% and 60% interests.8 billion could be paid based on exploration success that results in development of commercial discoveries. RIL and Reliance ADA Group companies approved and signed an agreement canceling all existing non-compete arrangements entered into between the two groups pursuant to the scheme of reorganization of the Reliance Group and entered into a new simpler. Consolidated Financial Statements In accordance with the Accounting Standard AS-21 on Consolidated Financial Statements read with Accounting Standard AS-23 on Accounting for Investments in Associates and AS-27 on Financial Reporting of Interest in Joint Ventures. through its subsidiaries. respectively in the shale gas acreage positions to be explored by these joint ventures. transporting and marketing of natural gas in India. While doing so. The setting up of domestic manufacturing of butyl rubber which is expected to be commissioned by 2013. in the United States of America entered into three distinctive joint venture agreements with Atlas Energy. Government of India. The net Shale acreage acquisition by Reliance is 3. Subsidiaries In accordance with the general circular issued by the Ministry of Corporate Affairs. Spearheading the knowledge revolution: During the year. The judgment recognized the dominant role of the provisions of the Production Sharing Contract and upheld the policies formulated by the Government under which it has the authority to regulate the production and distribution of natural gas. It also entered in to a separate joint venture with Pioneer Natural Resources aimed at addressing the mid-stream opportunity in gas evacuation and transportation. the Company.

The Secretarial Audit Report for the financial year ended March 31. 1956. hold office until the conclusion of the ensuing Annual General Meeting and are eligible for reappointment. Cost Accountants. Cost Accountants. Ashok Misra and Shri Yogendra P. Shenoy. Having regard to the provisions of Section 219(1)(b)(iv) of the said Act. Chartered Accountants. Prof. 2011 and of the profit of the Company for the year ended on that date. to conduct Secretarial Audit of records and documents of the Company. Cost Accountants. Talati & Co. M/s. Secretarial Audit Report As a measure of good corporate governance practice. G. 1996. offer themselves for reappointment at the ensuing Annual General Meeting. (ii) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31. Rajendra & Co. Shri Nikhil R. N. 2011. Directors’ Responsibility Statement Pursuant to the requirement under Section 217(2AA) of the Companies Act. the Annual Report excluding the aforesaid information is being sent to all the members of the Company and others entitled . Chartered Accountants and M/s. Chaturvedi & Shah. Practicing Company Secretary. is provided in the Annual Report. M/s. Cost Accountant. the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations. Directors Shri Ramaniklal H. read with the Companies (Particulars of Employees) Rules. Cost Auditors The Central Government has approved the appointment of the following cost auditors for conducting Cost Audit for the financial year 2010-11 – (i) For the textiles business . Directors. 1999. The Secretarial Audit Report confirms that the Company has complied with all the applicable provisions of the Companies Act. Depositories Act. retire by rotation and being eligible. would be within the prescribed limits under Section 224(1B) of the Companies Act. the names of the Promoters and entities comprising the ‘group’ are disclosed in the Annual Report for the purpose of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. Cost Accountants. M/s. The Company has received letters from all of them to the effect that their reappointment. the Board of Directors of the Company appointed Dr. 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities. 1997. M/s. Details of major subsidiaries of the Company are covered in Management’s Discussion and Analysis Report forming part of the Annual Report. the applicable accounting standards read with requirements set out under Schedule VI to the Companies Act.R. Mehta & Co. Listing Agreements with the Stock Exchanges. M/s. New Technologies. 1956.82 New Businesses. Kumar & Associates. if made. 1992 and the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines. Ambani. The Notes on Accounts referred to in the Auditors’ Report are self-explanatory and do not call for any further comments. K. Bavadekar. J. New Partnerships. and (iv) the Directors have prepared the annual accounts of the Company on a ‘going concern’ basis. Trivedi. Chartered Accountants.. 1956 and that they are not disqualified for reappointment within the meaning of Section 226 of the said Act. V. Statutory Auditors of the Company. Cost Accountant. with respect to Directors’ Responsibility Statement. Chandratre. and (iii) For the polyester business – Shri Suresh D. K. Diwanji & Associates. Meswani. 1956. Auditors and Auditors’ Report M/s. Goyal & Associates. Securities Contracts (Regulation) Act. 1956 and all the Regulations and Guidelines of SEBI as applicable to the Company. have been followed and there are no material departures from the same. (iii) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act. 1956. (ii) For the chemicals business – Shri S. Particulars of Employees In terms of the provisions of Section 217(2A) of the Companies Act. Deloitte Haskins & Sells.M/s. including the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. Kiran J. 1997. 2011. Group Pursuant to intimation from the Promoters. V. Cost Accountant. the names and other particulars of the employees are set out in the annexure to the Directors’ Report.. it is hereby confirmed that : (i) in the preparation of the annual accounts for the year ended March 31. 1975 as amended.

Government authorities. Transfer of amounts to Investor Education and Protection Fund Pursuant to the provisions of Section 205A(5) of the Companies Act. Reduction in effluent generation by replacing 5% Caustic with 32% Caustic for pH control at Vinyl Chloride Monomer (VCM) plant. Ambani Chairman and Managing Director April 21. 2011 Annexure – I Particulars required under the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules. . Energy Conservation. foreign exchange earnings and outgo.Reliance Industries Limited 83 thereto. 1956 read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules. Conservation of Energy (a) Energy conservation measures taken: Major energy conservation measures carried out during the year 2010-11 are listed below: Allahabad Manufacturing Division Installation of Awwa nozzles on spinning machines leading to reduction in compressed air consumption. Energy efficient motors were provided at Husk Boiler ESP (Electrostatic Precipitator) unit. Installation of capacitor on HT circuit. customers. Acknowledgement Your Directors would like to express their appreciation for the assistance and co-operation received from the financial institutions. banks. 1956. as required to be disclosed under Section 217(1)(e) of the Companies Act. The Report on Corporate Governance as stipulated under Clause 49 of the Listing Agreement forms part of the Annual Report. One solar light has been installed and commissioned at road side. vendors and members during the year under review. Ware house and DG roof. At Nitrogen Plant one line has been fabricated and installed. 1988 are provided in the Annexure-I to this Report. Fans were provided at Draw line roof. leading to improvement in power factor. technology absorption. Any member interested in obtaining such particulars may write to the Company Secretary at the registered office of the Company. Technology Absorption and Foreign Exchange Earnings and Outgo The particulars relating to energy conservation. this has resulted into Stoppage of Nitrogen purge compressor. Barabanki Manufacturing Division In order to utilize wind energy 45 Eco-ventilators were provided at various locations in the plant to improve the working atmosphere and reduce the heat load. 1988 A. The requisite Certificate from the Auditors of the Company confirming compliance with the conditions of Corporate Governance as stipulated under the aforesaid Clause 49. outside the main gate. dividends. For and on behalf of the Board of Directors Mukesh D. Recycling of filter water and cooling water. Reduction in energy consumption by distillation vent steam utilization at Ultra-high-molecular-weight polyethylene (UHMW) – HDPE II (High Density Poly Ethylene) plant. is attached to this Report. A Solar system Geyser installed and commissioned at canteen for hot water use. interest on debentures and matured debentures which remained unpaid or unclaimed for a period of 7 years have been transferred by the Company to the Investor Education and Protection Fund. Dahej Manufacturing Division Realized energy savings by optimization of Gas Turbine load by implementation of Export-Import tieline control at Captive Power Plant (CPP). The Company has also implemented several best corporate governance practices as prevalent globally. Total seven motors were replaced. Achieved water savings by reduction in water to monomer ratio at Poly Vinyl Chloride (PVC) plant. Corporate Governance The Company is committed to maintain the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out by SEBI. Your Directors also wish to place on record their deep sense of appreciation for the committed services by the executives. staff and workers of the Company.

a) Reduction of Low Pressure (LP) steam consumption in Amine treating Units by the reduction of lean amine circulation rate. Reduction in specific steam consumption in Draw Machine # 1. Reduction in energy consumption by providing isolation valve in High Pressure (HP) steam header in Phase-I at CPP. Increase in Purified Terephthalic Acid (PTA)-3 Process Air Compressor (PAC) power export. b) Implementation of Energy conservation schemes in Alkylation Unit (Refrigeration compressor seal modification). Replacing Existing bowed Super Heater (SH) modules of Heat Recovery Steam Generator (HRSG) #1 and 2 with drainable and finned super heaters. Stopped one exhaust blower of Draw Machine # 3 to conserve energy. Installation of Heat exchanger in Cracked Naphtha Hydro Treaters (CNHT) to recover naphtha splitter Overhead stream heat. Power saving in Pumps and compressors by optimizing process parameters. Zero main flare achievement on continuous basis by Arresting the leakages in Hydrogen Complex. Maximizing loading on Recycle Ethylene Di-Chloride (REDC) column and minimizing on HB column to reduce SIP consumption by 1. Improvement in Waste heat recovery performance of (Make up water heater) MUWH# 3 and MUWH#5 at CPP&U plant.84 New Businesses. Reduction in specific power consumption in Draw Machine # 2 & 5. Improvement of Ortho Xylene (OX) and Heavy Aromatics (HA) column reboiler heater efficiencies by online cleaning of radiant section. Installation of additional motor driven BFW Pump (B-900) and stoppage of Boiler Feed Pump Turbine (BFPT) at Cracker Plant to achieve energy savings. Identified source of leak arrested. 2 & 5. Steam generation load on HRSG maximized and load on auxiliary boiler reduced. Earlier it was routed directly to fin fan cooler. Steam Leak reduction. Hazira Manufacturing Division Uprading Gas Turbine (GT) capability of GT-3 and GT-5 at Captive Power Plant & Utilities (CPP&U). Jamnagar Manufacturing Division (SEZ): Reduction in LP Steam dumping by taking following measures:Changing over the process unit turbines to motor driven in Crude / Vaccum Gas Oil (VGO) High Tension (HT) / Coker / Clean Fuels (CFP) Complex. Improvement in centrifugal air compressor’s efficiency. Inter-stage cooler bundles replaced with phenolic coated tube bundles to minimize fouling. Heat rate lower for HRSG. New Partnerships. MP steam consumption in ejector reduced and Flare loss reduction by optimizing operating parameters. b) Reducing the LP Steam generation in Diesel Hydrodesulphurisation (DHDS) -1/2 c) a) VGO HT-3 S-18 Steam generator bypass. Reduction in steam and power consumption by reducing the water/Aqueous EO (Ethylene Oxide) ratio in glycol reactors at Mono Ethylene Glycol (MEG) plant. Implemented in 4 out of 6 compressors. Hiboil reflux ratio optimization at Vinyl Chloride Monomer (VCM) plant. Piping / Process modification in Condensate Trim Cooler (EA 1553) heat exchanger scheme to improve energy performance and reliability at CPP&U. Fuel saving by improvement in steam load distribution. Optimization of Coker FGRS (Flare Gas Recovery System). . Propylene Treater Regeneration Sequence Modification in Propylene Recovery Unit (PRU) to avoid Propylene loss. New Technologies. Steam leak survey carried out across the complex. Jamnagar (DTA) Manufacturing Division Improvement in heat recovery in Amine Treating by replacing shell and tube heat exchanger with new plate-frame type. Hoshiarpur Manufacturing Division Reduction in energy consumption by installation of inverter for chilled water pump.0 Tonnes Per Hour (TPH) and Reflux flow optimization in REDC column.

Reduction in excess Oxygen in flue gas in H-106. Energy savings by supplying LP ethylene to VCM from Gas Cracker Unit (GCU). VCM EDC (Ethylene Dichloride) Cracker Stack temperature and excess Oxygen (O2) reduction was done with the help of Damper adjustment. Scheme was implemented in two cooling towers i. Installation of Energy Efficient Retrofit Metal halides/ Compact Fluorescent Lamp (CFL) in place of the conventional lighting was done to reduce power consumption. Naroda Manufacturing Division Replacement has been done of 2 nos. Ceramic coating on Heater Tubes in Paraxylene Plant. Improvement in heat recovery by installation of new E 521 exchanger at MEG plant. resulted in saving of Fuel Gas. Blocking of muffle block inside burner assembly for 4 burners of Hot Oil heater.0% to 2. Reduced energy consumption by replacement of Vertical Turbine pump with Submersible pump at River Intake Well resulting in stoppage of water lubrication pump. LAB plant. (b) Additional investments / proposals being implemented for reduction of consumption of energy: Dahej Manufacturing Division Improvement in heat recovery by increase in residue gas exchanger area at Gas Cracker plant. Recovery of heat energy by replacing exchanger E 624 which a shell and tube type exchanger with a plate type heat exchanger and rerouting of recycle water through it. Chemical cleaning of Convection Bank Heater Tubes in Paraxylene Plant. Routing of regeneration gases (high N2 conc. Reduction in Hot Oil circulation flow from 145M3/Hr to 120M3/Hr in LAB. This will reduce the . Running only 3 air compressors in place of 4 in utility complex.e.Reliance Industries Limited 85 c) Implementation of Energy conservation scheme in Flare Gas Recovery Unit (Additional 30" suction piping for the flare gas recovery compressor).) to LLP Flare in PRU. Stopping of both vent absorber (C-05 and C-20) tails pump (P-95 and P-56) by rerouting of tails to stripper through different nozzle and utilize stripper vacuum. Bore-well Pumps with Energy Efficient Pumps. Stripper column bottom 2 pump was operated for reduction in Chemical Oxygen Demand (COD) in A CN plant. from 4. Minimization of H2 flaring / H2 to FG by product pressure-feed control scheme as well as integration of SEZ and DTA hydrogen complex. d) Implementation of Energy conservation scheme at Propylene Recovery Unit (PRU) [PRU regeneration gases to Low Low Pressure (LLP) flare].5 m3/hr. Installation of New Plug flow Steamer (FB501) for hydrocarbon stripping from Polypropylene (PP) powder. Insulation repair work was done for HP and MP header. Vadodara Manufacturing Division Use of Aerofoil designed Fibre-reinforced plastic (FRP) blades for cooling tower fans. Patalganga Manufacturing Division Corrocoating of Cooling Water pumps in Linear Alkyl Benzene (LAB) and PTA Plants. Reduction in power demand by installation of hydraulic Turbine at Ethane-Propane Recovery Unit (EPRU). of Naphtha Cracker Plant (NCP). Insulation Health check was carried out for Out Side Battery Limited (OSBL) steam header. Nagpur Manufacturing Division Reduced energy consumption by replacement of old Beacon make Chilled Water Pumps with Grundfos make new energy efficient pumps –Two Nos. Reduction in HF inventory by Single Reactor settler trial led to power saving due to stopping of one pump. N2O2 (1 fan) and A CN cooling tower (1 fan). In addition to that A CN cooling tower internals were replaced resulting in reduction in make up water by 4. Nagothane Manufacturing Division Stopping of DM water pump to process plants and utilizing the excess capacity available in DM water supplying to CPP.4% by 4 burner blank off lowered the fuel gas consumption significantly.

Proposal to preheat the feed for Low boiler Tower (T410) with the overhead product stream of High Boiler Tower (T-420) in PBR1 plant is under conceptual stage. Vadodara Manufacturing Division Heat recovery scheme of EO column bottom and EO stripper bottom to preheat Cycle gas going to Contactor.86 New Businesses. Steam Network audit on regular basis to identify. Improved Steam traps management. Gas Conversion of Stenters in Menswear Process House from Gas Fired Thermic Fluid Heating. refrigeration load on compressors C2R and C3R at Gas cracker plant.29 crore /annum. Hazira Manufacturing Division Provision of Glycol ejector in place of steam ejectors in CP-2/3 at Partially Oriented Yarn (POY) plant. Naroda Manufacturing Division Energy Saving by replacing Old Inefficient Electrical Motors by Energy Efficient Motors. Condensate flashing by reducing the condensate drum pressure (V-152) to 1. stoppage of two pumps at Recovery plus can save 300 kW power which could be Rs 1. New Technologies. Improvement in run length of Gasoline Hydrogenation Unit (GHU) 1st stage reactor with replacement of catalyst with Ni catalyst at cracker plant and reducing no. Recovery of H2 rich gas during reduction of PGH 1st stage reactor. Reduction of MP steam by re-routing Light Coker Gas Oil (LCGO) pump around to stripper re-boiler in Coker-2.2 Kg/cm2 g resulting in additional heat recovery. Reduction of energy consumption by installing inverter on Raw water /Cooling water pump Jamnagar (DTA) Manufacturing Division In LPG recovery improvement scheme across Recontact Drum (RCD) loop. Nagothane Manufacturing Division Anti Corrocoat coating is to be applied to all cooling water pumps to improve efficiency. Nagpur Manufacturing Division Replacement of 12 nos. Replacement of MP steam by LP steam in Fluidized Catalystic Cracker (FCC) reactor stripper using thermocompressor. Augmentation of Humidification Systems in Worsted Spinning. the energy loss will be prevented. Reduction in energy consumption by stopping return air blower of POY quenches Air Handling Unit (AHU). . Pacol Compressor motor replacement to avoid the Gear Box resulting in power saving. of regenerations of GHU 1st stage reactor from 4 to 2 regenerations. Preheating for Feed to T-410 column with bottom product is also under consideration. Providing efficient Air Intermingling Jets in TORAY FDY Plant. Hoshiarpur Manufacturing Division Reduction in energy consumption by installation of Uninterrupted Power Supply (UPS) for Plant lighting system. By arresting the Flue gas losses through the by-pass stacks of GT’s and Insulation health check. pin hole and traps. Steam savings by cent rate water heat recovery at PVC. Installation of Variable Frequency Drive (VFD) in Induced Draft (ID) and FD fans of LAB heater. New Partnerships. LAB plant. In PBR2 plant. Installation of Heat Pipe Heat Exchanger (HPHE) in Bertram Heater (Dow Vapor service) and CP6 Heater (Dow Liquid service) of Utility Plant. quantify and control steam leak through valves. centrifugal pumps with high efficiency pumps. under the scheme of routing separator liquid to recovery plus unit. Jamnagar Manufacturing Division (SEZ): Provisions of new 8" bypass line to LP Steam generator S-18 in VGO HT-4 Unit. Patalganga Manufacturing Division Corrocoating of Cooling Water pumps in Energy Center and Utility Plants.

Installation of capacitor on HT circuit leading to improvement in power factor and realized savings of Rs.19 crore approx. 119 lacs per year can be achieved by supplying LP ethylene to VCM from GCU. 7. (Savings: Rs. (c) Impact of measures of (a) and (b) given above for reduction of energy consumption and consequent impact on the cost of production of goods: Allahabad Manufacturing Division Reduction in compressed air consumption due to installation of Awwa nozzles on spinning machines has resulted savings of Rs.5% and heat rate reduction by 2%. 8.85 lacs per year.) Piping / Process modification in Condensate Trim Cooler (EA 1553) heat exchanger scheme to improve energy performance and reliability at CPP&U. 78 lacs per year can be achieved by installation of hydraulic Turbine at EPRU.) Replacing Existing bowed SH modules of HRSG#1 and 2 with drainable and finned super heaters. All the above energy conservation measures has resulted savings of Rs.Reliance Industries Limited 87 GT2 output improvement by 7. One solar light has been installed and commissioned at road side. 92 lacs per year can be achieved by increase in residue gas exchanger area for better heat recovery at Gas cracker plant. 87 lacs per year. (Savings: Rs.46 lacs per annum. 8. (Savings: Rs. (Anticipated Savings: Rs. (Savings: Rs.) Improvement in run length of GHU 1st stage reactor with replacement of catalyst with Ni catalyst at cracker .50 crore approx. 1. 12. This will be achieved by up-rating the gas turbine major components. 2. (Savings: Rs. 3. 53 lacs can be achieved by savings steam by centrate water heat recovery at Poly Vinyl Chloride (PVC) plant. 0.) Reduction in steam and power consumption by reducing the water/Aqueous EO ratio in glycol reactors at MEG plant.) Installation of additional motor driven Boiler Feed Water (BFW) Pump (B-900) and stoppage of BFPT at Cracker plant to achieve energy savings.30 crore approx. Barabanki Manufacturing Division In order to utilize wind energy 45 Eco-ventilators were provided at various locations in the plant to improve the working atmosphere and reduce the heat load.) Provision of Glycol ejector in place of steam ejectors in CP-2/3 at POY plant. Total seven motors were replaced. (Savings: Rs.21 crore approx. outside the main gate. Hazira Manufacturing Division Uprading Gas turbine capability of GT-3 and GT-5 at CPP&U.54 crore approx. Estimated savings worth Rs. This will reduce the refrigeration load on compressors C2R and C3R at Gas cracker plant. Energy savings worth Rs. 2. 4. Savings of Rs. Estimated saving worth Rs. Estimated savings worth Rs. 3.45 crore approx. Fans were provided at Draw line roof. Energy efficient motors were provided at Husk Boiler ESP unit.0 TPH and Reflux flow optimization in REDC column. (Savings: Rs. A Solar system Geyser installed and commissioned at canteen for hot water use.63 lacs per year. Dahej Manufacturing Division Total annual savings worth Rs. (Savings: Rs.89 crore has been achieved on implementation of energy saving schemes as indicated in Section (a). Ware house and DG roof. worth Rs. 46 lacs per year can be achieved by installation of new E 521 exchanger for better heat recovery at MEG plant. 14. (Savings: Rs.05 crore approx. can be achieved by replacing exchanger E 624 which a shell and tube type exchanger with a plate type heat exchanger and rerouting of recycle water through it. 2.91 crore approx.) Increase in PTA-3 PAC power export. 1. 0.93 lacs per annum has been achieved due to recycling of filtered water and cooling water.) Improvement in Waste heat recovery performance of (Make up water heater) MUWH# 3 and MUWH#5 at CPP&U plant.) Maximizing loading on REDC column and minimizing on HB column to reduce SIP consumption by 1. At Nitrogen Plant one line has been fabricated and installed this has resulted into Stoppage of Nitrogen purge compressor. Recovery of heat energy.) Hiboil reflux ratio optimization at VCM plant. Estimated savings worth Rs.13 crore approx.77 crore approx.

1150. Energy savings worth Rs. 970. 450. 0. saving 6 MTD of Fuel gas (saving Rs. Improvement of OX and HA column reboiler heater efficiencies by radiant section online cleaning. saved 4 TPH LP steam (saving Rs. Achieved 2. 2. Fuel saving by load improvement in HRSG 1 and 5. 9. Stopped one no.67 crore / annum).47 crore made by optimizing steam consumption. saving 1 MTD fuel (saving Rs. saving 7 TPH LP Steam (saving Rs. Power saving in LNUU Recycle gas compressor by optimizing Gas to Oil Ratio.7 crore / annum). 4.88 New Businesses. 77. 0. saving power of 150 KWhr (saving Rs. Estimated savings of Rs. Jamnagar (DTA) Manufacturing Division Improvement in heat recovery in Amine Treating Unit4 by replacing shell and tube heat exchanger with new plate. saving 3. 57 lacs were made by taking various energy conservation measures such as Installed inverter for chilled water pump. 534.5 lacs per year can be achieved by re-routing LCGO pump around to stripper re-boiler in Coker-2. Achieved 12.9 lacs per annum). Savings of Rs. 2. Achieved hydrocarbon saving of 31 TPD by recovering all hydrocarbons released to flare header.42 crore approx. 6. 0. reduction of power consumption by 1245 KWhr. 4. There is zero flaring from Main flare now (savings Rs. Jamnagar Manufacturing Division (SEZ) Energy savings worth Rs. Energy savings worth Rs 979. Installation of S03 stripper feed Heat exchanger in CNHT to recover naphtha splitter OVHD stream heat which is going to fin fan cooler A01.5 lacs per annum).82 crore / annum).35 crore / annum).06 crore / annum).84 crore / annum). 5.9 lacs per annum).) Hoshiarpur Manufacturing Division Savings of Rs. 7.2 TPD of fuel savings by running only 3 compressors in utility (savings Rs. 8 and 9 efficiency in DTA Utilities by the replacement of inter-stage coolers with phenolic coated tube bundles in all the compressors one by one.9 lacs per year can be achieved by replacement of MP steam by LP steam in FCC reactor stripper using thermo-compressor.9 lacs per year can be achieved by installing UPS for plant lighting system. (Anticipated Savings: Rs.9 TPD saving of fuel by reducing H2 getting lost in fuel gas (savings Rs. 6. Power saving in HMU-1 due to increase in efficiency of RFG compressor by providing new tube bundle with additional baffles in Inter stage cooler. 1714. Reduction of LP steam consumption by 10 TPH in Amine treating Units by the reduction of lean amine circulation rate (Saving Rs. Propylene Treater Regeneration Sequence Modification in PRU to avoid Propylene loss in Flare at the beginning of regeneration. Improvement of centrifugal air compressor’s 6. saving 14 KWhr power (savings Rs. Estimated savings of Rs. saving power of 50 KWhr (saving Rs. . Steam Leak reduction by survey across the complex conducted by energy cell. reduction of flare loss by 1 MTD (saving Rs.4 TPD (Rs. 701. Optimization of Coker FGRS system to reduce MP steam consumption by 1. exhaust blower of Draw Machine # 3. Achieved 18.215 crore / annum). 0.7 lacs per year can be achieved by stopping return blower of POY quench AHU. New Partnerships. Estimated savings of Rs. Reduction in specific power consumption in Draw Machine # 2 & 5.02 crore / annum). plant and reducing no. 0.23 crore / annum).7 lacs per annum). 0.1 TPD savings of fuel by recovery of regeneration gases by routing them to LLP flare (savings Rs. (saving Rs.frame type rich/lean amine heat exchanger.2 lacs per year can be achieved by installing inverter on Raw water/ Cooling water pump. Power saving by stopping of one out of two in Tatoray stripper bottom pumps.95 crore / annum).6 lacs per year) of fuel by providing a bypass to LP steam generator can be achieved. 4.64 crore / annum).25 TPH and Flare loss reduction by 6 Month Till Date (MTD) (saving Rs.91 crore / annum). 2. An estimated energy saving quantity of 26. of regenerations of GHU 1st stage reactor from 4 to 2 regenerations. 2.3 lacs per year has been achieved by reducing LP steam dumping from 84 to 50 TPH.47 MTD of Fuel Gas (saving Rs. New Technologies.

Processing of cheaper and heavier varieties of crude to widen the crude blends window.7 per KWH) Reduced steam consumption by Installation of New Plug flow Steamer (FB501) for hydrocarbon stripping from PP powder. 33 lacs/annum. Thus. blocking of 4 burner blocks in H-106 helped in reducing the excess O2 in flue gas from 4 to 2. TECHNOLOGY ABSORPTION (e) Efforts made in technology absorption . Estimated Energy Saving worth Rs. 81. Vadodara Manufacturing Division Savings realized due to blocking of muffle burner block in Hot Oil heater of LAB plant. Estimated Energy Saving worth Rs. total Energy savings worth Rs.as per Form B given below: Form B Research and Development (R&D) 1. (d) Total energy consumption and energy consumption per unit of production as per Form ‘A’ attached hereto. 83.400 per MT the annual savings is Rs. 16.33 lacs per year can be achieved by Gas Conversion of Stenters in Menswear Process House from Gas Fired Thermic Fluid Heating. Estimated saving worth Rs. B. In addition to that stack damper adjustment of EDC cracker furnace has lead to Rs.60 lacs per year has been achieved by replacement of 2 nos. (Power savings is 2.16 lacs per year achieved by chemical cleaning of Convection Bank Tubes in Paraxylene Heater (D5001). Propylene yield improvements and benzene reduction in refining. Bore-well Pumps with Energy Efficient Pumps. 2. (Steam savings is 300 Kgs per Hour. 1. Energy savings worth Rs.51 lacs per year. 161 lacs have been realized. Savings of Rs. 12 lacs per year can be achieved by replacement of 12 nos. Patalganga Manufacturing Division Energy savings worth Rs. 0. 30 lacs per year can be achieved by installation of HPHE exchanger in Bertram and CP 6 Dow heaters.0 lacs per year achieved due to reduced energy consumption by replacement of Vertical Turbine pump with Submersible pump at River Intake Well resulting in stoppage of water lubrication pump.10 lacs per year has been achieved by stopping the DM water pump supplying water to process plants.3 lacs per year can be achieved by routing vent gases from degassing column to FG header.2. 45 lacs/annum have been realized. 62. 40 lacs saving.7 per KWH ) Stopping of both vent absorber (C-05 and C-20) tails pump (P-95 and P-56) by rerouting of tails to stripper through different nozzle and utilize stripper vacuum has resulted energy saving worth Rs. 4.19 lacs per year has been achieved by efficiency improvement on Corrocoating of Cooling water pumps in LAB and PTA plants. (Power Savings is 30 KW per Hour @ Rs.30 lacs per year can be achieved by providing efficient Intermingling Jets in TORAY FDY plant. Selection of lower cost FCC catalysts and additives for improved conversion and yields. Nagothane Manufacturing Division Energy savings worth Rs. savings to the tune of Rs. .Reliance Industries Limited 89 Energy savings worth Rs. Energy Saving worth Rs. This has achieved energy savings worth Rs. 10. Energy Saving worth Rs.10.51 lacs) Naroda Manufacturing Division Energy savings worth Rs. Likewise. Nagpur Manufacturing Division Savings of Rs.6 KW per hour @ Rs. 47.5 lacs per year achieved due to reduced energy consumption by replacement of old Beacon make Chilled Water Pumps with Grundfos make new energy efficient pumps –Two Nos. Considering a cost of Rs.34 lacs per year can be achieved by augmentation of Humidification Systems in Worsted Spinning.67 lacs per year can be achieved by replacing Old Inefficient Electrical Motors by Energy Efficient Motors. 7. Energy savings worth Rs. centrifugal pumps with high efficiency pumps.4% and a saving of Rs. Specific areas in which the research and development (R&D) is being carried out by the Company Development of in-house additives for increase in propylene yield in fluidized catalytic cracker (FCC).61 lacs per annum.

New Technologies. . low melt polyester. Studies to produce good quality feedstock for carbon black industry. Future plan of action Hydro-processing catalyst development and evaluation. Creation of coker pilot plant / related facilities. Development of yarn from alternate polyester (Polytrimethylene terephthalate. Development of model for simulated moving bed processes. Chemical and microbial treatment of effluent water. Desalter operation improvements. Rs.12 crore/annum saved on design and downtime costs in refinery coker heater through CFD modeling. Development of clarifiers for PP grades. 35 crore/annum by demonstrating capability to process additional coker LPG in the refinery propylene recovery unit. Polymer based specialty products development. Development of PET with new additive for cost reduction and color improvement. Barrier property enhancement for polyethylene terephthalate (PET) resin. Benefits derived as a result of the above R&D Potential benefit of Rs. Development of PolyVinyl Chloride (PVC) separation techniques in PET recycling. low cost flame retardant polyester . New Partnerships. Development of high performance additives for polyolefins. Development of catalysts for polymerization of ethylene and butadiene. 20 crore/annum from additional propylene recovery in the FCC unit in refinery. Development of process for widening of crude window. Productivity enhancement through polymer modification. 3. 50 crore/annum for additional extraction of benzene from light reformate. New co-catalyst systems for enhancing bottlegrade resin productivity. Potential benefits of ~ Rs. Development of anti-pill polyester. 58 crore/annum from polyester R&D projects. Polyolefin inorganic precursor technology development. Rs. Polypropylene quality control. Development of morphologically controlled catalyst for producing HDPE grades. Homogeneous catalysis for specific organic synthesis. Development of reactor grade thermo plastic olefins (TPO). low antimony/antimony free polyester. and super micro denier polyester staple fiber. Molecular compositional blending models. Rs. Polybutylene terephthalate). High performance polypropylene (PP) homo and impact copolymers (ICP) grades catalyst technology. which also helped in reducing the benzene content of gasoline in refinery. Indigenous spin finish development for various products. Computational fluid dynamics (CFD) studies for plant trouble shooting. Heterogeneous catalysis for hydrocarbon transformations. Catalyst development for improving FCC profitability. Development of catalytic process for on purpose 1-hexene. Development of high flow high stiffness PP grades. Coker streams processing in FCC.90 New Businesses. full dull/cotton look polyester fiber. hollow and bulky fibers. 2. Development of adsorbents and adsorption processes. elastic polyester. Development of dehydrogenation catalyst for linear alkyl benzene (LAB). Asbestos replacement in cement sheets.

Capital 202 . Technical support for marketing of FCC spent catalysts.21 Total R & D expenditure is 0. Development of extrusion blow moulding grade PET.2% of total turnover. Development of reforming catalyst for xylenes production. Development of super absorbent polymers. Expenditure on R & D Rs. Micro-meso porous and nano-materials for catalysis applications. adoption and innovation: Selection of better catalysts and additives for FCC using pilot plant facilities. Development of transalkylation catalyst for production of C8 aromatics. Development of PP grades for foamed products. adoption and innovation Efforts. Anticoking additives for thermal cracking of hydrocarbons. crore a) b) c) d) 1. Functionalized polybutadiene rubber (PBR) based rubber products. Adsorbent change in paraxylene plants. . Enhancing butene recovery in solution polymerization PE plant. Enhancing propylene recovery in refinery. Development of ‘New generation spinnerets’ for 4.Reliance Industries Limited 91 High throughput facilities for catalyst development and evaluation. Up-scaling of moisture management yarns. Enhancing low density polyethylene (LDPE) plant capacity. Inorganic materials from spent catalysts. Improvement of productivity/tenacity in super high tenacity polyester. productivity increase enhancements. Exploring the application of polyester in various segments/products. made towards technology absorption. Development of alternate co-catalyst for producing high density polyethylene (HDPE). Oxidation catalysis.33 Total 517. CFD studies for reliability improvement. Adsorbent for separation of xylene isomers form C8 aromatics. Advanced catalyst characterization facilities. Development of specialty PP grades for foamed products. High capacity revamps in paraxylene plants. Innovative method for increasing benzene /olefin ratio in alkylation at linear alkyl benzene (LAB) plant. Technology development for processing cheaper and heavier crudes to widen the crude blends window. Process for purified terephthalic acid (PTA) from inexpensive raw material. Process for chlorination of polyvinyl chloride (PVC) to produce chlorinated polyvinyl chloride (CPVC). and functional Development of eco-friendly/green partially oriented yarn (POY). Linear low density polyethylene (LLDPE) plant capacity enhancement by innovative methods. Implementation of newly developed polyester bottle grade co-catalyst for fiber and filament application. Development of ethyl benzene dealkylation catalyst for aromatics plant. Microbial and photocatalytic processes for effluent treatment. Improve quality of polymer grade butene. Molecular characterization of crude and refinery streams. Food grade hexane (FGH) and polymer grade hexane (PGH). in brief. Technology absorption.88 Revenue 314. Reduction of impurities in propylene stream. Specialty chemicals from C8 olefin mixture streams.

83 1.92 New Businesses.41 c .746.365.46.28 1.189. Development of super micro denier polyester staple fibre. 2. 3 crore on additional sales of FCC spent catalyst. crore a b Total Foreign Exchange Earned Total savings in Foreign Exchange through products manufactured by the Company and deemed Exports ( US$ 12. New Partnerships. New Technologies. Information regarding Imported Technology Technology import from Year of import Status implementation / absorption Successfully absorbed and implemented. Increased productivity and color enhancement through commercialization of new co-catalyst on continuous bottle-grade resin plants.95. the Company has exports (FOB value) worth Rs. (g) Total Foreign exchange earned and used Rs. 32 crore/annum from polyester R&D projects. Development of environment friendly ‘silicone spray system’ for wiping of spinnerets. Polyester staple fiber (PSF) based product to improve the shelf life of fruits and vegetables in ambient storage conditions. Benefits of ~ Rs. Startup of bottle to bottle (B2B).667 crore (US$ 32. Potential benefit of ~ Rs. Low shrinkage industrial yarn through in-house hardware modification. During the year. 1. Debottlenecking of polyester filament yarn (PFY) machines for super coarse deniers. initiatives to increase exports. Development of high shrink PSF. Production of dope dyed PSF through recycle route. 3. PET recycling project. Reduction in import of low sulphur residue feedstock in refinery. Developments of new export markets for Products and Services and Export Plan The Company has continued to maintain focus and avail of export opportunities based on economic considerations. FOREIGN EXCHANGE EARNINGS AND OUTGO (f) Activities relating to export.86.40. Germany C.375. Spinning productivity enhancement through application of in-house developed technology.66 Million) sub total (a+b) Total Foreign Exchange used 1. 167 crore/annum by high capacity revamps and adsorbent change in paraxylene plants.889 million). Rs. In-house technology development for anti pill polyester. Product Recycled OHL 2010-11 PET Engineering GMBH PET Recycling Technologies. Improved and low cost spin finish development for polyester products.557.55 55. Benefits derived as a result of the above efforts Increase in propylene yield with new catalyst based on pilot plant studies.

50 4. Furnace Oil Quantity ( K.) Internal Fuels consumed 5.38 55.860.56 37.033.26 4.54 ** 4.10 776.98 5.896.326.72 4.70 3.39 27.475.39 2.09 10.75 8.Reliance Industries Limited 93 Form ‘A’ Form for disclosure of particulars with respect to conservation of energy Part ‘A’ Power & Fuel Consumption 1.Ltrs ) # Excluding Demand Charges ** Restated to reflect current year method Current Year 3.54 831.51 11.880.Ltrs ) Total Cost ( Rs.800.) 2) Through Steam Turbine/Generator Units ( Lacs ) KWH per unit of fuel Fuel Cost/Unit (Rs. In crores ) Average rate per Ltr.53 149.35 .413.Ltrs ) Total Cost ( Rs.91 4.45 2.052.04 47. In Crores ) # Rate/Unit (Rs. Gas Quantity ( 1000 M3 ) 6.90 3. In crores ) Average rate per MT (Rs.93 ** 1. Diesel Oil Quantity ( K.337.06 32.04 22. In crores ) Average rate per 1000M3 ( Rs ) (b) Coal / Husk / Wood Fire Quantity Total Cost ( Rs.193.140. In crores ) Average rate per Ltr. Others (a) Gas Quantity ( 1000 M3 ) Total Cost ( Rs.015.17 6.256. In Crores ) Cost/Unit (Rs.37 199.) c) Own Generation 1) Through Diesel Generator Units ( Lacs ) KWH per unit of fuel Fuel Cost/Unit (Rs.621.) # b) Generation through captive power facilities 1) Through Steam Turbine/Generator Units ( Lacs ) KWH per unit of fuel Total Cost ( Rs.717.33 32.28 20.63 3.89 4.88 54.01 5.353.35 144.30 8.43 3.047.24 92.98 5.574.( Rs ) 4.95 26.887.83 55.781.484.997.692.33 4.62 3.16 5.06 4.62 2.273.596.611.54 186.71 2.81 24.( Rs ) 3.22 2.97 Previous Year 3.85 52.19 134.361.717.25 949.) 3) Through Wind Mill Turbine Units ( Lacs ) Purchased Fuels consumed 2.08 2.53 4.92 4.882. GT fuels Quantity ( K.00 9. Electricity a) Purchased Units ( Lacs ) Total Cost ( Rs.

2011 . The compliance of conditions of Corporate Governance is the responsibility of the Management.: 31467 Mumbai April 21. For Chaturvedi & Shah For Deloitte Haskins & Sells Chartered Accountants Chartered Accountants (Registration No. B. It is neither an audit nor an expression of opinion on the financial statements of the Company. as stipulated in Clause 49 of the Listing Agreement of the said Company with stock exchanges.613 484 Previous Year 4. Chartered Accountants (Registration No. New Partnerships. Siddharth Partner For Rajendra & Co. Ambani Chairman and Managing Director April 21. 117366W) D. 108355W) A. for the year ended on 31st March 2011.:47166 Membership No. R.704 708 357 307 600 454 438 563 302 587 251 209 75 612 2. Shah Partner Membership No. we certify that the Company has complied with the conditions of Corporate Governance as stipulated in Clause 49 of the above-mentioned Listing Agreement. 2011 Auditors’ Certificate on Corporate Governance To the Members. Chaturvedi Partner A. Reliance Industries Limited We have examined the compliance of conditions of Corporate Governance by Reliance Industries Limited. 101720W) (Registration No. We state that such compliance is neither an assurance as to future viability of the Company nor of the efficiency or effectiveness with which the management has conducted the affairs of the Company. In our opinion and to the best of our information and according to the explanations given to us and based on the representations made by the Directors and the Management.574 479 Furnace Oil/ HSD/ HFHSD (Ltrs) Current Year 1 2 13 8 1 81 5 1 - LSHS (Kgs) Gas (SM3) Current Previous Year Year 473 88 92 12 306 66 31 17 61 48 74 366 78 506 79 (64) 475 75 81 9 263 52 34 19 55 109 75 315 73 512 89 (54) Previous Current Previous Year Year Year 2 12 21 2 27 42 40 9 1 5 2 2 16 11 (7) 8 1 3 1 1 13 5 - For and on behalf of the Board of Directors Mukesh D. Consumption per unit of Production Product Electricity (KWH) Current Year Fabrics ( Per 1000 mtrs) PFY (per MT) PSF (per MT) PTA (per MT) LAB (per MT) MEG (per MT) PVC (per MT) HDPE (per MT) PP (per MT) FF (per MT) PET (per MT) PX (per MT) Petro-products (per MT) PBR (per MT) Caustic Soda (per MT) Acrylonitrile (per MT) 4.969 700 357 305 610 458 429 567 309 666 270 208 73 646 2. New Technologies.: 5611 Membership No. Our examination has been limited to a review of the procedures and implementation thereof adopted by the Company for ensuring compliance with the conditions of the Corporate Governance as stipulated in the said Clause.94 New Businesses.

No.Reliance Industries Limited 95 Persons constituting group coming within the definition of “group” for the purpose of Regulation 3(1)(e)(i) of the Securitities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Name of the Entity Aavaran Textiles Private Limited Anuprabha Commercials Private Limited Deccan Finvest Private Limited Ekansha Enterprise Private Limited Farm Enterprises Limited Futura Commercials Private Limited Jagadanand Investments And Trading Company Private Limited Jagdishvar Investments And Trading Company Private Limited Kankhal Investments And Trading Company Private Limited Kardam Commercials Private Limited Kedareshwar Investments And Trading Company Private Limited Krish Commercials Private Limited Kshitij Commercials Private Limited Madhuban Merchandise Private Limited Neutron Enterprises Private Limited Nitya Priya Commercials Private Limited Pams Investments And Trading Company Private Limited Petroleum Trust Priyash Commercials Private Limited Reliance Aromatics and Petrochemicals Limited Reliance Chemicals Limited Reliance Consolidated Enterprises Private Limited Reliance Consultancy Services Private Limited Reliance Energy and Project Development Limited Reliance Global Commercial Limited Reliance Industrial Infrastructure Limited Reliance Petroinvestments Limited Reliance Polyolefins Limited Reliance Ports and Terminals Limited Reliance Universal Commercial Limited Reliance Universal Enterprises Limited Reliance Utilities and Power Private Limited Reliance Utilities Private Limited S. include the following: S. No. 1997. 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 Name of the Entity Reliance Welfare Association Sanatan Textrade Private Limited Saumya Finance And Leasing Company Private Limited Silvassa Hydrocarbons And Investments Private Limited Sudarshan Enterprises Synergy Synthetics Private Limited Terene Industries Private Limited Vita Investments and Trading Company Private Limited Abhayaprada Enterprises LLP Adisesh Enterprises LLP Ajitesh Enterprises LLP Badri Commercials LLP Bhuvanesh Enterprises LLP Chakradev Enterprises LLP Chakradhar Commercials LLP Chakresh Enterprises LLP Chhatrabhuj Enterprises LLP Devarshi Commercials LLP Harinarayan Enterprises LLP Janardan Commercials LLP Kamalakar Enterprises LLP Karuna Commercials LLP Narahari Enterprises LLP Pavana Enterprises LLP Pitambar Enterprises LLP Rishikesh Enterprises LLP Samarjit Enterprises LLP Shripal Enterprises LLP Srichakra Commercials LLP Svar Enterprises LLP Taran Enterprises LLP Tattvam Enterprises LLP Trilokesh Commercials LLP Vasuprada Enterprises LLP Vishatan Enterprises LLP .

Financial Statements & Notes . New Partnerships.96 New Businesses. New Technologies.

Profit and Loss Account and Cash Flow Statement dealt with by this report are in compliance with the Accounting Standards referred to in sub–section (3C) of Section 211 of the Companies Act.: 31467 Mumbai April 21. Shah Partner Membership No. An audit includes examining.:47166 b) c) d) e) . 2011 and taken on record by the Board of Directors.Reliance Industries Limited 97 Auditors’ Report To the Members of Reliance Industries Limited 1. 101720W) (Registration No. For Chaturvedi & Shah For Deloitte Haskins & Sells Chartered Accountants Chartered Accountants (Registration No. 2011. We have audited the attached Balance Sheet of RELIANCE INDUSTRIES LIMITED as at March 31. 2011. 108355W) 2. D. so far as appears from our examination of those books. We believe that our audit provides a reasonable basis for our opinion. of the profit for the year ended on that date. Chartered Accountants (Registration No. Siddharth Partner Partner Membership No. and (iii) in the case of the Cash Flow Statement. As required by the Companies (Auditor’s Report) Order. in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: (i) in the case of the Balance Sheet. on a test basis. f) In our opinion and to the best of our information and according to the explanations given to us. we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order. as well as evaluating the overall financial statement presentation. the Profit and Loss Account and the Cash Flow Statement for the year ended on that date annexed thereto. 1956. 3. Profit and Loss Account and Cash Flow Statement dealt with by this report are in agreement with the books of account. On the basis of written representations received from the Directors as on March 31. An audit also includes assessing the accounting principles used and significant estimates made by management. 1956. the Balance Sheet. The Balance Sheet. 2011 A. We conducted our audit in accordance with the Auditing Standards generally accepted in India. of the cash flows for the year ended on that date. 2011 from being appointed as a director in terms of clause (g) of sub – section (1) of Section 274 of the Companies Act. These financial statements are the responsibility of the Company’s management. we report that none of the Directors is disqualified as on March 31. In our opinion. 4. evidence supporting the amounts and disclosures in the financial statements. R. 1956. as required by law.: 5611 Membership No. proper books of account. Chaturvedi A. of the state of affairs of the Company as at March 31. Our responsibility is to express an opinion on these financial statements based on our audit. In our opinion. have been kept by the Company. Further to our comments in the Annexure referred to in paragraph 3 above. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. 1956. we report that: a) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit. (ii) in the case of the Profit and Loss Account. 117366W) For Rajendra & Co. 2003 issued by the Central Government of India in terms of sub-section (4A) of Section 227 of the Companies Act. the said accounts read together with the Significant Accounting Policies and notes thereon give the information required by the Companies Act.

196. undisputed statutory dues including Provident Fund. 1956: (a) In our opinion and according to the information and explanations given to us. 2011 for a period of more than six months from the date of becoming payable. Excise Duty. Companies Act. The Central Government has prescribed maintenance of cost records under Section 209 (1) (d) of the Companies Act. which in our opinion is reasonable. c) In our opinion. 1956. Service Tax. 7. the provisions of Clause (vi) of paragraph 4 of the Order are not applicable to the Company. and other statutory dues have been generally regularly deposited with the appropriate authorities. granted or taken by the Company to / from companies. Employees’ State Insurance. As explained to us. having regard to the size of the Company and nature of its assets. firms or other parties covered in the register maintained under Section 301 of the Companies Act. Wealth Tax. Therefore. the prescribed accounts and records have been made and maintained. 5. 1956 and exceeding the value of Rs. Investor Education and Protection Fund. In our opinion. New Partnerships. that prima facie. no undisputed amounts payable in respect of the aforesaid dues were outstanding as at March 31. Customs Duty. there is an adequate internal control system commensurate with the size of the Company and the nature of its business for the purchases of inventory and fixed assets and for the sale of goods and services. the frequency of verification is reasonable. the requirements of Clauses (iii) (f) and (iii) (g) of paragraph 4 of the Order are not applicable. (b) In our opinion and according to the information and explanations given to us. the same are repayable on demand and therefore the question of overdue amounts does not arise. the maximum amount outstanding at any time during the year was Rs. secured or unsecured. In respect of interest. are not prima facie prejudicial to the interest of the Company. We have not.07 crore. Income-Tax. we have not observed any continuing failure to correct major weaknesses in internal control system. c) The principal amounts are repayable on demand and there is no repayment schedule. there were no material discrepancies noticed on physical verification of inventories as compared to the book records. In respect of the loans. the transactions made in pursuance of contracts / arrangements entered in the Register maintained under section 301 of the Companies Act. 1956 in respect of certain manufacturing activities of the Company. c) The Company has maintained proper records of inventories. the transactions made in pursuance of contracts or arrangements that need to be entered in the register maintained under Section 301 of the Companies Act. the procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business. 3. Consequently. In our opinion. the Company has not disposed off a substantial part of its fixed assets during the year and the going concern status of the Company is not affected. 6. We have broadly reviewed the accounts and records of the Company in this connection and are of the opinion. 2. In respect of its fixed assets: a) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets on the basis of available information. According to the information and explanations given to us. carried out a detailed examination of the same. In respect of the said loans. During the course of our audit. In respect of its inventories: a) The inventories have been physically verified during the year by the management. all the fixed assets have been physically verified by the management in a phased periodical manner. however. Amounts due and outstanding for . Sales Tax.997. b) In our opinion and according to the information and explanations given to us. No material discrepancies were noticed on such physical verification. New Technologies. 1956 have been so entered. b) In our opinion and according to the information and explanations given to us.000 in respect of each party during the year have been made at prices which appear reasonable as per information available with the Company. d) In respect of the said loans. e) The Company has not taken any loan during the year from companies.98 New Businesses. there are no overdue amounts. b) As explained to us. 8.00. 6. the Company has not accepted any deposit from the public. Cess. the rate of interest and other terms and conditions of the loans given by the Company. the Company has an internal audit system commensurate with the size and nature of its business. In respect of statutory dues: a) According to the records of the Company. 7. firms or other parties covered in the Register maintained under Section 301 of the 4. In our opinion and according to the information and explanations given to us. According to the information and explanations given to us. Annexure to Auditors’ Report Referred to in Paragraph 3 of our report of even date 1. The interests is payable on demand. 5. In respect of the contracts or arrangements referred to in Section 301 of the Companies Act.72 crore and the year-end balance is Rs. 9. 1956: a) The Company has given loans to two subsidiaries.

17. 12. The Company has maintained proper records of the transactions and contracts in respect of dealing or trading in shares.91 85. 1. The Company has not made any preferential allotment of shares to parties and companies covered in the Register maintained under Section 301 of the Companies Act. 1961 Central Excise Act. 7. Based on our audit procedures and according to the information and explanations given to us.: 5611 Membership No. 16. The Company has not incurred cash losses during the financial year covered by the audit and in the immediately preceding financial year.50 3. 1944 Amount (Rs in crore) 605. Therefore. we are of the opinion that the terms and conditions thereof are not prima facie prejudicial to the interest of the Company.74 10. 15. Siddharth Partner Partner Membership No. debentures and other investments and timely entries have been made therein. debentures and other securities. banks and debenture holders. In our opinion. 1956. securities. securities. 117366W) (Registration No. For Chaturvedi & Shah For Deloitte Haskins & Sells For Rajendra & Co. debentures and other investments have been held by the Company in its own name. 2011 A. Chartered Accountants Chartered Accountants Chartered Accountants (Registration No. The Company has created securities / charges in respect of secured debentures issued.11 0. The Company has raised new terms loans during the year. have not been considered. Name of the Statute Income Tax Act.:47166 .81 crore. Shah Partner Membership No.201. 1956 and VAT and Sales Tax Acts Entry Tax of various states 34. the provisions of clause (xiii) of paragraph 4 of the Order are not applicable D. 20. The disputed statutory dues aggregating Rs. The Company does not have accumulated losses at the end of the financial year.90 4.61 394. which are held in abeyance due to pending legal cases. According to the information and explanations given to us. 18.89 Supreme Court Central Excise & Service Tax Appellate Tribunal to the Company. All shares. 19. In our opinion and according to the information and explanations given to us. the Company is not a chit fund / nidhi / mutual benefit fund / society. no material fraud on or by the Company has been noticed or reported during the year.Reliance Industries Limited 99 Annexure to Auditors’ Report Referred to in Paragraph 3 of our report of even date b) a period exceeding 6 months as at March 31. R. Central Sales Tax Sales Tax/ Act. According to the information and explanations given to us and on an overall examination of the Balance Sheet of the Company. 108355W) TOTAL 1201. 1962 Custom Duty 34. Chaturvedi A. we are of the opinion that the Company has not defaulted in repayment of dues to financial institutions.: 31467 Mumbai April 21. Customs Act. In our opinion and according to the explanations given to us and based on the information available. 2011 to be credited to Investor Education and Protection Fund of Rs. 16. 21. The term loans outstanding at the beginning of the year and those raised during the year have been applied for the purposes for which they were raised. No 1. 101720W) (Registration No.41 29.74 crore that have not been deposited on account of disputed matters pending before appropriate authorities are as under: Nature of the Dues Income-Tax (TDS) / Penalties Excise Duty and Service Tax Sr. 11. 13.41 Period to which the amount relates Various years from 2007-08 to 2009-10 Various years from 1995-96 to 2010-11 Various years from 1991-92 to 2009-10 Various years from 1991-92 to 2009-10 Various years from 1993-94 to 2009-10 Various years from 1997-98 to 2009-10 2007-08 2005-06 and 2007-08 Forum where dispute is pending Commissioner of Income-Tax (Appeals) Commissioner of Central Excise (Appeals) Central Excise & Service Tax Appellate Tribunal Joint/Deputy Commissioner/ Commissioner (Appeals) Sales Tax Appellate Tribunal High Court 2. The Company has given guarantees for loans taken by Others from banks and financial institutions. The Company has not raised any monies by way of public issues during the year. 14. no loans and advances have been granted by the Company on the basis of security by way of pledge of shares. we are of the opinion that there are no funds raised on short-term basis that have been used for longterm investment.

19 62.D.V.48.60 37. Bhakta Y.80 As at 31st March.M.964.M.545.604. Trivedi Directors Dr.321.37 1.414.591. Chaturvedi Partner A.30.43 40. Modi Prof.83 21.50 50.134.37 1.462. Dipak C.706. Shah Partner Mumbai April 21.900.30 2.10 36.926. in crore) Schedule SOURCES OF FUNDS Shareholders’ Funds Share Capital Reserves and Surplus Loan Funds Secured Loans Unsecured Loans Deferred Tax Liability TOTAL APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block Capital Work-in-Progress Investments Current Assets.849.88 10.498.62 ‘H’ ‘I’ D.80 ‘N’ ‘O’ For and on behalf of the Board M.R.571.33 91.42.563.94 27.660.50 16.22 62.398.819.R.825.825.71 23.940. Reliance Industries Limited Balance Sheet as at 31st March. Jain 2.824.S.55.27 2.51.498.12 4.37.273. Prasad R. 2011 3. Loans and Advances Current Assets Inventories Sundry Debtors Cash and Bank Balances Other Current Assets Loans and Advances Less: Current Liabilities and Provisions Current Liabilities Provisions Net Current Assets TOTAL Significant Accounting Policies Notes on Accounts As per our Report of even date For Chaturvedi & Shah Chartered Accountants For Deloitte Haskins & Sells Chartered Accountants For Rajendra & Co.657.56 ‘F’ ‘G’ 29.97 78.60 1.82 1.23 2.266.83 49.P.21 13. Meswani P.24 1.40 3.195.71 62.33.540.61 11.60 ‘A’ ‘B’ ‘C’ ‘D’ ‘E’ 2.270.40 52.21. Ambani M.259.561.47 67. 2011 (Rs.65 91.80 2.68 11.54 26.R.228.47 12.38 17.651.379.L.03 37.670. Ambani Chairman & Managing Director N.138.220.32 10. 2010 3.10.601.86 199. New Technologies. 2011 V.526.30. Kapur M. Meswani Executive Directors H.P.62 11.H.565.53.95 1.50 1. Ambani Company Secretary } } .100 New Businesses. D.981.396.69 10.82 1.591.15.441.89 12.170.10.494.32 74.864. Ashok Misra Prof.183. New Partnerships.21 56. Siddharth Partner A.48 54.251.65.541. Chartered Accountants As at 31st March.

241.222.86 62.051.54.29.77 2.399.607. Meswani P.771.31 2.384. Ashok Misra Prof.464.461.05 2.D.00 3. Schedule ‘O’] 2. Chaturvedi Partner A.633.24 ‘L’ ‘M’ 25.M.R.75 13.52 Profit before Tax Provision for Current Tax Provision for Deferred Tax Profit after Tax Add: Balance brought forward from Previous Year Amount Available for Appropriations APPROPRIATIONS General Reserve Debenture Redemption Reserve Proposed Dividend on Equity Shares Tax on Dividend Balance Carried to Balance Sheet Basic and Diluted Earnings per Share of face value of Rs.619.62.41 4.620. Siddharth Partner A.823.327.11.997.000. 2011 (Rs.32 3.89 1.980.92.S.869.M. Bhakta Y.V. Modi Prof.235. Trivedi Directors Dr.45 25.79 20.999.242.02 2.89 6. Jain D.000.23 2.L. Chartered Accountants Schedule INCOME Turnover Less: Excise Duty / Service Tax Recovered Net Turnover Other Income Variation in Stocks EXPENDITURE Purchases Manufacturing and Other Expenses Interest and Finance Charges Depreciation Less: Transferred from Revaluation Reserve [Refer Note 4.58 2.513.65 ‘N’ ‘O’ For and on behalf of the Board M.90 18.170.995.75 16.45 49.77 1.00 2.82 1. Ambani M.R.243. Kapur M.481. D.01 2.P.P.86 14.98.44 3.320. Dipak C.44 635.76 1.00.477.15 ‘J’ ‘K’ 2010-11 1.67 346.Reliance Industries Limited 101 Reliance Industries Limited Profit and Loss Account for the year ended 31st March.832.947.33 2.651.496.384.285. Shah Partner Mumbai April 21.H.999.79 7.938. in crore) 2009-10 2.48 10.50 20. Ambani Company Secretary } } .111.084.460.321.53 1.67 5.24 4. Schedule ‘O’] Significant Accounting Policies Notes on Accounts As per our Report of even date For Chaturvedi & Shah Chartered Accountants For Deloitte Haskins & Sells Chartered Accountants For Rajendra & Co.71 3.58. 2011 V.00 189. Ambani Chairman & Managing Director N. Prasad R.50 2.99 386. Meswani Executive Directors H.23 1.78.00 16.19 21.30 4.15 10.286.21 13.62 16.01 2.R.200. 10 each (in Rupees) [Refer Note 14.00 16.547.48.464.

46) 2.41) 1.67) 113.004.175.41 (18.00 (2.223.74 2.301.997.144.76) 9. in crore) 2010-11 A: CASH FLOW FROM OPERATING ACTIVITIES: Net Profit before tax as per Profit and Loss Account Adjusted for: Net Prior Year Adjustments Investment written off (net) Loss on Sale / Discarding of Fixed Assets (net) Depreciation Transferred from Revaluation Reserve Effect of Exchange Rate Change Profit on Sale of Current Investments (net) Dividend Income Interest / Other Income Interest and Finance Charges Operating Profit before Working Capital Changes Adjusted for: Trade and Other Receivables Inventories Trade Payables Cash Generated from Operations Net Prior Year Adjustments Taxes Paid Net Cash from Operating Activities B: CASH FLOW FROM INVESTING ACTIVITIES: Purchase of Fixed Assets Sale of Fixed Assets Deposit Received Purchase of Investments Sale of Investments Movement in Loans and Advances Interest Income Dividend Income Net Cash used in Investing Activities (12.75) (833.22 2.948.102 New Businesses.83 33.417.843.66 37.620.57.081.53 69.379.477.42) (238.41) (2.861.874.48) (1.47) (2.40 (20.540.204.66 16.19 (1.366.62 12.48) 23.573.01 2.79) 2.21 8.280.477.35 18.98) (12.327.90 1.332.942.487.242.12) 241.633.51 (1.97.201.90) 14.24 20.45 (5.11) 1.89) 2. New Partnerships.98.241. New Technologies.17 2.01 (2.40 (5.327.204.44 2009-10 .94) 20.108.490.00) 33.32) (2.37) (339.52 (7.55 28.88) (21.50) (6.35) (3.35 (2. Reliance Industries Limited Cash Flow Statement for the year 2010-11 (Rs.33 (2.866.38 0.93 2.329.43.28) (2.57 9.99 25.547.83) (4.60 13.660.40) (2.837.474.980.45 37.626.

91) (2. Jain } } .713.86) (2. Ambani M.64) 6.15 (2.219.598.430.531.M. 17.64 (11.53 13.Reliance Industries Limited 103 Cash Flow Statement for the year 2010-11 (Contd.08) 724. Meswani P.L. Shah Partner Mumbai April 21.588.M.57 4.54 6. Trivedi Directors Dr.65 27.672. Bhakta Y.45) (3.462.60) (8.22) (234.21 13.134. Chartered Accountants D.25) (10. Kapur M. As per our Report of even date For Chaturvedi & Shah Chartered Accountants For Deloitte Haskins & Sells Chartered Accountants For Rajendra & Co. Ambani Company Secretary For and on behalf of the Board M. Meswani Executive Directors H. Dipak C.86 crore) have been converted into investments in Equity / Preference Shares.H.411. in crore) 2010-11 C: CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from Issue of Share Capital Proceeds from Long Term Borrowings Repayment of Long Term Borrowings Short Term Loans Dividends Paid (including dividend distribution tax) Interest Paid Net Cash from / (used in) Financing Activities Net Increase / (Decrease) in Cash and Cash Equivalents Opening Balance of Cash and Cash Equivalents Closing Balance of Cash and Cash Equivalents 192.48 (5.00 crore (Previous Year Rs. 196.P. Ashok Misra Prof.999.V.P.R.D. D.65 2009-10 Note : Share application money given to Subsidiary / Associate aggregating to Rs.R. Modi Prof. Chaturvedi Partner A.) (Rs.57 13. Siddharth Partner A.86 53. 2011 V.88) 22.R.920.530.S. Prasad R.780.176. Ambani Chairman & Managing Director N.462.

270.00 6.03.244 (Previous year 13. During the year. 3. 929/.74.33.273.91.000.000.00.200 options at a price of Rs. New Partnerships. The Company has reserved issuance of 13.37 3.000) 100.982) 45.922.000 Preference Shares of Rs.892) Equity Shares of Rs.648 (Previous Year 5.000 Equity Shares of Rs.00 1.78. 3.273.00 (Rs. Schedules forming part of the Balance Sheet SCHEDULE ‘A’ SHARE CAPITAL As at 31st March.63.104 New Businesses.04.04.000) 5.270.27.60.85. Shares out of the issued and subscribed share capital were allotted pursuant to the various Schemes of amalgamation without payments being received in cash and includes 10.000.00.37 3. The options would vest over a maximum period of 7 years or such other period as may be decided by the Employees Stock Compensation Committee from the date of grant based on specified criteria.37 TOTAL Notes: 1. 4. 2.63. .345 (45.360) paid up Less: Calls in arrears .27. During the year.00.00. Shares out of the issued and subscribed share capital were allotted on conversion / surrender of Debentures and Bonds.25. in crore) As at 31st March.200 [Previous year NIL] Options to the eligible employees which includes 16.37 3.982 (65.37 5.008 Equity Shares of Rs.00 Issued.46.79.91.00 1.74.273.82.652.25.00.154 shares allotted to Petroleum Trust.345) Shares out of the issued and subscribed share capital were allotted as Bonus Shares by capitalisation of Securities Premium and Reserves.426) equity shares to the eligible employees of the Company and its Subsidiaries under ESOS.00.000.000 options at a price of Rs. 2010 3.99. 10 each (500.each for offering to eligible employees of the Company and its subsidiaries under Employees Stock Option Scheme (ESOS).50 (Previous Year Rs.00 6. the Company has granted 35. New Technologies.00.per option and 19.by others [Rs. 2011 Authorised: 500. the Company has issued and allotted 29.per option plus all applicable taxes.85. 10 each (100. 10/.52.000. conversion of Term Loans. exercise of warrants.37 3. 995/.630) 65. as may be levied in this regard on the Company.50)] 3.270.00.630 (210. against Global Depository Shares (GDS) and re-issue of forfeited equity shares.000. 210. Subscribed and Paid up: 327.30. 3. 10 each fully (327.

24 1.75 2.43 crore.456.000.24 51.94 291.33.980.00 4.878.45 1. Schedule ‘O’] Capital Reserve As per last Balance Sheet Capital Redemption Reserve As per last Balance Sheet Less: Capitalised on Issue of Bonus Shares Securities Premium Account As per last Balance Sheet Add: Premium on issue of shares Less: Premium on redemption / buy back of debentures / Bonds Less: Capitalised on Issue of Bonus Shares Less: Calls in arrears .878.26 0.688.878.00 6.50 1.513.57 1.26 50.28 8.95 54.19 738.by others Debenture Redemption Reserve As per last Balance Sheet Add: Transferred from Profit and Loss Account General Reserve* As per last Balance Sheet Add: Transferred from Profit and Loss Account Profit and Loss Account TOTAL 68.563.804.94 887.48.69 0.900. Schedule 'O'] Less: Utilised on Demerger Adjustments [Refer Note 9.000.507. in crore) As at 31st March.116.57 50.27 2. 2.57 50.97 51.52 5.76 50.02 50.000.633.467.Reliance Industries Limited 105 Schedules forming part of the Balance Sheet SCHEDULE ‘B’ RESERVES AND SURPLUS As at 31st March.000. 2010 * Cumulative amount withdrawn on account of Depreciation on Revaluation is Rs.000.69 189.73 80.00 14.00 68.86 1.75 703.116.00 11.116.688.07 189.266.000.784.48 8.02 50. .27 (Rs.67 887.999.28 291.00 16. 2011 Revaluation Reserve As per last Balance Sheet Less: Transferred to Profit and Loss Account [Refer Note 4.804.85 50.00 84.688.57 927.

17 251. 44.01 1.283.50 570. Rs.417.00 crore are secured by way of first mortgage / charge on movable and immovable properties situated at Thane in the State of Maharashtra and on movable properties situated at Baulpur Complex of the Company.67 183. 51.39 TOTAL 1.34 crore are secured by way of first mortgage / charge on certain properties situated at village Mouje Dhanot. Rs.007. 2010 .21 1. New Technologies.00 crore are secured by way of first mortgage / charge on the immovable properties situated at Hazira Complex and at Jamnagar Complex (other than SEZ unit) of the Company.000.234.682. 1. Rs.670.970. TERM LOANS From Banks Rupee Loans C. 2.00 crore are secured by way of first mortgage / charge on the immovable properties situated at Jamnagar Complex (other than SEZ unit) of the Company. 10.106 New Businesses.43 crore are secured by way of first mortgage / charge on certain properties situated at Ahmedabad in the State of Gujarat and on fixed assets situated at Nagpur Complex of the Company. WORKING CAPITAL LOANS From Banks Foreign Currency Loans Rupee Loans 312.571. New Partnerships. Schedules forming part of the Balance Sheet SCHEDULE ‘C’ SECURED LOANS (Rs. Rs. 500. 5. Rs.00 10.00 crore are secured by way of first mortgage / charge on the immovable properties situated at Jamnagar Complex (SEZ unit) of the Company.00 crore are secured by way of first mortgage / charge on all the properties situated at Hazira Complex and at Patalganga Complex of the Company.22 563.82 As at 31st March.05 crore are secured by way of first mortgage / charge on certain properties situated at Surat in the State of Gujarat and on fixed assets situated at Allahabad Complex of the Company. Rs. Rs. District Kalol in the State of Gujarat and on fixed assets situated at Hoshiarpur Complex of the Company. Debentures referred to in A above to the extent of: a) b) c) d) e) f) g) h) Rs. 2011 A. DEBENTURES Non Convertible Debentures B.110. 49.68 11.82 9. in crore) As at 31st March.

in one or more installments.34 crore in financial year 2018-19 and Rs.532.47 4. Working capital loans are secured by hypothecation of present and future stock of raw materials.899. 3.069. The debentures are redeemable as follows: Rs.00 crore in financial year 2011-12.95 15. stores and spares (not relating to plant and machinery). receivables.740. 2011 A.00 crore (Previous Year Rs. 164.Reliance Industries Limited 107 Schedules forming part of the Balance Sheet 2. 11. Short Term From Banks C.06 3. outstanding monies.61 18. 2010 . Deferred Sales Tax Liability TOTAL Note: Short term loan from banks include commercial paper of Rs. 4. 4.33 crore in financial year 2017-18. 500.825. 133. 503.83 crore in financial year 2014-15. Rs.373.500. SCHEDULE ‘D’ UNSECURED LOANS (Rs. in crore) As at 31st March. Rs.27 As at 31st March.31 50. NIL (Previous Year Rs. finished goods. Long Term i) From Banks ii) From Others 41. book debts.273.69 crore in financial year 2012-13.00 crore in financial year 2020-21.97 3. Rs. Rs. Rs.24 45.19 42. stock-in-process.466.824. 2020.26 crore in financial year 2013-14. 2011 and the last being on 7th May. 8. Debentures referred to in A above are redeemable at par. 133.00 crore).33 crore in financial year 2016-17. 655.04 crore in financial year 2015-16. 500. claims.30 B.22 56. 408.825. Maximum balance outstanding at any time during the year being Rs. on various dates with the earliest redemption being on 17th June. save and except receivables of Oil and Gas Division. Rs. etc.976. Rs.043.30 46.093. 3. bills.00 crore). materials in transit.

98 1.19 214. iii) Rs.26 92.392.641.28 11. 8 9 1 .994.71 Depreciation For the Upto Year 3 1 .10 114.458.136.44 crore) on account of cost of construction materials at site.37 392.16 2.162. 121.593.138.4 2 . 646.313.01 186.374. 8 9 12.2 0 11 1.98 327. Intangible assets .33 5. 810.604.30 9. 22.88 575. Electrical Installations and Equipments as at 01.85 8. iii) Rs.79 575. 8. 4.29 7.85 317.70 54.22 206.80 206.To t a l INTANGIBLE ASSETS**: Technical Knowhow fees Software Development Rights # Others S u b .033.81 crore (net gain)] on account of exchange difference during the year.900.589.295.12 54. Capital Work-in-Progress includes : i) Rs. New Partnerships. 646. ii) Rs.48 0.645.82 NOTES : a) b) Leasehold Land includes Rs. the Company has been permitted to use the same at a concessional rate.278.039.162. Buildings include : i) Cost of shares in Co-operative Housing Societies Rs.79 201. Additions and Capital Work-in-Progress include Rs.402. 1. 5 3 14.386.80 9.45 78.864.622.804.43 2.46 64.29 5.01 4.50 1.0 3 .366. Plant & Machinery and Equipments as at 01.628. 1.98 327.084.676.02 77.453. 453. 203.195.30.32 277.27 4.54 14. 93.478.14 66.42 1.72 39.565.11 540.46 2.64 239.79 28.505.82 (Rs.2 0 11 53.79 3.2005.92 67. 4.021. 1.88 crore) in respect of which conveyance is pending.78 3.25 48.20 518. New Technologies.86 30.83 7.108 New Businesses.497.16 60.53 302.38 8.27 42.00 crore). 665. c) d) e) f) * ** # .271.556.84 crore (Previous Year Rs.99 1.08 2.47 2.52 98.66 1. 119.286.80 9.63 83.136. ii) Rs.39 146. the Ownership of which vests with Gujarat Maritime Board. 591.54 37.78 18.32 39.49 3. Refer Note 4.631.480.819.54 7.53 128.70 36. 1. 203.77 477.963. Gross Block includes Rs.76 68.97 crore (Previous Year Rs.367.87 1 . However.556.89 3.42 1.70 Gross Block Additions Deductions/ Adjustments 0.477.32.19 crore (Previous Year Rs.32 44.28 1.210.78 3. Schedules forming part of the Balance Sheet SCHEDULE ‘E’ FIXED ASSETS Description As at 01-04-2010 OWN ASSETS : Leasehold Land Freehold Land Buildings Plant & Machinery Electrical Installations Equipments Furniture & Fixtures Vehicles Ships Aircrafts & Helicopters S u b .031.90 1. Schedule 'O' Other than internally generated Regrouped from Plant & Machinery.06 35.43 7.49 17.53.507.53 6.05 54.88 2.72 153.610.2 0 11 31-03-2010 1.525.67 2.To t a l To t a l Previous Year Capital Work-in-Progress 1.91 58.16 2 .76 317.00 crore (Previous Year Rs.31 52.03 crore (net loss) [Previous Year Rs.20 crore (Previous Year Rs.957. 12.20 crore) on account of project development expenditure.798.350.817.298.55 139.86 68.79 188. 2 5 9 .34 crore added on revaluation of Building.61 0.71 486.762.07 40.0 3 .03 crore (Previous Year Rs.0 3 .67 273.98 161.917.01.97 155.29 8.Others include : i) Jetties amounting to Rs.463.23 49. Plant & Machinery.512.86 176.03 5.66 30.72 43.09 39.422.734.189.03 74.95 crore (Previous Year Rs.64 286. 2 5 9 . 5 3 .01 1. 93.88 crore (Previous Year Rs.864.566.827.251.73 78.93 467.01 303.26 7. 4 7 1 .14 1.5 3 .39 3.07 crore) on account of advance against capital expenditure.40 306.251.52 16.247.71 1.17 4 11 .886.2009 and Rs.97 2.19 crore) in respect of which lease-deeds are pending execution.49 crore) in preference shares of subsidiaries and lease premium paid with right to hold and use Land and Buildings. ii) Rs. 5.33* 13.027. under an agreement with Gujarat Maritime Board.60 As at 3 1 .49 151.74 2.56 12.03 385.21.241.63 5.08.965.50 62. in crore) Net Block As at As at 3 1 .25 114.49.63 crore added on revaluation of Building.35 5.93 47.52 160.27 166.03 7.23 1.To t a l LEASED ASSETS : Plant & Machinery Ships S u b .369.30 crore (Previous Year Rs.50 166.54 762.684.51.20 crore) in shares of Companies / Societies with right to hold and use certain area of Buildings.263.545.839.66 1.05 98.75 9. 7 0 6 .50 284.15. based on reports issued by international valuers.80 385. 7.22 1.21 44.54 1.88 271.15.97 crore).

20 0. 2011 A. 10 each (22. fully paid up 22.00.75.000 (2.84 AED 1000 each Reliance Exploration & Production 1.000.50.Unquoted.01 Euro 0.Unquoted.24 In Preference Shares .30 16.00 2.00.125) 1. 10 each Reliance Europe Limited of Sterling Pound 1 each Reliance Utilities and Power Private Limited Class 'A' shares of Re.76.00.000) Gujarat Chemicals Port Terminal Company Limited of Re. of 0. fully paid up 68.32 210.96.65.60.29.38 Mauritius Limited of USD 1 each Reliance Global Business B.63.50.064 Reliance Industrial Infrastructure Limited (68.000.000) Shares of Reliance Gas Transportation Infrastructure Limited of Rs.93 0.Unquoted.00.079.200 (1.125 (62.04 0.00.30 16.01 each Reliance Global Management Services Limited of Rs.21 26.08.01 0.08.000 (20. Authorities ) Trade Investments In Equity Shares .000 (1.000) Subsidiary Companies .00 2.00 3.63.02 0.10 each Petronet India Limited of Rs.500 (11.24 12.000.000 (-) 2.000) (250. 10 each Reliance Exploration & Production DMCC of 210. 1 each Indian Vaccines Corporation Limited of Rs.00.200) 33.02 16.30 0.99 2. fully paid up 50.00 3.500) 19.000 (19.20 0. fully paid up Infotel Broadband Services Limited 519.30 0. 1 each 64.02 16.500) 2. 1 each Reliance Utilities Private Limited Class 'A' shares of Re.Quoted.Unquoted 6 Years National Savings Certificate (Deposited with Sales Tax Department and other Govt.000 9% Non-Cumulative Redeemable Preference (50.90.Unquoted. 10 each .04.00.90.20.000 (12.026. fully paid up 64.02 16.00 2. 10 each In Equity Shares .29 0.76.Reliance Industries Limited 109 Schedules forming part of the Balance Sheet SCHEDULE ‘F’ INVESTMENTS As at 31st March.00.02 0. 2010 0.00.32 16. LONG TERM INVESTMENTS Government and other Securities .20. in crore) As at 31st March.000 (-) 1.60.21 79.000) 62.93 0.064) of Rs.V.84 0.554.61 10.90. 10 each Other Investments In Equity Shares .00.000.000) 20.69 of Rs.000) 11.02 0.61 10.99 (Rs.00 2.25 In Equity Shares of 51.500 Reliance LNG Limited of Rs.

00 2.00.150) 55.500 5% Non-Cumulative Compulsorily Convertible 653.23 3.00 0.00.001 (50.00.00 1.46 6.00. New Technologies.001) Reliance Industrial Investments and Holdings Limited of Rs.000) Preference Shares of Reliance Jamnagar Infrastructure Limited of Rs.150 (26.54.19 100.00 2.36 925.830.23 8.311) of Euro 0.390. 10 each Reliance Oil & Gas Mauritius Limited of USD 1 each Reliance Retail Limited of Rs.15 .20.04. 8.450 (42.000 (10.02.00.156 5% Non-Cumulative Compulsorily Convertible 474.00.78 (4.02.341.200) 26.02 2. ‘A’ Class Shares 425.00 0.80.830.00 3.02 2.00.000 Reliance Retail Limited of Rs.55.00.400 (14. partly paid up 427.000 Infotel Broadband Services Limited 3.30 (-) of Rs.00.05 324.622 5% Non-Cumulative Compulsorily Convertible 613.38 (62.123.50.05 19.) As at 31st March.110 New Businesses.89 (17.20. 10 each 62.000 Reliance Netherlands B.V.27.800) Preference Shares of Reliance Strategic Investments Limited of Re.562.000 (339. Class 'A' 0. 10 each 1.37.351.00 (18.351.00.37.824) Preference Shares of Reliance Industries (Middle East) DMCC of AED 1000 each 18.000) (Rs.75.390.50 46.V.01 each 3.000) Shares of Euro 1 each 1.00.38 - 112.50.78 3.73 (-) Preference Shares of Reliance Oil & Gas Mauritius Limited of USD 1000 each 4.62.450) 10. 10 each RIL (Australia) Pty Limited of Aus $ 1 each 147. 10 each (Rs.000 (-) 339. fully paid up 20.91.Unquoted.00 2.77.80 (499.00.46.636.40 454. in crore) As at 31st March.65 In Equity Shares of Subsidiary Companies .800 9% Non-Cumulative Compulsorily Convertible 112.000) 50.15 (3.91.00 (610. New Partnerships.00.Unquoted.05 17.316) Preference Shares of Reliance Exploration & Production DMCC of AED 1000 each 1.940.830.10 each Reliance Industries (Middle East) DMCC of AED 1000 each Reliance Jamnagar Infrastructure Limited of Rs. 2011 14.57. 1 each 5.32 (-) Preference Shares of Reliance Exploration & Production Mauritius Limited of USD 1000 each 660.50 each paid up) 610.75.00. Schedules forming part of the Balance Sheet SCHEDULE ‘F’ (Contd.265.200 (20.04. 10 each Reliance Strategic Investments Limited of Rs.316 5% Non-Cumulative Compulsorily Convertible 2.466.000) 20.30 In Preference Shares of Subsidiary Companies .50 46.19 100.00.000 10% Non-Cumulative Optionally Convertible 925.74 (Rs.511 Reliance Global Business B.32 1. 2010 147. 3 each paid up) 5.400) 42. 10 each Reliance Ventures Limited of Rs.00.768.

00.00. 10 each) 6.000 Reliance Netherlands B. in crore) As at 31st March.Growth Plan (-) 19.000 Birla Sun Life Fixed Term Plan (-) Series CS Growth 24.00.50.00 315.000) Reliance Industrial Investments and Holdings Limited of Rs 100 each 8.000 Birla Sun Life Fixed Term Plan (-) Series CP Growth 5.83.00.000 Birla Sun Life Fixed Term Plan (-) Series CQ Growth 13.50 In Debentures of Subsidiary Companies .37.Pass Through Certificates (PTC) issued by (88) Indian Residential MBS Trust In Units of Fixed Maturity Plan .60 each paid up (Euro 0.000 Birla Sun Life Fixed Term Plan (-) Series CR Growth 5.45 0.58 (Rs.00.Growth 31.00 50.00. Class 'A' Shares of 0.00 - .V.00 120.50.83.90 441.00.00.79.90 (2.Quoted.000 (-) 3.000 Baroda Pioneer Series 1 .000 Axis Fixed Term Plan (-) Series 13 . fully paid up 2.) As at 31st March.Unquoted.00. 2011 In Preference Shares of Subsidiary Company .50.00 15.Reliance Industries Limited 111 Schedules forming part of the Balance Sheet SCHEDULE ‘F’ (Contd.00 135.00 240.000 Birla Sun Life Fixed Term Plan (-) Series CM .00 190.00.90.Unquoted.000 Birla Sun Life Fixed Term Plan (-) Series CO Growth 12.00.00 30.00.00 50.00 145.00.48 60.79.00.37.000 (-) 14.50. 2010 0.143 0% Unsecured Convertible Debentures (8.50 (1.143) of Reliance Industrial Investments and Holdings Limited of Rs 5.00.00.Growth 1.54 each paid up)] 0.000 each In Others .000 Birla Sun Life Fixed Term Plan (-) Series CT Growth 10.000 (-) Birla Sun Life Fixed Term Plan Series CU Growth Birla Sun Life Fixed Term Plan Series CV Growth Birla Sun Life Fixed Term Plan Series CW Growth 0.48 721.00 105.45 279.90.000) Euro 1 each [Euro 0.33 0.58 721. partly paid up 1.00.50.000 0% Unsecured Convertible Debentures of 279.00. fully paid up (Face Value of Rs.00.33 441.

00.00 35.12 M Series 17 .00.00.00 150.00.Growth (-) 3.Growth Series XVI HDFC 370 D (5) . 2010 - 30.00.12 M Series 18 .00 140.00.50.000 (-) 13.00 30.00.50.00 70.Growth (-) Series XVI 6.000 (-) 10.12 M Series 14 . 2011 5.00.50.00 (Rs.00.000 Fidelity Series 5 .1Year (-) Plan A Cumulative 22. New Partnerships.Growth (-) 10.00.000 ICICI Prudential Series 55 .Growth (-) 15.1 Year (-) Plan D Cumulative 5.00.00 50.00.00.00 100.00. in crore) As at 31st March.Growth Canara Robeco Series 6 .Growth Series .000 DSP Blackrock Series 13 .000 DSP Blackrock .000 ICICI Prudential Series 55-1 Year (-) Plan B Cumulative 9.80.00 75.00.000 DSP Blackrock .00.00.00.1 Year Plan A Cumulative 25.000 (-) 6.00.00 48.00 100.00.00.00.12 M Series 15 .000 (-) 3.Growth (-) 15.000 ICICI Prudential Series 55 . Schedules forming part of the Balance Sheet SCHEDULE ‘F’ (Contd.00.XVI HSBC Fixed Term Series 79 Growth UCC ICICI Prudential Series 51 .00 90.000 (-) Canara Robeco Series 6-13 Months (Plan A) .50.00.00.00.1 Year (-) Plan .112 New Businesses.00.00.00. New Technologies.00 30.00.000 HDFC 370 D (2) .00 250.000 (-) 10.00.00 100.13 Months (Plan B) .000 ICICI Prudential Series 55 .Growth 50.000 (-) 7.1 Year (-) Plan E Cumulative .00.Growth (-) 3.00 60.00 300.Growth (-) 6.00.000 DSP Blackrock .00 60.000 DSP Blackrock Series 16 .00.Growth (-) 14.) As at 31st March.00 225.000 ICICI Prudential Series 55 .00.1 Year Plan F Cumulative ICICI Prudential Series 54 .00.000 (-) HDFC 370 D (3) Growth Series XVI HDFC 370 D (4) .000 DSP Blackrock .00 150.00.000 HDFC 370 D (1) .00 60.00 135.Growth (-) Series XVI 4.C Cumulative 7.00.00.Plan F .

12 .00 150.00.000 (-) 2.00 80.50.000 (-) 16.1 Growth Plan 200.757.00.50.Growth SBI Debt Fund Series 9 .00.00.00.00 125.000 (-) 15.00 50.000 (-) 7.194.000 (-) 3.00.00.00.00 55.000 (-) 2.10 Growth SBI Debt Fund Series 370 days .D Growth IDFC Yearly Series 37 .00 24.1 Year Plan A Cumulative ICICI Prudential Series 56 .897.00.40.00.00.00.Growth Sundaram Fixed Term Plan BA 366 days Growth Tata Series 31 Scheme B .50.00.00.Growth SBI Debt Fund Series .367 days Series .00 250.000 (-) 2.1 .00.Growth IDBI 367 D Series .370 days .801.00.00 5.50.1 A Growth IDBI Series .1 Year Plan B Cumulative ICICI Prudential Series 56 .000 (-) 20.00.000 (-) 2.000 (-) 8.00 Total (A) 26.00 75.000 (-) 2.98 28.000 (-) 25.000 (-) ICICI Prudential Series 56 .1 .000 (-) 5.000 (-) 12.00 150.00 30.00 25.290.56 (Rs.00.Growth IDFC .) As at 31st March.1 Growth SBI Debt Fund Series 370 days .00 150.000 (-) 15.000 (-) 5.00.73 14.00 140.50.Yearly Series 42 . in crore) As at 31st March.00.Reliance Industries Limited 113 SCHEDULE ‘F’ (Contd.Growth JPMorgan India 367 D Series 1-Growth Plan JPMorgan India 400 D Series . 2011 20.Growth Tata Series 31 Scheme C .50.1 Year Plan D Cumulative IDBI .00.000 (-) 4.00.000 (-) 15.00.000 (-) 15.00.50.00.00.Growth UTI Fixed Term Income Fund Series IX .C .00 150. 2010 12.00 200.00.Growth IDFC Fixed Maturity Yearly Series 38 Growth IDFC Fixed Maturity Yearly Series 40 Growth IDFC Yearly Series 41 .00.50.00.00 25.00 25.00 165.00.06 .00.11 .00 25.00 40.00.000 (-) 14.00.

04 3.500 Power Finance Corporation Limited (3.92 In Certificate of Deposit with Scheduled Banks -Quoted 4.34 131.17 483.49 9.) As at 31st March.03 124.537) Corporation Limited 5.National Housing Bank (1.250) 15.000 Infrastructure Development (3.Quoted Housing Development Finance Corporation Limited 93.49 98. in crore) As at 31st March.49 93. CURRENT INVESTMENTS Other Investments In Government Securities .45 112.18 .250 EXIM Bank of India (1.531.400) 920 Power Grid Corporation of India Limited (-) 1.30 125.187 Housing Development Finance (7.27 (Rs. New Technologies.648.360.86 551.45 4.217.114 New Businesses. New Partnerships.48 348.48 1.52 206.500 Steel Authority of India Limited (-) In Commercial Paper . 2010 5.670.Quoted 1.04 5.16 850.49 1.450 Indian Railway Finance Corporation Limited (2.632.Quoted 7.31 219. SCHEDULE ‘F’ (Contd.973.45 3.00 774.11 895.630.32 138.500) .92 4.98 7.950) 1.350 Rural Electrification Corporation Limited (8.500 LIC Housing Finance Limited (8.59% GOI 2016 4.43 146.43 346.250) 5.27 In Public Sector Undertakings / Public Financial Institutions & Corporate Bonds .600) Finance Company Limited 1.000 CitiFinancial Consumer Finance India Limited (-) 2.050) 12. 2011 B.

00 100.Wholesale .) As at 31st March.360. 10 each .563.22 15.83 - .Growth Plan of Rs.07 8.62 As at 31st March.31 - (Rs.54 (Rs.839.248.Reliance Industries Limited 115 SCHEDULE ‘F’ (Contd.274. 2010 100.07 240.326) Plan .HDFC Liquid Fund .56 23.Unquoted .LIC Mutual Fund Floating Rate Fund .ICICI Prudential Flexible Income (58.66.Premium Plan .00 779.00 239.00.79 8.26 Market Value 15.83.Short (6.427.951) Plan Premium .Growth (13.664. in crore) As at 31st March.ICICI Prudential Institutional Liquid (1.651.00 100. 2010 Book Value Market Value 7. in crore) As at 31st March.HDFC Cash Management Fund .95.Growth of Rs. 10 each .253) Term Plan . 10 each Total (B) Total (A+B) 9.61.28 22.316) of Rs.39. 100 each .Growth of Rs.Treasury Advantage (4. 2011 AGGREGATE VALUE OF Quoted Investments Unquoted Investments Book Value 15.322) Plan .Super Institutional Growth of Rs.43. 100 each .75.228.69. 2011 In Units .377.98 37.

428. Cost (in lakhs) (Rs.Short Term Plan .Institutional Growth Axis Treasury Advantage Fund .28 2.000 1.949.783.623.Super Institutional .021.Growth UTI Liquid Cash Plan Institutional .621.000 10 1.73 411.Institutional Prem.Growth Option UTI Money Market Mutual Fund .116 New Businesses.895.Growth Tata Liquid Super High Investment Fund .09 12.00 7.Institutional Growth Baroda Pioneer Liquid Fund .18 65.Institutional Plan .) Mutual Fund Units Axis Liquid Fund .84 13.Super Institutional .00 500.251.220 220 420 1.03 4.70 551.Growth Plan JPMorgan India Treasury Fund .11 7.903.Appreciation Templeton India Treasury Management Account Super Institutional Plan .84 1.17% GOI 2015 7.00 50.12 33.Growth Tata Floater Fund .23 10.62 270.Growth Birla Sun Life Savings Fund .Premium Plan .84 6.00 100.Institutional Plan .Super Institutional Plan C .99% GOI 2017 7.00 12.38% GOI 2015 7.00 200.Institutional Growth Plan UTI .Institutional Growth Fund DSP BlackRock Floating Rate Fund .924.420.017.25 29.27% GOI 2013 7.Growth ICICI Prudential Institutional Liquid Plan .40 1.Treasury Plan .Floating Rate Fund .Growth ICICI Prudential Flexible Income Plan Premium .28 1.28 200.56 2.49 45.01 722.28 35.000 1.000 1. in crore) 184.01 3.072.766.685 400 950 280.87 7.000 1.895.000 1.58 .585.46 214.Institutional Growth Option 1.79 7.Super Institutional . Schedules forming part of the Balance Sheet SCHEDULE ‘F’ (Contd.SHF .01 4.Growth Plan LIC Mutual Fund Floating Rate Fund .403.00 680.Growth IDFC Money Manager Fund .000 1.929.000 1.14 38.Ultra Short Term Fund .963.) Government Securities 7. Cost (in lakhs) (Rs.06 Nos.594.245.50 40.28 217.Institutional Plan . New Partnerships.130.Cash Option SBI Premier Liquid Fund .000 Face Value (Rs.Growth HDFC Cash Management Fund -Treasury Advantage Plan .00 7.44 5.34 7.53 1.074.02 4.62 50.173.03 150.Growth Plan LIC Mutual Fund Liquid Fund .74 31.176.10 57.Growth JPMorgan India Liquid Fund .759.Growth DSP BlackRock Liquidity Fund .Institutional Plan .) Investments purchased and sold during the year Face Value (Rs.13 52.06 291.80% GOI 2020 8.04 4.958.669.238.02 425.Growth SBI .125.131.00 4.10 100.Magnum Insta Cash Fund .Growth IDFC Cash Fund .000 10 10 1.05 1.Institutional Growth Birla Sunlife Cash Plus .184.Super Institutional Growth ICICI Prudential Ultra Short Term Plan Super Premium Growth IDBI Liquid Fund .00 175.566.57 1.13% GOI 2022 100 100 100 100 100 100 100 100 100 Nos.79 282.704.Institutional .Growth Option UTI Treasury Advantage Fund .14 82.Growth Plan SBI .494.000 10 10 10 10 100 100 10 10 10 10 10 10 10 10 10 10 10 10 10 1.Institutional Growth Plan Canara Robeco Liquid Super .91 906.31 400.06 300.36 7.Wholesale .08% GOI 2022 8.Short Term Plan .Growth SBI Premier Liquid Fund .56 954.79 1.96 733.667.29 13.950.535.820.00 13.562.Growth HDFC High Interest Fund -Short Term Plan . .72 726.059.76 3.93 200. in crore) 275 280 2.02% GOI 2016 7. New Technologies.Super Institutional Plan Growth HDFC Liquid Fund .32% GOI 2014 7.15 29.47 248.06 408.60 48.Growth DWS Insta Cash Plus Fund .00 940.Super Inst Plan C .560 3.

20 10.09 42.70% Power Finance Corporation Limited 2015 8.64% Power Grid Corporation of India Limited 2025 11.80% Power Grid Corporation of India Limited 2017 8.09 27.00 5.84 5.23% Housing Development Finance Corporation Limited 2011 6.57 15.49 24.80% Rural Electrification Corporation Limited 2019 8.27 20.64% Power Grid Corporation of India Limited 2024 8.50 17.80% Housing Development Finance Corporation Limited 2012 7.33 24.35% Infrastructure Development Finance Company Limited 2011 8.64% Power Grid Corporation of India Limited 2017 8.77 50.97 50.33 30.80% Rural Electrification Corporation Limited 2020 9.06 10.45% Indian Railway Finance Corporation Limited 2018 8.64% Power Grid Corporation of India Limited 2018 8.07 27.00% Housing Development Finance Corporation Limited 2012 9.90% Housing Development Finance Corporation Limited 2018 8.00 10.00 5.50% Housing Development Finance Corporation Limited 2012 9.41 75.58 10.92 99.88% Infrastructure Development Finance Company Limited 2011 0.64% Power Grid Corporation of India Limited 2020 8.20% Housing Development Finance Corporation Limited 2016 9.50 25.64% Power Grid Corporation of India Limited 2023 8.84% Power Grid Corporation of India Limited 2017 8.00% National Housing Bank 2019 8.Reliance Industries Limited 117 Schedules forming part of the Balance Sheet SCHEDULE ‘F’ (Contd.90% Rural Electrification Corporation Limited 2012 7.85 76.33 124.70% Power Finance Corporation Limited 2020 8.) Corporate Bonds 5.75% Steel Authority of India Limited 2020 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1250000 1250000 1250000 1250000 1250000 1250000 1250000 1250000 1250000 1250000 1250000 1250000 1250000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 Nos.59 27.00% Infrastructure Development Finance Company Limited 2011 8.99 25.00 110.71 12.50 17.90% EXIM Bank of India 2013 6.00% National Bank for Agricultural and Rural Development 2019 6.64% Power Grid Corporation of India Limited 2019 8.01 75.80 300.50% State Bank of India 2025 8.39 35.44 27.) Investments purchased and sold during the year Face Value (Rs.45 34.21% National Housing Bank 2013 0.40% ONGC Videsh Limited 2014 8.00% Infrastructure Development Finance Company Limited 2011 0.40 75.59 17.84% Power Grid Corporation of India Limited 2018 8.95% Power Finance Corporation Limited 2020 8.24 24.84% Housing Development Finance Corporation Limited 2011 0. in crore) 250.65 145.60% Indian Railway Finance Corporation Limited 2019 0.72% Steel Authority of India Limited 2020 8.64% Power Grid Corporation of India Limited 2021 8.84% Power Grid Corporation of India Limited 2016 8.95% Power Finance Corporation Limited 2015 8.00 199.10 273.64% Power Grid Corporation of India Limited 2022 8. Cost (Rs.90% Power Finance Corporation Limited 2020 8.57 129.50 17.50 145.60% Rural Electrification Corporation Limited 2013 8.95% Housing Development Finance Corporation Limited 2014 9.16 5.00% Housing Development Finance Corporation Limited 2012 0.75% Rural Electrification Corporation Limited 2011 7.50 17.00 2500 2000 250 750 750 1000 250 250 50 50 250 500 450 1150 1300 300 200 1250 250 1450 2950 100 2750 50 750 280 220 120 80 220 80 220 220 140 140 140 140 140 250 200 750 350 500 105 1450 50 .28 10.

Frankfurt 0.84 12. Jakarta Royal Bank of Scotland.05 0.18 crore) receivable from Subsidiaries.16 0.31 2009-10 0.07 0.427.91 11. New Technologies.134.07 0.909.08 0. 2011 March. London Hongkong and Shanghai Banking Corporation.92 14. Jebel Ali Royal Bank of Scotland.100.05 0.85 6.576.88 As at 31st March. Guangzhou Citi.86 349. 2010 Bank of China Citi.35 0.50 4. 2.601.21 (Rs.65 Includes Rs.441.118 New Businesses. Shanghai Stadtsparkasse Koln.76 0.05 0.32 74.09 0.423.64 3.36 17.05 0.40 52. 2010 2.20 0. New Partnerships.801. New York Hongkong and Shanghai Banking Corporation.53 0.27 0.24 0.40 0.848.19 .68 3.09 0.10 7.09 0. 3. 2011 2.29 13.11 (Rs.825.03 0.29 27.31 15.07 2.195.981.278.98 0.94 14.660.36 13.05 14.023.978. Chemicals and Packing Materials Raw Materials Stock-in-Process Finished Goods / Traded Goods SUNDRY DEBTORS (Unsecured and Considered Good) Over six months Others # CASH AND BANK BALANCES Cash on hand Balance with Banks In Current Accounts : with Scheduled Banks with Others* In Fixed Deposit Accounts : with Scheduled Banks OTHER CURRENT ASSETS Interest Accrued on Investments TOTAL # * 199.05 0.27 0. China.530.36 11. Vietnam Royal Bank of Scotland.07 0.06 26.38 14.22 0. Includes balances with non scheduled banks as follows: As at 31st As at 31st March.24 0.53 26.62 586.35 crore (Previous Year Rs.59 0.40 2.462.04 0.04 0. Turkey Hongkong and Shanghai Banking Corporation. in crore) As at 31st March.16 1. in crore) Maximum Balance at any time during the year 2010-11 0.878.86 29.76 0. Schedules forming part of the Balance Sheet SCHEDULE ‘G’ CURRENT ASSETS INVENTORIES Stores.50 91.647.58 17.490.30 11.

414.67 346.088.936. in crore) As at 31st March.08 245.97 crore) recoverable from Subsidiaries.35 223.96 2.33 2.00 crore (Previous Year Rs.95 206.49 110. 299.17 48.223.837. 2.576.228.22 2.376.82 49.03 98.24 3.565.940.21 69.183. 602.43 2.33 7.19 1.(Considered Good Unless Otherwise Stated) Loans to subsidiary companies Advance Income Tax (Net of Provision) Advances recoverable in cash or in kind or for value to be received* Less: Considered Doubtful Deposits* Balance with Customs.32 crore) and Deposits include Rs.240.88 5.08 1.88 2.39 0.25 36.74 1. Small and Medium Enterprises @ .00 2.38 0.849. etc. Central Excise Authorities. 351.047.092.56 2.Others * ^ Liability for Leased Assets * Unpaid Dividend # Unpaid Matured debentures # Interest accrued on above # Unpaid Share Application Money # Interest accrued but not due on Loans PROVISIONS Provision for Wealth Tax Provision for Leave encashment/ Superannuation / Gratuity Other Provisions $ Proposed Dividend Tax on Dividend TOTAL 8.481.384.88 329.389.563.55 1.60 50.02 1.87 1.90 4.48 54.36 469. in crore) As at 31st March.85 10.40 (Rs.30 16.267.Micro. TOTAL * 5.83 8.307.220.12 64.21 754.084.88 69. 2010 .61 1. SCHEDULE ‘I’ As at 31st March.22 36.506.Reliance Industries Limited 119 Schedules forming part of the Balance Sheet SCHEDULE ‘H’ As at 31st March.36 490.232.49 (Rs. 2010 Advances recoverable includes Rs.657.99 386. 2011 CURRENT LIABILITIES AND PROVISIONS CURRENT LIABILITIES Sundry Creditors .49 crore (Previous Year Rs. 2011 LOANS AND ADVANCES UNSECURED .73 1.53 1.43 40.

28 28.23 238. Actual outflow is expected in the next financial year.88 2.08 crore) payable to Subsidiaries and Rs.983.79 3.443.48 crore (Previous Year Rs.79 339. based on the available information with the Company are as under: (Rs. 8. 4 Payment made beyond the appointed day during the year 5 Interest due and payable for the period of delay other than (3) above 6 Interest accrued and remaining unpaid 7 Amount of further interest remaining due and payable in succeeding years * ^ # $ Includes Rs.817. Schedules forming part of the Balance Sheet SCHEDULE ‘I’ (Contd. 90. New Partnerships.18 0.460.09 crore was reversed on fulfillment of export obligation. The Company had recognised customs duty liability on goods imported under advance license of Rs. Any additional information in this regard can be expected to prejudice seriously the position of the Company.41 (Rs. Other class of provisions where recognition is based on substantial degree of estimation relate to disputed customer / supplier / third party claims. 323. The Company had recognised liability based on substantial degree of estimation for excise duty payable on clearance of goods lying in stock as on 31st March. due and outstanding. further provision of Rs. 429. in crore) 2009-10 * Net of diminution in value of investments Rs.54 2. NIL). rebates or demands against the Company. 170.81 crore (Previous Year Rs 7. Particulars As at As at No.26 2. 8. 0.40 2.68 82. 2. 215.53 crore (Previous Year Rs.47 24.938.148.138. 2.89 crore (Previous Year Rs.28 crore which is outstanding as on 31st March.620. 323. 2010 of Rs.01 crore (Previous Year Rs. 345. Schedules forming part of the Profit and Loss Account SCHEDULE ‘J’ 2010-11 OTHER INCOME Dividend: From Long Term Investments Interest: From Current Investments From Others [Tax Deducted at Source Rs.14 crore)] Premium on Investments in Preference Shares Profit on Sale of Current Investments (net)* Profit on Sale of Fixed Assets Miscellaneous Income TOTAL 481.051. New Technologies. 7. 2011 is Rs.88 crore as per the estimated pattern of despatches. to be credited to Investor Education and Protection Fund except Rs.120 New Businesses.32 2. 2011 31st March.54 crore was made and sum of Rs. Small and Medium Enterprises Development Act.49 crore) for capital expenditure. During the year. 222.108.135. 1. Rs.00 crore. Small and Medium Enterprises under the Micro.88 crore was utilised for clearance of goods. 2006 (MSMED Act). These figures do not include any amounts.71 169. 2011.55 crore as at 31st March. 339. 3.) @ The details of amounts outstanding to Micro. in crore) Sr.02 crore) which is held in abeyance due to legal cases pending.26 64.35 crore (Previous Year Rs.91 2. 2010 1 Principal amount due and remaining unpaid 2 Interest due on (1) above and the unpaid interest 3 Interest paid on all delayed payments under the MSMED Act. .15 crore). Includes advance application money received against Employees Stock Options Scheme (ESOS) pending allotment Rs. Closing balance on this account as at 31st March.92 1. During the year. 2010. 31st March. Provision recognised under this class for the year is Rs.

350.89 6.98 2. Labour Welfare Fund etc.624. Processing.15 2.65 2.878.72 33.89 5.156.05 3.40) 8.94 0.31 1.13 2.92 PAYMENTS TO AND PROVISIONS FOR EMPLOYEES (including Managerial Remuneration) Salaries.193. Employee’s State Insurance Scheme.774.68 (367. Fuel and Water Machinery Repairs Building Repairs Labour.71 378.878.38 .74 (676.244.283.93. Employee Welfare and other amenities 2. Pension Scheme.05 (Rs. Production Royalty and Machinery Hire Charges Excise Duty # Lease Rent Exchange Differences (Net) 1.02 2.91 TOTAL 3.85 9.42) 7.909.378.947.17 224.233.978.15 148.88 3.490.706.17 2.06 2.773.01 201.06 2.10 12. in crore) 2009-10 1.399.72 29.Reliance Industries Limited 121 Schedules forming part of the Profit and Loss Account SCHEDULE ‘K’ (Rs.86 4.156. Gratuity Fund.22 1. Superannuation Fund.355.93 369.96 6.47.21 2. in crore) 2010-11 VARIATION IN STOCKS STOCK-IN-TRADE (at close) Finished Goods / Traded Goods Stock-in-Process STOCK-IN-TRADE (at commencement) Finished Goods / Traded Goods Stock-in-Process 7.91 2009-10 SCHEDULE ‘L’ 2010-11 MANUFACTURING AND OTHER EXPENSES RAW MATERIAL CONSUMED MANUFACTURING EXPENSES Stores. Chemicals and Packing Materials Electric Power.02 3.85 9.22 2.209.919.74 25.015.21 243.255.179.278. Wages and Bonus Contribution to Provident Fund.07 631.243.278.

35 756.57 102.082.99 2.28 651. Discount and Commission Warehousing and Distribution Expenses Sales Tax / VAT / Service Tax ESTABLISHMENT EXPENSES Insurance Rent Rates & Taxes Other Repairs Travelling Expenses Payment to Auditors Professional Fees Loss on Sale / Discarding of Fixed Assets General Expenses Investments Written Off Less: Provision Written Back Wealth Tax Charity and Donations 118.15 40.62.39 256.52 13.64.15 1.36 2.74 1.20 Less : Transferred to Projects Development Expenditure (Net) TOTAL # 2.38 (90.217.27 30.327.22 59.050.92 500.01 486.20 103.82 29.62 (Rs.280.11.11.353.49 228.72 12.122 New Businesses.832.71 4. in crore) 2009-10 50. in crore) 2009-10 946. New Partnerships.16 74.26 2.53 485.301.02 5.38 21. Sales Promotion and Advertisement Expenses Brokerage.46 19.195.27 541. SCHEDULE ‘M’ INTEREST AND FINANCE CHARGES Debentures Fixed Loans Finance charges on Leased Assets Others TOTAL 2010-11 1.23 (Rs.53 684.58 105.21 .36 543.997.02 283. New Technologies. Schedules forming part of the Profit and Loss Account SCHEDULE ‘L’ (Contd.77 Excise Duty shown under expenditure represents the aggregate of excise duty borne by the Company and difference between excise duty on opening and closing stock of finished goods.37 2.81 108.123.94 1.20 142.12 665.77 4.27 243.49 564.823.) 2010-11 SALES AND DISTRIBUTION EXPENSES Samples.10 528.92 1.397.00) 13.02 3.79 54.53 57.13 14.82 524.853.

depreciation is provided as aforesaid over the residual life of the respective plants. All costs. including financing costs till commencement of commercial production. Leased Assets a) Operating Leases: Rentals are expensed with reference to lease terms and other considerations. depreciation is provided on Straight Line method (SLM) over their useful life. less accumulated depreciation and impairment loss. All costs. Initial direct costs in respect of lease are expensed in the year in which such costs are incurred. C. d) All assets given on finance lease are shown as receivables at an amount equal to net investment in the lease. c) However. Basis of Preparation of Financial Statements The financial statements are prepared under the historical cost convention. The principal component in the lease rental is adjusted against the lease liability and the interest component is charged to Profit and Loss account. in accordance with the generally accepted accounting principles in India and the provisions of the Companies Act. Difference between the actual results and estimates are recognised in the period in which the results are known/ materialised. premium on leasehold land is amortised over . net charges on foreign exchange contracts and adjustments arising from exchange rate variations attributable to the intangible assets are capitalised. rentals referred to in (a) or (b) (i) above and the interest component referred to in (b) (ii) above pertaining to the period upto the date of commissioning of the assets are capitalised. 100% depreciation is provided in the year of addition. 1956 over their useful life except. (ii) Finance leases on or after 1st April. B. E. Use of Estimates The preparation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Income from lease assets is accounted by applying the interest rate implicit in the lease to the net investment. Own Fixed Assets Fixed Assets are stated at cost net of recoverable taxes and includes amounts added on revaluation. net charges on foreign exchange contracts and adjustments arising from exchange rate variations attributable to the fixed assets are capitalised. on fixed bed catalyst with a life of 2 years or more. including incremental cost arising on account of translation of foreign currency liabilities for acquisition of fixed assets and insurance spares. depreciation is provided over its useful life. on fixed bed catalysts having life of less than 2 years. D. 2001: Rentals are expensed with reference to lease terms and other considerations. if any.: on fixed assets pertaining to refining segment and SEZ units. except for certain fixed assets which are revalued. b) (i) Finance leases prior to 1st April. Depreciation Depreciation on fixed assets is provided to the extent of depreciable amount on written down value method (WDV) at the rates and in the manner prescribed in Schedule XIV to the Companies Act. F. 2001: The lower of the fair value of the assets and present value of the minimum lease rentals is capitalised as fixed assets with corresponding amount shown as lease liability. on additions or extensions forming an integral part of existing plants. including financing costs till commencement of commercial production.Reliance Industries Limited 123 Significant Accounting Policies SCHEDULE ‘N’ SIGNIFICANT ACCOUNTING POLICIES A. 1956. Intangible Assets Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortisation / depletion.

service tax. By-products are valued at net realisable value. H.124 New Businesses. in which case they are adjusted to the carrying cost of such assets.others are amortised over the period of agreement of right to use. depreciation is provided as aforesaid over the residual life of the assets as certified by the valuers’. Investments Current investments are carried at lower of cost and quoted/fair value. trading and other products are determined on weighted average basis. Cost of inventories comprises of cost of purchase. New Partnerships. all transactions are translated at rates prevailing on the date of transaction or that approximates the actual rate at the date of transaction. stores and spares. process chemicals. I. on amounts added on revaluation. K. provided in case of jetty the aggregate amount amortised to date is not less than the aggregate rebate availed by the Company. cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and condition. Branch monetary assets and liabilities are restated at the year end rates.development rights.) the period of lease. depreciation is provided over the lease term. depletion is provided in proportion of oil and gas production achieved vis-a-vis the proved reserves (net of reserves to be retained to cover abandonment costs as per the production sharing contract and the Government of India’s share in the reserves) considering the estimated future expenditure on developing the reserves as per technical evaluation. Impairment of Assets An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. SCHEDULE ‘N’ (Contd. Revenue Recognition Revenue is recognized only when it can be reliably measured and it is reasonable to expect ultimate collection. computed category wise. technical know how is amortised over the useful life of the underlying assets and computer software is amortised over a period of 5 years. Inventories Items of inventories are measured at lower of cost and net realisable value after providing for obsolescence. Cost of raw materials. services. (d) In respect of branches. Provision for diminution in the value of long-term investments is made only if such a decline is other than temporary. G . In case of items which are covered by forward exchange contracts. intangible assets . Value Added Tax (VAT) and gain / loss on corresponding hedge contracts. Dividend income is recognized when right to receive is established. packing materials. if any. (b) Monetary items denominated in foreign currencies at the year end are restated at year end rates. the difference between the year end rate and rate on the date of the contract is recognised as exchange difference and the premium paid on forward contracts is recognised over the life of the contract. New Technologies. which are integral foreign operations. adjusted for discounts (net). J. Long Term Investments are stated at cost. (e) Any income or expense on account of exchange difference either on settlement or on translation is recognised in the Profit and Loss account except in case of long term liabilities. Turnover includes sale of goods. on intangible assets . excise duty and sales during trial run period. on assets acquired under finance lease from 1st April 2001. The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of recoverable amount. Foreign Currency Transactions (a) Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction or that approximates the actual rate at the date of the transaction. . (c) Non monetary foreign currency items are carried at cost. An impairment loss is charged to the Profit and Loss Account in the year in which an asset is identified as impaired. where they relate to acquisition of fixed assets. sales tax. Interest income is recognized on time proportion basis taking into account the amount outstanding and rate applicable.

O. Accordingly. P. Employee Separation Costs Compensation to employees who have opted for retirement under the voluntary retirement scheme of the Company is charged to the Profit and Loss account in the year of exercise of option. R. Deferred tax asset is recognised and carried forward only to the extent that there is a virtual certainty that the asset will be realised in future. Borrowing Costs Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalised as part of the cost of such assets. M. they are adjusted to the carrying cost of such assets. All other borrowing costs are charged to Profit and Loss account. according to the participating interest of the Company. (iii) In respect of employees stock options. Q. Employee Benefits (i) Short-term employee benefits are recognised as an expense at the undiscounted amount in the profit and loss account of the year in which the related service is rendered. Sales tax / Value added tax paid is charged to Profit and Loss account. in which case. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. (ii) Post employment and other long term employee benefits are recognised as an expense in the Profit and Loss account for the year in which the employee has rendered services. . Oil and Gas Joint Ventures are in the nature of Jointly Controlled Assets. Accounting for Oil and Gas Activity The Company has adopted Full Cost Method of accounting for its Oil and Gas activity and all costs incurred in acquisition. Provision for Current and Deferred Tax Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income-tax Act.Reliance Industries Limited 125 SCHEDULE ‘N’ (Contd.) L. premium paid and gains / losses on settlement are recognised in the Profit and Loss account except in case where they relate to the acquisition or construction of fixed assets. The expense is recognised at the present value of the amounts payable determined using actuarial valuation techniques. Financial Derivatives and Commodity Hedging Transactions In respect of derivative contracts. assets and liabilities as well as income and expenditure are accounted on the basis of available information on line by line basis with similar items in the Company’s financial statements. Deferred tax resulting from “timing difference” between taxable and accounting income is accounted for using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date. payments made in respect of goods cleared / services provided as also provision made for goods lying in bonded warehouses. the excess of fair price on the date of grant over the exercise price is recognised as deferred compensation cost amortised over the vesting period. Premium on Redemption of Bonds / Debentures Premium on redemption of bonds / debentures. net of tax impact. N. are adjusted against the Securities Premium Account. Actuarial gains and losses in respect of post employment and other long term benefits are charged to the Profit and Loss account. Excise Duty / Service Tax and Sales Tax / Value Added Tax Excise duty / Service tax is accounted on the basis of both. 1961. S. exploration and development are accumulated considering the country as a cost centre.

in crore) Leave Encashment (Unfunded) 2010-11 2009-10 297.80 2009-10 53. New Partnerships. recognised as expense for the year is as under : 2010-11 Employer’s Contribution to Provident Fund Employer’s Contribution to Superannuation Fund Employer’s Contribution to Pension Scheme 63. 1952. The Company’s Provident Fund is exempted under section 17 of Employees’ Provident Fund and Miscellaneous Provisions Act.67 297.08 17. the disclosures as defined in the Accounting Standard are given below : Defined Contribution Plans Contribution to Defined Contribution Plans. in the interest rate declared by the trust vis-a-vis statutory rate.98 300. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method.126 New Businesses. which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. SCHEDULE ‘N’ (Contd. Contingent Liabilities and Contingent Assets Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Notes on Accounts SCHEDULE ‘O’ 1. The obligation for leave encashment is recognised in the same manner as gratuity. New Technologies.77 16.98 36. Conditions for grant of exemption stipulate that the employer shall make good deficiency.01) (203. regrouped.98 14. if any.00 (Rs.70 15.56 246.13 41.56 (Rs.41) 178. I) Reconciliation of opening and closing balances of Defined Benefit Obligation Gratuity (Funded) 2010-11 2009-10 300.97 39. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year. Defined Benefit Plan The employees’ gratuity fund scheme managed by a Trust (Life Insurance Corporation of India for SEZ unit of the Company) is a defined benefit plan. The previous year’s figures have been reworked.57 28. rearranged and reclassified wherever necessary.34) (14.06 11.56 (9.27 16. Contingent Liabilities are not recognised but are disclosed in the notes. As per Accounting Standard 15 “Employee benefits”. Contingent Assets are neither recognized nor disclosed in the financial statements.14 5.35) (193.41 Defined Benefit obligation at beginning of year Current Service Cost Interest Cost Actuarial (gain) / loss Benefits paid Defined Benefit obligation at year end .41 476.64 28.) T. Provisions.89 12. in crore) 2.73) 382.19 (17.15 24.04 22.

51 4. 0.41 Fair value of Plan assets at beginning of year Expected return on plan assets Actuarial gain / (loss) Employer contribution Benefits paid Fair value of Plan assets at year end Actual return on plan assets III) Reconciliation of fair value of assets and obligations Gratuity (Funded) As at 31st March 2011 Fair value of Plan assets Present value of obligation Amount recognised in Balance Sheet 327.33 100.14 16.18 5.05 69.88 256. in crore) Gratuity (Funded) 2010-11 2009-10 268.05 % Invested As at 31st March.00 36.56 31.88 300.) II) Reconciliation of opening and closing balances of fair value of Plan Assets (Rs.06 2009-10 22.67 2010 297.08 (23.97 (18.70 24.89 2.98 55.72 49.00 .67 178.12 0.68 IV) Expenses recognised during the year (Under the head “Payments to and Provisions for Employees”Refer Schedule ‘L’) (Rs. in crore) Gratuity Leave Encashment (Funded) (Unfunded) 2010-11 Current Service Cost Interest Cost Expected return on Plan assets Actuarial (gain) / loss Net Cost V) Investment Details : As at 31st March.13 268.77 2.73) 327.76 6.46 74.04 77.98 (17. in crore) Leave Encashment (Unfunded) As at 31st March 2011 178.82 2010-11 16.77) 22.15 9.34) (14.14 23.15 17.45 0.57 41.47 43.27 2009-10 5. 2011 GOI Securities Public Securities State Government Securities Private Sector Securities [includes Equity Shares of Reliance Industries Limited.18 100.85 2010 268.Reliance Industries Limited 127 SCHEDULE ‘O’ (Contd.38 0. NIL (Previous Year Rs.27 28. of Rs.03 12.56 74.04 24.41 297.13 (9.35) 24.52) 37. 2010 11.88 25.13 382.52 18.15 crore)] Insurance Policies Others (including bank balances) 9.49 (Rs.

(a) Payment to Auditors: (Rs.54 5. promotion and other relevant factors including supply and demand in the employment market.98 crore) and sales during trial run period of Rs.75 crore (Previous Year Rs.5% Rate of escalation in salary (per annum) 6% 6% 6% 6% The estimates of rate of escalation in salary considered in actuarial valuation.45 5. 5. 2.22 0. The above information is certified by the actuary.68 3.5% 8.98 crore (Previous Year Rs. 79.75 (b) Commission to Non-Executive Directors .95 0. The expected rate of return on plan assets is determined considering several applicable factors.06 6.25% 7.25% 7. 19.48 crore) and an equivalent amount. Consequent to the said revaluation there is an additional charge of depreciation of Rs.38 (iv) Expenses Reimbursed 0. NIL (Previous Year Rs.26 crore).02 13.980. The Gross Block of Fixed Assets includes Rs.121. New Partnerships.55 0. The Company announced a Voluntary Separation Scheme (VSS) for the employees of one of the units during the year.36 40.60 (b) Cost Audit Fees 0.94 0. in crore) 2010-11 2009-10 (i) Audit Fees 6.121. in crore) 2009-10 7. 38. assessed risks. Turnover includes Income from Services of Rs.95 6. has been withdrawn from Revaluation Reserve and credited to the Profit and Loss Account. 70. 6.25% 7. seniority.70 (ii) Tax Audit Fees 0.90 1.128 New Businesses.22 Managerial Remuneration: (Included under the head “Payments to and Provisions for Employees”) (a) Remuneration to Managing Director / Executive Directors 2010-11 (i) (ii) (iii) (iv) (v) (vi) Salaries Perquisites and allowances Commission Leave salary / Encashment Contribution to Provident fund and Superannuation fund Provision for Gratuity 7. 2.633. historical results of return on plan assets and the Company’s policy for plan assets management. 7.5% Expected rate of return on plan assets (per annum) 8.88 0. New Technologies.50 (iii) For Certification and Consultation in finance and tax matters 6. 143.67 1.56 crore) has been paid during the year and debited to Profit and Loss Account under the head “Payments to and Provisions for Employees”.23 40.42 5.) VI) Actuarial assumptions Gratuity Leave Encashment (Funded) (Unfunded) 2010-11 2009-10 2010-11 2009-10 Mortality Table (LIC) 1994-96 1994-96 1994-96 1994-96 (Ultimate) (Ultimate) (Ultimate) (Ultimate) Discount rate (per annum) 8. SCHEDULE ‘O’ (Contd.95 crore (Previous Year Rs.58 crore (Previous Year Rs. 4. 2. (Rs.50 0.90 12.98 crore) on account of revaluation of Fixed Assets carried out in the past. 38. A sum of Rs. This has no impact on profit for the year.55 1. mainly the composition of Plan assets held.52 25.57 19. take into account inflation.

241.477. Pursuant to the scheme of arrangement to demerge certain undertakings which was approved by the Hon'ble High Court of Bombay on 9th December. (Previous Year @ 0. 55.127.09 53.33 24.92 79. 81. There have been certain claims relating to the above demerger / demerged undertakings which have been settled by the Company during the year and an additional amount of Rs.28 18.547.21 crore (Previous Year Rs.26 339. Perquisites and Commission to Managing Director / Executive Directors calculated @ 0.Reliance Industries Limited 129 SCHEDULE ‘O’ (Contd.53 29.23 28.19 crore) towards sitting fees paid to non-executive directors.03 31.68 238. in crore) 2009-10 20. Expenditure on account of Premium on forward exchange contracts to be recognised in the Profit and Loss account of subsequent accounting period aggregates Rs.24 13.46 89. 703.37 crore (Previous Year Rs.28 17.58 57.338.55 16. 2.83 crore (net debit) [Previous Year Rs.47 22.92 35.35 9.94 (c) General Expenses include Rs.81 38. 0.35 crore (net debit)] is included under establishment expenses representing Net Prior Period Items.38 36. 9.607.66 crore).44 19.52 crore has been appropriated against Revaluation Reserve. 1956: 2010-11 Profit before Taxation Add: Depreciation as per accounts Loss on sale / discarding of Fixed Assets Investment written off (net) Managerial Remuneration Less: Depreciation as per Section 350 of Companies Act.49 (Rs.53 16.383.88 69.40%) Less: Salaries & Perquisites of the Managing Director / Executive Directors eligible for commission Commission eligible Commission Restricted to 25.44 10.242. 1.40% of the Net profit.943.496. 8. 0. . A sum of Rs. 2005. the Company had demerged assets and liabilities relatable to those demerged undertakings on the close of business on 31st August 2005. 1956 Premium on Investment in Preference Shares Profit on sale of Fixed Assets Profit on Sale of Current Investments (net) Net Profit for the year Salaries.01 0.) Computation of net profit in accordance with Section 349 of the Companies Act.43 25. 10.66 13.

55 44.) 11.87 (b) In respect of Fixed Assets acquired on finance lease on or after 1st April.28 111. New Partnerships. 12.27 crore (Previous Year Rs.37 120.47 79.130 New Businesses. SCHEDULE ‘O’ (Contd.75 48.95 52.22 5.42 10. 2001 Particulars (Rs.16 206.87 crore). 2011 are as follows: (Rs.04 Later than one year and not later than five years 145.56 92.27 2009-10 0. 4. 2001. (a) Fixed assets taken on finance lease prior to 1st April.50 20.20 3. (a) (i) Assets given on finance lease on or after 1st April.34 1.99 37.94 14.36 28. (b) Miscellaneous income includes income from finance lease of Rs. New Technologies. amount to Rs.02 24. (ii) Assets are taken on lease over a period of 3 to 15 years.78 1. 2011 amount to Rs.70 18.97 19.61 85.30 148.36 crore (Previous Year Rs.24 85.71 334.75 20.77 291. 8.77 95.20 4. the minimum lease rentals outstanding as on 31st March.71 (c) General Description of Lease terms: (i) Lease rentals are charged on the basis of agreed terms.58 2.05 69.78 crore (Previous Year Rs. 4.14 crore).51 109. (Rs. . 512.35 4. 512. 2001.34 1. in crore) 2010-11 Within one year Later than one year and not later than five years Later than five years Total 0.47 4.58 2.06 63. • Assets are given on lease for a period of five years.50 24. in crore) Later than one Later than year and not later five years than five years 2010-11 2009-10 2010-11 2009-10 2010-11 2009-10 2010-11 2009-10 48.49 17.22 27. in crore) Total Minimum Future interest Present value of Lease Payments on Outstanding Minimum outstanding Lease Payments Lease Payments As at 31st March As at 31st March 2011 2010 2010-11 2009-10 2011 2010 Within one year Later than five years Total 36.95 4.42 Total Not later than one year 44. Future obligations towards lease rentals under the lease agreements as on 31st March.72 30.43 223.05 - Gross Investment Less: Unearned Finance Income Present Value of Minimum Lease Rental (ii) General Description of Lease terms: • Lease rentals are charged on the basis of agreed rate of interest.74 17.73 148. 5.36 crore).

92 17.00 (Rs.50 1.296. b. in crore) Weighted Average number of equity shares used as denominator for calculating EPS 20.00 10.73 19.217.18.07 504.19 30.72 1.75 180. The deferred tax liability comprise of the following: As at 31st March.848* 49.20 Opening Balance Add: Transferred from Profit and Loss Account Schedule – L Interest Capitalised (Rs.92 983.81 2. PROJECT DEVELOPMENT EXPENDITURE (in respect of Projects up to 31st March.742.095.00 14. 1961 11.53 1. in crore) 2009-10 17. 2011 a.26 474.561.33 1.Reliance Industries Limited 131 SCHEDULE ‘O’ (Contd.67 3. in crore) As at 31st March.235. 15.95 10.03 .843.886.30 3.51.) 13.27.98. EARNINGS PER SHARE (EPS) iii) Basic and Diluted Earnings per share (Rs.453.25 242.26.032 62. 2010 11.30 2009-10 16.957.62. 2011. included under Capital work-in-progress) 2010-11 1.80 2010-11 i) ii) Net Profit after tax as per Profit and Loss Account attributable to Equity Shareholders (Rs.169.286.926.) * Adjusted for issue of bonus shares in 2009-10 in the ratio of 1:1.65 10.453.201. Deferred Tax Liability Related to fixed assets Deferred Tax Assets Disallowance under the Income Tax Act.20 Less: Project Development Expenses Capitalised during the year Closing Balance 71.) iv) Face Value per equity share (Rs.95 11.

RELATED PARTY DISCLOSURES : As per Accounting Standard 18. New Technologies. No.f. 01.e. 01.132 New Businesses.f.2010) 28 Gulf Africa Petroleum Corporation 29 Transenergy Kenya Limited 30 Recron (Malaysia) Sdn Bhd 31 Reliance Retail Travel & Forex Services Limited 32 Reliance Brands Limited 33 Reliance Footprint Limited 34 Reliance Trends Limited 35 Reliance Wellness Limited 36 Reliance Lifestyle Holdings Limited 37 Reliance Universal Ventures Limited .V. 8 Reliance Haryana SEZ Limited 9 Reliance Fresh Limited 10 Retail Concepts and Services (India) Limited 11 Reliance Retail Insurance Broking Limited 12 Reliance Dairy Foods Limited 13 Reliance Exploration & Production DMCC 14 Reliance Retail Finance Limited 15 RESQ Limited 16 Reliance Global Management Services Limited (amalgamated with Reliance Corporate IT Park Limited w.04.e. New Partnerships. Name of the Related Party Relationship 1 Reliance Industrial Investments and Holdings Limited 2 Reliance Ventures Limited 3 Reliance Strategic Investments Limited 4 Reliance Industries (Middle East) DMCC 5 Reliance Jamnagar Infrastructure Limited 6 Reliance Retail Limited 7 Reliance Netherlands B. the disclosures of transactions with the related parties as defined in the Accounting Standard are given below: (i) List of related parties where control exists and related parties with whom transactions have taken place and relationships: Sr.2010) 17 Reliance Commercial Associates Limited 18 Reliancedigital Retail Limited 19 Reliance Financial Distribution and Advisory Services Limited Subsidiary Companies 20 RIL (Australia) Pty Limited 21 Reliance Hypermart Limited 22 Gapco Kenya Limited 23 Gapco Rwanda SARL 24 Gapco Tanzania Limited 25 Gapco Uganda Limited 26 Gapoil (Zanzibar) Limited 27 Gapoil Tanzania Limited (amalgamated with Gapco Tanzania Limited w.) 16. SCHEDULE ‘O’ (Contd.08.

Reliance Gas Corporation Limited Reliance Global Energy Services Limited Reliance One Enterprises Limited Reliance Global Energy Services (Singapore) Pte.) Sr. Ltd. No.Reliance Industries Limited 133 SCHEDULE ‘O’ (Contd.V. Name of the Related Party 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 Delight Proteins Limited Reliance Autozone Limited Reliance F&B Services Limited Reliance Gems and Jewels Limited Reliance Integrated Agri Solutions Limited Strategic Manpower Solutions Limited Reliance Agri Products Distribution Limited Reliance Digital Media Limited Reliance Food Processing Solutions Limited Reliance Home Store Limited Reliance Leisures Limited Reliance Loyalty & Analytics Limited Reliance Retail Securities and Broking Company Limited Reliance Supply Chain Solutions Limited Reliance Trade Services Centre Limited Reliance Vantage Retail Limited Wave Land Developers Limited Reliance-Grand Optical Private Limited Reliance Universal Commercial Limited Reliance Petroinvestments Limited Reliance Global Commercial Limited Reliance People Serve Limited Reliance Infrastructure Management Services Limited Reliance Global Business. Reliance Personal Electronics Limited Reliance Polymers (India) Limited Reliance Polyolefins Limited Reliance Aromatics and Petrochemicals Limited Reliance Energy and Project Development Limited Reliance Chemicals Limited Reliance Universal Enterprises Limited International Oil Trading Limited Reliance Review Cinema Limited Reliance Replay Gaming Limited Reliance Nutritional Food Processors Limited RIL USA Inc. Reliance Commercial Land & Infrastructure Limited Reliance Corporate IT Park Limited Reliance Eminent Trading & Commercial Private Limited Reliance Progressive Traders Private Limited Relationship Subsidiary Companies . B.

2010) Reliance Corporate Center Limited Reliance Convention and Exhibition Center Limited Central Park Enterprises DMCC Reliance International B. Reliance Exploration and Production Limited Reliance Holding USA Inc. V. V. Indiawin Sports Private Limited Reliance Holding Netherlands B. Reliance Exploration and Production B.) Sr.134 New Businesses.04. New Partnerships. Reliance Marcellus LLC Infotel Broadband Services Limited Reliance Strategic (Mauritius) Limited Reliance Eagleford Midstream LLC Reliance Eagleford Upstream LLC Reliance Eagleford Upstream GP LLC Reliance Eagleford Upstream Holding LP Mark Project Services Private Limited Reliance Energy Generation and Distribution Limited Reliance Marcellus II LLC Reliance Security Solutions Limited Reliance Industries Investment and Holding Limited Reliance Office Solutions Private Limited Reliance Style Fashion India Limited GenNext Innovation Ventures Private Limited GenNext Ventures Private Limited Reliance Home Products Limited Infotel Telecom Limited Reliance Styles India Private Limited Rancore Technologies Private Limited Relationship Subsidiary Companies . 01. Reliance Corporate Services Limited Reliance Oil and Gas Mauritius Limited Reliance Exploration and Production Mauritius Limited Reliance Holding Cooperatief U. No. Name of the Related Party 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 Reliance Prolific Traders Private Limited Reliance Universal Traders Private Limited Reliance Prolific Commercial Private Limited Reliance Comtrade Private Limited Reliance Ambit Trade Private Limited Reliance Petro Marketing Limited LPG Infrastructure (India) Limited Reliance Infosolutions Private Limited (amalgamated with Reliance Corporate IT Park Limited w. V.f.e. V. SCHEDULE ‘O’ (Contd. Reliance International Gas B.A. New Technologies.

72 5. No. 6. 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 Name of the Related Party Reliance Industrial Infrastructure Limited Reliance Europe Limited Reliance LNG Limited Indian Vaccines Corporation Limited Gujarat Chemicals Port Terminal Company Limited Reliance Utilities and Power Private Limited Reliance Utilities Private Limited Reliance Ports and Terminals Limited Reliance Gas Transportation Infrastructure Limited Shri Mukesh D.f.418. 4.42 429.54 7. Meswani Shri Hital R.812.66 474.43) 17.26 960.25 6.08 2.45 505. 3.92 5.M.57 9.) Sr. Meswani Shri P. 2. Prasad Shri P.124. in crore) Subsidiaries Associates Key Managerial Others Total Personnel 238.38 450.Reliance Industries Limited 135 SCHEDULE ‘O’ (Contd.23 1.25 24.45 1.037.593.43) 16.26 960.84 6. Nature of Transactions (Excluding reimbursements) Purchase of Fixed Assets Purchase / Subscription of Investments Sale / Redemption of Investments Net Loans and advances given / (returned) Turnover Other Income Purchases / Material Consumed Electric Power.326.83 2.e.440.63 917.Kapil (w.30 238.25 6.63 52. Ambani Shri Nikhil R.51 155.337.80 9.22 456.540.46 (2.90 (8.24 45.63 18. 7. No.482. 5. 8.S.415.152.K. Fuel and Water (Rs.55 5.90 506.00) 218.820.00 917.399. 1.30 .51 1.993.80 0.77 212. 16th May 2010) Dhirubhai Ambani Foundation Jamnaben Hirachand Ambani Foundation Hirachand Govardhandas Ambani Public Charitable Trust HNH Trust and HNH Research Society Reliance Foundation Relationship Associates Key Managerial Personnel Enterprises over which Key Managerial Personnel are able to exercise significant influence (ii) Transactions during the year with related parties : Sr.043.56 (2.54 7.31 0.

91 26.409.22 3.978.790.31 339. 10.637. 23. 13. 21.67 40. 22.32 127.18 9. 24. 18. cash calls to the extent of Rs. 2.757.79 40.97 19.87 1. 17.45 18.13 0. 12.62 559.18 584.83 1.40 3.19 11. Inc amounting to Rs.45 20.48 21.55 crore. 15.423.82 19.588.033.71 3. Investments Sundry Debtors Loans & Advances Sundry Creditors Financial Guarantees Performance Guarantees Note : 1.61 2.427.47 7.998.08 20.62 559.03 40.98 12.67 40.97 0. in crore) Subsidiaries Associates Key Managerial Others Personnel 40.69 50.383.26 18.04 19.00 9.69 crore have been made by the JV Partners and settled by the subsidiary.93 2.82 28. 9.90 26. Nature of Transactions (Excluding reimbursements) Hire Charges Manpower Deputation Charges Payment to Key Managerial Personnel Sales and Distribution Expenses Rent Professional Fees General Expenses Donations Interest Expenses Investment written off (net) (Rs.437.50 670.13 128.50 91.67 20.54 14. 11. 9. 16.356.48 85.31 13.90 2.03 2. Figures in italics represent Previous Year’s amounts.32 9. The Company has issued guarantees against future cash calls to be made by JV Partners of its wholly owned subsidiary Reliance Holding USA.02 2. 2011 19.88 21.87 18.72 563.48 21.56 2.50 789. 14.42 72.59 2.26 18.152.38 22.604.00 21.38 2.18 21.921.84 17.622.05 5. New Partnerships.07 51.03 7. 1. 20.00 62.35 2.53 7.97 Total 789. During the year.01 170.19 331.136 New Businesses. No.80 715. SCHEDULE ‘O’ (Contd.085.13 111.85 120.532.68 113.75 42.01 1.297.571. New Technologies.209.431.317. .27 126.777.62 40.03 Balance as at 31st March.) Sr.890.17 414.

NIL). NIL). 17.01 crore). Reliance Infosolutions Private Limited Rs. 2.55 crore).70 crore (Previous Year Rs. 0. 1. Advances in the nature of application / call money advances to Reliance Retail Limited Rs.875.454. 658. NIL). NIL (Previous Year Rs. NIL (Previous Year Rs.15 crore (Previous Year Rs. NIL (Previous Year Rs. 2. Reliance Exploration & Production Mauritius Limited Rs.220.45 crore). Reliance Corporate IT Park Limited Rs. NIL) (Including conversion of share application money of Rs. Gapco Tanzania Limited Rs.07 crore). Reliance Industrial Investments and Holdings Limited Rs. 52. Gapco Tanzania Limited Rs. Gapco Kenya Limited Rs.V. Reliance Utilities Private Limited Rs. Turnover include to Reliance Jamnagar Infrastructure Limited Rs. Rs. 17.92 crore). Reliance Industrial Infrastructure Limited Rs.66 crore (Previous Year Rs.00 crore). Infotel Broadband Services Limited Rs. Purchase of Fixed Assets include Reliance Home Store Limited Rs.16 crore (Previous Year Rs. Gapco Tanzania Limited Rs. Reliance Global Business B.51 crore). NIL). 17.68 crore). NIL (Previous Year Rs. Gujarat Chemicals Port Terminal Company Limited Rs.19 crore (Previous Year Rs. Gapoil 3.00 crore (Previous Year Rs. Reliance Petro Marketing Limited Rs. 10. 0. 3.492. 324. Reliance Corporate IT Park Limited Rs. 5.03 crore). 1. Recron (Malaysia) Sdn Bhd Rs. 11. 12. 2. 65. NIL (Previous Year Rs.347. NIL). 87. NIL).00 crore).V. 101.155. 191. 10.79 crore (Previous Year Rs.61 crore). Reliance Gas Corporation Limited Rs. Gujarat Chemicals Port Terminal Company Limited Rs. NIL (Previous Year Rs. 226. NIL (Previous Year Rs.39 crore (Previous Year Rs.70 crore). 262. 135. Reliance Exploration & Production DMCC Rs. 89. Reliance Industries (Middle East) DMCC Rs.05 crore (Previous Year Rs.750. NIL (Previous Year Rs. 4.00 crore).00 crore of Previous Year into Equity Shares). Reliance Food Processing Solutions Limited Rs. Reliance Strategic Investments Limited Rs.66 crore (Previous Year Rs. 3.31 crore). Reliance Exploration & Production DMCC Rs.03 crore). 24.51 crore). 808.40 crore). Reliance Prolific Traders Private Limited Rs. Reliance Ports and Terminals Limited Rs. Infotel Broadband Services Limited Rs. 196. Reliance Retail Limited Rs.25 crore (Previous Year Rs.00 crore).84 crore (Previous Year Rs. 180. NIL (Previous Year Rs. 213.83 crore (Previous Year Rs. 1.03 crore (Previous Year Rs. NIL (Previous Year Rs.216.17 crore (Previous Year Rs.00 crore (Previous Year Rs. 52. Reliance Ports and Terminals Limited Rs.31 crore). 18.40 crore (Previous Year Rs. 364. Reliance Exploration & Production DMCC Rs.02 crore (Previous Year Rs. 749. Reliance Trends Limited Rs. NIL (Previous Year Rs. Gapoil Tanzania Limited Rs. NIL). Purchase / Subscription of Investments include Reliance Strategic Investments Limited Rs.30 crore). 4.90 crore (Previous Year Rs.16 crore (Previous Year Rs.22 crore (Previous Year Rs.Reliance Industries Limited 137 SCHEDULE ‘O’ (Contd. 39. 6.53 crore (Previous Year Rs. 373. 14.45 crore (Previous Year Rs.15 crore (Previous Year Rs.78 crore).10 crore). 33. 25. 350.62 crore). 230. Loans returned during the year include Reliance Industries (Middle East) DMCC Rs. Reliance Oil & Gas Mauritius Limited Rs. Reliance Jamnagar Infrastructure Limited Rs. NIL (Previous Year Rs. 1. 2. 19.05 crore). 2. NIL (Previous Year Rs.05 crore (Previous Year Rs.47 crore (Previous Year Rs. NIL (Previous Year Rs. 0.40 crore (Previous Year Rs. 439. 7. 22.32 crore). Reliance Ventures Limited Rs. 19. 1.47 crore). NIL). 209. NIL (Previous Year Rs.19 crore). 4. Rs.09 crore (Previous Year Rs. 10.209. Reliance Jamnagar Infrastructure Limited Rs. 99. Rs.81 crore).00 crore). 45. 238.13 crore (Previous Year Rs. 6. 0. 19. NIL). Reliance Gems and Jewels Limited Rs. NIL (Previous Year Rs. NIL (Previous Year Rs. 4. 0. 17. . NIL) (Including conversion of share application money of Rs.37 crore). RIL (Australia) Pty Limited Rs. NIL). 523.07 crore).87 crore). Reliance Gas Transportation Infrastructure Limited Rs.97 (Previous Year Rs.00 crore). NIL). 6. 41. 4. Reliance Exploration & Production DMCC Rs. NIL (Previous Year Rs. NIL (Previous Year Rs.00 crore).86 crore). RIL USA Inc. 40.207.07 crore). 1.72 crore (Previous Year Rs.92 crore).31 crore).59 crore (Previous Year Rs.63 crore (Previous Year Rs. Reliance Gas Transportation Infrastructure Limited Rs.19 crore (Previous Year Rs. Loans given during the year include Reliance Industrial Investments and Holdings Limited Rs. Reliance Global Business B. NIL). Gapco Kenya Limited Rs. 4. 71. 112.88 crore (Previous Year Rs. 0. Reliance Industries (Middle East) DMCC Rs. 0. LPG Infrastructure (India) Limited Rs. NIL).65 crore (Previous Year Rs. 2. NIL (Previous Year Rs.78 crore).96 crore (Previous Year Rs.25 crore). Gapco Kenya Limited Rs. 19.) Disclosure in Respect of Material Related Party Transactions during the year : 1. Reliance Gas Transportation Infrastructure Limited Rs.00 crore of Previous Year into Equity Shares). Other Income from Reliance Industrial Investments and Holdings Limited Rs. 2. 6.749.46 crore). 0. Gapoil Tanzania Limited Rs. Gujarat Chemicals Port Terminal Company Limited Rs. Sale / redemption of Investments include Reliance Strategic Investments Limited Rs. Reliance Exploration & Production DMCC Rs. Reliance Corporate IT Park Limited Rs.28 crore (Previous Year Rs. 1. 592. Reliance Retail Limited Rs.65 crore (Previous Year Rs.35 crore (Previous Year Rs. 0. Reliance Ventures Limited Rs.37 crore). Reliance Industrial Investments and Holdings Limited Rs. NIL).95 crore). 948. NIL (Previous Year Rs. 3. Reliance Fresh Limited Rs.38 crore). Reliance Industrial Investments and Holdings Limited Rs. 726.63 crore).027. NIL (Previous Year Rs. NIL (Previous Year Rs. 58.58 crore (Previous Year Rs. Reliance Retail Limited Rs. 613.39 crore). 2.99 crore (Previous Year Rs. 4. 883.70 crore).28 crore).19 crore).

Shri P. 1.30 crore (Previous Year Rs. Reliance Industrial Infrastructure Limited Rs. Reliance Corporate IT Park Limited Rs. Professional Fees paid to Reliance Financial Distribution and Advisory Services Limited Rs. Reliance Utilities Private Limited Rs. NIL (Previous Year Rs.43 crore). 43.00 crore (Previous Year Rs. Reliance Industrial Infrastructure Limited Rs. 0. 3.00 crore). 9. 0.61 crore).51 crore).48 crore (Previous Year Rs. 9. 2.37 crore (Previous Year Rs. 652.96 crore (Previous Year Rs.25 crore). 13. 10.01 crore). 15. NIL (Previous Year Rs. NIL (Previous Year Rs. 2. Hire Charges paid to Reliance Industrial Infrastructure Limited Rs. Shri Hital R. 1. 1. 2.74 crore). 107.38 crore). Reliance Ports and Terminals Limited Rs.25 crore (Previous Year Rs. Reliance Eagleford Upstream Holding LP Rs. 60. 0.00 crore). Reliance Polyolefins Limited Rs.78 crore (Previous Year Rs. Shri P. 8. Fuel and Water charges paid to Reliance Utilities and Power Private Limited Rs. 0. 15. Reliance Ports and Terminals Limited Rs. 11. 18.99 crore (Previous Year Rs.50 crore (Previous Year Rs. 5. 3. NIL). 5. 12.90 crore (Previous Year Rs. Reliance Gems and Jewels Limited Rs. NIL (Previous Year Rs. NIL). 17.83 crore). 1. NIL). NIL (Previous Year Rs. 17.66 crore (Previous Year Rs.04 crore (Previous Year Rs.26 crore (Previous Year Rs. Investment written off (net) includes Gujarat Chemicals Port Terminal Company Limited Rs. Jamnaben Hirachand Ambani Foundation Rs. Reliance Fresh Limited Rs. 20. General Expenses include to Reliance Hypermart Limited Rs.45 crore (Previous Year Rs. 19. NIL (Previous Year Rs.25 crore). Reliance Jamnagar Infrastructure Limited Rs.51 crore (Previous Year Rs.73 crore (Previous Year Rs. Reliance Ports and Terminals Limited Rs. 1.03 crore (Previous Year Rs. 1. 9.40 crore (Previous Year Rs.05 crore (Previous Year Rs. Reliance Universal Ventures Limited Rs. 285.47 crore (Previous Year Rs. 21. NIL). Rs.12 crore).48 crore (Previous Year Rs.75 crore (Previous Year Rs.58 crore (Previous Year Rs. 1. 16. Ravimohan Rs.K. 11. 6. Shri R. 102. 33. Reliance Retail Limited Rs. NIL). 33. 2. Manpower Deputation Charges to Reliance Retail Limited Rs.47 crore). Infotel Broadband Services Limited Rs. 9. 4. 2.63 crore (Previous Year Rs. Prasad Rs.M.138 New Businesses. Gujarat Chemicals Port Terminal Company Limited Rs. Reliance Infosolutions Private Limited Rs. 9. 10. 1. NIL (Previous Year Rs. 314. 291.57 crore). 48. NIL (Previous Year Rs. 16. 674. NIL). 11.60 crore). 14. 1.14 crore). 8. 18. 72.09 crore (Previous Year Rs.47 crore).32 crore). Reliance Netherlands B. NIL (Previous Year Rs. Meswani Rs. NIL (Previous Year Rs.20 crore).69 crore (Previous Year Rs. 373. Interest Expenses include to Reliance Corporate IT Park Limited Rs. Reliance Retail Limited Rs. 625. 74. 21. Reliance Trends Limited Rs. NIL (Previous Year Rs. NIL (Previous Year Rs. 5.62 crore).86 crore).43 crore (Previous Rs. Shri H. S.24 crore (Previous Year Rs.21 crore).03 crore). Recron (Malaysia) Sdn Bhd Rs.49 crore).00 crore (Previous Year Rs. 11.77 crore). HNH Trust and HNH Research Society Rs. Rent paid to Reliance Supply Chain Solutions Limited Rs.35 crore). Meswani Rs. Reliance Infosolutions Private Limited Rs. RIL USA Inc. Electric Power. NIL (Previous Year Rs. NIL). Reliance Ports and Terminals Limited Rs. 392. Donations to Dhirubhai Ambani Foundation Rs. 20. 7.30 crore (Previous Year Rs.00 crore (Previous Year Rs. 3. 13. NIL).14 crore (Previous Year Rs.00 crore). Sales and Distribution Expenses include to Reliance Retail Limited Rs. Rs.10 crore (Previous Year Rs. Kapil Rs.22 crore (Previous Year Rs. 2.31 crore (Previous Year Rs.40 crore (Previous Year Rs. 5. 32. 1. 11. 3.97 crore). 13.57 crore).85 crore (Previous Year Rs. 2. Reliance Petro Marketing Limited Rs.01 crore (Previous Year Rs. Gujarat Chemicals Port Terminal Company Limited Rs. 7. Reliance Gas Transportation Infrastructure Limited Rs.86 crore (Previous Year Rs. NIL). 54. Reliance Europe Limited Rs. 9. 2.14 crore). SCHEDULE ‘O’ (Contd. 11. NIL).81 crore).00 crore).00 crore). Purchases / material consumed from Recron (Malaysia) Sdn Bhd Rs.S.60 crore (Previous Year Rs. 4. Reliance Europe Limited Rs. 34. 1.30 crore). 48. 3.84 crore (Previous Year Rs. Reliance Industrial Infrastructure Limited Rs. 48. Reliance Supply Chain Solutions Limited Rs. Rs. NIL). NIL).00 crore). Reliance Footprint Limited Rs.72 crore). Ambani Rs.88 crore). Reliance Marcellus LLC Rs. Gujarat Chemicals Port Terminal Company Limited Rs. New Technologies. .00 crore).05 crore). 1.83 crore).V. 0. 9. 18.30 crore). NIL).56 crore). Reliance Fresh Limited Rs.00 crore (Previous Year Rs. Reliance Corporate IT Park Limited Rs.39 crore (Previous Year Rs. 1. New Partnerships. 15. NIL (Previous Year Rs. 1. Reliance Fresh Limited Rs. 0. Shri Nikhil R. 72.48 crore (Previous Year Rs.12 crore).05 crore (Previous Year Rs.42 crore (Previous Year Rs.17 crore). Reliance Ports and Terminals Limited Rs. 21. 4. Reliance People Serve Limited Rs. 8.18 crore (Previous Year Rs. Kohli Rs. Reliance Gas Transportation Infrastructure Limited Rs.14 crore). 0.97 crore (Previous Year Rs. Payment to Key Management Personnel include to Shri Mukesh D.74 crore (Previous Year Rs.561. Strategic Manpower Solutions Limited Rs.83 crore).13 crore).53 crore).33 crore (Previous Year Rs. 1. Reliance Holdings USA Inc.) Tanzania Limited Rs. NIL).13 crore). 2. 2. 36. Reliance Retail Travel & Forex Services Limited Rs. 4.45 crore). 163.524.

96 24. Reliance Global Business B.000 26.Reliance Industries Limited 139 SCHEDULE ‘O’ (Contd.997.34 199.17 30.89. As at 31st As at 31st March. B) (i) Investment by the loanee in the shares of the Company *None of the loanees and loanees of subsidiary companies have.000 50.48 crore (Previous Year Rs.V. per se. (c) Loans to employees as per Company's policy are not considered.10.000 303. 2011 March.000 38. 1. made investments in shares of the Company.649. 3.000 18. (b) All the above loans and advances are interest bearing except for an amount of Rs.55 136.) 17. 4. Reliance Industries Investment and Holding Limited No. Name of the Company 1.07 83. Indiawin Sports Private Limited 6.42 22.54 149.997. Reliance Industrial Investments and Holding Limited* Reliance Ventures Limited Reliance Strategic Investments Limited Reliance Retail Limited Gapoil Tanzania Limited Gapco Tanzania Limited Reliance Exploration & Production DMCC Reliance Jamnagar Infrastructure Limited Gujarat Chemicals Port Terminal Company Limited Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate 6. *Reliance Aromatics and Petrochemicals Limited 2. 721. in crore) Sr Name of the Company No. of Shares 4.50 2.50 1.80 24.000 50.898 273. 8. 2010 (Rs.05. 9. 18. 2.55.48 crore) Notes: (a) Loans and Advances shown above. 721. Loans and Advances in the nature of Loans given to Subsidiaries and Associates : A) Loans and Advances in the nature of Loans Sr Name of the Company No.76 150. to Subsidiaries fall under the category of 'Loans & Advances' in nature of Loans where there is no repayment schedule and are re-payable on demand.00.61 114. Reliance Universal Enterprises Limited 5.60 * Excluding Debentures of Rs.45 5.98.73 576.07 514.34 (ii) Investment by Reliance Industrial Investments and Holdings Limited in subsidiaries In Equity Shares : Sr No.86 7.65 154.90 crore paid to Gujarat Chemicals Port Terminal Company Limited for setting up of facility for storage.58. Reliance Gas Corporation Limited 4. These investments represent shares of the Company allotted as a result of amalgamation of erstwhile Reliance Petroleum Limited (amalgamation in 2001-02) and Indian Petrochemicals Corporation Limited with the Company under the Schemes approved by the Hon’ble High Court of Bombay and Gujarat and certain subsequent inter se transfer of shares. in crore) Maximum Balance during the year 6.000 . of Shares Amount No. *Reliance Energy and Project Development Limited 20.82 2.30. (Rs. Reliance Corporate Services Limited 7. 3. 7. 5. 6.000 10. Reliance Commercial Land & Infrastructure Limited 2.

98/3 90% (90%) 10.04 11.000 5. Name of the Company 1. KG – DWN .2000/1 3.20.468 5. Tapti 30% (30%) 8.000 10. CB .11 1.214 5.30.38 7. Reliance International B. GK . (a) Disclosure of the Company’s Interest in Oil and Gas Joint Ventures: Sr.622 185.607 1. GenNext Ventures Private Limited 11.894 11. SCHEDULE ‘O’ (Contd. KG-DWN-2005/2 No. KG – DWN – 2003/1 5.13 1.823 * 1 cubic meter (M3) = 35. Name of the Fields in the Joint Ventures Joint Ventures 1.OSJ – 3 60% (60%) 12.300 12. Name of the Fields in the % Interest Sr. MN – DWN – 2003/1 6. V.97 4. New Partnerships.50.11 Proved Developed Reserves (Million MT) 2010-11 2009-10 8. Reliance Security Solutions Limited 9.607 2.38 8.315 cubic feet and 1 cubic feet = 1000 BTU .536 14.33.02 1. Reliance Industries Investment and Holding Limited 2.839 19. of Shares 24.) Sr No.000 5.000 No.ON/1 2. NEC – OSN .42 1. No.353 14. (b) Net Quantities of Company’s interest (on gross basis) in proved reserves and proved developed reserves : Proved Reserves (Million MT) 2010-11 2009-10 Oil: Beginning of the year Additions Deletion Production Closing balance 11. KG – DWN . Name of the Company 1.823 3.2000/1 90% (90%) 11.622 107. Name of the Company 8.214 Proved Developed Reserves (Million M3*) 2010-11 2009-10 1.00. 2. of Shares 20.362 1. New Technologies.69 1.29 11.771 19.11. Central Park Enterprises DMCC 18.11.97/2 90% (90%) 9.82. Mark Project Services Private Limited 10.04 8. Reliance Commercial Associates Limited In Preference Shares : Sr No.62 Proved Reserves (Million M3*) 2010-11 2009-10 Gas: Beginning of the year Additions Deletion Production Closing balance 2. of Shares 50. AS – ONN .2001/1 4. Panna Mukta 30% (30%) 7.000 367 % Interest NIL (40%) 90% (90%) 90% (90%) 90% (90%) 85% (85%) 50% (70%) Figures in bracket represent Previous Year’s (%) Interest.66 4. No.140 New Businesses.62 0.30.44 1. GS – OSN .000 No.000 50.821 2. GenNext Innovation Ventures Private Limited 12. Infotel Broadband Services Limited (iii) Investment by Reliance Exploration & Production DMCC in subsidiaries In Equity Shares : Sr No.

35 108.20 billion (inclusive of any adjustments for revenue and costs from 1st January.55 crore.04 5.356.) (c) The Company has entered into an arrangement with M/s BP Exploration (Alpha) Limited (BP).Reliance Industries Limited 141 SCHEDULE ‘O’ (Contd.578.380.834.473. 9.53 3. As per Accounting Standard (AS) 17 on “Segment Reporting”.00 crore) as a deposit. Further. amounting to Rs.28 4.637.295.409.57 243.45 4.50 2.0 billion (Rs.97 1. under current liabilities.71 9. future perfomance payments of up to US$ 1.38 23.152.44 822.60 2. 2011 (A) Estimated amount of contracts remaining to be executed on Capital account and not provided for: (i) In respect of joint Ventures (ii) In respect of others (B) Uncalled liability on partly paid Shares (C) Contingent Liabilities (i) Outstanding guarantees furnished to Banks and Financial Institutions including in respect of Letters of credit (a) In respect of joint Ventures (b) In respect of others (ii) Guarantees to Banks and Financial Institutions against credit facilities extended to third parties (a) In respect of joint Ventures (b) In respect of others (iii) Liability in respect of bills discounted with Banks (Including third party bills discounting) (a) In respect of joint Ventures (b) In respect of others (iv) Claims against the Company / disputed liabilities not acknowledged as debts (a) In respect of joint Ventures (b) In respect of others (v) Performance Guarantees (a) In respect of joint Ventures (b) In respect of others (vi) Sales tax deferral liability assigned Note : 9. 9.25 The Company has issued guarantees against future cash calls to be made by JV Partners of its wholly owned subsidiary Reliance Holding USA Inc. cash calls to the extent of Rs.74 2.69 crore have been made by the JV Partners and settled by the subsidiary.80 1. that the Company operates in India.71 15. including KG D6 block subject to obtaining regulatory approvals. 2010 12.56 4. Pursuant to the arrangement.220.8 billion could be paid based on exploration success that results in development of commercial discoveries.93 235. segment information has been provided under the Notes to Consolidated Financial Statements. ADDITIONAL INFORMATION As at 31st March. The accounting entries of the above transaction will be made in the books of account of the Company on the receipt of final regulatory approvals. During the year. The Company has received US$ 2. which is a wholly owned subsidiary of BP Exploration Operating Company Limited.136. in crore) As at 31st March. against the above transaction.34 21. 20. 19.004.467. 1.912. 2011 to the closing date).05 (Rs.616. BP Exploration (Alpha) Limited will pay to the Company an aggregate consideration of US$ 7.270. where BP has agreed to take 30% stake in 23 Oil & Gas production sharing contracts. .

Based on the decisions of the Appellate authorities and the interpretations of other relevant provisions. N.68 crore.A.A. The disputed demand outstanding up to the said Assessment Year is Rs.A.) (D) The Income-Tax assessments of the Company have been completed up to Assessment Year 2008-09. N. N. 22 N. N. N.A. N.000 74.A.200 41.600 N.A.A.094 23. 1.883. N.A.000 180.000 2.000 420. N.A. N. N.A.685.A.050. N.A. the Company has been legally advised that the demand is likely to be either deleted or substantially reduced and accordingly no provision has been made. SCHEDULE ‘O’ (Contd.A.A. N.A.A.400 759.685.000 625. N. N. 21.A.000 182. N.200 41. N.A.A. N.A. N.A.080 116. N.A.600 N. 3.725+ 741.000 15.A.000 180. 3.A.A.A.000 182.A.A. Installed Capacity As at 31st March.983. N.A. N.000 822.A. N.A.400 52.200 733.A. N.000 2. New Technologies. N.000 3.000 1.A.883. N. N. N. N. N.000 168. N. N.050.A.A. N.A. N.117. N.094 23.000 625. N.040 263 20 30 60 1.725+ 741.A.000 24. N. N.A.080 116.000 74. N. N.A.000 141. N.150 141. N. N.000 197.A.W.A.000 2.600 450.000 1. N. N.A.A.612 290. Licensed Capacity As at 31st March.400 759.612 290.000 2.A.A.000 24.115.A. N. N.000 42. 22 N. New Partnerships. N.000 42.300 MT based on average denier of 40 .A.500 80.A. N.A. N.A.000 165.400 419.A. N.400 419.856.A.142 New Businesses. 2011 2010 N. N.400 52. N.000 1.A.000 40.A.A.600 450. 2011 2010 60 1. N.A.000 40. LICENSED AND INSTALLED CAPACITY (As certified by the Management) UNIT i ii iii iv v vi vii viii ix x xi xii xiii C i ii iii D E F G H I i ii iii J K L M N O P Q R i ii S A B Refining of Crude Oil Mill.800 730.A.000 168.040 335 20 30 NA .000 165.A.000 822.Delicensed vide notification No 477(E) dated 27th July 1991 and Press Note No 1 (1998 series) dated 8th June 1998 + Includes 32. N.A. N. N.A.A.000 197.A.A.800 730.856. N. MT Ethylene MT Propylene MT Benzene MT Toluene MT Xylene MT Hydro Cynic Acid MT Ethane Propane Mix MT Caustic Soda Lye/Flakes MT Chlorine MT Acrylonitrile MT Linear Alkyl Benzene MT Butadiene & Other C4s MT Cyclohexane MT Paraxylene MT Orthoxylene MT Toluole MT Poly Vinyl Chloride MT High/Linear Low Density Poly Ethylene MT High Density Polyethylene Pipes MT Poly Butadiene Rubber MT Polypropylene MT Mono Ethylene Glycol MT Higher Ethylene Glycol MT Ethylene Oxide MT Ethyl Vinyl Acetate MT Purified Terephthalic Acid MT Polyester Filament Yarn/Polyester Chips MT Polyester Staple Fibre/ Acrylic Fibre / Chips MT Poly Ethylene Terephthalate MT Polyester Staple Fibre Fill MT Man-made Fibre Spun Yarn on worsted system Nos Man-made fibre on cotton system (Spindles) Nos Man-made Fabrics (Looms) Nos Knitting M/C Nos Solar Photovoltaic Modules M.000 80.000 1. N.A. N. N.A. N. N.A.000 420.200 733.A.A. N.000 3.

036 128.601 163 . PRODUCTION MEANT FOR SALE : Products Crude Oil Gas Petroleum Products Ethylene Propylene Benzene Toluene Caustic Soda lye / Flakes Acrylonitrile Linear Alkyl Benzene Butadiene Cyclohexane Paraxylene Orthoxylene Poly Vinyl Chloride Polyethylene High Density Polyethylene Pipes Poly Butadiene Rubber Polypropylene Ethylene Glycol Purified Terephthalic Acid Polyester Filament Yarn Polyester Staple Fibre Poly Ethylene Terephthalate Polyester Staple Fibre Fill Fabrics Unit MT BBTU ‘000 MT MT MT MT MT MT MT MT MT MT MT MT MT MT Mtrs.614 180 2009-10 1. Schedule VI to the Companies Act.398. 23.894 2.938 357.983 624.668 69. vide General Circular No.033 627.269 514.158 46.934 29.306.138 39. In lacs MT MT MT MT MT MT MT MT Mtrs.301(E) dated 8th February 2011 issued under Section 211(3) of the Companies Act.057 564.095 662.813 102. S.667 96.017 93 76.Reliance Industries Limited 143 SCHEDULE ‘O’ (Contd.509 610.244 622.097 810.1956 have not been provided.831 630.608 162. 2 and 3 dated 8th February 2011 and 21st February 2011 respectively has granted a general exemption from compliance with section 212 of the Companies Act.157 46.462 162. 3(ii)(b) and 3(ii)(d) of Part II. 1956.797 435. Government of India vide its General Notification No.254 108.021.191 59.525 27 6.018 1.200 102. 3(ii)(a).598 301.023 352.) 22.312 51.261 2.496.963 124. (b) The Ministry of Corporate Affairs.433 631. The Company being an ‘export oriented company’ is entitled to the exemption. (a) The Ministry of Corporate Affairs.780 970.057. Government of India.895 605.631 37.906 96 72.857 314.099 265.787 796. The Company has satisfied the conditions stipulated in the circular and hence is entitled to the exemption.O.076 357 28. 1956 has exempted certain classes of companies from disclosing certain information in their profit and loss account. Accordingly. subject to fulfillment of conditions stipulated in the circular. in Lacs 2010-11 1. disclosures mandated by paragraphs 3(i)(a).896 399. Necessary information relating to the subsidiaries has been included in the Consolidated Financial Statements.195 486.

545 1. 1 2 3 4 Particulars Interest Rate Swaps Currency Swaps Options Forward Contracts As at 31st March.585.050.583.180.63 1.39 2.900 4. New Partnerships.76 44.420 9. 2010 Petroleum Crude Oil Petroleum Crude oil product sales purchases product sales purchases 14. No.50 501. 1 2 3 4 Particulars Forward swaps Futures Spreads Options As at 31st March.75 (ii) For hedging commodity related risks : Category wise break up is given below : (in Kbbl) Sr.083. NIL (Previous Year Rs.144 New Businesses.070 9. Chemicals and Packing Materials Capital goods 2010-11 1.42 Crore). 94.190. 2011 34.253.442. 50.95 As at 31st March.83 2009-10 1.430.914.59 crore (Previous Year Rs.02 crore. Financial and Derivative Instruments a) Derivative contracts entered into by the Company and outstanding as on 31st March.453 51.567.52.74.757 2. New Technologies. b) In accordance with principles of prudence and other applicable guidelines as per Accounting Standards notified by the Companies (Accounting Standards) Rules 2006.700 kbbl).361.05 1.09 crore) to the Profit and Loss Account in respect of derivative contracts.141 12.22 . 2011 (i) For hedging Currency and Interest Rate Related Risks: Nominal amounts of derivative contracts entered into by the Company and outstanding as on 31st March amount to Rs 98. 1.03 28.800 8.967 32.853. 2010 48.175 In addition the Company has net margin hedges outstanding for contracts relating to petroleum product sales of 79. (Previous Year Rs.30 crore) c) 25.23. the Company has charged an amount of Rs.) 24.96 31.015. Category wise break up is given below: (Rs in crore) Sr. 2011 As at 31st March. in crore) Raw Materials and Traded Goods Stores. 65.194 33.83 26.430.893.199. No. VALUE OF IMPORTS ON CIF BASIS IN RESPECT OF (Rs.2011 amount to Rs.08 4.768 21.308 kbbl (Previous Year 72.185 4. SCHEDULE ‘O’ (Contd.227 1. Foreign currency exposures that are not hedged by derivative instruments as on 31st March.65 4.

011.09 113.23 crore for SEZ unit) Premium on Redemption of Bonds 27.93 56.66 19.154.41 1.307.035.72 8.47 15.77.919. 932.62 .16 crore for SEZ unit) Rent Rates & Taxes Other Repairs (Includes Rs.00 1.00 Rs.41. 387. 4. 80.04 crore for SEZ unit) Ocean Freight (Includes Rs.32 19.59 3.70 2.00 165.224.31 3.487.99 1.49 7.Reliance Industries Limited 145 SCHEDULE ‘O’ (Contd.59 crore for SEZ unit) Other Finance Charges (Includes Rs.68 7.08 (Rs.21 6. VALUE OF RAW MATERIALS CONSUMED : 2010-11 Rs.76 2.106.63 crore for SEZ unit) Charity & Donations Hire Charges Bank Charges (Includes Rs.26 50.34 0.14 17.88 % of Consumption 91.02 896.69 3.29 296.30 5.31 9. 20.09 1.93. in crore 1.50 21. 0.40 4.803.233.09 0.) 26.36 crore for SEZ unit) Building Repairs Lease Rent Payments To and Provisions For Employees (Includes Rs.55 crore for SEZ unit) Travelling Expenses Professional Fees (Includes Rs.41 11.225.90 crore for SEZ unit) Brokerage and Commission (Includes Rs.175.47. 14.18 crore for SEZ unit) Warehousing and Distribution Expenses (Includes Rs.21 2009-10 % of Consumption 95. 2.52 54.30 7.47 16. in crore) 2009-10 37.87 0.72 1.78 30.10 0.60 100.94 1.05 crore for SEZ unit) Establishment Expenses (Includes Rs.86 37.108. 0.51 30.51 1.97 192.28 100. in crore Imported Indigenous 1.92 35.008. 0.58 1.81 161.02 crore for SEZ unit) Sales Promotion Expenses (Includes Rs.12 2. 1.81 crore for SEZ unit) Insurance (Includes Rs.28 crore for SEZ unit) Machinery Repairs (Includes Rs. EXPENDITURE IN FOREIGN CURRENCY : 2010-11 Capital Contracts Oil and Gas Activity Technical and Engineering Fees (Includes Rs.28 263.811.88 8.70 7. 924.43 0.02 92. 8.04 crore for SEZ unit) Interest Charges (Includes Rs.

04 48. Prasad R. New Partnerships.91 49. CHEMICALS AND PACKING MATERIALS CONSUMED 2010-11 Rs. Siddharth Partner A.146 New Businesses. New Technologies.00 2009-10 Rs.99.02. 13. Kapur M.48 2009-10 (Interim Dividend) 38. Dipak C.90 2008-09 40. 2011 V. EARNINGS IN FOREIGN EXCHANGE (Rs.M.L. 6. where the amount is also credited to Non-Resident External Account (NRE A/c).546. in crore Imported Indigenous 29.R.178.32 1. Jain % of Consumption 51.24.70 2.28 1.R.98 4. in Crore) (ii) Tax Deducted at Source (iii) Year to which dividend relates * Includes issue of bonus shares in Financial Year 2009-10. in crore) 2010-11 FOB value of exports [Excluding captive transfers to Special Economic Zone of Rs. Trivedi Directors Dr.R. Ashok Misra Prof. Meswani P.773.724. REMITTANCE IN FOREIGN CURRENCY ON ACCOUNT OF DIVIDEND The Company has paid dividend in respect of shares held by Non-Residents on repatriation basis. Chaturvedi Partner A. Meswani Executive Directors H.09 100.96 100.98 50. SCHEDULE ‘O’ (Contd.23 crore (Previous Year Rs.D.60 25.08 20. Modi Prof. VALUE OF STORES.V. The total amount remittable in this respect is given herein below: 2010-11 (Final Dividend) a) Number of Non Resident Shareholders b) Number of Equity Shares held by them c) (i) Amount of Dividend Paid ( Gross) ( Rs. Bhakta Y.072 28.P.378. Ambani Company Secretary } } .40. Chartered Accountants For and on behalf of the Board M.363.655. Ambani Chairman & Managing Director N.15 6.22 2009-10 D.27 crore)] Interest Others 30.412. Shah Partner Mumbai April 21. D.361.421* 417.M. This inter-alia includes portfolio investment and direct investment.02 2009-10 1.) 28.P.74 3.299 59.28 1. Ambani M.S. in crore % of Consumption 1. As per our Report of even date For Chaturvedi & Shah Chartered Accountants For Deloitte Haskins & Sells Chartered Accountants For Rajendra & Co.33.00 1.653.60. The exact amount of dividend remitted in foreign currency cannot be ascertained.139 376.H.

5 4 2 2 0 . 3 7 2 1 8 0 Reserves & Surplus: Unsecured Loans: Current Liabilities: 1 4 8 2 6 6 . Crore): Public Issue: Bonus Issue: Total Liabilities: Sources of Funds: Paid up Capital: Secured Loans: Deferred Tax Liabilities: Application of Funds: Net Fixed Assets: Current Assets: 1 5 5 5 2 6 . 1 1 5 6 1 . 2 2 5 8 6 5 1 . 5 6 8 2 5 . (ITC Code): 3 9 0 2 1 0 . 0 0 Product Description: P O L Y E T H Y L E N E ( P E ) . 0 3 8 3 Investments: 3 7 6 5 1 . 1 0 5 7 1 . (ITC Code): 3 9 0 1 2 0 . crore): Turnover: Net Turnover: Profit Before Tax: Earning per share in Rs. Registration Details: Registration No: Balance Sheet Date: L 1 7 1 1 0 M H 1 9 7 3 P L C 0 1 9 7 8 6 3 1 . 4 0 Rights Issue: Private Placement: Total Assets: N I L N I L 2 8 4 7 1 9 . 8 . 1 0 Product Description: B U L K P E T R O L E U M P R O D U C T S Item Code No. 9 5 4 7 6 0 2 N I L N I L 8 4 7 1 9 . Capital raised during the year (Amount in Rs. 4 0 III. per share 2 2 9 2 2 2 . 6 2 . 9 1 5 4 1 . 5 4 3 2 7 3 . Position of Mobilisation and Deployment of Funds (Amount in Rs.Reliance Industries Limited 147 Balance Sheet Abstract and Company’s General Business Profile I. 4 8 1 7 0 . 5 2 3 0 0 0 Generic Names of principal products / services of the Company: Item Code No. (ITC Code): 2 7 . 1 5 0 0 2 4 0 0 Total Expenditure: Profit After tax: Dividend: Rs. crore): IV. 0 0 Product Description: P O L Y P R O P Y L E N E ( P P ) Item Code No. 2 0 1 1 State Code: 1 1 II. Performance of the Company (Amount in Rs. 2 5 2 4 2 . 2 0 2 8 6 . V. 0 3 .

New Partnerships. Consolidated Financial Statements & Notes .148 New Businesses. New Technologies.

25 crore.046. An audit includes examining. .027. 63. (ii) in the case of the Consolidated Profit and Loss Account. total revenue of Rs.00 crore as at 31st March. and our opinion is based solely on the report of other auditors. of the Profit of the Group for the year ended on that date. Shah Partner Membership No. 2011 A. AS 23.69 crore and net cash flows amounting to Rs. which reflect total assets of Rs. 0. Our responsibility is to express an opinion on these financial statements based on our audit. 0.53 crore as at 31st March. Financial statements / consolidated financial statements of certain subsidiaries and joint ventures. 0. 4.Reliance Industries Limited 149 Auditors’ Report on Consolidated Financial Statements To The Board of Directors Reliance Industries Limited We have audited the attached Consolidated Balance Sheet of Reliance Industries Limited (the Company) and its subsidiaries (collectively referred to as “the Group”) as at 31st March. 2006. and the Consolidated Profit and Loss Account and the Consolidated Cash Flow Statement for the year ended on that date annexed thereto. and (iii) in the case of the Consolidated Cash Flow Statement. Consolidated Financial Statements. R.144. 1. cash flows amounting to Rs.42 crore for the year then ended and financial statements of certain associates in which the share of profit (net) of the Group is Rs. we are of the opinion that the attached consolidated financial statements give a true and fair view in conformity with the accounting principles generally accepted in India: (i) in the case of the Consolidated Balance Sheet. 2.: 5611 Membership No. Accounting for Investments in Associates in Consolidated Financial Statements and AS 27. 20. These financial statements and other financial information have been audited by other auditors whose reports have been furnished to us. of the State of Affairs of the Group as at 31st March 2011. total revenue of Rs. Financial Reporting of Interests in Joint Ventures. of the Cash Flows of the Group for the year ended on that date. 108355W) D. 67. 117366W) For Rajendra & Co.01 crore and cash flows amounting to Rs. have been audited by one or jointly by two of us or one of us with other and financial statements of certain associates in which the share of profit of the Group is Rs. These financial statements are the responsibility of the Company’s management and have been prepared by the Management on the basis of separate financial statements and other financial information regarding components.55 crore for the year then ended. whose financial statements reflect total assets of Rs. An audit also includes assessing the accounting principles used and significant estimates made by Management. We believe that our audit provides a reasonable basis for our opinion. 7. on a test basis. evidence supporting the amounts and disclosures in the financial statements.19 crore. For Chaturvedi & Shah For Deloitte Haskins & Sells Chartered Accountants Chartered Accountants (Registration No.33 crore. We report that the consolidated financial statements have been prepared by the Company’s management in accordance with the requirements of Accounting Standard (AS) 21. We did not audit the financial statements of a subsidiary. 2. These unaudited financial statements / consolidated financial statements as approved by the respective Board of Directors of these companies have been furnished to us by the Management and our report in so far as it relates to the amounts included in respect of the subsidiaries and associates is based solely on such approved unaudited financial statements / consolidated financial statements. as notified by the Companies (Accounting Standards) Rules. 12. 10. 2010 / 31st March 2011. 431. and on consideration of reports of other auditors on the separate financial statements / consolidated financial statements and on the other financial information of the components and to the best of our information and according to the explanations given to us.02 crore for the year then ended and on the unaudited financial statements of certain associates wherein the Group’s share of loss (net) aggregates Rs. 2011.:47166 3. Based on our audit as aforesaid. as well as evaluating the overall financial statement presentation. 22. 2011.38 crore have been audited by one of us. Chaturvedi A. 2011.: 31467 Mumbai April 21. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.989. We have relied on the unaudited consolidated financial statements of certain subsidiaries and joint ventures whose consolidated financial statements reflect total assets of Rs. total revenue of Rs.11 crore as at 31st December. 101720W) (Registration No.939. Chartered Accountants (Registration No. We conducted our audit in accordance with the auditing standards generally accepted in India. Siddharth Partner Partner Membership No. 5.

16.890.93 21.R.934.77.47 10.605.21 69.26 57.730.58.092.446.51.099. Bhakta Y.73 As at 31st March.002.57 2.695. Meswani Executive Directors H.83 91.139. Dipak C.72 Deferred Tax Liability TOTAL APPLICATION OF FUNDS Fixed Assets Gross Block Less: Depreciation Net Block Capital Work-in-Progress Investments In Associates In Others Current Assets.615.54.716.50 80. in crore) Schedule SOURCES OF FUNDS As at 31st March.024. New Technologies.32 10.60. Siddharth Partner A. Ambani Chairman & Managing Director N.H. Ambani Company Secretary For and on behalf of the Board M.P.91 2.02 42. Chartered Accountants D. 2011 (Rs.072.40 52.92 13. 2011 V.224. Ambani M.03 261.53 ‘C’ ‘D’ 10.647.111.V. Meswani P.40 58.M.28 63.96 Shareholders’ Funds Share Capital Reserves and Surplus Minority Interest Loan Funds Secured Loans Unsecured Loans ‘A’ ‘B’ 1.68 38.193.150 New Businesses. Modi Prof.P.677.978.596.16.393.707. Jain } } . Chaturvedi Partner A.105.58 52.73 40.17 13. D.33 13.50.12 64. Kapur Directors M.75 802.33 2.D.070.06 1.292.464.694.911.981.125.585.L.06 For Rajendra & Co.41.52 1.695.24.R. New Partnerships.02 1.98 573.21 1.632.69 2.38.25 2.25 98.06 11.25 17.68 84.R.03 1.082.915.57 3.106.079.S.59 26.43 15.65 18.890. Trivedi Dr.191.87.32 10.19 30.25 ‘F’ ‘G’ ‘H’ 38.93 1.60 ‘M’ ‘N’ 2.02 1.841.072. 2010 2.35 34. Loans and Advances Current Assets Inventories Sundry Debtors Cash and Bank Balances Other Current Assets Loans and Advances Less: Current Liabilities and Provisions Current Liabilities Provisions Net Current Assets Miscellaneous Expenditure [to the extent not written off or adjusted] TOTAL Significant Accounting Policies Notes on Accounts As per our Report of even date For Chaturvedi & Shah Chartered Accountants For Deloitte Haskins & Sells Chartered Accountants 84.M.527.112.19 11.52 10.85 1.60 ‘E’ 2.520.47 4.859.47 73.458.44 29.50.09 2. Reliance Industries Limited Consolidated Balance Sheet as at 31st March. 2011 2.859.742.578.033.68 2.404.519.38. Ashok Misra Prof. Prasad R. Shah Partner Mumbai April 21.680.

054.059.83 2.P.810.23 2.V.302.35 INCOME Turnover Less: Excise Duty / Service Tax Recovered Net Turnover Other Income (including share in associates) Variation in Stocks EXPENDITURE Purchases Manufacturing and Other Expenses Interest and Finance Charges Depreciation Less: Transferred from Revaluation Reserve [Refer Note 6.29 53.987. Prasad R.293.391.334.880.14 64. Chaturvedi Partner A. 19.000.91.84 82.739.60 2. Shah Partner Mumbai April 21.03. in crore) 2009-10 2.Minority Interest Transfer from Statutory Reserve Amount Available for Appropriations APPROPRIATIONS Statutory Reserve General Reserve Debenture Redemption Reserve Capital Redemption Reserve Proposed Dividend on Equity Shares Tax on Dividend on Equity Shares Proposed Dividend on Preference Shares (MinorityInterest Rs.819.991. Bhakta Y.371.296.90 18.D.00) Tax on Dividend on Preference Shares (Minority Interest Rs.76.811.74 7. 19.00 189.880.384.99 2. Kapur Directors M. 2011 V.05 13.783.67 346.412.000.271.96 13. Previous Year Rs.76 2.75 65. Ambani M.99 2.H. Schedule ‘N’] Significant Accounting Policies ‘M’ Notes on Accounts ‘N’ 14.65 2.46 7. Modi Prof.75 67.99 386. Ambani Company Secretary For and on behalf of the Board M.91 1.131.83 2.04 2.71.80 17.M.84 (0.631.18 ‘I’ ‘J’ 2010-11 2.120.65. Meswani Executive Directors H.537.68 13.034.20.52 22.37) 0.02 Profit before Tax Provision for Current Tax Provision for Deferred Tax Profit after Tax (before adjustment for Minority Interest) Add: Share of (Profit)/ Loss transferred to Minority Interest Profit after Tax (after adjustment for Minority Interest) Add: Balance brought forward from Previous Year (Short) Provision for Tax for earlier years Excess Provision for Tax for earlier years . Ashok Misra Prof.084. Trivedi Dr.423.39 As per our Report of even date For Chaturvedi & Shah Chartered Accountants For Deloitte Haskins & Sells Chartered Accountants For Rajendra & Co.756.16 19.01 19. Ambani Chairman & Managing Director N. 10 each (in Rupees) (Before exceptional items) [Refer Note 13.58 79.11.410.R.56 24.192.84 2.25.03 6.877.503.00 2.68 2.37 24.19 10.94 29. 2011 (Rs.33 14.95 (0.296.82 4.000.P. Chartered Accountants D.16 16.225. Dipak C.14 5.M.50 24.88 28.07 7.58 ‘K’ ‘L’ 16.727. Jain } } .032.48.R. Siddharth Partner A.96 4. Meswani P.04 32.633.801.80 1.557.72.L.945.80 63.590.R.S.124. Schedule ‘N’] Less: Transferred from Capital Reserve Schedule 2.789.90 14.51 1. 3.561.24 16. Previous Year Rs.679.62 2.542.00) Balance Carried to Balance Sheet Basic and Diluted Earnings per Share of face value of Rs.458. 3.86 3.00.Reliance Industries Limited 151 Reliance Industries Limited Consolidated Profit and Loss Account for the year ended 31st March. 10 each (in Rupees) Basic and Diluted Earnings per Share of face value of Rs.23) 33.00.928. D.50 8.72 10.78 10.43 371.

161.72 9.103.396.140.230.25) 2.741.58) 2.83) (7.242.155.938.25 (32.991.153.54) 37.054.33 17.557.12 (18.790.77 (1.67) 14.612.152 New Businesses.85 33.572.137.35 245.37 2.33) 917.01) (530.91 (1.83 (2.249.34 (2.51 167.059.799.43) 16.94) 2.679. New Partnerships.864.64 (19.059.88) (8.70 33.01.62 (2.635.20 (5.27 3.86 2009-10 .605.84 (2.12) 23.63) (4.56.82) 10.21 (5. in crore) 2010-11 A: CASH FLOW FROM OPERATING ACTIVITIES: Net Profit before tax as per Profit and Loss Account Adjusted for: Miscellaneous Expenditure written off Share in Income of Associates Net Prior Year Adjustments Investment written off (net) Impairment of Assets Loss on Sale / Discarding of Assets (net) Depreciation Transferred from Revaluation Reserve Transferred from Capital Reserve Effect of Exchange Rate Change Effect of De-subsidiarisation Profit on Sale of Investments (net) Exceptional Item Dividend Income Interest / Other Income Interest and Finance Charges Operating Profit before Working Capital Changes Adjusted for: Trade and Other Receivables Inventories Trade Payables Cash Generated from Operations Net Prior Year Adjustments Taxes Paid Net Prior Year Adjustments on Account of Subsidiaries Net Cash from Operating Activities B: CASH FLOW FROM INVESTING ACTIVITIES: Purchase of Fixed Assets Sale of Fixed Assets Deposit Received Purchase of Investments Sale of Investments Movement in Loans and Advances Interest Income Dividend Income Net Cash (Used in) Investing Activities (33.091. New Technologies.45 24.48.35 3.04 (5.64) 260.18) 2.278.69) (23.89) 2.633.53 (287.57) (8.10) 261.75) (65.716.09 (10.83 0.004.30) (1.410.69 20.58 893.41 38.40) 0.02) (1.00 (2.81) 10.345.34 14.06) 2.573.043.35) (3.83) (4.338.65) (14.000.38) (1.819.34 59.68 14.17 7.77) 1.494.54 2.80) (63.03.782.039.33) (848.000.84 16.96 28.33 (1. Reliance Industries Limited Consolidated Cash Flow Statement for the year 2010-11 (Rs.59 29.

07 22.28) Note : Share application money given to Associate aggregating to Rs.37) (0.133.00 6.890. D.54 459.21 (12. Ambani Chairman & Managing Director N.S.91) (3.535.03 192. As per our Report of even date For Chaturvedi & Shah Chartered Accountants For Deloitte Haskins & Sells Chartered Accountants For Rajendra & Co.430.Reliance Industries Limited 153 Consolidated Cash Flow Statement for the year 2010-11 (Contd.R.474.83 4.516.244.11 13.00 crore (Previous Year Rs. Ashok Misra Prof.761. Siddharth Partner A.P.83 53.98 (2.604. Chaturvedi Partner A.25) 6. Prasad R.R.227. Meswani P.) (Rs.72 16.72) (8. Meswani Executive Directors H.890.219.139. 17.41) 14.M. 2011 V.949.025.01 22. Modi Prof. Trivedi Dr. Jain } } . Chartered Accountants D. Ambani M.894.16) (2.13 13.251.10 20. Ambani Company Secretary For and on behalf of the Board M. in crore) 2009-10 2010-11 C: CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from Issue of Share Capital Proceeds from Issue of Share Capital to Minority Proceeds from Long Term Borrowings Repayment of Long Term Borrowings Short Term Loans Dividends Paid (including dividend distribution tax) Interest Paid Miscellaneous Expenditure / Issue expenses Net Cash from / (Used in) Financing Activities Net Increase / (Decrease) in Cash and Cash Equivalents Opening Balance of Cash and Cash Equivalents Add: Upon addition of Subsidiaries 13.57 3. NIL) have been converted into investments in Equity Shares.L.36) (11.M.D. Dipak C.R.46) (3. Shah Partner Mumbai April 21.742.V.96 Closing Balance of Cash and Cash Equivalents 30.H.10 19.64 (6. Bhakta Y.12) (130.P. Kapur Directors M.870.

892) Equity Shares of Rs.733) Less: Calls in arrears .000. Issued.00 6.000 Equity Shares of Rs.each for offering to eligible employees of the Company and its subsidiaries under Employees Stock Option Scheme (ESOS).978.10.per option and 19.627 (Previous Year 29.11. 2011 Authorised: 500. Schedules forming part of the Consolidated Balance Sheet SCHEDULE ‘A’ SHARE CAPITAL (Rs.766) 52.per option plus all applicable taxes.12.75.89.27. New Partnerships.000.345 (45.426) equity shares to the eligible employees of the Company and its Subsidiaries under ESOS. 3. 10/.78. before their becoming subsidiaries of the Company.000.23.981.000 Preference Shares of Rs.02 2.381 Equity Shares of Rs.981. During the year. During the year. 929/.00 1.23. which have been eliminated.219) 45.00.02 2. Shares out of the issued and subscribed share capital were allotted pursuant to the various Schemes of amalgamation without payments being received in cash.11. Shares out of the issued and subscribed share capital were allotted on conversion / surrender of Debentures and Bonds. .52.75.00.200 options at a price of Rs. as may be levied in this regard on the Company. 5.219 (52.978.000.000 options at a price of Rs. Subscribed and paid up capital excludes 29. 2.02 TOTAL Notes: 1. 1.00.54.82. The options would vest over a maximum period of 7 years or such other period as may be decided by the Employees Stock Compensation Committee from the date of grant based on specified criteria.94.345) Shares out of the issued and subscribed share capital were allotted as Bonus Shares by capitalisation of Securities Premium and Reserves. 10 each (500.99.80.00 6. 3.98.04.27. exercise of warrants. 2.97.50 : Previous Year Rs.244 (Previous year 13. New Technologies.94. in crore) As at 31st March. against Global Depository Shares (GDS) and re-issue of forfeited equity shares.12. 995/.19.000) 5.19.200 [Previous year Nil] Options to the eligible employees which includes 16.00.89. conversion of Term Loans. 2010 4.02 2.50) 2.00 1.648 (Previous Year 5. the Company has issued and allotted 29.00 As at 31st March. Subscribed and Paid up: 2.154 New Businesses.766 (1.54.by others (Rs. 10 each (100.981.04.00.00. The Company has reserved issuance of 13.79.627) equity shares directly held by subsidiaries/trust.978.02 5.00.000.00.30.02 2.000.000) 100. 10 each fully paid up (2. 3.00 Issued.922. the Company has granted 35.652.

801. 2.02 1.10 1.33 (Rs.95 16.80 51.84 1.00 8.03 2.57 45.458.75 2.57 72.19 738.003. . in crore) As at 31st March. Schedule ‘N’] Less: Transferred to Minority Interest Less: Utilised on Demerger Adjustments [Refer Note 11.003.69 0.417.36 (0.22 50.52 817.67 697.50 88.67 12.97) 45.94 1.71 13.02 6.73 68.70 9.59 887.116.55 54.116. 28.26) 880.633.425.37 2.458.991.85 (795. Schedule ‘N’] Capital Reserve As per last Balance Sheet Add : On Consolidation of Subsidiaries (Net) Less : Transferred to Profit and Loss Account Exchange Fluctuation Reserve Capital Redemption Reserve As per last Balance Sheet Add: Transferred from Profit and Loss Account Less: Capitalised on issue of bonus shares Securities Premium Account As per last Balance Sheet Add: Premium on issue of shares Less: Premium on redemption / buy back of debentures / Bonds Less: Capitalised on issue of bonus shares Less: Elimination on Consolidation Less: Calls in arrears .by others Debenture Redemption Reserve As per last Balance Sheet Add: Transferred from Profit and Loss Account Statutory Reserve As per last Balance Sheet Add: Transferred from Profit and Loss Account Less: Transferred to Profit and Loss Account Less: Transferred to Minority Interest (Rs.90 33.59 12.04 (142.95 9.71 13.00) General Reserve* As per last Balance Sheet Add: Transferred from Profit and Loss Account Share in Reserves of Associates Revaluation Reserve As per Last Balance Sheet Profit and Loss Account TOTAL 8.30) 817.95 14.95 9.583. 2010 12.93 703.16 68.71) 762.00 As at 31st March.024.003.394.67 45.65 45.08 (54.97 45.14 1.116.60 55.10 63.394.457.00 45. 2011 9.07 189.000.Reliance Industries Limited 155 Schedules forming part of the Consolidated Balance Sheet SCHEDULE ‘B’ RESERVES AND SURPLUS Revaluation Reserve As per last Balance Sheet Add: On Revaluation Less: Transferred to Profit and Loss Account [Refer Note 6.37 65.000.19 80.08 (91.563.387.65 887.05) 8.111.296.51.085.003.78 227.394.90 880.38.94 8.23 9.57 1.94 45.413.44 84.229.12 0.44 17.65 896.57 55.12 189.02 927.96 * Cumulative amount withdrawn on account of Depreciation on Revaluation is Rs.366.65 45.69 125.413.43 crore.65 8.90 2.

2011 A.00 crore in financial year 2020-21.682. 2020. 500. 2011 and the last being on 7th May.17 252.26 crore in financial year 2013-14. District Kalol in the State of Gujarat and on fixed assets situated at Hoshiarpur Complex of the Company. on various dates with the earliest redemption being on 17th June. Schedules forming part of the Consolidated Balance Sheet SCHEDULE ‘C’ SECURED LOANS (Rs.27 575. 3.283. Rs. DEBENTURES Non Convertible Debentures B.33 crore in financial year 2017-18.110. New Partnerships. TERM LOANS From Banks Rupee Loans C. Rs. 49.00 crore are secured by way of first mortgage / charge on the immovable properties situated at Jamnagar Complex (SEZ unit) of the Company.34 crore in financial year 2018-19 and Rs.00 crore are secured by way of first mortgage / charge on movable and immovable properties situated at Thane in the State of Maharashtra and on movable properties situated at Baulpur Complex of the Company. WORKING CAPITAL LOANS From Banks Foreign Currency Loans Rupee Loans 312.578.694.466.67 201.05 1. 4. 1.34 crore are secured by way of first mortgage / charge on certain properties situated at village Mouje Dhanot. New Technologies.435.38 TOTAL 1. Debentures referred to in A above to the extent of: a) b) c) d) e) f) g) h) 2. The debentures are redeemable as follows: Rs.00 crore are secured by way of first mortgage / charge on all the properties situated at Hazira Complex and at Patalganga Complex of the Company.007.00 crore in financial year 2011-12. 2.40 10. .00 crore are secured by way of first mortgage / charge on the immovable properties situated at Hazira Complex and at Jamnagar Complex (other than SEZ unit) of the Company.05 crore are secured by way of first mortgage / charge on certain properties situated at Surat in the State of Gujarat and on fixed assets situated at Allahabad Complex of the Company. in one or more installments. Rs. Rs. 408. 133.43 crore are secured by way of first mortgage / charge on certain properties situated at Ahmedabad in the State of Gujarat and on fixed assets situated at Nagpur Complex of the Company.82 As at 31st March. Rs. 655.970. 133.69 crore in financial year 2012-13. 2010 6. Rs.82 9.234. 164. 503. Rs. Rs. 44. in crore) As at 31st March.72 11. 10. 51.156 New Businesses. Rs.83 crore in financial year 2014-15.043. 500.21 564.33 crore in financial year 2016-17. Rs.86 Debentures referred to in A above are redeemable at par. 5. Rs. Rs. Rs. Rs.04 crore in financial year 2015-16.00 crore are secured by way of first mortgage / charge on the immovable properties situated at Jamnagar Complex (other than SEZ unit) of the Company.000.47 1. Rs.

Term loans referred to in B above are secured by hypothecation of vehicles.000. 15.39 crore are secured by hypothecation of present and future stock of raw materials. Short Term i) From Banks ii) From Others 13. b) SCHEDULE ‘D’ UNSECURED LOANS (Rs.60 B. 8.373. stock-in-process. finished goods. 563.899. Deferred Sales Tax Liability TOTAL Note: Short term loan from banks include commercial paper of Rs.00 crore (Previous Year Rs.32 10.83 6. 500. receivables. Debentures i) Unsecured Redeemable Non Convertible Debentures ii) Zero Coupon Unsecured Optionally Fully Convertible Debentures of Rs.00 0.188.42 13.31 52.30 D.166.99 crore are secured by way of lien against term deposits with banks.72 0. etc. stores and spares (not relating to plant and machinery).41 347.60 C. Working Capital Loans referred to in C above to the extent of : a) Rs.782.273.541.527.000.Reliance Industries Limited 157 Schedules forming part of the Consolidated Balance Sheet 3.30 2. 4.323.271.30 46.619.00 crore). Long Term i) From Banks ii) From Others 47. 4.22 73. NIL (Previous Year Rs.30 18.30 0.00 crore). bills. in crore) As at 31st March. materials in transit.12 6. save and except receivable of Oil and Gas Division.28 58.18 22.24 42.27 As at 31st March.911. 0. outstanding monies.825. Rs. 2011 A. 100 each 2. book debts. 2010 . Maximum balance outstanding at any time during the year being Rs.97 3.500. claims.

96 2. 1.25 17. 2.16 107.256.28 1.60 9.789.021.08 332.158 New Businesses. 1.21 79.50 2.98 279.47 239.593.2010 based on report issued by international valuers.85 8.700.26 48. Plant & Machinery and Storage Tanks as at 31.12 1. 1.86 68.92 8.41 134. 22.43 385.0 3 .37. 4.69 52. Plant & Machinery and Storage Tanks as at 31.28 11.292.65 8.93 6. Schedules forming part of the Consolidated Balance Sheet SCHEDULE ‘E’ FIXED ASSETS (Rs.845.15 15.68 1. Plant & Machinery.74 3.60.497.98 365.79 6.25 2.70 272. Plant & Machinery and Equipments as at 01.08.677.742.60.97 crore (Previous Year Rs.39 0. 2.51 1.96 67.81 2.10 crore) in shares of companies and lease premium paid with right to hold and use Land and Buildings.05 1.162.693. Additions and Capital Work-in-Progress include Rs.90 338.77 1.17 556.42 crore) on account of cost of construction materials at site.141.42 1.384.66 29.58 615.27 67.281. 1.20 crore) in shares of Companies / Societies with right to hold and use certain area of Buildings.03 86.86 1. the Company has been permitted to use the same at a concessional rate.191.44 1.98 3. 237.84 crore) on account of project development expenditure.79 47.43 130.180.819. 1.60 35.556.87 5. Schedule 'N' Other than internally generated Regrouped from Plant & Machinery.44 crore) on account of advance against capital expenditure.79 863.80 4.95 45.125.212.10.727.051.17 444.478.31 As at 3 1 .0 3 .41 1.268.30 1.177.82 crore on revaluation of Buildings. Refer Note 6.01.81 188.34 178. 646.69. 93.12.35 2.798.38 3.073.42 1. New Partnerships.125. 93.730.919.253.17 192.52 crore (Previous Year Rs.2 0 11 81.98 815. 12.68 NOTES : a) b) Leasehold Land includes Rs.21 crore on revaluation of Buildings.81 385. Intangible assets .50 2.856.74 1.91 3.25 29.90 471.447.13 50.33 168.608.404.939. 41.79 28.10 114.18 76.35 51.98 172.42 1.05 171.78 135. the Ownership of which vests with Gujarat Maritime Board.12.083.14 53.29 2.123.28 55.070.54 7.54 49. Rs.20 crore (Previous Year Rs.To t a l LEASED ASSETS : Plant & Machinery Ships S u b . Gross Block includes Rs.00 crore).944.919.125.604.313.14 crore (net gain) [Previous Year Rs. 203. 1.39 5.47 153. 203.24.57.25 1.581.28 44.32 3.905.01 114.250.2 0 11 2.63 8. Plant & Machinery and Storage Tanks as at 22.25 14.65 10.567.553.34 crore added on revaluation of Building.831.47 76.900.06 160.394.16 184.099. ii) Rs.796.06 63.42 1.63 crore added on revaluation of Building. 2.32 7. 2.93 162.70 759.04 498. c) d) e) f) g) * ** # .14 172.141. ii) Rs.47 crore (Previous Year Rs.28 Depreciation For the Upto Year 3 1 .033.43 Gross Block Additions/ Deductions/ Adjustments Adjustments 407.22 181.565.10 crore (Previous Year Rs.Others include : i) Jetties amounting to Rs.34 9.2 0 11 31-03-2010 2.004.58.51 17. iii) Rs.079.67 790.58 3.573. 646.25 44.30 5.040.71 3. Additions include Rs.19 16.26 8.586.To t a l INTANGIBLE ASSETS**: Technical Knowhow fees Software Development Rights # Others S u b .71 80.71 107.55 358.548. 5.85 9.44 9.265.888.15 0.12 184.74 85.64.668.75 68.39 10.96 2. in crore) Description As at 01-04-2010 OWN ASSETS : Leasehold Land Freehold Land Buildings Plant & Machinery Electrical Installations Equipments Furniture & Fixtures Vehicles Ships Aircrafts & Helicopters S u b .182.17 7.19 crore) in respect of which lease-deeds are pending execution.24. based on reports issued by international valuers.67 269.884. ii) Rs.19 crore (Previous Year Rs. New Technologies.94 59.45 1.88 crore (Previous Year Rs.07.503.50 103.645.00 355.34.24 40.83 361.934.42 1. Buildings include : i) Cost of shares in Co-operative Housing Societies Rs.2008 and Rs.38.458.544.To t a l To t a l Previous Year Capital Work-in-Progress 2.374.81 crore (net gain)] on account of exchange difference during the year.16 62.88 crore) in respect of which conveyance is pending. 154.83 60.00 crore (Previous Year Rs.16 32.56 146.92 crore (Previous Year Rs.97 crore). iii) Rs. Electrical Installations and Equipments as at 01.568.568.95 5.395. However.15 2.67 55.640. 2.04 340.07 5.753.625.33 14.92 364.884.431.2009.2005.12.2009 Rs.84* 14.46 81.95 480.14 85.61 crore revaluation of Buildings.03 Net Block As at As at 3 1 . Capital Work-in-Progress includes : i) Rs.83 119.79 994.000.85 68.0 3 .94 353.191. 4.427.74 665.193.459.47 6. under an agreement with Gujarat Maritime Board.

68 84.40 58.668.440.49 34.21 (Rs.23 10.74 15.40 91.890. Chemicals and Packing Materials Raw Materials Stock-in-Process Finished Goods / Traded Goods SUNDRY DEBTORS (Unsecured and Considered Good) Over six months Others CASH AND BANK BALANCES Cash on hand Balance with Banks In Current Accounts : with Scheduled Banks with Others In Fixed Deposit Accounts : with Scheduled Banks with Others OTHER CURRENT ASSETS Interest Accrued on Investments Other Current Assets TOTAL SCHEDULE ‘G’ LOANS AND ADVANCES As at 31st March. 2011 CURRENT ASSETS INVENTORIES Stores.030. 2010 629.83 91.15 3.428.69 10.Reliance Industries Limited 159 Schedules forming part of the Consolidated Balance Sheet SCHEDULE ‘F’ As at 31st March.86 10.393.25 5.14 9.34 261.79 18.16 7.170.19 241.78 5.424.17 14.67 15.14 71.186.647.97 1.139.483. Central Excise Authorities.751.800.85 9.261.(Considered Good Unless Otherwise Stated) Advance Income Tax (Net of Provision) Advances recoverable in cash or in kind or for value to be received Less: Considered Doubtful Deposits Balance with Customs.52 15.78 7. 2010 1.36 2. etc.74 26.695.34 62.33 396.16 1.878. TOTAL 1.666.26 38.15 10.458. 2011 UNSECURED .922. in crore) As at 31st March.47 .553.00 30.519.615.81 29.082.872.54 3.064.60 13.826.84 13.090.52 2.114.30 71.464. in crore) As at 31st March.32 (Rs.41 13.24 6.645.19 29.60 55.965.33 215.92 2.43 28.03 199.

36 594. New Partnerships.605.38 0. (Rs.977. 2010 8. 182.81 crore (Previous Year Rs 7.38 8.02 crore) which is held in abeyance due to legal cases pending. Includes advance application money received against Employees Stock Options Scheme (ESOS) pending allotment Rs.585.117.30 51.26 3.741.890.53) 10.23 98.90 (Rs.83 300.36 614.17 819.02 TOTAL 57.384.36 Schedules forming part of the Consolidated Profit and Loss Account SCHEDULE ‘I’ OTHER INCOME Dividend: From Current Investments From Long Term Investments Interest: From Current Investments From Long Term Investments From Others [Tax deducted at Source Rs.24 (59.21 64.716.730.53 crore (Previous Year Rs.67 346.19 1.61 0. # Net of diminution in value of investments Rs.04 1. in crore) 2009-10 1.446.95 136.39 0.715.57 20. 7.90 crore (Previous Year Rs.253.30 crore). .154.31 38.05 2.57 10.47 21. Small and Medium Enterprises .03 TOTAL 2.11 275.44 2.575.695.24 Sundry Creditors .88 crore (Previous Year Rs.59 Includes for capital expenditure Rs. 8. 4.933.28 266.49 5.35 crore (Previous Year Rs.47 43.50 52. in crore) As at 31st March.58 400. 8.87 1.41 33. 111. 8.15 110.92 486.46 2.90 0.Others * ^ Liability for Leased Assets * Unpaid Dividend # Unpaid Matured debentures # Interest accrued on above # Unpaid Share Application Money # Interest accrued but not due on Loans PROVISIONS Provision for Income Tax Provision for Fringe Benefit Tax Provision for Wealth Tax Provision for Leave encashment/ Superannuation / Gratuity Other Provisions Proposed Dividend Tax on Dividend * ^ # 4. Schedules forming part of the Consolidated Balance Sheet SCHEDULE ‘H’ CURRENT LIABILITIES AND PROVISIONS CURRENT LIABILITIES As at 31st March.544. New Technologies. 132.77 8.30 1.160 New Businesses.11 2.94 1.54 1.73 crore).91 (16.17 38.61 1.88 373.56 171. due and outstanding.82 * Income from sale of Reliance Industries Limited shares by Petroleum Trust.15 24.83 46.01 50.99 386. NIL).74 6. to be credited to Investor Education and Protection Fund except Rs. These figures do not include any amounts.08 1.084.Micro.783.31 69.542.18 130.43 crore)] Premium on investments in preference shares Profit on Sale of Current Investments (net)# Profit on Sale of Long Term Investments (net) Profit on Sale of Fixed Assets Miscellaneous Income Profit / (Loss) on de-subsidiarisation of Subsidiary Share in Associates Exceptional Items* 2010-11 2.54) - 1.73 42. 2011 8.

12 9.754.77 4.783. Discount and Commission Warehousing and Distribution Expenses Sales Tax / Vat / Service Tax 2. Labour Welfare Fund etc.23 .635.452. 308.Reliance Industries Limited 161 Schedules forming part of the Consolidated Profit and Loss Account SCHEDULE ‘J’ VARIATION IN STOCKS 2010-11 STOCK-IN-TRADE (at close) Finished Goods / Traded Goods Stock-in-Process STOCK-IN-TRADE (at commencement) Finished Goods / Traded Goods Stock-in-Process Capitalised During the year Opening Stock of Subsidiaries Acquired during the year TOTAL SCHEDULE ‘K’ MANUFACTURING AND OTHER EXPENSES RAW MATERIAL CONSUMED MANUFACTURING EXPENSES Stores.790.849.890.600.781. Chemicals and Packing Materials Electric Power.553.85 16.826.36 252.22 5.61 183.35 10.85 16.12 10.49 6.100.034.34 16.04 4. Employee’s State Insurance Scheme.421.34 5.14 SALES AND DISTRIBUTION EXPENSES Samples.25 69.66 191. Pension Scheme.458.31 (Rs.795.23 (248.80 3. Production Royalty and Machinery Hire Charges Excise Duty # Lease Rent Exchange Differences (Net) 2010-11 2.69 761.345.12 0.51 1.345.08 4.53. Gratuity Fund.380.380.74 16.20 3.72 180.54 3.140. Processing.386. Sales Promotion and Advertisement Expenses Brokerage.34 LAND DEVELOPEMENT AND CONSTRUCTION EXPENDITURE PAYMENTS TO AND PROVISIONS FOR EMPLOYEES (including Managerial Remuneration) Salaries.30 2.00 5.86 20.57) 8.36 369.01.380.826.15 3. Employee Welfare and other amenities 235.77 10.75 463.99 (Rs.823.612.834.324.56 566. in crore) 2009-10 1. Wages and Bonus 2.48 309.45 3.47 3. Fuel and Water Machinery Repairs Building Repairs Labour.73 (725.312.26 2.965.71 2.733.49 6.55 101.05 Superannuation Fund.26 9.51 94.50 3.23 10.32) 9.33 751.07 Contribution to Provident Fund.878.553.17 4.76 286.87 33.345.844.11 189. in crore) 2009-10 9.639.35 6.

23 143.06 356.28 2.48 123.64* 110.02 67.62 769.09 30.334.68 11. New Partnerships.27 547.33 13.245.) 2010-11 ESTABLISHMENT EXPENSES Insurance Rent Rates & Taxes Other Repairs Travelling Expenses Payment to Auditors Professional Fees Loss on Sale / Discarding of Fixed Assets General Expenses Investment written off Wealth Tax Charity and Donations 553.215.217.Block 18 and East Timor-Block K amounting to Rs.05 16.01 454.059.11 2.92 1.61 557.12 301.20 1.71. ^ An exceptional item.72.192.77 18.670.082.21 103.410.43 2.25.83 544. Schedules forming part of the Consolidated Profit and Loss Account SCHEDULE ‘K’ (Contd.67 1.223.14 245.89 558.68 (Rs.03 81. New Technologies.08 crore.29 940.68 84. 807. in crore) 2009-10 946. in crore) 2009-10 504.90 7.25.162 New Businesses.552. * Includes expenses incurred in Oman.40 192. an exceptional item. SCHEDULE ‘L’ INTEREST AND FINANCE CHARGES Debentures Fixed Loans Finance charges on Leased Assets Others TOTAL 2010-11 1.91 1.99 Less : Transferred to Project Development Expenditure (Net) TOTAL # Excise Duty shown under expenditure represents the aggregate of excise duty borne by the Company and difference between excise duty on opening and closing stock of finished goods.87 4.79 292.36 546.58 .41 3.26 2.83 (Rs.71 72.13^ 13.

revenue items are consolidated at the average rate prevailing during the year. c) In case of foreign subsidiaries. post acquisition. d) The difference between the cost of investment in the subsidiaries. Other significant accounting policies These are set out under “Significant Accounting Policies” as given in the Company’s separate financial statements. f) g) Minority Interest’s share of net assets of consolidated subsidiaries is identified and presented in the consolidated balance sheet separate from liabilities and the equity of the Company’s shareholders. over the net assets at the time of acquisition of shares in the subsidiaries is recognised in the financial statements as Goodwill or Capital Reserve as the case may be. based on available information. income and expenses. Investments other than in subsidiaries and associates have been accounted as per Accounting Standard (AS) 13 on “Accounting for Investments”.“Financial Reporting of Interest in Joint Ventures”. Principles of consolidation The consolidated financial statements relate to Reliance Industries Limited (‘the Company’) and its subsidiary companies.Reliance Industries Limited 163 Significant Accounting Policies to the Consolidated Accounts SCHEDULE ‘M’ SIGNIFICANT ACCOUNTING POLICIES 1. All assets and liabilities are converted at rates prevailing at the end of the year. As far as possible. after fully eliminating intra-group balances and intra-group transactions in accordance with Accounting Standard (AS) 21 “Consolidated Financial Statements” b) Interest in Joint Ventures have been accounted by using the proportionate consolidation method as per Accounting Standard (AS) 27 . The difference between the cost of investment in the associates and the share of net assets at the time of acquisition of shares in the associates is identified in the financial statements as Goodwill or Capital Reserve as the case may be. after eliminating unrealised profits and losses resulting from transactions between the Company and its associates to the extent of its share.“Accounting for Investments in Associates in Consolidated Financial Statements”. . h) Investment in Associate Companies has been accounted under the equity method as per (AS 23) . Any exchange difference arising on consolidation is recognised in the exchange fluctuation reserve. e) The difference between the proceeds from disposal of investment in subsidiaries and the carrying amount of its assets less liabilities as of the date of disposal is recognised in the consolidated statement of Profit and Loss account being the profit or loss on disposal of investment in subsidiary. j) k) 2. The consolidated financial statements have been prepared on the following basis: a) The financial statements of the Company and its subsidiary companies are combined on a line-by-line basis by adding together the book values of like items of assets. the consolidated financial statements are prepared using uniform accounting policies for like transactions and other events in similar circumstances and are presented in the same manner as the Company’s separate financial statements. liabilities. being non-integral foreign operations. 3. Minority Interest’s share of net profit of consolidated subsidiaries for the year is identified and adjusted against the income of the group in order to arrive at the net income attributable to shareholders of the Company. i) The Company accounts for its share in change in net assets of the associates. through its Profit and Loss account to the extent such change is attributable to the associates’ Profit and Loss account and through its reserves for the balance.

50% 91.E.00% 76.09% 91.00% 100.A.09% 91.00% 91.09% 91.00% 100.00% 76.09% 91.09% 100. * Reliance Haryana SEZ Limited Reliance Fresh Limited Retail Concepts and Services (India) Limited Reliance Retail Insurance Broking Limited Reliance Dairy Foods Limited Reliance Exploration & Production DMCC * Reliance Retail Finance Limited RESQ Limited Reliance Commercial Associates Limited Reliancedigital Retail Limited Reliance Financial Distribution and Advisory Services Limited RIL (Australia) Pty Limited Reliance Hypermart Limited Gapco Kenya Limited * Gapco Rwanda SARL * Gapco Tanzania Limited * Gapco Uganda Limited * Gapoil (Zanzibar) Limited * Gulf Africa Petroleum Corporation * Transenergy Kenya Limited * Recron (Malaysia) Sdn Bhd * Reliance Retail Travel & Forex Services Limited Reliance Brands Limited Reliance Footprint Limited Reliance Trends Limited Reliance Wellness Limited Reliance Lifestyle Holdings Limited Reliance Universal Ventures Limited Delight Proteins Limited Reliance Autozone Limited Reliance F&B Services Limited Reliance Gems and Jewels Limited Reliance Integrated Agri Solutions Limited Strategic Manpower Solutions Limited Reliance Agri Products Distribution Limited Country of Proportion of Incorporation ownership interest India 100.09% 91.09% 91.09% 100.09% 91.00% 100.09% 91.09% 91.00% 76. 2.00% 92.09% 91.00% 91. New Technologies.09% 91. The Subsidiary companies considered in the consolidated financial statements are: Name of the Subsidiaries Reliance Industrial Investments and Holdings Limited (including Petroleum Trust) Reliance Ventures Limited Reliance Strategic Investments Limited Reliance Industries (Middle East) DMCC * Reliance Jamnagar Infrastructure Limited Reliance Retail Limited Reliance Netherlands B.09% 91.09% 91.09% 91.09% 100.00% 76. India India Netherlands India India India India India U.164 New Businesses. India India India India India Australia India Kenya Rwanda Tanzania Uganda Zanzibar Mauritius Kenya Malaysia India India India India India India India India India India India India India India 100.00% 91.00% 91.09% 91.09% 100.09% 91. SCHEDULE ‘N’ NOTES ON ACCOUNTS: 1.V.E. regrouped.09% 91.A.00% 100.00% 91.00% 76. The previous year’s figures have been reworked. New Partnerships. rearranged and reclassified wherever necessary.09% 91. Amounts and other disclosures for the preceding year are included as an integral part of the current year consolidated financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.00% India India U.09% .09% 76.00% 76.

09% 100.S.00% 100.00% 100.09% 91.00% 98.61% 100.09% 91.09% 91.00% 91.Reliance Industries Limited 165 SCHEDULE ‘N’ (Contd.00% 91.00% 100.00% 100.09% 100. V.00% 100.00% 100.09% 91.09% 100.E Netherlands India 91.00% 100. Reliance Gas Corporation Limited Reliance Global Energy Services Limited Reliance One Enterprises Limited Reliance Global Energy Services (Singapore) Pte.00% 100.00% 100.00% 100.00% 100.09% 91.00% 100.A.09% 100.) Name of the Subsidiaries Reliance Digital Media Limited Reliance Food Processing Solutions Limited Reliance Home Store Limited Reliance Leisures Limited Reliance Loyalty & Analytics Limited Reliance Retail Securities and Broking Company Limited Reliance Supply Chain Solutions Limited Reliance Trade Services Centre Limited Reliance Vantage Retail Limited Wave Land Developers Limited Reliance Grand-Optical Private Limited Reliance Universal Commercial Limited Reliance Petroinvestments Limited Reliance Global Commercial Limited Reliance People Serve Limited Reliance Infrastructure Management Services Limited Reliance Global Business.00% 100.00% 91.09% 91.09% 100. Reliance Corporate Services Limited Country of Proportion of Incorporation ownership interest India India India India India India India India India Kenya India India India India India India Netherlands India U.00% 91.00% 100.00% 100.V. India Singapore India India India India India India India British Virgin Island India India India U.A India India India India India India India India India India India India India U.09% 91.00% 91.09% 100.09% 91.00% 100.* Reliance Commercial Land & Infrastructure Limited Reliance Corporate IT Park Limited Reliance Eminent Trading & Commercial Private Limited Reliance Progressive Traders Private Limited Reliance Prolific Traders Private Limited Reliance Universal Traders Private Limited Reliance Prolific Commercial Private Limited Reliance Comtrade Private Limited Reliance Ambit Trade Private Limited Reliance Petro Marketing Limited LPG Infrastructure (India) Limited Reliance Corporate Center Limited Reliance Convention and Exhibition Center Limited Central Park Enterprises DMCC * Reliance International B.00% 100.09% 100.00% 100.00% 100.00% 100.K. Limited Reliance Personal Electronics Limited Reliance Polymers (India) Limited Reliance Polyolefins Limited Reliance Aromatics and Petrochemicals Limited Reliance Energy and Project Development Limited Reliance Chemicals Limited Reliance Universal Enterprises Limited International Oil Trading Limited Reliance Review Cinema Limited Reliance Replay Gaming Limited Reliance Nutritional Food Processors Limited RIL USA Inc.09% 91.00% 91.00% 100.00% .09% 91.09% 91.09% 91. B.

55% 44.A 100.00% India 91.A 100.09% India 95.A 100.S.80% 50. Reliance Exploration and Production B. Reliance International Gas B.00% India 100. The significant Associates / Joint Ventures considered in the consolidated financial statements are: Reliance Industrial Infrastructure Limited India Reliance Europe Limited # U.63% 45.00% Reliance Oil and Gas Mauritius Limited Reliance Exploration and Production Mauritius Limited Reliance Holding Cooperatief U. SCHEDULE ‘N’ (Contd.00% Netherlands 100.00% India 98.00% India 100.A 100.A Indiawin Sports Private Limited Reliance Holding Netherlands B.A 100.89% 50. Reliance LNG Limited India Gujarat Chemicals Port Terminal Company Limited India Reliance Commercial Dealers Limited India Reliance-Vision Express Private Limited India Reliance-Grandvision India Supply Private Limited India Reliance Vornado Management Private Limited India Reliance Vornado Development Private Limited India Marks and Spencer Reliance India Private Limited India Reliance Innovative Building Solutions Private Limited India Diesel Fashion India Reliance Private Limited India Office Depot Reliance Supply Solutions Private Limited India Zegna South Asia Private Limited India IMG Reliance Private Limited India Deccan Cargo and Express Logistics Private Limited India EFS Midstream LLC # U. V.00% India 100.55% 44.S.00% U.A 100. New Technologies.55% 45.00% India 100.00% . V.00% Netherlands 100.09% India 100.00% Mauritius 100.S.00% India 91. 3.00% U.00% U.S.30% Netherlands 100.166 New Businesses. Reliance Exploration and Production Limited Reliance Holding USA Inc.55% 45.09% India 91.00% India 95.S.00% U.00% U.00% India 91.00% 45.00% British Virgin Island 100.00% 45.43% 50.63% 50.A # Associate Company having 31st December as a reporting date.55% 45.A 100.00% 30.S. New Partnerships.00% U.63% 50. 45.S.) Name of the Subsidiaries Country of Proportion of Incorporation ownership interest Mauritius 100.09% India 95.S.00% Netherlands 100.00% U.* Reliance Marcellus LLC* Infotel Broadband Services Limited Reliance Strategic (Mauritius) Limited Reliance Eagleford Midstream LLC* Reliance Eagleford Upstream LLC* Reliance Eagleford Upstream GP LLC* Reliance Eagleford Upstream Holding LP* Mark Project Services Private Limited Reliance Energy Generation and Distribution Limited Reliance Marcellus II LLC* Reliance Security Solutions Limited Reliance Industries Investment and Holding Limited Reliance Office Solutions Private Limited Reliance Style Fashion India Limited GenNext Innovation Ventures Private Limited GenNext Ventures Private Limited Reliance Home Products Limited Infotel Telecom Limited Reliance Styles India Private Limited Rancore Technologies Private Limited * Subsidiary Company having 31st December as a reporting date.00% Mauritius 100.K.00% 41. V.00% India 100.00% 44.

31 48. in the future years.00 10.24 (2. 210. 38. 2011 to 31st March. 2. the Company’s share of assets.Reliance Industries Limited 167 SCHEDULE ‘N’ (Contd.90 (b) Commission to Non-Executive Directors 1. 2010. liabilities.52 5.39 101.79 97.991. Turnover includes Income from Services of Rs. In respect of jointly controlled entities. 51.95 1.504. In view of the loss for the year. 2011 31st March. 1956.67 40. Consequent to the said revaluation.62 crore (Previous Year Rs.90 74. in crore) Particulars As on As on 31st March.06 (vi) Provision for Gratuity 0.33 6.633. Managerial Remuneration: (Included under the head “Payments to and Provisions for Employees”) (a) Remuneration to Managing Director / Executive Directors (Rs. in crore) 2010-11 2009-10 (i) Salaries 7. 2010 (i) Assets Long Term Assets 112.57 (iii) Commission 25.26 Current Assets 118. 7.55 (ii) Liabilities Loans (Secured & Unsecured) Current Liabilities and Provisions Deferred Tax (iii) Income (iv) Expenses 5.87 Investments 52.46 136.) 4. the subsidiary Company Infotel Broadband Services Limited has not created the Debenture Redemption Reserve of Rs. 2.68 1.75 . there is an additional charge of depreciation of Rs. has been withdrawn from Revaluation Reserve and credited to the Profit and Loss Account. 143.88 19. if any. 8. 292. 2011 in respect of subsidiaries having financial year ended 31st December. income and expenditure of the joint venture companies are as follows: (Rs. The differences in accounting policies of the Company and its subsidiaries are not material and there are no material transactions from 1st January.516. This has no impact on profit for the year.23 6.39 crore) on account of revaluation of Fixed Assets.80 crore) and an equivalent amount. 9.42 (ii) Perquisites and allowances 5.64 crore in terms of section 117C of the Companies Act. 7. The Gross Block of Fixed Assets includes Rs.51 41. 38. NIL (Previous Year Rs.55 0. The Company shall create the Debenture Redemption Reserve out of profits. The audited/unaudited financial statements of foreign subsidiaries / associates have been prepared in accordance with the Generally Accepted Accounting Principle of its Country of Incorporation or International Financial Reporting Standards.36 crore) and sales during trial run period of Rs.26 crore).36 40.20) 187.75 crore (Previous Year Rs.73 crore (Previous Year Rs.43 63.54 7.78 235.94 (iv) Leave salary / Encashment 0.55 (v) Contribution to Provident fund and Superannuation fund 0.

08 251.94.) Basic and Diluted Earnings (before exceptional items) per share (Rs. in crore) Weighted Average number of equity shares used as denominator for calculating EPS Basic and Diluted Earnings per share (Rs.30 10.) * Adjusted for issue of bonus shares in 2009-10 in the ratio of 1:1.502.58 11. in crore) Net profit attributable to equity shareholders (Rs. 703.210. A sum of Rs. in crore) Net Profit before Exceptional item (Rs.677.74 900. 1961 Carried forward loss of subsidiaries 318. 2011 a Deferred Tax Liabilities : Related to fixed assets b Deferred Tax Assets : Related to fixed assets Disallowances under the Income Tax Act.00 2009-10 24.56 2.87 As at 31st March. New Partnerships.39 10. 11.221* 82. in crore) As at 31st March.68 (0. 12. EARNINGS PER SHARE (EPS) 2010-11 i) ii) iii) iv) v) vi) vii) Net Profit after tax (after adjusting Minority Interest) as per Profit and Loss Account (Rs. 1. 2.) 19.168 New Businesses.35 crore (net debit)] is included under Establishment expenses representing Net Prior Period Items.03 680. 2005.405 64. New Technologies.025.83 crore (net debit) [Previous Year Rs.293. Pursuant to the scheme of arrangement to demerge certain undertakings which was approved by the Hon'ble High Court of Bombay on 9th December. .96.34 2.83 10.91 15.57 12.897.75.293.91 13.49 11.23) 24.19 1.503.29 53.478.75 67.702.52 crore has been appropriated against Revaluation Reserve.08.12 188.407. in crore) (Short) provision for tax for earlier years (Rs.14 (0. There have been certain claims relating to the above demerger / demerged undertakings which have been settled by the Company during the year and an additional amount of Rs. SCHEDULE ‘N’ (Contd. the Company had demerged assets and liabilities relatable to those demerged undertakings on the close of business on 31st August 2005.33) 19.00 94.97.) 10.72 1. 2010 viii) Face Value per equity share (Rs.97.070.35 20. The deferred tax liability comprises of the following: (Rs.

83 crore (Previous Year Rs.07 (ii) For hedging commodity related risks : Category wise break up is given below : As at 31st March.714.69 crore (Previous Year Rs. a) Revenue and expenses have been identified to a segment on the basis of relationship to operating activities of the segment.306 32. Revenue and expenses which relate to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as “Unallocable”. the differing risks and returns and the internal business reporting systems. Segment Information: The Company has identified three reportable segments viz.03 4. b) In accordance with principles of prudence and other applicable guidelines as per Accounting Standards notified by the Companies (Accounting Standards) Rules 2006 the Company has charged an amount of Rs.453 5.74 crore).649.21 crore).233.227 10.700 kbbl).09 crore) to the Profit and Loss Account in respect of derivative contracts.05 26. 94.772 4. Segments have been identified and reported taking into account nature of products and services. Category wise break up is given below : (Rs. 50. in crore) Sr. .Reliance Industries Limited 169 SCHEDULE ‘N’ (Contd.567. 1.713.308 kbbl (Previous Year 72.175 In addition the Company has net margin hedges outstanding for contracts relating to petroleum product sales of 79.900 8. (i) For hedging Currency and Interest Rate Related Risks: Nominal amounts of derivative contracts entered into by the Company and outstanding as on 31st March. FINANCIAL AND DERIVATIVE INSTRUMENTS a) Derivative contracts entered into by the Company and outstanding as on 31st March.757 21.141 4 Options 1. No Particulars Petroleum Crude Oil Other Petroleum Crude oil Other products purchases products products purchases products sales sales (in Kbbl) (in Kbbl) (in Kg) (in Kbbl) (in Kbbl) (in Kg) 1 Forward swaps 14.487.83 4 Forward Contracts 31. 2011 amount to Rs.08 2 Currency Swaps 4. 2010 Sr.23. NIL (Previous Year Rs.420 592 1.00.76 3 Options 28. Particulars As at 31st March.199.180. Refining and Oil & Gas.) 14.800 1. No. 15. Petrochemicals.768 51. 1. 2010 1 Interest Rate Swaps 36.853. The accounting policies adopted for segment reporting are in line with the accounting policy of the Company with following additional policies for segment reporting.185 572 2 Futures 2. c) Foreign currency exposures that are not hedged by derivative instruments as on 31st March 2011 amount to Rs. tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as “Unallocable”. 2011.253. 2011 As at 31st March.361. Investments.65 48. 2011 As at 31st March. b) Segment assets and segment liabilities represent assets and liabilities in respective segments.194 9.967 3 Spreads 33. 72.647.800 12.96 44.

29 5. “Segment Reporting”.89) 172.17 74.322.05 Petrochemicals 2010-11 2009-10 Refining 2010-11 2009-10 Oil and Gas 2010-11 2009-10 Others 2010-11 2009-10 Unallocable 2010-11 2009-10 (Rs.90 271.858.73 13.540.810. This mainly comprises of: * Textile * Retail Business * SEZ development * Telecom / Broadband Business . (ii) (iii) As per Accounting Standard on Segment Reporting (AS-17).73 67.029.48 1.145. development and production of crude oil and natural gas.429.649.58 (917. Polyester Yarn.224.03) 9.96 1.727.68 1.04 (460. Poly Butadiene Rubber.410.78 64.35 2.86 42.37 9.29 5.740.23 709.24 5.58 1.07* 423.348.774.76 1.07) (460.131.641.72 6.03 56. Caustic Soda and Polyethylene Terephthalate.32 172.054.131.56 1.17 19.41 9.897.164. in crore) Total 2010-11 2.705.056.27 2. — The businesses.68 3.36.71 29.199.29.442.022.79 14.42 1.476. Butadiene.29 (412.377. New Technologies.561.27 crore).09 2.70.41 8.95 79. have been grouped under the “Others” segment.181.13 (917.45 8. 50.25 15.76.540. Purified Terephthalic Acid.72 111.739.58 3.690.56 10.39 356.58 1.01 2.199.156.790.07 - .987.410.14 2.181. Linear Alkyl Benzene.715.325.37 24.540.01 - 9.371.327.715.124.78 2009-10 2.056.605.58 43.07) 47.69 3.04 875.648.470.90 .07.296.68 2.41 8.68 24.271.585.31 4.68 1.43 371.56 19.92 5.62 24.03.16 9.799.199.90 8.03 548.605.318.59.91 39.59 10.215.75.03 4.21) 24.41 8.649. Paraxylene.60 25.517. High and Low density Polyethylene.12 59.591.19 crore (Previous Year Rs.805.916. which were not reportable segments during the year.02 513.619.94 12.154.97 2.75 6.68 98.09 3.41 8.359.47 (4.62 47.57 (7.58 79.75 98.96 4.69 1.588.86 249.120. Polyvinyl Chloride. SCHEDULE ‘N’ (Contd.632.44 3.41 9.79 7.41 9.02 0.11.790.511.591.875.805.685.640.412.18 45.01 12. Aromatics.423.059.446.75 (25.059.02 214.8.124.24 4. New Partnerships.01 6.42 3.777.49) 4.72 20.068.76 1. Acrylonitrile.07) (460.50 59.132.93 6.92 5.31 4.86 3.01. the Company has reported segment information on consolidated basis including businesses conducted through its subsidiaries.799.640.113.741.49 (4.05 12.11 1.24 6.47 33.75 5.056.439.640.33 45. The reportable Segments are further described below : — The petrochemicals segment includes production and marketing operations of petrochemical products namely.56 10.959.57 28.181.371.640.18 2.05) 8.16 7.88 3.945.799.58 1.83 58.76.65.01 19.679.86.59 1.18 48.70 32.29 6. Polyester Fibre.91 65.468.41 9.75 818.47 98.378.54 6.67 17.174.03 5.966.92 13.67 4.21) 5. — The refining segment includes production and marketing operations of the petroleum products.05 5.48) 4.46 67.930.140.62 2.986.25 17.78* 2.293.314.692.417.02 2.541.503.91 1.) (i) Primary Segment Information : Particulars 1 Segment Revenue External Turnover Inter Segment Turnover Gross Turnover Less: Excise duty / Service Tax recovered Net Turnover 2 Segment Result before Interest and Taxes Less: Interest Expense Add: Interest Income Add: Exceptional Item Profit Before Tax Current Tax Deferred Tax Profit after Tax (before adjustment for Minority Interest) Add: Share of (Profit) / Loss transferred to Minority Profit after Tax (after adjustment for Minority Interest) 3 Other Information Segment Assets Segment Liabilities Capital Expenditure Depreciation Non Cash Expenses other than depreciation 917.244.130.45 4.05.119.80 271.106.15 11.47 662.92 - 2.932.58 26.44 57.741.60 49. Ethylene Glycol.611.051. 39.11.170 New Businesses. Olefins.66 4.43 3.91 6. Polypropylene.199.78 5.717.190.91 371.412.35.2.56 63. — The oil and gas segment includes exploration.33 *Total Gross Turnover is after elimination of inter segment turnover of Rs.061.52 22.79 311.727.695.92 4.429.010.24 6.18 4.898.84 1.540.796.01 1.790.439.09 10.119.73 26.

2011. BP Exploration (Alpha) Limited will pay to the Company an aggregate consideration of US$ 7.20 billion (inclusive of any adjustments for revenue and costs from 1st January.417.572. 9.37 10.81 2. . in crore) 2009-10 85.459.84 57.00 crore) as a deposit.949.55 2.130.71.07.004.023. which is a wholly owned subsidiary of M/s.077.77 623.517.52 1.56 2. Further.) (iv) 1.59 10.526.974. Secondary Segment Information: Segment Revenue – External Turnover .55 26. 3. The Company has entered into an arrangement with M/s.727.84 (Rs.Outside India Total Assets Segment Liability .Within India . BP Exploration Operating Company Limited.90 3.92 2.36 16.023. in crore) 2009-10 17.875.14 2.Within India .73 19.84 30. future perfomance payments of up to US$ 1.86 1.585.24 6.25.86 1.013.442.217. including KG D6 block subject to obtaining regulatory approvals.352.02 42.53 983.K Expenses on Project under Construction Interest Capitalised In respect of Subsidiary acquired during the year Less: Project Development Expenses Capitalised during the year Closing Balance 17.54 19. Pursuant to the arrangement. included under Capital work in progress) 2010-11 2004.073.354.164.59 2.777. under current liabilities.05.47 1.371.Within India .004. The Company has received US$ 2. 2011 to the closing date).11.89 1.17 Opening Balance Add: Transferred from Profit and Loss Account Schedule . against the above transaction.59. PROJECT DEVELOPMENT EXPENDITURE (in respect of Projects upto 31st March.347.Outside India Total Liability Capital Expenditure .26 17.583.901.Reliance Industries Limited 171 SCHEDULE ‘N’ (Contd. where BP has agreed to take 30% stake in 23 Oil & Gas production sharing contracts.44 55.8 billion could be paid based on exploration success that results in development of commercial discoveries.0 billion (Rs.49.26 7. The accounting entries of the above transaction will be made in the books of account of the Company on the receipt of final regulatory approvals.025.57 1.86 41.79 (Rs.78 2.19 57. BP Exploration (Alpha) Limited (BP).Outside India Total Revenue Segment Assets . that the Company operates in India. 4.88.862.76.92 152.875. M/s.446.29 1.07 2.Within India .Outside India Total Expenditure 2010-11 1. 16.05 2.81 10.

63 1. During the year.323. SCHEDULE ‘N’ (Contd.657. 9.76 15.69 crore have been made by the JV Partners and settled by the subsidiary.96 13.295. the Company has been legally advised that the demand is likely to be either deleted or substantially reduced and accordingly no provision has been made. Based on the decisions of the Appellate authorities and the interpretations of other relevant provisions.380.356.834.) 18.55 crore.461.07 3. 2011 (A) Estimated amount of contracts remaining to be executed on Capital account and not provided for: (i) In respect of joint Ventures (ii) In respect of others (B) Uncalled liability on venture fund units (C) Contingent Liabilities (i) Outstanding guarantees furnished to Banks and Financial Institutions including in respect of Letters of credit (a) In respect of joint Ventures (b) In respect of others (ii) Guarantees to Banks and Financial Institutions against credit facilities extended to third parties (a) In respect of joint Ventures (b) In respect of others (iii) Liability in respect of bills discounted with Banks (Including third party bills discounting) (a) In respect of joint Ventures (b) In respect of others 2. (D) The Income-Tax assessments of the Company have been completed up to Assessment Year 2008-09.172 New Businesses.05 145.983.68 crore.467. cash calls to the extent of Rs.635. New Partnerships.666.25 0. ADDITIONAL INFORMATION As at 31st March. in crore) As at 31st March. The disputed demand outstanding up to the said Assessment Year is Rs. Inc amounting to Rs.52 407.75 The Company has issued guarantees against future cash calls to be made by JV Partners of its wholly owned subsidiary Reliance Holding USA.69 243.01 869.57 17.56 4.54 583. .73 10. 2010 (iv) Claims against the Company / disputed liabilities not acknowledged as debts (a) In respect of joint Ventures (b) In respect of others (v) Performance Guarantees (a) In respect of joint Ventures (b) In respect of others (vi) Sales tax deferral liability assigned Note : 235. 1.72 24.54 2.409.57 108.41 (Rs. 1.80 1.42 0. New Technologies.44 832.04 5.

20. 31.) 19. 19. Trading Company Private Limited KCIPI Trading Company Private Limited Prakhar Commercials Private Limited Pepino Farms Private Limited Marugandha Land Developers Private Limited Jaipur Enclave Private Limited Einsten Commercials Private Limited Ashwani Commercials Private Limited Vishnumaya Commercials Private Limited Carin Commercials Private Limited Netravati Commercials Private Limited Rakshita Commercials Private Limited Kaniska Commercials Private Limited Rocky Farms Private Limited Centura Agro Private Limited Fame Agro Private Limited Noveltech Agro Private Limited Honeywell Properties Private Limited Parinita Commercial Private Limited Relationship Associate Companies / Joint Ventures . 6. 12.Reliance Industries Limited 173 SCHEDULE ‘N’ (Contd. 21. 28. 27. 1. 4. 25. 10. 33. 8. Name of the Related Party Reliance Industrial Infrastructure Limited Reliance Europe Limited Reliance LNG Limited Indian Vaccines Corporation Limited Gujarat Chemicals Port Terminal Company Limited Reliance Utilities and Power Private Limited Reliance Utilities Private Limited Reliance Ports and Terminals Limited Reliance Gas Transportation Infrastructure Limited Reliance Commercial Dealers Limited Reliance Commercial Trading Private Limited Delta Hydrocarbons S A Luxembourg Delta Corp East Africa Limited Diesel Fashion India Reliance Private Limited Atri Exports Private Limited Shree Salasar Bricks Private Limited N. 16. Related Party Disclosures : (i) List of related parties and relationships: Sr No. 2. 13. 17. 30. 14. 26. 24. 7.C. 35. 23. 18. 5. 22. 29. 32. 34. 15. 9. 3. 11.

Name of the Related Party Chander Commercial Private Limited Creative Agrotech Private Limited Reliance-Vision Express Private Limited Marks and Spencer Reliance India Private Limited Reliance Vornado Development Private Limited Reliance Vornado Management Private Limited Reliance-GrandVision India Supply Private Limited Office Depot Reliance Supply Solutions Private Limited Supreme Tradelink Private Limited Reliance Paul And Shark Fashions Private Limited Gaurav Overseas Private Limited Reliance Innovative Building Solutions Private Limited Reliance Investment Holdings B.f. 60.174 New Businesses. 43. 39. 41. 58. 53. SCHEDULE ‘N’ (Contd. Ambani Shri Nikhil R. Meswani Shri Hital R. 37. New Partnerships. 61. Deccan Cargo and Express Logistics Private Limited IMG Reliance Private Limited EFS Midstream LLC Zegna South Asia Private Limited Shri Mukesh D.S. New Technologies. 36. 56.V. 45. 49. 42. K. 16th May 2010) Dhirubhai Ambani Foundation Jamnaben Hirachand Ambani Foundation Hirachand Govardhandas Ambani Public Charitable Trust HNH Trust and HNH Research Society Reliance Foundation Relationship Associate Companies / Joint Ventures Key Managerial Personnel Enterprises over which Key Managerial Personnel are able to exercise significant influence . 62. 40. Meswani Shri P. 59.e. 47.) Sr No. Prasad Shri P. 48. 46. 63. Kapil (w. 38. 51. 54. 64. 55.V. 44. 50. 57. Reliance Investment Sarl Paradise Global Enterprises B.M. 52.

1.63 205.572.67 5.90 2.40) 310.26 18.30 789.18 21.93 40. 7.12 595.00 232. 15.50 220.98 0. 14.63 (9. 8. 16.26 18.16 81. Fuel and Water Hire Charges Manpower Deputation Charges Payment to Key Managerial Personnel Sales and Distribution Expenses Professional Fees General expenses Donations Interest Associates Key Managerial Others Personnel 144. 12.62 559.532. 18.09) (9. 11.98 98.67 40.57 2. 6.26 960.90 26. 17.84 6.12 595.95 17. Nature of Transactions (Excluding reimbursements) Purchase of Fixed Assets Sale of Fixed Assets Purchase / Subscription of Investments Sale / redemption of Investments Loans and advances given / (returned) Unsecured Loans (taken) / repaid Turnover Other Income Purchases Electric Power.97 24.50 220.48 85.18 21. 13.26 960.63 205.572.57 2.67 5.84 6.31 .45 1.48 85. 3.01 692.98 0.00 21.32 12.09) (9.90 24.00 917.45 1. in crore) Sr.16 81. 2.Reliance Industries Limited 175 SCHEDULE ‘N’ (Contd.97 Total 144.532.90 26. 5.00 21.00 87.41 9.67 40.00 87.63 (9.98 98.41 9.32 12. 10.95 17.00 232.24 45.24 45.01 692. No.) (ii) Transactions during the year with related parties : (Rs.40) 310.93 2. 9.31 40. 4.30 789.00 917.62 559.

22.973. 24. 23.11 310. New Partnerships. 1.857.03 7. .97 715.860. New Technologies.47 7. 25. 21.857.03 7.49 2.38 2.293.12 353.35 1.03 Balance as at 31st March. in crore) Sr.47 7.356. 9.176 New Businesses.93 14. 2. Inc amounting to Rs.55 crore.30 26. The Company has issued guarantees against future cash calls to be made by JV Partners of its wholly owned subsidiary Reliance Holding USA.03 Total 18. Nature of Transactions (Excluding reimbursements) Investment written off (net) Associates Key Managerial Others Personnel 18.11 310. Figures in Italics represent Previous Year’s amounts. 26. No. SCHEDULE ‘N’ (Contd.35 1.72 563.90 1.38 2.97 715. 19.) (Rs.81 604.973.293.72 563. 2011 20.49 2. During the year.860.12 353. Investments Sundry Debtors Loans & Advances Unsecured Loan Sundry Creditors Financial Guarantees Performance Guarantees Note : 1.409.93 14.90 1. cash calls to the extent of Rs.81 604.30 26.69 crore have been made by the JV Partners and settled by the subsidiary.

) Disclosure in respect of Material Related Party Transactions during the year : 1. 72. NIL).35 crore). 526. 209. EFS Midstream LLC Rs.14 crore (Previous Year Rs. 65. 44. Gujarat Chemicals Port Terminal Company Limited Rs.33 crore). 87. Guarantee Commission from Reliance Europe Limited Rs. 674.40 crore (Previous Year Rs. Shri Nikhil R. 4. 32. NIL) Unsecured Loan repaid during the year include Reliance Ports and Terminals Limited Rs.03 crore .15 crore). Reliance Gas Transportation Infrastructure Limited Rs. 9. 52.92 crore). 2. 8. NIL crore (Previous Year Rs. 24. 595. 0. Payment to Key Management Personnel include to Shri Mukesh D. 1. 25.00 crore). NIL). 17.75 crore (Previous Year Rs.00 crore). 6.47crore). (Previous Year Rs. Other Income includes Interest from Gujarat Chemicals Port Terminal Company Limited Rs. 163. Reliance Ports and Terminals Limited Rs. Gujarat Chemicals Port Terminal Company Limited Rs.60 crore). NIL (Previous Year Rs. Reliance Commercial Trading Private Limited Rs. 0. 7. NIL (Previous Year Rs.144. 625. 50. Rocky Farms Private Limited Rs. Delta Hydrocarbons S. 21.98 crore (Previous Year Rs.05 crore (Previous Year Rs. Reliance Commercial Trading Limited Rs. 48.74 crore). 314.68 crore). NIL).42 crore).12 crore).30 crore (Previous Year Rs.98 crore). NIL (Previous Year Rs. Gaurav Overseas Private Limited Rs.95 crore). 5. Loans given during the year include Indiawin Sports Private Limited Rs.45 crore (Previous Year Rs. NIL). 11.Reliance Industries Limited 177 SCHEDULE ‘N’ (Contd. 9. 52.57 crore). 5. Meswani Rs. Reliance Commercial Trading Private Limited Rs.00 crore).88 crore).88 crore. 50. Reliance Ports and Terminals Limited Rs. 10. Gujarat Chemicals Port Terminal Company Limited Rs.91 crore). 33. 11. 17.00 crore). 15. Shri Hital R. 11.43 crore).25 crore (Previous Year Rs. 1. Fuel and Water charges include Reliance Utilities and Power Private Limited Rs. Jaipur Enclave Private Limited Rs.25 crore. Reliance Gas Transportation and Infrastructure Limited Rs..63 crore (Previous Year Rs.90 crore).12 crore (Previous Year Rs. 652. Honeywell Properties Private Limted Rs.A. Reliance Commercial Dealers Limited Rs. 34.13 crore).54 crore (Previous Year Rs. 6. Gujarat Chemicals Port Terminal Company Limited Rs. 0. 3. Reliance Industrial Infrastructure Limited Rs.91 crore (Previous Year Rs. NIL (Previous Year Rs. 25. Gujarat Chemicals Ports Terminal Company Limited Rs. Reliance Ports and Terminals Limited Rs. (Previous Year Rs. NIL (Previous Year Rs.97 crore (Previous Year Rs.83 crore).56 crore).14 crore). Meswani Rs.86 crore).75 crore (Previous Year Rs. Reliance Utilities Private Limited Rs. 1.01 crore).99 crore (Previous Year Rs. Reliance Utilities Private Limited Rs. 291. Loans returned during the year include Reliance Industrial Infrastructure Limited Rs. NIL (Previous Year Rs. 0. (Previous Year Rs. 2.00 crore). Marugandha Land Developers Private Limited Rs. NIL (Previous Year Rs. 310. 3. NIL (Previous Year Rs.51 crore). 2.24 crore (Previous Year Rs. 43.00 crore.56 crore). 8.31 crore (Previous Year Rs. NIL crore (Previous Year Rs. NIL (Previous Year Rs. 0. 1. Sale / redemption of investments include Reliance Gas Transportation Infrastructure Limited Rs.01 crore). NIL) Deccan Cargo & Express Logistics Private Limited Rs. Delta Corp East Africa Limited Rs. Hire Charges include Reliance Industrial Infrastructure Limited Rs.57 crore). NIL (Previous Year Rs. 8. Purchase of Fixed Assets include Reliance Ports and Terminals Limited Rs. 89. NIL (Previous Year Rs.00 crore). NIL (Previous Year Rs.09 crore (Previous Year Rs. 10. Ambani Rs. 285.18 crore).57 crore (Previous Year Rs. NIL (Previous Year Rs.00 crore (Previous Year Rs. 219. 2. 15. 0. 113. NIL (Previous Year Rs.00 crore (Previous Year Rs.83 crore). 24. 11. Turnover includes Reliance Ports and Terminals Limited Rs.96 crore (Previous Year Rs. Purchase / Subscription of Investments include Reliance Gas Transportation Infrastructure Limited Rs. Chander Commercials Private Limited Rs. Electric Power. Luxembourg Rs. 2. Purchases includes Reliance Gas Transportation Infrastructure Limited Rs.

17.03 crore). Gujarat Chemicals Port Terminal Company Limited Rs. 0.12 crore). Interest include Reliance Ports and Terminals Limited Rs.48 crore (Previous Year Rs. 81.K. NIL (Previous Year Rs. New Technologies.49 crore). HNH Trust and HNH Research Society Rs.30 crore).18 crore (Previous Year Rs.14 crore). Shri H. Reliance Ports and Terminals Limited Rs.25 crore). 2.37 crore (Previous Year Rs. Shri P. 1.S. 2. 0. Manpower Deputation Charges include Reliance Industrial Infrastructure Limited Rs.178 New Businesses. 1.10 crore (Previous Year Rs.83 crore).81 crore). 18. Professional Fees include Reliance Europe Limited Rs.524. Prasad Rs.00 crore).38 crore). 24.53 crore).82 crore (Previous Year Rs. NIL (Previous Year Rs.22 crore (Previous Year Rs. S. Reliance Ports and Terminals Limited Rs. Shri R. 21. 9. 5. General expenses include Reliance Industrial Infrastructure Limited Rs. New Partnerships.20 crore). Investment written off (net) includes Gujarat Chemicals Port Terminal Company Limited Rs. 9. 9. 3.00 crore (Previous Year Rs. Shri P. NIL (Previous Year Rs.M. 14.77 crore). . 74.73 crore (Previous Year Rs.16 crore (Previous Year Rs. 1. 16. 18. 0. Ravimohan Rs. 16.75 crore (Previous Year Rs. NIL (Previous Year Rs. NIL). 1. 18.58 crore (Previous Year Rs.12 crore). 1. Donations to Dhirubhai Ambani Foundation Rs. Kohli Rs.46 crore). Kapil Rs. NIL (Previous Year Rs. 1.32 crore). 12.41 (Previous Year Rs. NIL). Sales and Distribution Expenses include Reliance Ports and Terminals Limited Rs. 2. 20.31 crore). Jamnaben Hirachand Ambani Foundation Rs. Office Depot Reliance Supply Solutions Private Limited Rs. 17. 15. NIL (Previous Year Rs. 8. 11. 13.562. (Previous Year Rs. Reliance Gas Transportation Infrastructure Limited Rs. 11.

60.23 0.000 Reliance Commercial Trading Private Limited (5.98 708.29. (2.89 .12.000) of Euro 50 each 25.Reliance Industries Limited 179 SCHEDULE ‘N’ (Contd.63.60 0. 10 each In Equity Shares . 1 each 5. 23. 2010 113.40.Indiawin Sports Private Limited (75.A.125) 64.33 22.500) 22. 1 each 22. 1 each 22.000 Delta Hydrocarbons S.20. 60 : Previous Year Rs.01 0. 100 each EFS Midstream LLC (Rs.35 63.000 Gaurav Overseas Private Limited (5.990) 10.000 Reliance Utilities and Power Private Limited (22.000) of Re.43 28.971 (-) Reliance Investment Sarl of Euro 25 each (Rs.17 247.11 0.000) of Rs. Luxembourg (10.92 57.064) of Rs. 10 each (22.314 Delta Corp East Africa Limited of KES 10 each (7. 67) Deccan Cargo & Express Logistics Private Limited of Rs.69 0.500 Reliance Europe Limited of Sterling Pound 1 each (11.14 135.16 0.76 0.99.000) Class ‘A’ Shares of Re.08.000 Paradise Global Enterprise B. 10 each (Rs.000) of Rs.064 Reliance Industrial Infrastructure Limited (68.02 7. fully paid up 11. 10 each (49.43 106.23 0.42 106.314) 62.81 28.V. (25.990 Reliance Commercial Dealers Limited of Rs.500) 5. 10 each (62.47.99.24.08.275) 49.23 0.90 5.000 Reliance Utilities Private Limited Class ‘A’ Shares (22.500 Reliance LNG Limited of Rs.02 7. INVESTMENTS IN ASSOCIATES LONG TERM INVESTMENTS Other Investments In Equity Shares .125 Indian Vaccines Corporation Limited of Rs.15 526.000 Gujarat Chemicals Port Terminal Company Limited (12.000) of Euro 1 each 250 (250) 37.000) of Re.12.50.Unquoted.V.23 0.70.40. DETAILS OF INVESTMENTS: A . 10 each (Rs.) As at 31st March.000) .843) 2.000) of Rs.50. 38. fully paid up 68.Quoted.04.47. 2011 20.70.20.81 113.60. NIL : Previous Year Rs.000 Reliance Investment Holdings B.53 69.88 0. NIL : Previous Year Rs. 10 each 7. in crore) As at 31st March.67 0.63.

000) 25 The Colaba Central Co-operative Consumer’s (25) Wholesale and Retail Stores Limited.) As at 31st March.00 - 10. SCHEDULE ‘N’ (Contd.Unquoted. 1.00. fully paid up 1.10 0.000.764 Himachal Futuristic Communications Limited (-) of Re. 10 each (19. New Technologies. Total Investment in Associates (A) B. INVESTMENTS IN OTHERS LONG TERM INVESTMENTS Government and other Securities . 2010 2.704 Compulsorily Convertible Debentures of (-) Deccan Cargo & Express Logistics Private Limited of Rs.00.000 : Previous Year Rs. in crore) As at 31st March.000) Other Investments In Equity Shares-Quoted.00 16.11 0. Fully Paid Up 4.32.58 1.47. Fully paid up 50.17 57.00 - Trade Investments In Equity Shares-Unquoted.00 2.00.00 2.241. 2 each 4.00 50.00 50.404.00.11 0.00 10.000. 10 each (1.92.00.000 9% Non Cumulative Redeemable Preference Shares of (50.000 Petronet India Limited of Rs.84. 2011 In Preference Shares .273 EIH Limited (-) of Rs.00.00 10.19 93.65 (Rs.23 51.00 .000 each.Unquoted. (Sahakari Bhandar) of Rs.11 0.314.00 10.00. 200 each (Rs.10 10.10 0. New Partnerships.000.00.860 Den Networks Limited of Rs. 5. Authorities) 2.00.335 Zero Coupon Secured Optionally Fully (5.45.860) 8.Unquoted 6 Years National Savings Certificate (Includes deposited with Sales Tax Department and other Govt.915. 30.000.180 New Businesses. 100 each.84.32 0. 5.000) Convertible Debentures of Reliance Commercial Trading Private Limited of Rs.00 42. fully paid up 19.00 38.00 2. 1 each 10.85.42 2.22.00 1.000) Reliance Gas Transportation Infrastructure Limited of Rs 10 each In Debentures .75 38.

43. 10 each 1.000 Citifinancial Consumer Finance India Limited 400. Non Convertible Debentures of Rs.00 (-) Secured Non Convertible Redeemable Debentures of Rs.Series 428 .000 10% Non Cumulative Optionally Convertible 700.000) Non Convertible Redeemable Debentures of Rs.000 each 550.00.48 (85. 18.000 each .00.000: Previous Year Rs.000 National Stock Exchange of India Limited 28. 10. 2011 In Equity Shares-Unquoted.800) (Rs.Series 418 .000 each 40.000 Citi Corporation Finance (India) Limited 50.000) 1.800 Teesta Retail Private Limited of Rs. 18.00 (-) Non Convertible Redeemable Debentures of Rs. 18.000 Air Control and Chemical Engineering Company (1.500 : Previous Year Rs.000 Citi Corporation Finance (India) Limited 50. 1.000 each . 10 each (1. fully paid up 5.800) (Rs.00 - - 200.48 0.000: Previous Year Rs.800 Sharanya Trading Private Limited of Rs.800) (Rs.00 700.000) of Rs.00 975. 2010 28.00 In Debentures .000) 71.000 each .00 (-) Secured Non Convertible Redeemable Debentures of Rs. Fully paid up 14.000: Previous Year Rs. 18.00.00.00.800 Shinano Retail Private Limited of Rs.00. 1.000) Non Convertible Redeemable Debentures of Rs.000 each .00.00.500) 1.Series 331 .00 .000 each .49 700. 18. 1. 18.10 each (1.V. 15.500) Secured Guaranteed.00 (14.Citifinancial Consumer Finance India Limited (70.DSP Merril Lynch Capital Limited (7.Series 324 5.Unquoted.500 Reliance Research and Development Services (1.00 - 700.Series 325 5.10 each (Rs.10 each (1.00 (-) Secured Non Convertible Redeemable Debentures of Rs.Citi Corporation Finance (India) Limited (2.000: Previous Year Rs. 15.000) Limited of Re.00 75. 1.Quoted.500) Private Limited of Rs. 1.00.000 Citi Corporation Finance (India) Limited 50.Reliance Industries Limited 181 SCHEDULE ‘N’ (Contd. in crore) As at 31st March.00 (Rs. 1.01 28.000) Preference Shares of Shinano Retail Private Limited 700. fully paid up 85. 1 each (Rs.000) 18 Parabool Enterprises B. 1.) As at 31st March. 1.000) 1.16 (18) of Euro 100 each 1.64 In Preference Shares .

00.000 Birla Sun Life Fixed Term Plan (-) Series CR Growth 5.00 15.00.00 30.00 145.00. 2011 In Debentures .000 Canara Robeco Series 6-13 Months (-) (Plan A) .50. in crore) As at 31st March.00. fully paid up (Face Value of Rs.00.Growth 1.00 120.00.000 Birla Sun Life Fixed Term Plan (-) Series CW Growth 5.Growth (-) 10.000 Birla Sun Life Fixed Term Plan (-) Series CO Growth 12.00.00.000 Birla Sun Life Fixed Term Plan (-) Series CM .00 10. fully paid up 1.000 Birla Sun Life Fixed Term Plan (-) Series CV Growth 14. 10 each) 6.182 New Businesses.00 135.00.00.00 240.00.000 DSP Blackrock Series 13 .13 Months (-) (Plan B) .00.000 Axis Fixed Term Plan (-) Series 13 .Growth 30.00 150.000 Birla Sun Life Fixed Term Plan (-) Series CT Growth 10.00 315.00.000 DSP Blackrock .00 50.50.00 105.00.000 Birla Sun Life Fixed Term Plan (-) Series CU Growth 3.00.00 - .000 Baroda Pioneer Series 1 .00 60.00. New Partnerships.Unquoted.50.00 300.000 Zero Coupon Unsecured Optionally Fully (1.000 DSP Blackrock .00.Growth 6.Growth 31. SCHEDULE ‘N’ (Contd.000) Convertible Debentures of Reliance KG Exploration & Production Private Limited of Rs.00.) As at 31st March.00.00.00.50.000 Birla Sun Life Fixed Term Plan (-) Series CQ Growth 13.00.00 (Rs.00.00.50.12 M Series 15 .00 190.00. 2010 10.00 10.00.Growth (-) 15.00.00 50.00 100.00 60.Growth Plan (-) 19.00. New Technologies. 10 each In Units of Fixed Maturity Plan .Growth (-) 10.00.00 50.00.00.000 Birla Sun Life Fixed Term Plan (-) Series CP Growth 5.Quoted.000 Birla Sun Life Fixed Term Plan (-) Series CS Growth 24.00.12 M Series 14 .00.000 Canara Robeco Series 6 .

1 Year Plan C Cumulative ICICI Prudential Series 55 .Growth Series .00.XVI HSBC Fixed Term Series 79 Growth UCC ICICI Prudential Series 51 .00.000 (-) 10.00.00 60.50.00.000 (-) 13.00 70.00 250.80.00.00.00.000 (-) 9.00.000 (-) 25.000 (-) 4.00 165.Growth Fidelity Series 5 .00 30.50.12 M Series 17 Growth DSP Blackrock .000 (-) 3.00 135.000 (-) 3.Growth Series XVI HDFC 370 D (2) .00 90.000 (-) 15.000 (-) 20.000 (-) 2.00.00.1 Year Plan A Cumulative ICICI Prudential Series 56 .000 (-) 7.1 Year Plan D Cumulative ICICI Prudential Series 55 .00.00 140.00.50.Growth DSP Blackrock .00.00.000 (-) 10.00.50.000 (-) 16.1 Year Plan E Cumulative ICICI Prudential Series 56 .00.00 100.00.000 (-) 22.Growth Series XVI HDFC 370 D (5) .1 Year Plan D Cumulative IDBI .000 (-) 6.Growth Series XVI HDFC 370 D (3) .00.000 (-) 3.000 (-) DSP Blackrock Series 16 .00.Reliance Industries Limited 183 SCHEDULE ‘N’ (Contd.Growth HDFC 370 D (1) . 2011 6.Plan F .1 Year Plan A Cumulative ICICI Prudential Series 55-1 Year Plan B Cumulative ICICI Prudential Series 55 .00.1 Year Plan A Cumulative ICICI Prudential Series 55 . 2010 - .50.00 80.12 M Series 18 .00 35.1 Year Plan B Cumulative ICICI Prudential Series 56 .1 A Growth 60.367 days Series .00 48.00.000 (-) 8.00 150. in crore) As at 31st March.00 225.00.00.00.000 (-) 7.Growth Series XVI HDFC 370 D (4) .00.00 200.00.00.000 (-) 5.50.00.00.00.000 (-) 14.00.) As at 31st March.00.00 (Rs.00 50.00 100.00 30.00.00.00 25.00 75.00.1 Year Plan F Cumulative ICICI Prudential Series 54 .

1 .000 (-) 4.00 94.00.897.00.50.00 150.00 40.12 .000 each HDFC Warrants HDFC India Real Estate of Rs.50. 1.000 (-) 2.000 (-) 25.00.000 (-) 2.00.00 250.00.00.88 (Rs.00.00 24.33 106.50.543.00.000 (-) 20.00 150.00 75.Growth Sundaram Fixed Term Plan BA 366 days Growth Tata Series 31 Scheme B . New Technologies.00 55.49 24.Growth Tata Series 31 Scheme C .000 (-) 12. 2011 2.39 In Others 4.37 .00 150.85.81.00 25.000 (-) 15.C .000 (-) 2.00 140.751.000 (-) 15.00.00.Growth JPMorgan India 367 D Series 1-Growth Plan JPMorgan India 400 D Series .1 Growth Plan 25.Growth SBI Debt Fund Series 9 .00.00.000 (-) 5.000 (-) 3.00 150.00.000 (-) 5.10 Growth SBI Debt Fund Series 370 days .00 30.000 (-) (8.000 (-) 14.Yearly Series 42 . 1.Growth SBI Debt Fund Series .) As at 31st March.000 per unit 45.Growth IDFC .50.50.00 8.50.000 (-) 15.00.00.00 125.00.D Growth IDFC Yearly Series 37 .476 (9.00.00.000 (-) 15.00.40.000 (-) IDBI Series .11 . New Partnerships.92.00.Growth IDBI 367 D Series .677) Faering Capital India Evolving Fund of Rs.00 50.00.00.00. SCHEDULE ‘N’ (Contd.1 Growth SBI Debt Fund Series 370 days .00.00 200. 2010 1.00 25.00.000 (-) 7.00.370 days .184 New Businesses.Growth IDFC Fixed Maturity Yearly Series 38 Growth IDFC Fixed Maturity Yearly Series 40 Growth IDFC Yearly Series 41 .00 5.Growth UTI Fixed Term Income Fund Series IX .00.1 . in crore) As at 31st March.340) 8.50.

Quoted 1.000 Peninsula Realty Fund of Rs. 8.27 4.35 % GOI 2022 9.Reliance Industries Limited 185 SCHEDULE ‘N’ (Contd. 1.43 346. 1.537) 5. 1.000) of Rs.13 % OIL MKT COS SB 2021 9.000 per unit ( Rs.187 Housing Development Finance Company Limited (7.Quoted 7.000 each.92 0.91 2.000 each (Rs.04 3.27 5.00 774.600) Company Limited 1.000) of Rs.531.077) 2.17 4. (400) 20.973.27 0.50 20.000 paid up) .53 % MHA SDEL 2020 8.25 0.234.) As at 31st March.59 % GOI 2016 7. 10.Quoted 50.32 138.000 Citi Financial Consumer Finance India Limited (-) 2.94 4.000 per unit (50.000 Urban Infrastructure Opportunities Fund (20.20 2. 20.27 3.20 9.00 91. 2010 40.48 1. 5.53 1.17 483.632. 2.81 % Punjab SDL 2018 In Certificate of Deposits with Scheduled Banks .07 10.250) 15.52 206.000 paid up : Previous Year Rs.077.27 In Public Sector Undertakings / Public Financial Institutions & Corporate Bonds . USA 5.68 (Rs.000) (Rs.QP.99 % GOI 2017 6.36 200.49 125.00 79.450 Indian Railway Finance Corporation Limited (2.87 0.04 5. 2011 50. 1.35 % GOI 2020 8.000 paid up) Total Long Term Investments CURRENT INVESTMENTS Other Investments In Government Securities .632.86 % Kerala SDL 2018 8.16 . in crore) As at 31st March.00 19.000 paid up) MPM Bioventure IV .31 219.00.76 0.11 2.050) 98.Pass Through Certificates (PTC) issued by (88) Indian Residential MBS Trust (Rs.69 200.00. 10.000 Infrastructure Development Finance (3.15 0.000 per unit 8.000 JM Financial Property Fund of Rs.00 19.973.33 3.250 EXIM Bank of India (1.00.000 Multiples Private Equity Fund Scheme 1 (-) of Rs.00. LP.000 Urban Infrastructure Opportunities Fund (8.

186 (-) 2.28.87.45 112.69.95.Growth of Rs.52.26.37.44 150.Treasury Advantage Plan .43 146.236) 86. 10 each HDFC Liquid Fund .500 ( 3.77 9.672) (8.500 (8.19.34 131.45 4.Premium Plan . 10 each HDFC Liquid Fund .07 16.548 (-) 17.Cash Management Fund of Rs. 2010 850.) As at 31st March.25.08 - .33.00 11.35 93.35.Dividend .379) 96.00 100. 10 each DWS Insta Cash Plus Fund .18 240.630. 10 each HDFC Cash Management Fund .217.14.86 551.Daily Dividend Reinvestment of Rs.326) (1.00.670. in crore) As at 31st March. New Partnerships.Institutional Bonus Option of Rs.15.18 3.466 : Previous Year Rs.350 (8.Growth of Rs.111 (-) (13. 10 each DWS Insta Cash Plus Fund Bonus of Rs.33 0. 10 each HDFC Mutual Fund .Daily Dividend re-investment of Rs.250) 5.297 (7.950) 1.Unquoted Housing Development Finance Corporation Limited In Units-Unquoted 10. 10 each HDFC Floating Rate Income Fund-Short Term PlanWholesale Option .328 (-) Birla Sun Life Short Term FMP Series I of Rs.30 In Commercial Paper .81. 10 each HDFC Cash Management Fund .Growth of Rs.22 0.11 895.10 each (Rs.83. NIL) 1.000 (-) 1.Saving Plan Daily Dividend Reinvestment of Rs.500 (-) LIC Housing Finance Limited National Housing Bank Power Finance Corporation Limited Power Grid Corporation of India Limited Rural Electrification Corporation Limited Steel Authority of India Limited 1.Daily Reinvest of Rs.400) 920 ( -) 1.186 New Businesses.45 3. 10 each HDFC Liquid Fund Premium .500) (1.49 (Rs.49 93.39.00. 10 each HDFC Liquid Fund Premium Plan . 2011 12. 23.11 10. New Technologies.48 348.359 (-) 12.316) (4. SCHEDULE ‘N’ (Contd.33 33. 10 each HDFC Floating rate income Fund Dividend Reinvestment Daily of Rs.03 124.485 (-) 3.

253) Kotak FMP 6M Series 9 of Rs.39.75 1.680.43.553) Div . Dipak C. Shah Partner Mumbai April 21. 100 per unit 20. 10 each 2.ICICI Prudential Liquid Super Insitutional Plan (60.Debt Plan (-) Institutional Dividend of Rs.630) Institutional Daily Dividend of Rs.Reliance Industries Limited 187 SCHEDULE ‘N’ (Contd.915 SBI MF SDFC 90D (-) of Rs.Super (15. 10 each Note : Provision for diminution in the value of investments is Rs. Prasad R.M.602. Ambani M. Meswani Executive Directors H.H.25 .61.12 each 644967 SBI-Magmum Insta Cash Fund .39 2.078) ICICI Prudential Institutional Liquid Plan Super Institutional Growth of Rs.00 2.66. D.75. Bhakta Y.84.00 824.483 ICICI Prudential Institutional Liquid Plan (-) Super Institutional Daily Dividend of Rs.30 crore).79 15.563 Reliance Regular Saving Fund . Ambani Chairman & Managing Director N.596.P.54.00 100.90 crore (Previous Year Rs.M. in crore) As at 31st March.R. 2011 V. Ashok Misra Prof. Kapur M.) As at 31st March.63. Meswani P.S.50. Ambani Company Secretary For and on behalf of the Board M. 100 each ICICI Prudential Flexible Income Plan Premium Growth of Rs.30 1. 100 each . Trivedi Directors Dr.91. Chaturvedi Partner A.R.Daily of Rs.93 13.50 8.99 10.D.112. 8.707. Chartered Accountants D. 111.79.000 (-) (6.951) (2.85 0. 100 each ICICI Prudential Liquid Super Institutional Plan Dividend Daily of Rs.17 (Rs.P.V.79.61 100.75 236.472.322) (58. 2011 (1.L.75.R.Short Term Plan Growth of Rs. 100 each 20. As per our Report of even date For Chaturvedi & Shah Chartered Accountants For Deloitte Haskins & Sells Chartered Accountants For Rajendra & Co.61 Total Current Investments Investment in Others (B) Total (A+B) 9. 10 each LICMF Floating Rate Fund . Jain } } . Siddharth Partner A.84 18.ICICI Prudential Institutional Liquid Plan . 10 each 1. 2010 239.52 21.10.Cash Option (-) of Rs. 100 each 7.79 0. Modi Prof.

31 40.04 167.01 0.21) (1.53) (2.57) (0.42 0.67 32.05) (881.00 98.17 1.06 78. 14.99) 21.48 .90 (4.07 3872.81 (2.38 2156.31) (8.80 2160.81) (571.00 432.39 0.20) (0.89) (1.00 80. INR EUR MN Reliance Haryana SEZ Limited INR Reliance Fresh Limited* INR Retail Concepts & Services (India) Limited* INR Reliance Retail Insurance Broking Limited INR Reliance Dairy Foods Limited INR Reliance Exploration and Production DMCC INR USD MN Reliance Retail Finance Limited INR RESQ Limited INR Reliance Commercial Associates Limited INR Reliancedigital Retail Limited INR Reliance Financial Distribution and INR Advisory Services Limited RIL (Australia) Pty Limited INR AUD MN Reliance Hypermart Limited* INR Gapco Kenya Limited INR KSH MN Gapco Rwanda SARL INR FRW MN Gapco Tanzania Limited INR TZS MN Gapco Uganda Limited INR USH MN Gapoil (Zanzibar) Limited INR TZS MN Gulf Africa Petroleum Corporation INR USD MN Transenergy Kenya Limited INR KSH MN Recron (Malaysia) Sdn Bhd INR RM MN Reliance Retail Travel & INR Forex Services Limited Reliance Brands Limited INR Reliance Footprint Limited INR Reliance Trends Limited INR Reliance Wellness Limited* INR Reliance Lifestyle Holdings Limited* INR Reliance Universal Ventures Limited INR Delight Proteins Limited INR Reliance Autozone Limited INR Reliance F&B Services Limited INR Reliance Gems and Jewels Limited INR Reliance Integrated Agri Solutions Limited* INR Strategic Manpower Solutions Limited INR 9.55) (2.22 2.00 16.19 157.86 262.14 29910.04) (11.61 26.13 142.72) India India India U.50) (6.05 12.05 1.73 193.58 260234.188 New Businesses.18) (21.61 (4.22 19.10 1.05 39.30 29.38 330.32 3266.223470.24 0.61 26.06 1122. Financial Information of Subsidiary Companies Rs.05 0.71 118.35 22.05 80.07 348.17 1839.05 0.05) (4.20) (0.64 120.85) (257.33) (2.38 1163.41 6.05 126.24 4301.63 3192.15 22.98) (7.47) 178.04 0.01) (8.16) (12.30 6.31 1014.01 - INR INR INR USD MN Reliance Jamnagar Infrastructure Limited INR Reliance Retail Limited* INR Reliance Netherland B.05 4. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 Reliance Industrial Investments and Holdings Limited Reliance Ventures Limited Reliance Strategic Investments Limited Reliance Industries (Middle East) DMCC* Reporting Currency INR Capital Reserves Total Assets 9975.05 0.04 122.94) (0.18 6.47 67.00 14.22) (2.63 1.53) (0.86 1.10) (0.1075.31 320.40) (1.22 116.05 2282.48 (4.26 0.34 481.61) (11.05 0.50 0.95 38. 1 SGD = Rs 35.62 2.01 4. V.14 381. 0.31) (6.84 (11.22) (0.01 (7.16) (7.19 411.7050.45 24.10) (128.0194.76 411.41 0.88 1055.76 682. 1 FRW = 0. 1 USH = 0.36 4.05 29. New Technologies.17 (3.03) 1.95) 232.89 4.66) (1.77) (5.39 3080.89 510. 1 Aus $ = Rs.10) (11.85 5.06 177.53 101.04 0.68 301.64 0.31 320.11 11.77) (1.01 0.06) (3.62 (0.35 (5.31 12. 1 US $ = Rs.34 7.58) (22.82) 119.71 592.45 24.98 (5. Exchange Rate as on 31.78 104.3825.91 9.05 25.85) (4.86 2151.23) (0.22 2.07) 0.63) (197.54 3.00) (0. Name of Subsidiary Company No.03 (1.03 0.58 775.2010: 1 Euro = Rs.86 58.03) (6.35 5.97 21.01) (23.97 262.82) (0.92 4001.25 0.7950.74 2. .89 4.78 (4.05 1.27 .06 1603.02 0.31) 6.12 8763.91 As on 31. 44.0752.37 448.11 2.81 1.05 772.99 9.93 8750.71 (1.76 411. 1 TZS = 0.13 0.77 101.67 64.84) (1152.05 18.98) (7.26 35.96) (17.30 1.34 65.94) (2.27 Total Liabilities Invest.00 16.72 36.31) (17.72 (3.24 4301.05 1.Turnover/ ments Total Income 948. 1 KSH = Rs.05 0.06 0.84 82.43 .89 1.75 2355.55) 1.00 22.02) (50.77 2124. 46.62 21.07 348.686.00 20.48) (0.23) (15.00 0.03 2.59 6.03 (60.27 724.70 0.365.5536.98) (0.49) 85.05 126.2011.36 4.59 150.E India India Netherland India India India India India U.77 0.81 (0.34) (4.66 4474.06 12.365. New Partnerships.74) (3.17 2.05) (0.57 108.80 107.39) (29.83 (1.06) 31.88) (42.05 0.22 23.76 1.41 2151.74 0.19 411.01 0.38 1163.34 65.00 6.00 0.20) 10.41 94. in crore Sr.30 775.3850. 63.31 18321.09 Profit Provision Profit Proposed Country Before for After Dividend Taxation Taxation Taxation 7.00 8.7500.445.07) (121.00 6.24 520.00 100.65) (4.03) (9.34) 107.07) (86.34) (1.01 271.75 110.60) (7.60) 2.99) (0.05 1.10 1.09) (6.21) 0.04) (2.48) (1.02 (1.00) 1868.00 54.53 101.38 100.38 51868.42 0.01 1.46) (2.69) 9975.21) 0.32) (0.30 2363.23) (2.57 0.15) (0.01 (7.19) (0.85) (0.77 0.01 0.42 262.82 15.12.10 0.59 6.15 619.00 20.60 1.72 36.26) 1388.70 58.18 51868.01 8910.80 1459.10) (28.03 0.06 11.27) (34.15 0.00 101.94) (0.48) (1.91 0.80 2363.0298.00 1.17 1839.57) (12.37 2403.00) (41. 1 RM = Rs.05 0.05 0.52) (1.50.A.06) (220.91 (0.78) (0.69 2.86 58.34) 0.90 958.22 116.41) 209.5360.513.23 28021.50 1.98 7740.01 (0.01 4.04 12764.39 6. 1 Euro = Rs.04) 0.88 353.87) (16.36) (16.93 19.55 0.30 1603.88) 99.55 56219.24 520.75 0.42 58. 59.23) (0.79) (0.49 500.00 3.99 2.44) (1.02 .39 2124.14) (15.90 (4.00 18.03 353.00) (28.97 21.16) (881.03 78. 44.32) (0.02 0.36 5.76 3080. 1 US $ = Rs.75 110.96) (17.66 2.19) 31.06) (159.31 18321.76) (3.03) (4.92 (1.04) (350.00 260234.48 1.13 (24.69939.11) 1.95) 226.05 0. 1 GBP = 71.87 575.37 0.730.10 (37.30 1.32) (0.03 353.4627.354132.3.A.686.445.95 38.05 0.50 89.15 404.63) (197.00 38.66 144.595.82 (16.41) (183.48 1014.37 2403.37 0.52) (4.14 560.82 15.89 26.81 1.65 0.E India India India India India Australia India Kenya Rawanda Tanzania Uganda Zanzibar Mauritius Kenya Malaysia India India India India India India India India India India India India India 149. 1 KSH = 0.

96 12.35 123.93 68.15 0.11 0.00) 1.5360. Ltd. Exchange Rate as on 31.36 2332.17) (0.00 0.59 0.05 8.05 0.00) 0.01) 1.3825.71 0.02) 15.49) (10.37 90.14 0. 1 US $ = Rs. 1 KSH = Rs. 1 Aus $ = Rs.07 0.05 4.56) (0.56 125.00) 0.64 0.37 2604.35 123.05 0.06 1.05 98.54) (0.73) (0.05 0.18 (0.48 184.Reliance Industries Limited 189 Financial Information of Subsidiary Companies Rs. SGD MN Reliance One Enterprises Limited INR Reliance Global Energy Services Limited INR GBP MN Reliance Personal Electronics Limited INR Reliance Polymers (India) Limited INR Reliance Polyolefins Limited INR Reliance Aromatics and Petrochemicals Limited INR Reliance Energy and Project INR Development Limited Reliance Chemicals Limited INR Reliance Universal Enterprises Limited INR Reliance Review Cinema Limited INR Reliance Replay Gaming Limited INR Reliance Nutritional Food Processors Limited* INR Reliance Commercial Land & INR Infrastructure Limited Reliance Corporate IT Park Limited INR Reliance Eminent Trading & INR Commerical Private Limited Reliance Progressive Traders Private Limited INR Reliance Prolific Traders Private Limited INR Reliance Universal Traders Private Limited INR Reliance Prolific Commercial Private Limited INR Reliance Comtrade Private Limited INR Reliance Ambit Trade Private Limited INR Reliance Petro Marketing Limited INR LPG Infrastructure (India) Limited INR RIL USA Inc INR USD MN 434.00) (0.53 0.03 0.63 106.93 4.44 1822.00) 0.56 (0.16 0.07) (1.05 0.81 1190.45) (0.98) (3.31 1.24) (1.46 2076.2010: 1 Euro = Rs.91 3416.18 2.06 (32.71 0.38) (0.18 521.75 101.75 335.62 6.00) 0.37 3416.02 12.68 0.3.70) (0. 44.03 63.05) (7.00 0.26 4.04 Invest.14 0.38 0.48 2.75 3416.37 13.15 8.37 90.73) (0.38 2185.14 1.71 243.07 280.A 0.18 3.01 0.99 2606.41 13.20 0.87) (4.23) 2061.24 241.46 2781.80 22.39) (0.00) (0. 63. 1 FRW = 0.39 53.14) (7.0194.14 959.26 0.32) (0.7050.04 434.68 Total Liabilities 17.40 2606.00 (0.16 0.73) (12.05 3.88 0.09 471.35) (0.06 43.05 1.90 2477.52 153.67 1962.48 1.10 0.81 6.71 243.56 2781.01) 0.92 2311.46 2076.10 99.05 0.79 2598.00 - As on 31.01 7. 1 SGD = Rs 35.04 0.12.02) (0.93 0. 59.76) (1.64 8.00 175.62 0.10 6.32 36.37) (2.09 471.26 0.96 (17. .21) (22.41 237.01) 0.29 2679.00) (0.00 (1.01 0.09 2599.00) 0.48 2.50 1426.62 6.19 (0. 0.39 53.01 (0. 1 RM = Rs.0298.92 2311.07 0.41 237.67 1962.28) (12.47 465.50.42 (0.09 113.13 0.69 4.50 0. Name of Subsidiary Company No.45 (0.75 335.03) (1.81) Reliance-GrandOptical Private Limited Reliance Universal Commercial Limited Reliance Petroinvestments Limited Reliance Global Commercial Limited Reliance People Serve Limited Reliance Infrastructure Management Services Limited 5 9 Reliance Global Business B V 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 INR EURO MN Reliance Gas Corporation Limited INR Reliance Global Energy Services INR (Singapore) Pte.42 (5.91 0.15 2540.40 (0.00 (0.11 2599.82 (0.56 0.10 99.36 1256.17 (0.42 (0.01 2540.7950.1075.24) (17.93 0.64 8.97 2679.30) (3. 1 GBP = 71.05 1.56 2598.05 418.60 0.05) 0. 46.12 1.94 66.Turnover/ ments Total Income 0.11 0.18) (1.75 (124.00) 0. 1 Euro = Rs.15 (0.02) (43.24 19.23) (0.595.72) (6.70) (0.48 12909.83 3.16 0.16 68.5536.05 4.00) 0.64 3403.05 0.46 1256.00) 0.44) (11.19) 1.3850.01) (0.69 2503.7500.25) 0.77 (0.11 611.00) 0.08 0.77) (3.01) (0.32 1761.18 521.69 4.77) (13.06) (1. 44.02) (61.48 184.42) (18.66 1.11 0.60 0.48 0.57) (39.2011.27 (57.86) (0.04) (112.12 (0.02 0.0752.56 331.05 1.06) (3.04 0.10 0. 1 KSH = 0.05 5.05 0.77 0.81 0.S.05 0.02 (0.00) 0.02) 0.30 0.10 6.08 0.00) (0.04) 0. 14.91) 1940.16 0.01 0.30 244.58 13.08 1.05 0.33 0.51 2781.07 (0.18 3.44 1822.39 0.40 1255.01 (0.13 0.02 (49.24 0.53 2.38 India India India India India India India India India India Kenya India India India India India India Netherlands India Singapore India UK India India India India India India India India India India India India India India India India India India India India India U.24) (2.94 66.21) 13.36 1.00) (0.14 0.93 43.24) (0. 1 TZS = 0.11 1.22 6.06) (17.04 0. in crore Sr.75 0.42 0.36) (26.29 1.01 (0.75 74.08 1.39 7.39 (0.81) (57.99) (36.95 0.52 153.86) (0.00 (0. 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Reliance Agri Products Distribution Limited* Reliance Digital Media Limited Reliance Food Processing Solutions Limited* Reliance Home Store Limited* Reliance Leisures Limited Reliance Loyalty & Analytics Limited Reliance Retail Securities and Broking Company Limited Reliance Supply Chain Solutions Limited* Reliance Trade Services Centre Limited Reliance Vantage Retail Limited Wave Land Developers Limited Reporting Currency INR INR INR INR INR INR INR INR INR INR INR KSH MN INR INR INR INR INR INR Capital Reserves Total Assets 17.10 (0.00) (0.02 12.83 14.38 2185.30) (0.17) (59.04 0.16 0.44) (1.11) (0.00 2332.78 Profit Provision Profit Proposed Country Before for After Dividend Taxation Taxation Taxation (5.36 2332.00 46.44 951.10 (17. 1 USH = 0.00) 0.05 0.14 4.05 5.04) 0.16) (1.13) 0.71 0.08) 0.54 4.01 0.05 4.05 0.53 (5.50 0.80) (10.05 1.48 183.71 0.81 2887.37) (0.56 0.84) 2180.01 0.04 0.03 554.10 0.37 2.05) (7.69 0.74 1.16 3. 1 US $ = Rs.04 0.42 0.30 0.75 74.49) (19.01) 0.87 10.04 0.07 280.99 57.01 0.02) (0.36 1.67 13.02 0.23) (0.18) (1.00) 0.05 0.75 101.51 2573.00) 1.

07 482.70 748.09 0.20) (0.A U.06 42.22 40.88 0.09 144.02 1.69 2451.15 65.20) (0.05 0.00) 0.43) (2.52) (0.00) (0. 44.75 118.V.11 151.24 0.S.01) (0.S.01 9. 1 GBP = 71.00) (0.A .90 0.05 0.19) (0.02 1.80 13. 1 FRW = 0.05 0.01 0.07 2515.09 0.02 0.43) (2.S.14 483.37) (0.15 0.20) (0.00 12. Name of Subsidiary Company No.7050.00) (0.V.01) (10.64 169.08) (0.90 0.13) (0.16 9.E India India India Netherlands India Mauritius Mauritius Netherlands Netherlands Netherlands Netherlands British Virgin Island U.50 0.81) (0.03) 0.01) (0. INR USD MN Reliance Exploration and Production Limited INR USD MN Reliance Holdings USA Inc.82 111.53 3.22 1760.00) (0.02 1.14 483.44 351.98 117.00 0.2011.28 0.05 754.02 1241.83 0.00) (0.08 0.47 564.06) (0.39 2515.00 0.03 0.39 564.09 0.57 (0.00) (0.75 118.05 2150.39) (0.22 0.37) (0.71 (0.00 0.00) 15.01 0. 1 USH = 0.58 (9.03 0.35 4.V. India India U.42) (0.04) (0.42) (0.62 0.01) (0.05 0.59) (2.53 481.82) (0.26 13403.62 0.7500.A U.00 0.23 483.3.05 2.13 0.05 403.38 0.04) (0.80 0.95 0.05 1573. New Partnerships.05 1573.03) (0.04) (0.00) (0.43 6.07 2515.06 0.05 0.00) (0.05 0.39 2515.56 28.53 481.00) (0.08 613.03) (0.64 169.10 0. INR USD MN Reliance Exploration and Production B.12) 0.3825.00) (0.01) (0.00) (5.00) (0.01 0. 1 SGD = Rs 35.19) (0.95 137.00) 1238.01) (0.Turnover/ ments Total Income 41.00) (0.00) (8.7950.00) 15. INR USD MN Reliance International Gas B.13 (15.05 0.59) (2.00) (0.00) (0.95 3.15 1241.03) (0. in crore Sr.35 1.67 401.A U.00) (0.S.09) (0.06) (0.50 0.05) (0.09) (0.03) 0.00 0.01) (0.19) (0.04) (0.01 0. 1 KSH = Rs.11 (15.02 0.35 6.02 2294.79 0.51 Profit Provision Profit Proposed Country Before for After Dividend Taxation Taxation Taxation (0.11 2.00) (0.02 2294.22 1760.24 0.595.62 167.05) (0.01 548.39 564. 1 KSH = 0.22) (0. INR USD MN Reliance Holding Netherlands B.01 0.21) (0.01) (0.10 0.11) (4.190 New Businesses.27 483.08 (0. 1 Aus $ = Rs.26 13403.A.75 4533.0752.90 0.00 (0.26 0.S.00) (0.00) (10.05 0.04) (0.07 675.02 873.00) (0.01 1.95 3.44) (0.19 471.01) (0.1075. 14.09) (0.69 2451.42) (9.09) INR EURO MN Indiawin Sports Private Limited INR Reliance Exploration and Production INR Mauritius Limited USD MN Reliance Oil and Gas Mauritius Limited INR USD MN Reliance Holding COOPERATIEF U.01) 0.23 483.14 513.3850.82) (2.A India Mauritius U.05 0.01 0.47 2153.05 8890.08) British Virgin Island U.95 0. Exchange Rate as on 31.05 754. 1 Euro = Rs.10 0.43 1988.15 65.69 393.00) (0.00) (0.04) (0.00) (10.10 0.47 564.35 4.51 112.87 1754.61 169.50.00) (7.05) (0.22) (0.06 42.84 2154.15 1241.67 0.57 90.00) (0.98 195.22 0.48 90. * Financial Information is based on Unaudited Results.00) (0.44 351.* 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 Reporting Currency INR USD MN INR USD MN INR INR INR Capital Reserves Total Assets 1.05 17.28 2154.29 Total Liabilities 1.96 0.A India India India India India India India India India India 0. .17 0.01) (0.05 17.08 (0.56 526.80 88.01) (0.11) (5.90 0.17 1.00 158.23 (0.43 1988.84 2154. 1 US $ = Rs.96 0.97 195.11) (4.00 527.0298.00) (0.00) (0.27) (0. 63.05 2150.49 754.S.00 0.95 3.13) (2.65 2154.57 (0.2010: 1 Euro = Rs. 44.11 151.00) 15.64 0.05) 2509.05) (0.42) (9.12.65 2.00) 0.07 675.82) (2.25 0.14 513.V.00 0.03) (0.50 873.43) (2.13) (0.37) (0.04) (0.59) (2.82 111.56 1.29 Invest.24 0. 1 RM = Rs.57 (0.00) (0.76 9.77 394. New Technologies.01 548.5360.28 2154.25 0.28 0.20 59.77 394.21) (0.01 9.01 0. Financial Information of Subsidiary Companies Rs.17 0. 1 TZS = 0.13) (0. 1 US $ = Rs.S.45 0.05 8890.A U.35 6.80 2108.00 527.05 0.05 647. 46.50 0.5536. 0.05 0.26) (0.82) (0.00 0.37 562.00) (0.05) (0.0194.92) (0.01) (0.01) (10.70 35.01) (0.00 0.00) (0.00) (0. 59. 8 6 International Oil Trading Limited* 8 7 Central Park Enterprises DMCC 8 8 Reliance Corporate Services Limited 8 9 Reliance Corporate Center Limited 9 0 Reliance Convention and Exhibition Center Limited 9 1 Reliance International B.02 2.10 (90.00) (10.00) (0. INR USD MN Reliance Marcellus LLC INR USD MN Infotel Broadband Services Limited INR Reliance Strategic (Mauritius) Limited* INR USD MN Reliance Eagleford Midstream LLC INR USD MN Reliance Eagleford Upstream LLC INR USD MN Reliance Eagleford Upstream GP LLC INR USD MN Reliance Eagleford Upstream Holding LP INR USD MN Mark Project Services Private Limited INR Reliance Energy Generation and INR Distribution Private Limited Reliance Marcellus II LLC INR USD MN Reliance Security Solutions Limited INR Reliance Industries Investments INR and Holding Limited Reliance Office Solutions Private Limited * INR Reliance Style Fashion India Limited INR Gennext Innovation Ventures Private Limited INR Gennext Ventures Private Limited INR Reliance Home Products Limited INR Reliance Styles India Limited INR Infotel Telecom Limited INR Rancore Technologies Private Limited INR As on 31.67 0.05 6.21) (0.00) (0.80 88.A.00 1.84 0.05 0.

is the Registrars and Transfer Agents (R&TA) of the Company. with Karvy and the Compliance Officer appointed by the Company for this purpose. Submit Nomination Form Investors should register their nominations in case of physical shares with the Company and in case of dematerialised shares with their DP.Reliance Industries Limited 191 Shareholders’ Referencer AT A GLANCE Presently.. Holding securities in demat .6 million folios of shareholders holding Equity Shares in the Company. investors may take up the matter with SEBI/Stock Exchanges. The Company has an established mechanism for investor service and grievance handling. an ISO 9002 Certified Registrars and Transfer Agents. regulatory and other concerned authorities. being the important functional nodes. the largest Registrar in the country having a vast number of Investor Service Centres across the country. and in case intermediary does not act professionally. Any deviation there from is examined by the Internal Securities Auditors.com under the section "Investor Relations". USA). This would facilitate in receiving direct credits of dividends. The Company's Equity Shares are most actively traded security on both BSE and NSE. The Global Depository Receipts (GDRs) of the Company are listed on the Luxembourg Stock Exchange and traded on International Order Book (London Stock Exchange) and also PORTAL System (NASD. as it will be responsible for its activities. More benefits and procedure involved in dematerialisation are covered later in this Referencer. Register NECS Mandate and furnish correct bank account particulars with Company / Depository Participant (DP) Investors holding the shares in physical form should provide the National Electronic Clearing Service (NECS) mandate to the Company and investors holding the shares in demat form should ensure that correct and updated particulars of their bank account are available with the Depository Participant (DP). These standards are periodically reviewed by the Company. Karvy Computershare Private Limited (Karvy). discharges investor service functions effectively. fake certificates and bad deliveries are avoided. Obtain documents relating to purchase and sale of securities A valid Contract Note / Confirmation Memo should be obtained from the broker / sub-broker. Deal with Registered Intermediaries Investors should transact through a registered intermediary who is subject to regulatory discipline of SEBI. Investor must update the new bank account number allotted after implementation of Core Banking Solution (CBS) to the Company in case of shares held in physical form and to the DP in case of shares held in demat form.ril. within 24 hours of execution of purchase or sale of securities and it should be ensured that the Contract Note / Confirmation Memo All investor service matters are being handled by Karvy. The Company's Equity Shares are listed on Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE). from companies and avoid postal delays and loss in transit. Hyderabad. Nomination would help the nominees to get the shares transmitted in their favour without any hassles. COMPANY'S RECOMMENDATIONS TO THE SHAREHOLDERS / INVESTORS The following are the Company's recommendations to shareholders / investors: Open Demat Account and Dematerialise your shares Investors should convert their physical holdings of securities into demat holdings.07% of the Company's Equity Shares are held in demat form. refunds etc. The Form may be downloaded from the Company's website www. The Company's Equity Shares are under compulsory trading in demat form only. INVESTOR SERVICE HANDLING MECHANISM AND GRIEVANCE form helps investors to get immediate transfer of securities. Consolidate Multiple Folios Investors should consolidate their shareholding held in multiple folios. The Company has prescribed service standards for various investor related activities being handled by Karvy. efficiently and expeditiously. the Company has around 3. This would facilitate one-stop tracking of all corporate benefits on the shares and would reduce time and efforts required to monitor multiple folios. Karvy. which are covered in the section on 'Initiatives Taken by the Company'. The Company has appointed Internal Securities Auditors to concurrently audit the securities related transactions being handled at Karvy and communications exchanged with investors. 97. No stamp duty is payable on transfer of shares held in demat form and risks associated with physical certificates such as forged transfers. Investors must ensure that nomination made is in the prescribed Form and must be witnessed by two witnesses in order to be effective.

Register for SMS alert facility Investors should register their mobile numbers with DPs for SMS alert facility. Pay-out of funds and securities on T+2 day In case of short or bad delivery of funds / securities. they can avail of the facility provided by BSE/NSE to verify the trades on BSE/NSE websites. even if there is no doubt as to the authenticity of the trade/transaction. if shares are held in physical mode or to your DP if the holding is in electronic mode. Opt for Corporate Benefits in Electronic Form In case of non cash corporate benefits like split of shares / bonus shares. New Partnerships. Monitor holdings regularly Demat account should not be kept dormant for long. trade number. Where the investor is likely to be away for a long period of time and where the shares are held in electronic form. New Technologies. What are the types of accounts for dealing in securities in demat form? Beneficial Owner Account (B. Mode of Postage Share certificates and high value dividend / interest warrants / cheques / demand drafts should not be sent by ordinary post. What is the Process of trading of Securities? The normal course of trading in the Indian market context is briefed below: Step 1. If the . In case the investors have any doubt about the details contained in the contract note. Bank Account: A bank account in the name of the investor which is used for debiting or crediting money for trading in the securities market. Investors will be informed about debits and credits to their demat account without having to call-up their DPs and investors need not wait for receiving Transaction Statements from DPs to know about the debits and credits. Periodic statement of holdings should be obtained from the concerned DP and holdings verified. Trading Account: An account opened by the broker in the name of the investor for maintenance of transactions executed while buying and selling of securities. the exchange orders for an auction to settle the delivery. price and brokerage. Pay-in of funds and securities before T+2 day Step 8. the holders of shares in physical form must opt to get the securities in electronic form by providing the details of demat account to the R&TA. Within 24 hours of trade execution. Best priced order matches based on price-time priority Step 4. Exercise caution There is likelihood of fraudulent transfers in case of folios with no movement or where the shareholder has either expired or is not residing at the address registered with the Company. contract note is issued to the investor / trader by the broker Step 7. Company / DP should be updated on any change of address or contact details. Transfer securities before Book Closure/ Record Date The corporate benefits on the securities lying in the clearing account of the brokers cannot be made available to the members directly by the Company. CONCEPTS AND PROCEDURES FOR SECURITIES RELATED MATTERS Dealing in Securities The Company's Equity Shares are under compulsory trading in demat form only. Similarly. It is recommended that this facility be availed in respect of a few trades on random basis. It is recommended that investors should send such instruments by registered post or courier. Intimate mobile number and e-mail address Intimate your mobile number and e-mail address and changes therein if any to Karvy. Places order with a broker to buy / sell the required quantity of respective securities Step 3. to receive communications on corporate actions and other information of the Company.192 New Businesses. Trade confirmation slip issued to the investor / trader by the broker Step 6. National Securities Depository Limited and Central Depository Services (India) Limited proactively informs investors of transaction in the demat account by sending SMS. trade time. Investor / trader decides to trade Step 2.O. information of death of shareholders should also be communicated. quantity. In case an investor has bought any securities he must ensure that the securities are transferred to his demat account before the book closure / record date. Account) / Demat Account: An account opened with a DP in the name of investor for the purpose of holding and transferring securities. the investor can make a request to the DP to keep the account frozen so that there can be no debit to the account till the instruction for freezing the account is countermanded by the investor. contains order number. Order execution is electronically communicated to the broker's terminal Step 5.

The NECS system takes advantage of the centralised accounting system in banks. Log out after having finished trading to avoid misuse. The orders so placed by the investor using internet would be routed through the trading member.. DIS may be compared to cheque book of a bank account. Do not leave the terminal unattended while one is "signed-on" to the trading system. Instruction cannot be executed if all joint holders have not signed. strike out remaining space to prevent misuse by any one. broker/sub-broker. Avoid using loose slips. Accordingly. is under CBS and also records the particulars of the new bank account with the DP with whom the demat account is maintained. Do not open email attachments from people you do not know. Proper understanding of the manner in which the online trading software has to be operated. immediately. What is Delivery Instruction Slip (DIS) and what precautions one need to observe with respect to DIS? To give the delivery. On receipt of such intimation. all the joint holders have to sign the instruction slips. To facilitate payment through NEFT. The branches participating in NECS can. Personally fill in target account-id and all details in the DIS. The online trading system has facility for order and trade confirmation after placing the orders. however. Keep the DIS book under lock and key when not in use. Ensure that one does not click on "remember me" option while signing on from non-regular location. The password is not shared with others and password is changed at periodic intervals. the account of a bank that is submitting or receiving payment instructions is debited or credited centrally at Mumbai. If the DIS booklet is lost / stolen / not traceable. the transaction is closed out as per SEBI guidelines. the shareholder is required to ensure that the bank branch where his/her account is operated. This extends to all over the country. DPs or any other person/entity. DIVIDEND Payment of Dividend Dividend is paid under three modes viz: (a) National Electronic Clearing Services (NECS) (b) National Electronic Fund Transfer (NEFT) (c) Physical dispatch of Dividend Warrant Payment of dividend through National Electronic Clearing Service (NECS) facility What is payment of dividend through NECS Facility and how does it operate? NECS facility is a centralised version of ECS facility. and is not necessarily restricted to the 90 designated centres where payment can be handled through ECS. Do not leave signed blank DIS with anyone viz. What are the other safety measures online client must observe? Avoid placing order from shared PCs / through cyber cafés. Protect your personal computer against viruses by placing a firewall and an anti-virus solution. If only one entry is made in the DIS book. the DP will cancel the unused DIS of the said booklet. be located anywhere across the length and breadth of the country. Ensure that your account number [client id] is prestamped. If the account is a joint account. Adequate training on usage of software. What precautions an online investor must take? Investor trading online must take the following precautions: Default password provided by the broker is changed before placing of order. What is online trading in securities? Online trading in securities refers to the facility available to an investor for placing his own orders using the internet trading platform offered by the trading member viz. the same must be intimated to the DP. the broker. in writing. one has to fill in a form called Delivery Instruction Slip (DIS). What is payment of dividend through NEFT Facility and how does it operate? NEFT denotes payment of dividend electronically through RBI clearing to selected bank branches which have implemented Core Banking Solutions (CBS). ..Reliance Industries Limited 193 shares could not be bought in the auction. The following precautions are to be taken in respect of DIS: Ensure and insist with DP to issue DIS book. Ensure that DIS numbers are pre-printed and DP takes acknowledgment for the DIS booklet issued to investor.

Investor need not make frequent visits to his bank for depositing the physical paper instruments.ril. Course of Action in case of Non-receipt of Dividend.194 New Businesses. Why do the shareholders have to wait till the expiry of the validity period of the original warrant for issue of duplicate warrant ? Since the dividend warrants are payable at par at several centres across the country. Hence. Prompt credit to the bank account of the investor through electronic clearing. to the R&TA of the Company in case the shareholders hold shares in physical form and to the concerned DP in case the shareholders hold shares in demat form. In case the shareholders do not provide their new account number allotted after implementation of CBS. Why cannot the Company take on record bank details in case of dematerialised shares? As per the Depository Regulations. provided the bank account details are registered with the DP for dematerialised shares and / or registered with the Company’s R&TA prior to the payment of dividend for shares held in physical form. NECS mandate has to be sent to the concerned DP directly. Which cities provide NECS facility? NECS has no restriction of centres or of any geographical area inside the country. Revalidation of Dividend Warrant etc. How to avail of NECS Facility? Investors holding shares in physical form may send their NECS Mandate Form. e. prior to payment of dividend. if shares are held in dematerialised form. along with a copy of cheque pertaining to the concerned account. What is payment of dividend through Direct Credit and how does it operate? The Company will be appointing one bank as its Dividend banker for distribution of dividend. issue of duplicate warrants is avoided. On expiry of the validity period. banks do not accept 'stop payment' instructions. shareholders are requested to furnish the new bank account number allotted by the banks post implementation of CBS. The R&TA would request the concerned shareholder to execute an indemnity before issuing the duplicate warrant.com under the section "Investor Relations". investors are requested to keep their bank particulars updated with their concerned DP. as the case may be. duly filled in. What should a shareholder do in case of non-receipt of dividend? Shareholders may write to the Company's R&TA. duplicate warrant will be issued. Presently around 51. Exposure to delays / loss in postal service avoided. Investors must note that NECS essentially operates on the new and unique bank account number. b. The Form may be downloaded from the Company's website www. Therefore. In this regard. shareholders have to wait till the expiry of the validity of the original warrant for issue of duplicate warrant. if the dividend warrant is still shown as unpaid in the records of the Company. New Technologies. please note that NECS to the shareholders' old account may either be rejected or returned. New Partnerships. However. unless the procedure for releasing the same has been completed. d. However. Can NECS Facility be opted out by investors? Investors have a right to opt out from this mode of payment by giving an advance notice of four weeks. in the format prescribed by the DP. Fraudulent encashment of warrants is avoided. to the Company's R&TA. duplicate warrants will not be issued against those shares wherein a 'stop transfer indicator' has been instituted either by virtue of a complaint or by law. allotted by banks post implementation of Core Banking Solutions (CBS) for centralized processing of inward instructions and efficiency in handling bulk transactions. c.000 branches of 114 banks participate in NECS. The said banker will carry out direct credit to those investors who are maintaining accounts with the said bank. . and quoting the folio number /DPID and Client ID particulars (in case of dematerialised shares). furnishing the particulars of the dividend not received. the Company is obliged to pay dividend on dematerialised shares as per the bank account details furnished by the concerned Depository. either to the Company's R&TA or to the concerned DP. As there can be no loss in transit of warrants. What are the benefits of NECS (payment through electronic facilities)? Some of the major benefits are : a. No duplicate warrant will be issued in respect of dividends which have remained unpaid / unclaimed for a period of seven years in the unpaid dividend account of the Company as they are required to be transferred to the Investor Education and Protection Fund (IEPF) constituted by the Central Government.

1978. Telephone (091) (022) 2757 6802.Reliance Industries Limited 195 Unclaimed Shares What are the Regulatory provisions and procedure governing unclaimed shares lying in physical form with the Company or its R&TA ? As per amended Clause 5A of the Listing Agreement with the Stock Exchanges: In terms of sub-clause (I). the status of unclaimed and unpaid dividend of the Company is captured in Chart 1 below: Chart 1: Status of unclaimed and unpaid dividend for different years Dividend upto 1994-95 Transfer of unpaid dividend Transferred to General Revenue account of the Central Government Can be claimed from ROC. The remaining unclaimed shares will be dematerialised and transferred into one folio in the name of "Unclaimed Suspense Account" in due course. the share certificates were dispatched to them. opened by the company for this purpose. Maharashtra* Dividend for 1995-96 to 2002-2003 Transferred to Central Government’s Investor Education and Protection Fund (IEPF) Cannot be claimed Dividend for 2003-2004 and thereafter Will be transferred to IEPF on due date (s) Claims for unpaid dividend Can be claimed from the Company’s R&TA within the time limits provided in Chart 2 given below: * Shareholders who have not encashed their dividend warrant(s) relating to one or more of the financial year(s) upto and including 1994-95 are requested to claim such dividend from the Registrar of Companies. UNCLAIMED / UNPAID DIVIDEND What are the Statutory provisions governing unclaimed dividend? With effect from October 31. shall credit the unclaimed shares to a demat suspense account with one of the depository participants. In terms of sub-clause (II). after proper verification. for shares issued pursuant to a public issue or any other issue. any moneys transferred to the 'unpaid dividend account' of the Company and remaining unpaid or unclaimed for a period of 7 years from the date it becomes due. . 2nd Floor. the company. What is the status of compliance by the Company with regard to these provisions? In terms of Clause 5A (I) of the Listing Agreement.Belapur. 1998. number of shareholders along with the number of shares. the company. CGO Complex. shall be transferred to the Investor Education and Protection Fund (IEPF). in Form II of the Companies Unpaid Dividend (Transfer to General Revenue Account of the Central Government) Rules. opened by the company for this purpose. As per Clause 5A(II) of the Listing Agreement. for shares issued in physical form which remained unclaimed. to whom the said shares were transferred and the aggregate number of shareholders along with number of unclaimed shares transferred to the Suspense Account. are published in the Corporate Governance Report on page number 75 of this Annual Report. after complying with the procedure prescribed therein. for shares issued in physical form pursuant to a public issue or any other issue. which remain unclaimed. "A Wing". as aforesaid. Investors are requested to note that no claims shall lie against the Company or IEPF for any moneys transferred to IEPF in accordance with the provisions of Section 205C of the Companies Act. Navi Mumbai . the Company has sent three reminders. What is the status of unclaimed and unpaid dividend for different years? In view of the statutory provisions. 1956. details relating to unclaimed shares such as number of shareholders who had approached the Company claiming the unclaimed shares.400 614. shall dematerialise and transfer the unclaimed shares into one folio in the name of “Unclaimed Suspense Account” with one of the depository participants. which remain unclaimed and are lying in the escrow account. CBD. after complying with the procedure prescribed therein. Wherever the shareholders claimed the shares. Maharashtra.

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Chart 2: Information in respect of unclaimed and unpaid dividends declared for 2003-04 and thereafter Financial year ended RIL Erstwhile IPCL (Merged with RIL) Date of declaration of dividend 31.03.2004 31.03.2005 31.03.2006 31.03.2007 (Interim) 31.03.2008 31.03.2009 31.03.2010 24.06.2004 03.08.2005 27.06.2006 10.03.2007 12.06.2008 07.10.2009 18.06.2010 Last date for Claiming unpaid dividend 23.06.2011 02.08.2012 26.06.2013 08.03.2014 11.06.2015 06.10.2016 17.06.2017 Date of declaration of dividend 12.06.2004 27.06.2005 25.05.2006 10.03.2007 Last date for Claiming unpaid dividend 11.06.2011 26.06.2012 24.05.2013 08.03.2014

DEMATERIALISATION / REMATERIALISATION OF SHARES What is Dematerialisation of shares? Dematerialisation (Demat) is the process by which securities held in physical form are cancelled and destroyed and the ownership thereof is entered into and retained in a fungible form on a depository by way of electronic balances. Why dematerialise shares? Trading in Compulsory Demat SEBI has notified various companies whose shares shall be traded in demat form only. By virtue of such notification, the shares of the Company are also subject to compulsory trading only in demat form on the Stock Exchanges. Benefits of Demat Elimination of bad deliveries Elimination of all risks associated with physical certificates No stamp duty on transfers Immediate transfer / trading of securities Faster settlement cycle Faster disbursement of non cash corporate benefits like rights, bonus, etc. SMS alert facility Lower brokerage is charged by many brokers for trading in dematerialised securities Periodic status reports and information available on internet Ease related to change of address of investor Elimination of problems related to transmission of demat shares Ease in portfolio monitoring

Ease in pledging the shares How to dematerialise shares? The procedure for dematerialising shares is as under : Open Beneficiary Account with a DP registered with SEBI. Submit Demat Request Form (DRF) as given by the DP, duly signed by all the holders with the names and signatures in the same order as appearing in the concerned certificate(s) and the Company records along with the share certificate(s). Demat confirmations are required to be completed in 21 days as against 30 days (excluding time for despatch) for physical transfer. Service standards prescribed by the Company for completing demat is three days from the date of the receipt of requisite documents for the purpose. Receive a confirmation statement of holdings from the DP. Statement of holdings is sent by the DPs from time to time. Can I dematerialize shares held jointly, in the same combination of names, but the sequence of names is different? Depositories provide "Transposition cum Demat facility" to help joint holders to dematerialize securities in different sequence of names. For this purpose, DRF and Transposition Form should be submitted to the DP. What is the SMS alert facility? NSDL and CDSL have launched SMS Alert facility for demat account holders whereby investors can receive alerts for debits (transfers) in their demat accounts and for credits in respect of corporate actions for transfers, IPO and offer for sale. Under this facility, investors can receive alerts, a day after such debits (transfers) / credits take place. These

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alerts are sent to those account holders who have provided their mobile numbers to their DPs. Alerts for debits are sent, if the debits (transfers) are up to five ISINs in a day. In case debits (transfers) are for more than five ISINs, alerts are sent with a message that debits for more than five ISINs have taken place and that the investor can check the details with the DP. What is rematerialisation of shares? It is the process through which shares held in demat form are converted into physical form by issuance of share certificate(s). What is the procedure for rematerialisation of shares? Shareholders should submit duly filled in Rematerialisation Request Form (RRF) to the concerned DP. DP intimates the relevant Depository of such requests. DP submits RRF to the Company's R&TA. Depository confirms rematerialisation request to the Company's R&TA. The Company's R&TA updates accounts and prints certificate(s) and informs the Depository. Depository updates the Beneficiary Account of the shareholder by deleting the shares so rematerialised. Share certificate(s) is despatched to the shareholder. NOMINATION FACILITY What is nomination facility and to whom it is more useful? Section 109A of the Companies Act, 1956 provides the facility of nomination to shareholders. This facility is mainly useful for individuals holding shares in sole name. In the case of joint holding of shares by individuals, nomination will be effective only in the event of death of all joint holders. What is the procedure for appointing a nominee? Investors, especially those who are holding shares in single name, are advised to avail of the nomination facility by submitting the prescribed Form 2B to the Company's R&TA. Form 2B may be downloaded from the Company's website, www.ril.com under the section "Investor Relations". However, if shares are held in dematerialised form, nomination has to be registered with the concerned DP directly, as per the format prescribed by the DP. Who can appoint a nominee and who can be appointed as a nominee? Individual shareholders holding the shares / debentures in single name or joint names can appoint a nominee. In case of joint holding, joint holders together have to appoint the nominee. While an individual can be appointed as a nominee, a trust, society, body corporate, partnership firm, karta of HUF or a power of attorney holder cannot be

nominee(s). Minors can, however, be appointed as a nominee. Can a nomination once made be revoked / varied? It is possible to revoke / vary a nomination once made. If nomination is made by joint holders, and one of the joint holders dies, the remaining joint holder(s) can make a fresh nomination by revoking the existing nomination. Are the joint holders deemed to be nominees to the shares? Joint holders are not nominees; they are joint holders of the relevant shares having joint rights on the same. In the event of death of any one of the joint holders, the surviving joint holder(s) of the shares is / are the only person(s) recognised under law as holder(s) of the shares. Joint holders may together appoint a nominee. Is nomination form required to be witnessed ? A nomination form must be witnessed by two witnesses. What rights are conferred on the nominee and how can he exercise the same? The nominee is entitled to all the rights of the deceased shareholder to the exclusion of all other persons. In the event of death of the shareholder, all the rights of the shareholder shall vest in the nominee. In case of joint holding, all the rights shall vest in the nominee only in the event of death of all the joint holders. The nominee is required to apply to the Company by reporting death of the nominator along with the attested copy of the death certificate. If shares are held in dematerialised form, nomination has to be registered with the concerned DP directly, as per the format prescribed by the DP. What are rights of nominee vis-a-vis legal heirs of the deceased shareholder? As per the provisions of section 109A of the Companies Act, 1956 and as held by Hon'ble Delhi and Mumbai High Courts, the securities would vest on the nominee upon the death of the registered holder notwithstanding the rights of the legal heirs of the deceased. TRANSFER / TRANSMISSION / TRANSPOSITION / DUPLICATE CERTIFICATES ETC. What is the procedure for transfer of shares in favour of transferee(s)? Transferee(s) need to send share certificate(s) along with share transfer deed in the prescribed form 7B, duly filled in, executed and affixed with share transfer stamps, to the Company's R&TA. It takes about 7 days for the Company's R&TA to process the transfer, although the statutory time limit fixed for completing a transfer is one month under the Listing Agreement and two months under the Companies Act, 1956.

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Is Permanent Account Number for transfer of shares in physical form mandatory? SEBI vide its Circular dated May 20, 2009 has stated that for securities market transactions and off-market transactions involving transfer of shares in physical form of listed companies, it shall be mandatory for the transferee(s) to furnish copy of PAN card to the Company/ its R&TA for registration of such transfer of shares. What should transferee (purchaser) do in case transfer form is returned with objections? Transferee needs to immediately proceed to get the errors/ discrepancies corrected. Transferee needs to contact the transferor (seller) either directly or through his broker for rectification or replacement with good securities. After rectification or replacement of the securities the same can be resubmitted for effecting transfer. In case the errors are non rectifiable, purchaser has recourse to the seller and his broker through the Stock Exchange to get back his money. However, in case of off-market transactions, matter should be settled with the seller only. Can single holding of shares be converted into joint holdings or joint holdings into single holding? If yes, what is the procedure involved in doing the same? Yes, conversion of single holding into joint holdings or joint holdings into single holding or transfer within the family members leads to a change in the pattern of ownership, and therefore, procedure for a normal transfer as mentioned above needs to be followed. How to get shares registered which are received by way of gift? Does it attract stamp duty? The procedure for registration of shares gifted (held in physical form) is same as the procedure for a normal transfer. The stamp duty payable for registration of gifted shares would be @ 25 paise for every Rs. 100 or part thereof, of the face value or the market value of the shares prevailing as on the date of the document, if any, conveying the gift or the date of execution of the transfer deed, whichever is higher. The procedure for registration of shares gifted (held in demat form) is the same as the procedure for transfer of shares in demat form in off-market mode. What is the procedure for getting shares in the name of surviving shareholder(s), in case of joint holding, in the event of death of one shareholder? The surviving shareholder(s) will have to submit a request letter supported by an attested copy of the death certificate of the deceased shareholder and accompanied by the relevant share certificate(s). The Company's R&TA, on receipt of the said documents and after due scrutiny, will delete the name of the deceased shareholder from its

records and return the share certificate(s) to the surviving shareholder(s) with necessary endorsement. If a shareholder who holds shares in his sole name dies without leaving a Will, how can his legal heir(s) claim the shares? The legal heir(s) should obtain a Succession Certificate or Letter of Administration with respect to the shares and send a true copy of the same, duly attested, along with a request letter, transmission form, and the share certificate(s) in original, to the Company's R&TA for transmission of the shares in his / their name(s). In case of a deceased shareholder who held shares in his / her own name (single) and had left a Will, how do the legal heir(s) get the shares transmitted in their name(s)? The legal heir(s) will have to get the Will probated by the Court of competent jurisdiction and then send to the Company's R&TA a copy of the probated copy of the Will, along with relevant details of the shares, the relevant share certificate(s) in original and transmission form for transmission of the shares in his / their name(s). How can the change in order of names (i.e. transposition) be effected? Share certificates along with a request letter duly signed by all the joint holders may be sent to the Company's R&TA for change in order of names, known as 'transposition'. Transposition can be done only for the entire holdings under a folio and therefore, requests for transposition of part holding cannot be accepted by the Company / R&TA. For shares held in demat form, investors are advised to approach their DP concerned for transposition of the shares. What is the procedure for obtaining duplicate share certificate(s) in case of loss / misplacement of original share certificate(s)? Shareholders who have lost / misplaced share certificate(s) should inform the Company's R&TA, immediately about loss of share certificate(s), quoting their folio number and details of share certificate(s), if available. The R&TA shall immediately mark a 'stop transfer' on the folio to prevent any further transfer of shares covered by the lost share certificate(s). It is recommended that the shareholders should lodge a FIR with the police regarding loss of share certificate(s). They should send their request for duplicate share certificate(s) to the Company's R&TA and submit documents as required by the R&TA.

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What is the procedure for splitting of a share certificate into smaller lots? Shareholders may write to the Company's R&TA enclosing the relevant share certificate for splitting into smaller lots. The share certificates, after splitting, will be sent by the Company's R&TA to the shareholders at their registered address. Procedure to get the certificates issued in various denominations consolidated into a single certificate Consolidation of share certificates helps in saving costs in the event of dematerialising shares and also provides convenience in holding the shares physically. Shareholders having certificates in various denominations under the same folio should send all the certificates to the Company's R&TA for consolidation of all the shares into a single certificate. If the shares are not under the same folio but have the same order of names, the shareholder should write to the Company's R&TA for the prescribed form for consolidation of folios. This will help the investors to efficiently monitor the holding and the corporate benefits receivable thereon. MISCELLANEOUS Change of address What is the procedure to get change of address registered in the Company's records? Shareholders holding shares in physical form, may send a request letter, duly signed by all the holders, giving the new address along with Pin Code, to the Company's R&TA. Shareholders are also requested to quote their folio number and furnish proof such as attested copies of Ration Card / PAN Card / Passport / Latest Electricity or Telephone Bill / Lease Agreement etc. If shares are held in dematerialised form, information about change in address needs to be sent to the DP concerned. Change of name What is the procedure for registering change of name of shareholders? Shareholders may request the Company's R&TA for effecting change of name in the share certificate(s) and records of the Company. Original share certificate(s) along with the supporting documents like marriage certificate, court order etc. should be enclosed. The Company's R&TA, after verification, will effect the change of name and send the share certificate(s) in the new name of the shareholders. Shareholders holding shares in demat form, may request the concerned DP in the format prescribed by DP.

Authority to another person to deal with shares What is the procedure for authorising any other person to deal with the shares of the Company? Shareholders need to execute a Power of Attorney in favour of the concerned person and submit a notarised copy of the same to the Company's R&TA. After scrutiny of the documents, the R&TA shall register the Power of Attorney and inform the shareholders concerned about the registration number of the same. Whenever a transaction is done by the Power of Attorney holder, this registration number should be quoted in the communication. INITIATIVES TAKEN BY THE COMPANY Setting new benchmarks in Investor Service The service standards that have been set by the Company for various investor related transactions / activities are as follows : (A) Registrations Sl. Particulars Service Standards No. (No. of working days) 1. Transfers 7 2. Transmission 4 3. Transposition 4 4. Deletion of Name 3 5. Folio Consolidation 3 6. Change of Name 3 7. Demat 3 8. Remat 3 9. Issue of Duplicate Certificate 35 10. Replacement of Certificate 3 11. Certificate Consolidation 3 12. Certificate Split 3 (B) Correspondence Sl. Particulars No. Queries / Complaints 1. 2. 3. 4. 1. 2. 3. Non-receipt of Annual Reports Non-receipt of Dividend Warrants Non-receipt of Interest/ Redemption Warrants Non-receipt of Certificate TDS Certificate Allotment / call money Others 2 4 4 2 2 4 2 Service Standards (No. of working days)

Event Based

No Long Term Capital Gains (LTCG) tax is payable on sale of shares through a recognised stock exchange. Scheme for disposal of ‘Odd Lot’ Equity Shares At the Annual General Meeting of the Company held on June 26. The holders of Equity Shares in odd lot may avail of the Scheme by lodging duly filled in application form INVESTOR SERVICING AND GRIEVANCE REDRESSAL .025% by the seller in respect of transactions in securities not being settled by actual delivery. New Partnerships. Consolidation of Folios The Company has initiated a unique investor servicing measure for consolidation of small holdings within the same household. can send such shares for transfer along with transfer forms duly filled in and signed. Ambani. our Founder Chairman Shri Dhirubhai H. In order to assist small shareholders in disposal of such odd lot shares held in physical form. The salient features of the Scheme in force from July 1. 1998. However.200 New Businesses. lower of the following is payable as long term capital gain tax: (a) 20% of the capital gain computed after substituting ‘cost of acquisition’ with ‘indexed cost of acquisition’. the stamp duty involved in such cases will be borne by the Company. Requests 1. MCA 21 system accepts complaints under the eForm prescribed.EXTERNAL AGENCIES Ministry of Corporate Affairs Ministry of Corporate Affairs (MCA) e-Governance initiative christened as "MCA 21" on the MCA portal (www. the Company is required to pay dividend tax @ 15% and surcharge @7. 3. 6. within the same household.in): One of the key benefits of this initiative includes timely redressal of investor grievances.125% by both the purchaser and the seller in respect of delivery based transactions. 2.gov. those shareholders holding less than 10 shares (under a single folio) in the Company. 5.mca. In any other case. INFORMATION REGARDING DIVIDEND AND SALE OF SHARES TAX ON The provisions relating to tax on dividend and sale of shares are provided for ready reference of Shareholders: No tax is payable by shareholders on dividend. are as under : This Scheme is available to Indian national residents in respect of any master folio having holdings up to 49 shares. (b) 10% of the capital gain computed before substituting ‘cost of acquisition’ with ‘indexed cost of acquisition’. Change of Address Revalidation of Dividend Warrants Revalidation of Redemption Warrants Bank Mandate / Details Nomination Power of Attorney Multiple Queries IEPF Letters 2 3 3 2 2 2 4 3 and a duly executed transfer deed along with the relevant share certificate(s). New Technologies. provided Securities Transaction Tax (STT) has been paid and shares are sold after 12 months from the date of purchase.5% together with education cess @ 2% and higher education cess @ 1%. The odd lot shares offered under the Scheme are sold through designated brokers in the Bombay Stock Exchange / National Stock Exchange. announced. @ 0. a scheme for disposal of 'Odd Lot' shares (the Scheme) to facilitate such shareholders to realise the full market value without having to suffer a discount for odd lots. Reminder Letters to Investors The Company gives an opportunity by sending reminder letters to investors for claiming their outstanding dividend / interest amount which is due for transfer to Investor Education & Protection Fund. 1998. . STT is payable as under @ 0. In terms of this.017% by the seller in respect of derivatives. 4. the Company has formed a Trust known as 'Reliance Odd Lot Shares Trust' which will dispose off the odd lot shares on behalf of the shareholders. 7. which has to be filed online. @ 0. for the benefit of small shareholders. 8. free of cost. All costs of implementing the Scheme will be borne by the Company. Short Term Capital Gains (STCG) tax is payable in case the shares are sold within 12 months from the date of purchase @ 15% in case of 'individuals' together with education cess @ 2% and higher education cess @ 1%.

com Other Information Permanent Account Number (PAN) It has become mandatory to quote PAN before entering into any transaction in the securities market. This facility is available on the SEBI website (www. SHAREHOLDERS’ GENERAL RIGHTS To receive not less than 21 days notice of general meetings unless consented for a shorter notice. To be aware of relevant statutory provisions and ensure effective compliance therewith. With respect to the complaints / grievances of the demat accountholders relating to the services of the DP.BSE provides an opportunity to the investors to file their complaints electronically through its website www. the number of shares or voting rights held by such person. 1956. mails may be addressed to complaints@cdslindia. even if such change results in shareholding falling below 5%. The investors have to log on to the website of NSE i. Central Depository Services (India) Limited (CDSL) Investors who wish to seek general information on depository services may mail their queries to investors@cdslindia.co. Securities and Exchange Board of India (SEBI) SEBI. To inspect statutory registers and documents as permitted under law.in wherein lot of queries with respect to PAN have been replied to in the FAQ section. and such change exceeds 2% of total shareholding or voting rights in the company. queries.co. on becoming such holder.Reliance Industries Limited 201 The status of complaint can be viewed by quoting the Service Request Number (SRN) provided at the time of filing the complaint. . To demand poll on any resolution at a general meeting in accordance with the provisions of the Companies Act.gov. Depositories National Securities Depository Limited (NSDL) . the number of shares or voting rights held and change in shareholding or voting rights. any person who holds more than 5% shares or voting rights in any listed company shall disclose to the company in Form A. Insider Trading In order to prohibit insider trading and protect the rights of innocent investors. or (b) the acquisition of shares or voting rights.e. As per Regulation 13 of the said Regulations initial and continual disclosures are required to be made by investors as under: Initial Disclosure As per sub-regulation (1).com.NSE has formed an Investor Grievance Cell (IGC) to redress investors' grievances electronically. once approved.in under the "Investors" section or an email can be marked mentioning the query to relations@nsdl. www.nseindia.in) under the Investor Guidance Section.bseindia. 1956 and the concerned Rules issued thereunder.incometaxindia. company specific information and take informed investment decision(s). To receive dividends and other corporate benefits like bonus. has provided a platform wherein the investors can lodge their grievances. as the case may be. Bombay Stock Exchange Limited (BSE) .gov. To participate and vote at general meetings either personally or through proxy (proxy can vote only in case of a poll). in its endeavour to protect the interest of investors. within 2 working days of : (a) the receipt of intimation of allotment of shares. SEBI has enacted the SEBI (Prohibition of Insider Trading) Regulations 1992. Continual Disclosure As per sub-regulation (2).com under the "Investor Grievances".com and go to the link "Investors Service".sebi.in. To receive notice and forms for Postal Ballots in terms of the provisions of the Companies Act. DUTIES / RESPONSIBILITIES OF INVESTORS To remain abreast of corporate developments.nsdl.In order to help its clients resolve their doubts. The Income Tax Department of India has highlighted the importance of PAN on its website: www. any person who holds more than 5% shares or voting rights in any listed company shall disclose to the company in Form C. To require the Board of Directors to call an extraordinary general meeting in accordance with the provisions of the Companies Act. if there has been change in such holdings from the last disclosure made under sub-regulation (1) or under this sub-regulation. rights etc. 1956. To receive copies of Balance Sheet and Profit and Loss Account along with all annexures / attachments (Generally known as Annual Report) not less than 21 days before the date of the annual general meeting unless consented for a shorter period. complaints. Stock Exchanges National Stock Exchange of India Limited (NSE) . NSDL has provided an opportunity wherein they can raise their queries by logging on to www.

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To deal with only SEBI registered intermediaries while dealing in the securities. Not to indulge in fraudulent and unfair trading in securities nor to act upon any unpublished price sensitive information. To participate effectively in the proceedings of shareholders' meetings. To respond to communications seeking shareholders' approval through Postal Ballot. To respond to communications of SEBI / Depository / DP / Brokers / Sub-brokers / Other Intermediaries / Company, seeking investor feedback / comments. DEALING IN SECURITIES MARKET DO’S Transact only through Stock Exchanges. Deal only through SEBI registered intermediaries. Complete all the required formalities of opening an account properly (Client registration, Client agreement forms etc). Ask for and sign "Know Your Client Agreement". Read and properly understand the risks associated with investing in securities / derivatives before undertaking transactions. Assess the risk - return profile of the investment as well as the liquidity and safety aspects before making your investment decision. Ask all relevant questions and clear your doubts with your broker before transacting. Invest based on sound reasoning after taking into account all publicly available information and on fundamentals. Beware of the false promises and to note that there are no guaranteed returns on investments in the Stock Market. Give clear and unambiguous instructions to your broker / sub-broker / DP. Be vigilant in your transactions. Insist on a contract note for your transaction. Verify all details in the contract note, immediately on receipt. Always settle dues through the normal banking channels with the market intermediaries. Crosscheck details of your trade with details as available on the exchange website. Scrutinize minutely both the transaction and the holding statements that you receive from your DP.

Keep copies of all your investment documentation. Handle DIS Book issued by DP's carefully. Insist that the DIS numbers are pre-printed and your account number (client id) be pre stamped. In case you are not transacting frequently make use of the freezing facilities provided for your demat account. Pay the margins required to be paid in the time prescribed. Deliver the shares in case of sale or pay the money in case of purchase within the time prescribed. Participate and vote in general meetings either personally or through proxy. Be aware of your rights and responsibilities. In case of complaints, approach the right authorities for redressal in a timely manner. DON’TS Don't undertake off-market transactions in securities. Don't deal with unregistered intermediaries. Don't fall prey to promises of unrealistic returns. Don't invest on the basis of hearsay and rumours; verify before investment. Don't forget to take note of risks involved in the investment. Don't be misled by rumours circulating in the market. Don't blindly follow media reports on corporate developments, as some of these could be misleading. Don't follow the herd or play on momentum - it could turn against you. Don't be misled by so called hot tips. Don't try to time the market. Don't hesitate to approach the proper authorities for redressal of your doubts / grievances. Don't leave signed blank DISs of your demat account lying around carelessly or with anyone. Do not sign blank DIS and keep them with DP or broker to save time. Remember your carelessness can be your peril. Do not keep any signed blank transfer deeds. NOTE The contents of this Referencer are for the purpose of general information. The readers are advised to refer to the relevant Acts / Rules / Regulations / Guidelines / Clarifications.

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Members Feedback Form 2010-2011
Name : ............................................................................. e-mail id :. ............................................................................................. Address : .............................................................................................................................................................................................. DP ID. : ............................................................................................................................................................................................... Client ID. : .......................................................................................................................................................................................... Folio No. : ........................................................................................................................................................................................... (in case of physical holding) No. of equity shares held : ................................................................. (the period for which held)

Signature of member Very Good Good Satisfactory Unsatisfactory

Excellent Directors' Report and Management's Discussion and Analysis Report on Corporate Governance Shareholders' Referencer Quality of Financial and non- financial information in the Annual Report Information on Company's Website INVESTOR SERVICES Turnaround time for response to shareholder query Quality of response Timely receipt of Annual Report Conduct of Annual General Meeting Timely receipt of dividend warrants / payment through ECS Promptness in confirming demat / remat requests Overall rating Contents Presentation Contents Presentation Contents Presentation Contents Presentation Contents Presentation

Views/Suggestions for improvement, if any ............................................................................................................................ ....................................................................................................................................................................................................... ....................................................................................................................................................................................................... Members are requested to send this feedback form to the address given overleaf.

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BUSINESS REPLY INLAND LETTER

Postage will be paid by the Addressee

Business Reply Permit No. MBI-S-1363 Nariman Point Mumbai - 400 021

No postage stamp necessary if posted in INDIA

To, Shri S. Sudhakar Vice President - Corporate Secretarial Reliance Industries Limited Registered Office: 3rd Floor, Maker Chambers IV 222, Nariman Point Mumbai 400 021
Fold

Reliance Industries Limited

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New Technologies. .206 New Businesses. New Partnerships.

Ashok Misra d) Shri Yogendra P...... of Shares PROXY FORM Registered Office: 3rd Floor.......... day of ………………………….... Please see the instructions overleaf Signature Affix a 15 paise Revenue Stamp ............. Nariman Point.... of …………………....…………………………………………………………………......or failing him…………………………………….... of …………………being a member/ members of Reliance Industries Limited hereby appoint………………….. PLEASE FILL ATTENDANCE SLIP AND HAND IT OVER AT THE ENTRANCE OF THE MEETING HALL....………………………………………… ……..………. at Birla Matushri Sabhagar.00 a.......... Maker Chambers IV.. 2011 at 11.... Mumbai 400 021...…………………………………………………………………………………………... Trivedi 4.. Nariman Point........... and at any adjournment thereof........ Joint shareholders may obtain additional Slip at the venue of the meeting....... Appointment of Auditors For Against Signed this…………………... Meswani c) Prof.. as my/our proxy to vote for me/us and on my/our behalf at the 37th Annual General Meeting of the Company to be held on Friday... June 3.............. of ………………………………………………………..m. Maker Chambers IV. Marine Lines. Mumbai 400 021. DP Id* Client Id* Master Folio No.... Signature of Shareholder / proxy * Applicable for investors holding shares in electronic form....... Adoption of Accounts. Ambani b) Shri Nikhil R........... DP Id* Client Id* NAME AND ADDRESS OF THE SHAREHOLDER I hereby record my presence at the 37TH ANNUAL GENERAL MEETING of the Company held on Friday... 222.. 2011 at 11. Mumbai 400 020.....……………....... June 3. Reports of the Board of Directors and Auditors 2. Re-appointment of the following Directors retiring by rotation: a) Shri Ramniklal H.Reliance Industries Limited 207 ATTENDANCE SLIP Registered Office: 3rd Floor.. I/We…………..... 19..00 a.... No. 222..... 2011 * Applicable for investors holding shares in electronic form. Master Folio No..... ** I wish my above Proxy to vote in the manner as indicated in the box below: Resolutions 1.m.. Declaration of Dividend on Equity Shares 3..

but names of all the jointholders should be stated. NOTE: (1) The proxy.208 New Businesses. 222 Nariman Point. Mumbai 400 021 not less than 48 hours before the time fixed for holding the meeting or adjourned meeting. Please put a 'X' in the appropriate column against the resolutions indicated in the Box. New Partnerships. you may also appoint the Chairman or the Company Secretary of the Company as your Proxy. . Should you so desire. (5) In the case of jointholders. the signature of any one holder will be sufficient. New Technologies. who shall carry out your mandate as indicated above in the event of a poll being demanded at the meeting. your Proxy will be entitled to vote in the manner as he/she thinks appropriate. (4) Appointing a proxy does not prevent a member from attending the meeting in person if he so wishes. If you leave the 'For' or 'Against' column blank against any or all the resolutions. (2) A Proxy need not be a member of the Company. **(3) This is only optional. to be valid. should be deposited at the Registered Office of the Company at 3rd Floor. Maker Chambers IV.

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Hyderabad – 500 081 ./1/2011” Book-Post If undelivered. please return to Karvy Computershare Private Limited Unit: Reliance Industries Limited Plot No. Vittal Rao Nagar Madhapur.“License to post under prepayment of postage in cash system under License No. MR/Tech/Reliance Ind /A. 17-24.R.