During the year, RIL and BP announced a strategic partnership in the oil and gas business. This partnership comprises BP taking 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the KG-D6 block, and the formation of a joint venture (50:50) for sourcing and marketing gas in India.
Turnover inc as exports inc by 33%Div of 80% was declared
THE increase in the revenue is becoz of higher quantities of oil n gas from KG-D6 which compensated the lower production from Panna –Mukta and tapti fields.
Objectives<br />To attain global best practices and become a world-class utility.<br />To provide uninterrupted, affordable, quality, reliable and clean power, to millions of customers.<br />To achieve excellence in service, quality, reliability, safety and customer care.<br />To work with vigor, dedication and innovation, with total customer satisfaction as the ultimate goal.<br />To consistently achieve high growth with the highest levels of productivity.<br />
Legal Dimensions<br />Reliance Industries Limited is India’s largest private sector company registered under Companies Act, 1956 incorporated on 8 May, 1973.<br />It is a Company Limited by shares<br />It is an Indian Non-Government Company<br />
Companies in the Oil Business<br />Reliance Oil & Gas E&P Private Limited incorporated on 10th March 2008<br />Reliance Oil & Gas Private Limited incorporated on 09th June 1993<br />Reliance Oil Petroleum Private Limited on 08thOctober 1992<br />These above three are unlisted companies<br />Reliance Assam Petrochemicals Limited is a public company incorporated on 25thOctober 1994. It is Limited by shares and is unlisted.<br />
Companies in the Oil Business<br />Reliance Petro Distribution Private Limited incorporated on 26 May, 2000 is a private company.<br />Reliance Petro Marketing incorporated on 17 June, 1999 is a public company.<br />Reliance Petro Marketing Limited incorporated on 04 January, 2008 is a private company.<br />The above companies are Limited by shares and<br />are unlisted.<br />
Vision<br /> “Through sustainable measures, create value for the nation, enhance quality of life across the entire socio-economic spectrum and help spearhead India as a global leader in the domains where we operate.”<br />Mission<br />Create value for all stakeholders<br />Grow through innovation<br />Ensure energy security of the nation<br />Lead in good governance practices<br />Foster rural prosperity<br />
Short Term Goals<br />Form a sustainability council as an apex body to give impetus to our sustainability strategies.<br />Identify and develop measurable goals for sustainability performance indicators.<br />Give a structured approach to our social initiatives.<br />Create a sustainability portal for e-enabling data and information collection.<br />
Long Term Goals<br />Embed life cycle and systems thinking in all business processes.<br />Reduce environmental footprint by deploying appropriate systems and technologies.<br />Move towards a low carbon business enterprise<br />Strengthen the talent pool to cater to our diverse and integrated nature of business.<br />Create a triple bottom-line accounting system.<br />
Financial Highlights <br />OIL AND GAS (Product ion and Exploration) BUSINESS<br />
Balance Sheet Highlights<br />(Rs. in crore)<br />
The Board…<br />Shri Nikhil R. Meswani<br />Shri Hital R. Meswani<br /> Shri Dhirubhai H. Ambani<br />(Founder Chairman of Reliance Group)<br />Shri PMS Prasad<br />Executive Directors<br />Shri P.K. Kapil<br />ShriM. L. Bhakta<br />ShriY.Trivedi<br />Independent Directors<br />Shri D.V. Kapur<br />Shri Mukesh D. Ambani<br />(Chairman and MD)<br />Shri P. Modi<br />Shri Ramniklal H. Hirani<br />(Non Executive,Non Independent Director)<br />Shri Ashok Misra<br />Shri Dipak C Jain<br />
Core Competency<br />One of the biggest players in Indian market<br />Strong brand name<br />Excellent financial position<br />First Indian company to be featured in Forbes’<br />Employs more than 25000 people<br />Growing demand for petroleum products<br />Buyout of competition<br />
Competitors<br />Bharat Petroleum<br />Hindustan Petroleum<br />Indian Oil Corporation Limited<br />Oil and Natural Gas Corporation<br />