The major mining products in India are lignite , Oil and natural gas, copper ,lead, Aluminium, zinc , coal ,gold, silver and diamonds .
India is leading producer of mica blocks and mica splitting.</li></li></ul><li>Top Three Players<br />(Oil & Natural Gas Exploration)<br />Top three players in Indian mining and minerals sector <br /><ul><li>Reliance Industries Limited.
Oil & Natural gas corporation.</li></li></ul><li>
Reliance Industries Ltd(History)<br />1.Founded by Late Mr.DhirubhaiH. Ambani in 1966<br />2 Started with textiles business in the 1966. <br />3.In 1977-87, entered into plastics, petrochemicals, petroleum refining , oil and gas exploration and production business.<br />4. In 1977 ,RIL listed on BSE .<br />5.In 1992, Reliance Petrochemical Ltd merged in RIL.<br />6.In 2002, Reliance Petroleum Ltd merged in RIL.<br />7. In 2006, entered into Retail Business.<br />
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.</li></li></ul><li>HOW THEY STARTED<br /> India was importing 80% of its crude oil in late ‘70s.<br /> In 1982, Mukesh Ambani formed Reliance petroleum limited.<br /> In 1999, they Built world's largest grassroots petroleum refinery at Jamnagar.<br /> Another refinery built in Jamnagar in the year 2008. <br />Increasing total capacity to 1.24 million barrels of oil per day.<br />In 2009, RPL was merged in Reliance industries limited. <br />
MERGERS AND AQUISATIONS <br /><ul><li>Reliance acquired 50 % stake of GAPCO (Gulf African petroleum corp.) in 2007.
In 2010, entered into partnership with Pioneer Natural Resources & Carrizo oil of USA.
On February 11, 2011 RIL and British Petroleum announced partnership between them.</li></li></ul><li>Achievements<br />International refiner of the year in 2007 at Hart's World Refining and Fuels Conference.<br />Ranked 68th in Financial times 500 list in the year 2010.<br />It ranked 33rd in the most innovative companies in the world- 2010.<br />Ranked 134th in world’s Fortune 500 companies list.<br />
Growth of RIL<br />Fiscal year 2004 was a record year in the history of Reliance Industries .The company's net profits crossed the $1 billion mark.<br />Over the last 25 years, RIL has seen its sales grow from Rs 120 crore to Rs. 2,58,651 Crore.<br /> Transition from Textile to Oil & gas , Petroleum, Petrochemical & then into Retail .<br />
Contribution to India’s Economic growth <br /><ul><li>13.4 % of India’s total exports
6.9 % of the Government of India’s indirect tax revenues