Mining && Mineral sector Mining Mineral Sector ( Primary Sector) (Primary Sector)
Introduction of Mining & Mineral Sector Backbone of the industrial development of India. Contribution to country’s GDP is 3 %.The major mining products in India are lignite , Oiland natural gas, copper ,lead, Aluminium, zinc ores,coal ,gold, silver and diamonds .India is leading producer of mica blocks and micasplitting.
Top Three Players (Oil & Natural Gas Exploration)•Reliance Industries Limited.•Bharat petroleum corporation limited.•Oil & Natural gas corporation.
Reliance Industries Ltd (History)1.Founded by Late Dhirubhai H. Ambani in 19662 Started with textiles business in the 1966.3.In 1977-87, entered into plastics, petrochemicals, petroleumrefining , oil and gas exploration and production business.4. In 1977 ,RIL listed on BSE .5.In 1992, Reliance Petrochemical Ltd merged in RIL.6.In 2002, Reliance Petroleum Ltd merged in RIL.
Reliance Industries Ltd. Profile•Headquarter- Mumbai• Chairman & Managing Director- Mr. Mukesh D. Ambani• Turnover - US $ 58 Billion• Employees - 22 ,631 average age is 41 year.• Business- Oil & gas, Petroleum, Petrochemical, Plastics &Retails etc• Exploration Sites- 13 International blocks in Peru, Yemen,Oman, Kurdistan , Colombia & Australia. Domestic- Panna-Mukta and Tapti fields , CBM in Sohagpur,MP, Krishna-Godavari basin.
HOW THEY STARTED India was importing 80% of its crude oil in late ‘70s. In 1982 Mukesh Ambani formed reliance petroleum limited. In 1999 they Built worlds largest grassroots petroleum refinery at Jamnagar. In 2002 it was merged in Reliance industries limited. Another refinery built in Jamnagar in the year 2008. Increasing total capacity to 1.24 million barrels of oil per day.
MERGERS AND AQUISATIONS•Reliance acquired 50 % stake of GAPCO (GulfAfrican petroleum corp.) in 2007.•In 2010, entered into partnership with PioneerNatural Resources & Carrizo oil of USA.• On February 11, 2011 RIL and British Petroleumannounced partnership between them.
Achievements International refiner of the year in 2007 at Harts World Refining and Fuels Conference. Ranked 68th in Financial times 500 list in the year 2010. It ranked 33rd in the most innovative companies in the world- 2010. Ranked 134th in world’s Fortune 500 companies list.
Growth of RIL Fiscal year 2004 was a record year in the history of Reliance Industries .The companys net profits crossed the $1 billion mark. Over the last 25 years, RIL has seen its sales grow from Rs 120 crore to Rs. 2,58,651 Crore. Transition from Textile to Oil & gas , Petroleum & then to Retail .
Contribution to India’s Economic growth •13.4 % of India’s total exports • 6.9 % of the Government of India’s indirect tax revenues • 4.8 % of the total market capitalization in India • Weightage of 11.9 % in the BSE Sensex • Weightage of 10.1 % in the S&P CNX Nifty Index