A Project Report on ‘Sequences Of Reliance Petrolium’

Submitted By Submitted To

Manoj Prof. Harmesh Lal B.Com Final Comm.Dept. Roll No. 1106



I Manoj Kumar , Student of B.Com Final Submitting this Presentation on ‘Sequences of Reliance Petrolium’ To Our Opration Research Prof. Harmesh I am Heartly Thankful to my Subject Teacher Prof. Harmesh Lal And Our Respected Principal Mirs. Amrit

Varsha who provide


Us Such a Enviorenment to creat this Presentation .




<Page no.>

1. Introduction 2. Sequences

1-6 7-8 9 10-14 15-18 18

3. Organisational Structure 4. Project Sequences 5. Merger 6. Conclusion



The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of US$ 34 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India. Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies, Reliance pursued a strategy of backward vertical integration - in polyester, fibre intermediates, plastics, petrochemicals, petroleum refining


and oil and gas exploration and production - to be fully integrated along the materials and energy value chain. The Reliance Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles and retail. Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. The Group exports products in excess of US$ 20 billion to 108 countries in the world. Major Group Companies are Reliance Industries Limited (including main subsidiaries Reliance Petroleum Limited and Reliance Retail Limited) and Reliance Industrial Infrastructure Limited. Reliance Industries Limited Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with a turnover of Rs. 1,50,771 crore (US$ 29.7 billion), cash profit of Rs. 21,566 crore (US$ 4.3 billion), and net profit (excluding exceptional income) of Rs. 15,607 crore (US$ 3.1 billion) as of March 31, 2009. RIL is the first private sector company from India to feature in the Fortune Global 500 list of 'World's Largest Corporations' and ranks 103rd amongst the world's Top 200 companies in terms of profits. RIL is amongst the 30 fastest climbers ranked by Fortune. RIL features in the Forbes

Global list of the world's 400 best big companies and in the FT Global 500 list of the world's largest companies. RIL ranks amongst the 'Worlds 25 Most Innovative Companies' as per a list compiled by the US financial publicationBusiness Week in collaboration with the Boston Consulting Group. Reliance Petroleum Limited was set up by Reliance Industries Limited (RIL), one of India's largest private sector companies based in Mumbai. Currently, RPL is subsidiary of RIL, and has interests in the downstream oilbusiness. RPL also benefits from a strategic alliance with Chevron India Holdings Pte Limited, Singapore, a wholly owned subsidiary of Chevron Corporation USA (Chevron), which currently holds a 5% equity stake in the Company.[1] [edit]Jamnagar Refinery. Refining activities of Reliance Industries Limited are carried out at the Jamnagar refinery complex with refining capacity of 27 million tonnes per annum (540,000 barrels per day). The refinery is able to process a wide variety of crudes- from very light to very heavy (from 18 to 45 degree API) and from sweet to very heavy (with sulphur content from 0 to 4.5%). RPL commenced its crude processing on 25 December 2008. The secondary processing units are now under synchronization and commissioning. The entire refinery complex is expected to attain full capacity shortly.[when?]


With an annual crude processing capacity of 580,000 barrels (92,000 m3) per stream day (BPSD), RPL will be the sixth largest refinery in the world. It will have a complexity of 14.0, using the Nelson Complexity Index, ranking it amongst the highest in the sector. The polypropylene plant will have a capacity to produce 0.9 million metric tonnes per annum.[citation needed] The refinery project is being implemented at a capital cost of Rs 270,000 million being funded through a mix of equity and debt. This represents a capital cost of less than US $10,000 per barrel per day and compares very favourably with the average capital cost of new refineries announced in recent years.[citation needed]


Before we continue we have to clear the exact meaning of Sequences. We all know that today Business is a more and more complicated world. All companies , Firms , Organisations , Business Concerns etc. want to earn more and more profit. For the fulfillment of their purpose they are using a lot of strategies, Business Plans etc. Among the all these type of business plans they have to use their work order in a sequence. Only after the using their work in a right manner or right sequence they can


split their cost and can make their market vast. Hence , working of a business concern in a proper sequence is called the ‘Sequences’ of the Concern Business. So to avoid weaknesses and for survive in today’s world of complicated businesses they all have to manage their business in a right & Proper Sequence.

We know that Reliance Petrolium is duly a large company. It has a lot of large and small working concepts which it have to perform daily in their working life. So it is too necessary to perform these all type of small and large type of works in a proper way or manner or in a right sequence. Only these right sequences make Reliance Petrolium a basically a strong Strenth Business concern.


As we apply this sequences concept on Reliance Petrolium we founds that there is proper maintaintory Work in his field of working. The projects which are being presented by the company and as well as which are being running by the company is properly determined and in a right way these are being performed in a exact sequence. All thes type of works which have been done by the company or which have been running by the company currently are described further:-


For the Proper sequence of the work The Reliance Petrolium has the following Organisation Structure:-

Board of Directors
Mr. Mukesh D Ambani (Chairman) Mr. Hital R Meswani Mr. P M S Prasad Mr. Y P Trivedi Mr. M P Modi Mr. Atul S. Dayal Mr. Bobby Parikh Mr. Michael Warwick Mr. Pawan Kumar Kapil


Progress Of Projects

Summary of Project Progress

Cumulative project progress of 50% as at year end Basic engineering done; Detailed engineering work nearly completed Procurement contracting for all key equipments completed Equipment deliveries and their installations have commenced Construction activities gained significant momentum during the quarter • Concurrent progress across all units; Skylines have change dramatically • Pipe racks and foundation works moving rapidly • Concreting activities nearing its peak; focus shifting towards piping work • Equipment erection activities begun and have gained significant momentum • Sufficient site infrastructure developed to sustain construction on fast track

 Procurement progress update
Overall procurement progress at 99% Over 93% of project scope of equipments is already received at site Over 5,300 equipments delivered Deliveries of ODCs and super ODC equipments completed Balance equipment deliveries on schedule Deliveries of bulk materials expedited successfully 94% of tagged items and 85% of bulk materials are delivered 93% of piping and 80% of instrumentation of bulks are also at site Thrust on vendor follow-up for residual deliveries during the next quarter


 Construction progress update
All-round progress achieved – Civil construction is complete – All major equipments, including super heavy equipments, installed at site – Structural steel and pipe fabrication activities nearly completed – Near completion of under-ground piping works at site – Structural steel erection and above-ground piping works at an advanced stage of completion – Hydro-testing activities progressing rapidly

 Pre-commissioning activities gain momentum
Start-up planning and operations preparedness in place Engineering audit nearly completed Critical manpower is already in position and adequately trained


Operations & Maintenance contracts awarded; Manuals and procedures already in place Several critical equipments are under precommissioning.

 RPL to commence export of products in January 2009 MUMBAI, 20th January 2009:
Reliance Petroleum Limited (RPL) has successfullycommenced operations at its complex refinery during the quarter.RPL started its crude processing on 25th December 2008 and achieved successfulproduction of various products. RPL expects to despatch its first parcel of refinery products in January 2009. The initial phase of production has achieved stability. Commissioning activities are nearingcompletion at several of the secondary processing units. Several support units and utilities such as water, air, nitrogen, steam and power required for the refinery are being operated successfully. The secondary processing units are under synchronisation and commissioning.

In completing the state-of-the-art, globally competitive refinery in just 36 months, fromconcept to commissioning, the Company has set a new global benchmark for building grass-root refinery of this scale and complexity at a time when many large green-field refinery projects that were announced in the world have been facing significant delays.

Safety and reliability are critical to operating large process plants. RPL will take all the steps necessary to achieve the highest standards of safety and reliability in operating its facilities. In view of the recent unfortunate accident that occurred at the site, RPL has undertaken the task of reassuring the safety, reliability and integrity of all the units across the entire complex in conjunction with internal experts, engineering contractors and equipment suppliers to meet this objective. RPL’s refinery will be one of the highly competitive refineries with configuration and

flexibility to deliver superior returns on a sustained basis even in the current market conditions. RPL is committed to further investments to enhance the product and yield flexibility, improve cost competitiveness and ability to respond to changing market conditions.

 Scheme of Amalgamation of Reliance Petroleum

Limited with Reliance Industries Limited
The Scheme of Amalgamation of Reliance Petroleum Limited (RPL) with Reliance Industries Limited (RIL) has been sanctioned by the Hon’ble High Court of Judicature at Bombay and the Hon’ble High Court of Gujarat at Ahmedabad. The High Court Orders were filed with the respective offices of the Registrar of Companies and the Scheme has become effective on September 11, 2009 with the appointed date being April 1, 2008. RPL now stands amalgamated with RIL. September 29, 2009 has been fixed as the ‘Record Date’ for reckoning the members of the RPL entitled to receive fully paid-up equity shares of RIL in the exchange ratio of 1 (one) equity share of the face value of Rs. 10/(Rupees ten) each of RIL for every 16 (sixteen) equity shares of the face value of Rs. 10/(Rupees ten) each held by the Equity Shareholders of RPL . RELIANCE INDUSTRIES AND RELIANCE PETROLEUM BOARDS APPROVE MERGER

• Merger is India’s largest ever • RPL shareholders to receive 1 (one) share of RIL for every 16 (sixteen) shares of RPL • RIL’s holding in RPL to be cancelled. No fresh treasury stock created • RIL to be a top 10 private sector refining company globally • RIL to become the world’s largest producer of Ultra Clean Fuels at single location • Merger to unlock greater efficiency from scale and synergies • Merger to be EPS accretive • RIL to have 3.7 million shareholders MUMBAI, 2 March 2009: The Boards of Directors of Reliance Industries Limited (RIL) and Reliance Petroleum Limited (RPL) today unanimously approved RPL’s merger with RIL, subject to necessary approvals. The exchange ratio recommended by both boards is 1 (one) share of RIL for every 16 (sixteen) shares of RPL. RIL will issue 6.92 crore new shares, thereby increasing its equity capital to Rs 1,643 crore. Commenting on the merger, Mukesh Ambani, Chairman and Managing Director,


Reliance Industries Ltd said: “This merger follows Reliance Industries’ philosophy of creating enduring value for all our stakeholders. It is a significant step in our goal to be among the largest global corporations.” Merger Benefits and Synergies: The merger will unlock significant operational and financial synergies that exist between RIL and RPL. It creates a platform for valueenhancing growth and reinforces RIL’s position as an integrated global energy company. The merger will enhance value for shareholders of both companies. The merger is EPS accretive for RIL. Through this merger, RIL consolidates a world-class, complex refinery with minimal residual project risk, while complementing RIL’s product range.

The merger will result in RIL: • Operating two of the world’s largest, most complex refineries • Owning 1.24 million barrels per day (MBPD) of crude processing capacity, the largest


refining capacity at any single location in the world • Emerging as the world’s 5th largest producer of Polypropylene Merger Details: Under the terms of the proposed merger, RPL shareholders will receive 1 (one) share of RIL for every 16 (sixteen) RPL shares held by them. The appointed date of merger of RPL with RIL is 1st April 2008. RIL will cancel its holding in RPL. Based on the recommended merger ratio, RIL will issue 6.92 crore new equity shares to the existing shareholders of RPL. This will result in a 4.4% increase in equity base from Rs 1,574 crore to Rs 1,643 crore. Consequently, the promoter holding in RIL will reduce from 49.0% to 47.0%


In other words we can say that Reliance Petrolium is a large business entity which ensure its working in a single and proper sequence. We also elaborate that Sequences is the main feature for a business in its working field, only after this the business can grow up.


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