INDEPENDENT AUDITORS' REPORT

TO THE MEMBERS OF RELIANCE INDUSTRIES LIMITED

REPORT ON THE STANDALONE FINANCIAL STATEMENTS

We have audited the going with standalone financial statements of Reliance Industries Limited ("the
Company"), which involve the Balance Sheet as at March 31, 2015, the Profit and Loss Statement,
the Cash Flow Statement for the year then, at that point, finished and a synopsis of huge accounting
policies and other illustrative data.

MANAGEMENT'S RESPONSIBILITY FOR THE STANDALONE FINANCIAL STATEMENTS

The Company's Board of Directors is liable for the issues expressed in Section 134(5) of the
Companies Act, 2013 ("the Act") concerning the planning of these standalone financial statements
that give a valid and fair perspective on the financial position, financial execution and incomes of the
Company as per the accounting standards for the most part acknowledged in India including the
Accounting Standards determined under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014. This obligation additionally incorporates support of sufficient accounting
records as per the provisions of the Act for protecting the resources of the Company and for
forestalling and identifying cheats and different abnormalities; determination and utilization of
fitting accounting policies; making decisions and evaluations that are sensible and reasonable; and
plan, execution and upkeep of satisfactory inside financial controls, that were working successfully
for guaranteeing the precision and fulfillment of the accounting records, pertinent to the readiness
and show of the financial statements that give a valid and fair view and are liberated from material
misquote, regardless of whether because of extortion or blunder.

AUDITORS' RESPONSIBILITY

Our obligation is to offer a viewpoint on these standalone financial statements in light of our review.
We have considered the provisions of the Act, the accounting and evaluating norms and matters
which are needed to be remembered for the review report under the provisions of the Act and the
Rules made there under.

We led our review as per the Standards on Auditing determined under Section 143(10) of the Act.
Those Standards necessitate that we agree with moral prerequisites and design and play out the
review to get sensible affirmation regarding whether the financial statements are liberated from
material misstatements.
A review includes performing methodology to get review proof with regards to the sums and
exposures in the financial statements. The methodology chose rely upon the auditor's judgment,
including the appraisal of the dangers of material misquote of the financial statements, regardless of
whether because of misrepresentation or mistake. In making those hazard appraisals, the auditor
considers inward financial control pertinent to the Company's planning of the financial statements
that give a valid and fair view to configuration review methods that are proper in the conditions,
however not to offer a viewpoint on whether the Company has set up a satisfactory inside financial
controls framework over financial announcing and the working adequacy of such controls. A review
likewise incorporates assessing the fittingness of accounting policies utilized and the sensibility of
the accounting gauges made by the Company's chiefs, just as assessing the general show of the
financial statements. We accept that the review proof we have acquired is adequate and fitting to
give a premise to our review assessment on the standalone financial statements.

Assessment

As we would see it and to the best of our data and as indicated by the clarifications given to us, the
aforementioned standalone financial statements give the data needed by the Act in the way so
required and give a valid and fair view in similarity with the accounting standards by and large
acknowledged in India, of the situation of the Company as at March 31, 2015, and its benefit and its
incomes for the year finished on that date.

Different MATTERS

The financial statements and other financial data remember the Company's proportionate offer for
mutually controlled resources of Rs. 967 crore, liabilities of Rs. 190 crore, use of Rs. 440 crore and
the components making up the Cash Flow Statement and related exposures in regard of a
Unincorporated Joint Venture which depends on statements from the particular Operators and
affirmed by the administration. Our perspective isn't qualified/adjusted in regard of this.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

As needed by Section 143(3) of the Act, we report that:

a) We have looked for and gotten all the data and clarifications which as far as we could possibly
know and conviction were vital for the motivations behind our review;
b) In our viewpoint, appropriate books of record as legally necessary have been stayed with by the
such a long ways as it shows up from our assessment of those books.

c) The Balance Sheet, the Profit and Loss Statement, and the Cash Flow Statement managed by this
Report are in concurrence with the books of record.

d) In our perspective, the aforementioned standalone financial statements consent to the

Accounting Standards determined under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014;

e) based on the composed portrayals got from the chiefs as on March 31, 2015, taken on record by
the Board of Directors, none of the chiefs is excluded as on March 31, 2015, from being delegated as
a chief as far as Section 164 (2) of the Act.

f) concerning different issues to be remembered for the Auditor's Report as per Rule 11 of the
Companies (Audit and Auditors) Rules, 2014, as we would like to think and to the best of our data
and as per the clarifications given to us:

(I) The Company has revealed the effect of forthcoming suits on its financial situation in its financial
statements as alluded to in Note 33.2 (d), (e) and Note 34 to the financial statements.

(ii) The Company has made arrangement, as needed under the pertinent law or accounting
guidelines, for material predictable misfortunes, if any, and as needed on long haul contracts
including subsidiary agreements.

(iii) There has been no postponement in moving sums, needed to be moved, to the Investor
Education and Protection Fund by the Company aside from an amount of Rs. 15 crore, which are
held in suspension because of forthcoming legitimate cases.