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Reliance Industries - Wikipedia, the free encyclopediaReliance Industries

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Reliance Industries Limted
TypePublic (NSE: RELIANCE)
Founded1966 As Reliance Commercial Corporation
HeadquartersNavi Mumbai, India
Key peopleMukesh Ambani (Chairman) & (MD)
IndustryOil Conglomerates
ProductsPetroleum and Petroleum Products
Retail stores
Polymers
Polyesters
Chemicals
Textile
RevenueRs.150,771 Crore / US$27.43 billion (2009)
Operating incomeRs.23,395 Crore / US$ 4.6 billion (2009)
Net incomeRs.15,607 Crore / US$ 3.914 billion (2009)
Total assetsUS$34.99 billion (2009)
Total equityUS$21.31 billion (2009)
Employees25,487 (2009)
WebsiteRIL.com
Reliance Industries Limited (NSE: RELIANCE) is India's largest private sector
conglomerate (by market value) , with an annual turnover of US$ 35.9 billion and
profit of US$ 4.85 billion for the fiscal year ending in March 2008 making it
one of India's private sector Fortune Global 500 companies, being ranked at
206th position (2008).[1] It was founded by the Indian industrialist Dhirubhai
Ambani in 1966. Ambani has been a pioneer in introducing financial instruments
like fully convertible debentures to the Indian stock markets. Ambani was one of
the first entrepreneurs to draw retail investors to the stock markets. Critics
allege that the rise of Reliance Industries to the top slot in terms of market
capitalization is largely due to Dhirubhai's ability to manipulate the levers of
a controlled economy to his advantage. Though the company's oil-related
operations form the core of its business, it has diversified its operations in
recent years. After severe differences between the founder's two sons, Mukesh
Ambani and Anil Ambani, the group was divided between them in 2006. In September
2008, Reliance Industries was the only Indian firm featured in the Forbes's list
of "world's 100 most respected companies".[2]
Contents
1 Stock
2 Products
3 Subsidiaries
4 Reliance's Oil & Gas find
5 Reliance Retail
6 Environmental record
7 Awards & Recognition
7.1 Awards for managers
8 See also
9 External links
10 References
[edit] Stock
According to the company website "1 out of every 4 investors in India is a
Reliance shareholder." . Reliance has more than 3 million shareholders, making
it one of the world's most widely held stock. Reliance Industries Ltd,
subsequent to its split in January 2006 has continued to grow. Reliance
companies have been among the best performing in the Indian stock market.
[edit] Products
Reliance Industries Limited has a wide range of products from petroleum
products, petrochemicals, to garments (under the brand name of Vimal), Reliance
Retail has entered into the fresh foods market as Reliance Fresh and launched a
new chain called Delight Reliance Retail and NOVA Chemicals have signed a letter
of intent to make energy-efficient structures. The primary business of the
company is petroleum refining and petrochemicals. It operates a 33 million tonne
refinery at Jamnagar in the Indian state of Gujarat. Reliance has also completed
a second refinery of 29 million tons at the same site which started operations
in December 2008. The company is also involved in oil & gas exploration and
production. In 2002, it struck a major find on India's eastern coast in the
Krishna Godavari basin. Gas production from this find was started on April 2nd,
2009. As of the end of 3rd quarter of 2009-2010, gas production from the KG D6
ramped up to 60 MMSCMD.
[edit] Subsidiaries
Major Subsidiaries & Associates
Reliance Petroleum Limited (RPL) was a subsidiary of Reliance Industries
Limited (RIL) and was created to exploit the emerging opportunities, creating
value in the refining sector worldwide.Currently, RPL stands amalgamated with
RIL.[3]
Reliance Life Sciences is a research-driven, biotechnology-led, life sciences
organization that participates in medical, plant and industrial biotechnology
opportunities. Specifically, these relate to Biopharmaceuticals,
Pharmaceuticals, Clinical Research Services, Regenerative Medicine, Molecular
Medicine, Novel Therapeutics, Biofuels, Plant Biotechnology and Industrial
Biotechnology.[4]
Reliance Industrial Infrastructure Limited (RIIL) is engaged in the business
of setting up / operating Industrial Infrastructure that also involves leasing
and providing services connected with computer software and data
processing.[5]
Reliance Institute of Life Sciences (Rils), established by Dhirubhai Ambani
Foundation, is an institution of higher education in various fields of life
sciences and related technologies.[6]
Reliance Logistics (P) Limited is a single window solutions provider for
transportation, distribution, warehousing, logistics, and supply chain needs,
supported by in house state of art telematics and telemetry solutions.[7]
Reliance Clinical Research Services (RCRS), a contract research organization
(CRO) and wholly owned subsidiary of Reliance Life Sciences, has been set up
to provide clinical research services to pharmaceutical, biotechnology and
medical device companies.[8]
Reliance Solar, The solar energy initiative of Reliance aims to bring solar
energy systems and solutions primarily to remote and rural areas and bring
about a transformation in the quality of life.[9]
Relicord is the first and one of the most dependable stem-cell banking
services of South East Asia offered by Mukesh Ambani controlled Reliance
Industries.[10]
[edit] Reliance's Oil & Gas find
In 2002, Reliance found natural gas in the Krishna Godavari basin off the coast
of Andhra Pradesh near Vishakapatnam.[11] It was the largest discovery of
natural gas in world in financial year 2002-2003[12]. On 2 April 2009, Reliance
Industries (RIL) commenced natural gas production from its D-6 block in the
Krishna-Godavari (KG) basin.[13]
The gas reserve is 7 trillion cubic feet in size. Equivalent to 1.2 billion
barrels (165 million tonnes) of crude oil, but only 5 trillion cubic feet are
extractable.[14]
On 2008 Oct 8, Anil Ambani's Reliance Natural Resources took Reliance Industries
to the Bombay High Court to uphold a memorandum of understanding that said RIL
will supply the natural gas at $2.34 per million British thermal units to Anil
Ambani.[15]
[edit] Reliance Retail
Reliance Retail is the retail business wing of the Reliance business. Many
brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance
Digital, Reliance Wellness, Reliance Trendz, Reliance Autozone, Reliance Super,
Reliance Mart, Reliance iStore, Reliance Home Kitchens, and Reliance Jewel come
under the Reliance Retail brand. The great reliance saw opportunity in retailing
Chicken mutton and other meat products ( halal and non halal ) through one of
its retail arm Called " DELIGHT NON VEG ". One of the delight outlet has been
shut down due to public protest at gandhi nagar, delhi and the activist have
warned to do the same if reliance does not close the arm for non veg food
marketing. thier argument is based upon the argument of cruelty to animals for
profit making as like PETA . they also argue on terms with the INDIAN MORAL
VALUES which dengrates the meat eating habbit and considers allied activities
like selling meat a low grade work.
[edit] Environmental record
Reliance Industry is the worlds largest polyester producer and as a result one
of the largest producers of polyester waste in the world. In order to deal with
this large amount of waste they had to create a way to recycle the waste. They
operate the largest polyester recycling center that uses the polyester waste as
a filling and stuffing. They use this process to develop a strong recycling
process which won them a reward in the Team Excellence competition.[16]
Reliance Industries backed a conference on environmental awareness in New Delhi
in 2006. The conference was run by the Asia Pacific Jurist Association in
partnership with the Ministry of Environment & Forests, Govt. of India and the
Maharashtra Pollution Control Board. The conference was to help bring about new
ideas and articles on various aspects of environmental protection in the region.
Maharashtra Pollution Control Board invited various industries complied with the
pollution control norms to take active part in the conference and to support as
a sponsor. The conference proved effective as a way to promote environmental
concern in the area.[17]
[edit] Awards & Recognition
International Refiner of the Year in 2005 at the 23rd Annual Hart's World
Refining and Fuels Conference [2]
[edit] Awards for managers
Mukesh D. Ambani received the United States of America-India Business Council
(USIBC) leadership award for "Global Vision" 2007 in Washington in July 2007.
Mukesh D. Ambani was conferred the Asia Society Leadership Award by the Asia
Society, Washington, USA, May 2004.
Mukesh D. Ambani ranked 13th in Asia's Power 25 list of The Most Powerful
People in Business published by Fortune magazine, August 2004.
Mukesh D. Ambani is Economic Times Business Leader of the Year
[edit] See also
Jamnagar Refinery
Reliance Petroleum
Reliance Anil Dhirubhai Ambani Group
[edit] External links
Official site
Reliance's About us page
Website For Reliance Retail Learning
Reliance retail gets ‘A’ team in place
Speech by Mr. Mukesh Ambani on Deshgujarat.com
Mukesh Ambani Chairman of Reliance Industries.
An article on Reliance Industries new headquarters
Reliance IPOs vs. Reliance ADAG IPOs: How They Differ in Wealth Creation
Reliance Industries Announces 1:1 Bonus Issue
[edit] References
^ [1]
^
http://timesofindia.indiatimes.com/RIL_among_worlds_100_most_respected_compani
es/articleshow/3453197.cms
^ "About us, Reliance Petroleum".
http://www.reliancepetroleum.com/html/aboutus.html.
^ "About us, Reliance Life Sciences". http://rellife.com/aboutus.html.
^ "About us, Reliance Industrial Infrastructure". http://riil.in/.
^ "About us, Reliance Institute of Life Sciences".
http://www.rils.ac.in/html/aboutus.html.
^ "About us, Reliance Logistics".
http://reliancelogistics.com/html/aboutus/aboutus.html.
^ "About us, Reliance Clinical Research Services".
http://www.relclin.com/aboutus.htmll.
^ "About us, Reliance Solar". http://relsolar.com/aboutus.html.
^ "About us, Relicord". http://www.relicord.com/#.
^ rediff.com 2002 10 31 article on Reliance gas find
^ REL.co.in press release on gas find
^ Energy boost for India as Krishna-Godavari gas flows
^ rediff 2002 10 31 rel article on gas find
^ Telegraph India 2008 10 07 article on court case
^ Reliance Industries award
^ "Conference on "Environment-Awareness-Enforcement" New Delhi."
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