Reliance Group is India's largest private sector enterprise with annual revenues over $66 billion. The flagship company, Reliance Industries, owns and operates the world's largest oil refining complex located in Jamnagar, Gujarat. The Jamnagar complex has a combined refining capacity of over 1.24 million barrels per day and exports products to over 30 countries. Reliance is a leading importer of crude oil and in August 2022 imported 8.2% more oil from Venezuela compared to the previous month.
Reliance Group is India's largest private sector enterprise with annual revenues over $66 billion. The flagship company, Reliance Industries, owns and operates the world's largest oil refining complex located in Jamnagar, Gujarat. The Jamnagar complex has a combined refining capacity of over 1.24 million barrels per day and exports products to over 30 countries. Reliance is a leading importer of crude oil and in August 2022 imported 8.2% more oil from Venezuela compared to the previous month.
Reliance Group is India's largest private sector enterprise with annual revenues over $66 billion. The flagship company, Reliance Industries, owns and operates the world's largest oil refining complex located in Jamnagar, Gujarat. The Jamnagar complex has a combined refining capacity of over 1.24 million barrels per day and exports products to over 30 countries. Reliance is a leading importer of crude oil and in August 2022 imported 8.2% more oil from Venezuela compared to the previous month.
Mr. Harsimranjit Singh Amandeep Kaur Rollno. 1 BBA 3rd Company Profile The Reliance Group, founded by Dhirubhai Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of US$ 66 billion. The flagship company, Reliance Industries Limited is a Fortune Global 500 company and is the largest private sector company in India. Products
Starting with textiles in the late seventies
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. Chemicals, textiles, retail Industry Petroleum and Gas Founded 2008 Headquarters Ahmedabad India Key people Mukesh Ambani Products Petroleum Revenue 36.78 billion (US$560 million) Jamnagar Reliance Petrochemical Complex Located
in Jamnagar is spread over 7,400 acres.
Capacity of Production The first system was incorporated in Reliance's refinery, which was completed in 1998 after a 24-month construction period. In 2008, a second refinery was built adjacent to the first, with an investment of over $6bn to double the company's Jamnagar facility's capacity to approximately 1.24 million barrels per day. Construction on the refinery was started in 2005 and took 36 months to complete in 2008. The second refining unit can process approximately 29 million tons. The combined capacity of the two refineries is 62 million tons, ranking the Reliance's Jamnagar refineries first among the top ten refineries in the world. Export by RPL Plant is exported to 30 countries, including in Europe and the US, Japan, China, the Middle East and other Southeast Asian markets. Rising demand from Asia, driven by China and other
countries with low refining capacity like Indonesia,
Vietnam, Australia and Singapore pushed our exports. The rising demand spiked prices, which in turn improved our export numbers. Reliance Petroleum, a unit of RIL, last month
commissioned its 5,80,000-barrels-per-day only for
exports refinery at Jamnagar in Gujarat. Oct 9 (Reuters) - India's Reliance Industries, imported 8.2 percent more oil in August from a month purchase of Venezuela's Hamaca grade. Reliance, which has a diversified crude slate and shifts
purchases to maximize revenue, bought about 1.32 million
barrels per day (bpd) of oil in August, an increase of about 6.7percent from a year ago. From January to August, it bought about 45 percent of its oil
needs from Latin America, with Venezuela maintaining its
position as top crude supplier, which it has held since May 2012,followed by Saudi Arabia. The Neutral Zone, a border area whose production belongs to
Saudi Arabia and Kuwait, was the third-biggest oil supplier to
Reliance in the first eight months of this year. Transport Facilities India's west coast has world-class logistics and port facilities (Kandla) and Reliance has its own jetty for the raw material input. This proximity to jetty provides freight advantages and
logistic benefits, around 70% of the crude imported is
transported on Very Large Crude Carriers. The total investment in the Jamnagar complex included the
refinery, integrated petrochemical complex, port facilities,
captive power facilities and related infrastructure. Reliance Industries, the plant's owner, states that this is in the region of Rupees 24 billion crores ($6bn). Revenue Exports increased by 15% to Rs. 239,226 crore ($ 44.1 billion) Cash Profit was at Rs. 30,505 crore ($ 5.6 billion) Net Profit increased by 4.8% to Rs. 21,003 crore ($3.9 billion) Gross Refining Margin was $ 9.2 / bbl for the year ended March 31,2013 The consolidated revenue from operations of the Company for the year ended March 31, 2013 was Rs. 397,062 crore, an increase of 10.8% on aYear-on-Year basis. Tax & subsidies The Company is one of India's largest contributors to payment of taxes and duties to various government agencies. During the year, a total of RS. 28,950 crore ($5.3 billion) was paid in the form of various taxes and duties. Reliance currently exports most of the fuels from its giant
complex as India does not compensate private refiners for
selling fuels such as diesel and kerosene at subsidised rates mandated by the government. Thank You