Major brands under which they operate are reliance gas and reliance aviation
Operate under major brand name recron
Million Metric British Thermal Units
Mukeshambani only personality in MDG group
Earn high intrest on investing cash surplus and borrow at low rates.Through this Mukesh will pave its wave for communication sector for 4g services.Moiley brought in petroleum and oil ministry.This will lead to price rise in power sector and elimination of small players
About RIL Board Configuration Financial Information Major sub-divisions Product and services offered (as per divisions)A. TextileB. Petroleum Refining and MarketingC. PetrochemicalsD. Exploration & ProductionE. Reliance Retail Awards and Recognition Major Issues Against RIL References
Reliance industries is a Flagship company ofReliance group founded by DhirubhaiAmbani in the year1966. It is Headquartered in Mumbai, Maharashtra. largest private sector enterprise in India, with businesses in the energy and materialsvalue chain. The largest polyester yarn and fibre producerin the world. Top five to ten producers in the world inmajor petrochemical products. Ranked 99(2012) in Fortune 500 companiesholding previous ranking of 134(2011).
Operations form the incore Petrochemicals, Refining, Oil and gasOther dividors Cloth, Retail business, Special economic zone (SEZ) development. Aerospace divisions.
Reliance Industries offer around 100+ products andservices under different divisions.Textile Reliance’s Manufacturing Division at Naroda, Ahmedabad isone of the largest and most modern textile complexes in theworld. The Company’s flagship brand VIMAL is one of the mosttrusted brands of premium textiles in the country. Under Brand VIMAL they provide Suitings, Shirtings,Readymade Garments, Ready-to-stitch take away fabric.
Petroleum Refining and Marketing RIL has 1.24 million barrels per day (MBPD) of crude processingcapacity, the largest at any single location in the world. The demand for petroleum products in India increased from 130.5 MMTto 134.4 MMT, reflecting a growth of 2.9% in FY-11. List of products offered and their consumption in India.
Petrochemicals Domestic Leadership in Petrochemicals. Worlds Largest Producer of Polyester Fibre and Yarn. Fifth largest producer of Polypropylene(PP) and Paraxylene(PX)in the world. Eighth largest producer of PTA. Indias largest and worlds eighth largest producer of MEG. Indias largest manufacturer of Synthetic Rubber.Under petrochemicals they produce: Polymers Polyester Polyester Intermediates Other Petrochemicals
Exploration & ProductionOil and gas exploration and production business KG-D6 is the major field explored and operated. KG-D6 was the single largest source of domestic gas in thecountry for FY-11 and accounted for almost 35% of the totalgas consumption in India. KG-D6 catered to demand from 57 customers in criticalsectors like fertilizer, power, steel, petrochemicals andrefineries.Other fields explored and operated areThe Company made six discoveries during the year which are asfollows: Well W1 in the KG-V-D3 block. Well AF1, AJ1, AT1, AN1 and AR1 in on-land CB-10 block.
International ventures in E&P RIL has 13 blocks in its international conventional portfolio. 2 inPeru, 3 in Yemen (1 producing and 2 exploratory), 2 each inOman, Kurdistan and Colombia, 1 each in East Timor andAustralia; amounting to a total acreage of over 99,145 sq.km. Reliance acquired a 40% interest in Atlas core Marcellus shaleacreage position, through its subsidiary, Reliance Marcellus LLC. RIL, through its subsidiary, Reliance Eagleford Upstream LP,acquired a 45% interest in Pioneers core Eagle Ford shaleacreage position. On February 21, 2011, RIL and BP announced a strategicpartnership BP taking a 30% stake in 23 oil and gas productionsharing contracts that Reliance operates in India, including theproducing KG-D6 block.
Reliance Retail Estd. In the year 2006. Having core growth strategy of backward integration. Ranks as the fifth largest Indian retailer, after FutureGroup, Malabar Gold, Kalyan Jewellers and Titan.There are various Subsidiaries & division under Reliance Retail. Reliance Fresh - Retail Outlets of fruits, Vegetables & Groceries. Reliance Digital - Consumer Electronics retail Store Reliance Jewels - Jewellery Reliance Time Out - Lifestyle store ofBooks, Music, Movies, Toys, Gaming, Fragrances, Stationery. Reliance Trends(with 91 stores)- Apparel and Clothing
Allahabad Manufacturing Division received a rating of 90% forits environmental initiatives from British Safety Council in2010. Mr Mukesh Ambani was conferred the Outstanding BusinessLeader of the Year Award by CNBC TV18 (2007). Mr. Mukesh Ambani, Chairman & ManagingDirector, RIL, has been nominated to a key advocacy group ofMillennium Development Goals, whose mandate includesfinding ways to fight socio-economic evils such as poverty, bythe United Nations in 2010. RIL is ranked 68th in 2010, in the Financial Times FT Global500 list of the worlds largest companies (up from previousyears 75th rank). RIL is rated as the 33rd Most Innovative Company in theWorld in a survey conducted by the US financial publication-Business Week in 2010.
Reliance Footprint received the Retailer of the Year Award in theNon Apparel and Footwear category at Asia Retail Congress 2010. Reliance TimeOut received the Retailer of the Year Award in theLeisure Category at Asia Retail Congress 2010. Vision Express was bestowed the Award 2010 for its contributionby the Netherlands India Chamber of Commerce and Trade in2010. Hazira Manufacturing Division won the “Golden Peacock GlobalAward for Corporate Social Responsibility” - 2008. Dahej Manufacturing Division bagged the Most Efficient UnitAward 2008 for efficiency in water management at the site fromCII.
Reliance Industries, which having Rs 75,000 crore in surpluscash, launched an issue of bonds in Hong Kong and Singaporemarkets to raise a minimum USD 500 million (around Rs 2,700crore), because the interest rates are at historical lows. After split the Ambani brothers have come together to sign a Rs1,200 crore agreement through which Mukesh Ambani-ownedReliance Jio Infocomm (RJI) will share Anil Ambani-ownedReliance Communications ( RCom) optic fibre cable (OFC)network. A Delhi court framed charges against Reliance Industries andthree of its top officials, under the Official Secrets Act in 1998.The three are accused of illegally possessing secret governmentdocuments that could benefit the companys businesses.
CAG decided to have a financial and proprietary audit of KG-D6basin production. RIL insider trading allegations-The case relates to RILs associatefirms short selling Reliance Petroleum (RPL) futures in 2009 afew days ahead of RIL selling shares of RPL in the open market. Reliance Industries Ltd (RIL) has the contract to extract oil fromKG Basin. Under an agreement of 2009 with the government, theyare supposed to sell gas to NTPC and RNRL at $ 4.2 per mmBTUupto 31st March 2014. Midway now, RIL is demanding that theprice be increased to $ 14.2 per mmBTU. Jaipal Reddy resistedthat and he was thrown out from Union Ministery for Petroleumand Natural Gas.