Misplaced Pages

Reliance Industries: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editNext edit →Content deleted Content addedVisualWikitext
Revision as of 08:06, 25 August 2013 editGswarnkar (talk | contribs)Extended confirmed users2,436 editsm →History: Inserted wikilink for Krishna Godavari basin← Previous edit Revision as of 08:14, 25 August 2013 edit undoGswarnkar (talk | contribs)Extended confirmed users2,436 editsm →History: Inserted reference to Gas discovery from Economic Times newspaperNext edit →
Line 36: Line 36:


==History== ==History==
The company was co-founded by ] and his cousin Champaklal Damani in 1960s as Reliance Commercial Corporation. In 1965, the partnership was ended and Dhirubhai continued the ] business of the firm. In 1975, company expanded its business into textiles, with "Vimal" becoming its major brand in later years. The company made an initial public offer (IPO) in 1977. <ref name=Milestones>{{cite web |title=Major Milestones |url=http://www.ril.com/html/aboutus/major_milestones.html |publisher=RIL.com |accessdate=22 Aug 2013}}</ref> The issue was over-subscribed by seven times.<ref>{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/4 |title=Reliance Industries: Milestones of an oil giant - Slide 4 |publisher=NDTV.com |accessdate=25 Aug 2013}}</ref> In 1993, Reliance turned to the overseas capital markets for funds through a global depositary issue of Reliance Petroleum. In 1996, it became the first private sector company in India to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings.<ref>{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/8 |title=Reliance Industries: Milestones of an oil giant - Slide 8 |publisher=NDTV.com |accessdate=25 Aug 2013}}</ref> In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest companies in terms of all major financial parameters.<ref>{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/9 |title=Reliance Industries: Milestones of an oil giant - Slide 9 |publisher=NDTV.com |accessdate=25 Aug 2013}}</ref> In 2001-02, Reliance Petroleum was merged with Reliance Industries.<ref name=Milestones/> In 2002, Reliance announced India's biggest gas discovery (at the ]) in nearly three decades and one of the largest gas discoveries in the world during 2002. The in-place volume of natural gas was in excess of 7 trillion cubic feet, equivalent to about 1.2 billion barrels of crude oil. This was the first ever discovery by an Indian private sector company.<ref name=Milestones/> The company was co-founded by ] and his cousin Champaklal Damani in 1960s as Reliance Commercial Corporation. In 1965, the partnership was ended and Dhirubhai continued the ] business of the firm. In 1975, company expanded its business into textiles, with "Vimal" becoming its major brand in later years. The company made an initial public offer (IPO) in 1977. <ref name=Milestones>{{cite web |title=Major Milestones |url=http://www.ril.com/html/aboutus/major_milestones.html |publisher=RIL.com |accessdate=22 Aug 2013}}</ref> The issue was over-subscribed by seven times.<ref>{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/4 |title=Reliance Industries: Milestones of an oil giant - Slide 4 |publisher=NDTV.com |accessdate=25 Aug 2013}}</ref> In 1993, Reliance turned to the overseas capital markets for funds through a global depositary issue of Reliance Petroleum. In 1996, it became the first private sector company in India to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings.<ref>{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/8 |title=Reliance Industries: Milestones of an oil giant - Slide 8 |publisher=NDTV.com |accessdate=25 Aug 2013}}</ref> In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest companies in terms of all major financial parameters.<ref>{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/9 |title=Reliance Industries: Milestones of an oil giant - Slide 9 |publisher=NDTV.com |accessdate=25 Aug 2013}}</ref> In 2001-02, Reliance Petroleum was merged with Reliance Industries.<ref name=Milestones/> In 2002, Reliance announced India's biggest gas discovery (at the ]) in nearly three decades and one of the largest gas discoveries in the world during 2002. The in-place volume of natural gas was in excess of 7 trillion cubic feet, equivalent to about 1.2 billion barrels of crude oil. This was the first ever discovery by an Indian private sector company.<ref name=Milestones/><ref><cite web |url=http://articles.economictimes.indiatimes.com/2002-11-01/news/27345331_1_huge-gas-gas-allocation-krishna-godavari-basin |title=Krishna-Godavari basin to yield 160mt oil: RIL |publisher=Economic Times |date=1 Nov 2002 |accessdate=25 Aug 2013}}</ref>


In the years 2005 and 2006, the company reorganized its business by demerging its investments in power generation and distribution, financial services and telecommunication services into four separate entities.<ref>{{cite web |url=http://ril.com/html/investor/scheme_demerger.html |title=Scheme of Demerger |publisher=ril.com |accessdate=15 Aug 2013}}</ref> In the years 2005 and 2006, the company reorganized its business by demerging its investments in power generation and distribution, financial services and telecommunication services into four separate entities.<ref>{{cite web |url=http://ril.com/html/investor/scheme_demerger.html |title=Scheme of Demerger |publisher=ril.com |accessdate=15 Aug 2013}}</ref>

Revision as of 08:14, 25 August 2013

Not to be confused with Reliance Anil Dhirubhai Ambani Group.
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
This article may contain excessive or inappropriate references to self-published sources. Please help improve it by removing references to unreliable sources where they are used inappropriately. (August 2013) (Learn how and when to remove this message)
This article may require copy editing for overly promotional. You can assist by editing it. (July 2013) (Learn how and when to remove this message)
Some of this article's listed sources may not be reliable. Please help improve this article by looking for better, more reliable sources. Unreliable citations may be challenged and removed. (June 2013) (Learn how and when to remove this message)
(Learn how and when to remove this message)

Reliance Industries
RIL Logo
Company typePrivately Owned
Traded asBSE: 500325, NSE: RELIANCE, LSE: RIGD
BSE SENSEX Constituent
IndustryConglomerate
PredecessorReliance Commercial Corporation
Founded1966
FounderDhirubhai Ambani
HeadquartersMumbai, Maharashtra, India
Key peopleMukesh Ambani
(Chairman and MD)
ProductsCrude oil, natural gas, petrochemicals, petroleum, polyester, textiles, retail, telecom
RevenueIncrease US$ 73.1 billion (2013)
Operating incomeIncrease US$ 04.8 billion (2013)
Net incomeIncrease US$ 03.8 billion (2013)
Total assetsIncrease US$ 60.85 billion (2012)
Total equityIncrease US$ 31.66 billion (2012)
Number of employees23,519 (Mar 2013)
WebsiteRIL.com

Reliance Industries Limited (RIL) is an Indian conglomerate holding company headquartered in Mumbai, Maharashtra, India. The company operates in five major segments: exploration and production, refining and marketing, petrochemicals, retail and telecommunications.

RIL is the third largest publicly traded company in India by market capitalisation and is the second largest company in India by revenue after Indian Oil Corporation. The company is ranked 107th on Fortune Global 500 list of the world's biggest corporations for the year 2013. It contributes to approx. 14% of total exports of India.

History

The company was co-founded by Dhirubhai Ambani and his cousin Champaklal Damani in 1960s as Reliance Commercial Corporation. In 1965, the partnership was ended and Dhirubhai continued the polyester business of the firm. In 1975, company expanded its business into textiles, with "Vimal" becoming its major brand in later years. The company made an initial public offer (IPO) in 1977. The issue was over-subscribed by seven times. In 1993, Reliance turned to the overseas capital markets for funds through a global depositary issue of Reliance Petroleum. In 1996, it became the first private sector company in India to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings. In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest companies in terms of all major financial parameters. In 2001-02, Reliance Petroleum was merged with Reliance Industries. In 2002, Reliance announced India's biggest gas discovery (at the Krishna Godavari basin) in nearly three decades and one of the largest gas discoveries in the world during 2002. The in-place volume of natural gas was in excess of 7 trillion cubic feet, equivalent to about 1.2 billion barrels of crude oil. This was the first ever discovery by an Indian private sector company.

In the years 2005 and 2006, the company reorganized its business by demerging its investments in power generation and distribution, financial services and telecommunication services into four separate entities.

Shareholding

The number of shareholders in RIL are approx. 3 million. The promoter group, Ambani family, holds approx. 45.34% of the total shares whereas the remaining 54.66% shares are held by public shareholders, including FII and bodies corporate. Life Insurance Corporation of India is the largest non-promoter investor in the company with 7.98% shareholding.
Buyback: In January 2012, the company announced a buyback programme to buy a maximum of 120 million shares for ₹10,440 crore (US$1.2 billion). By the end of January 2013, the company bought back 46.2 million shares for ₹3,366 crore (US$390 million).

Listing

The Company's equity shares are listed on the National Stock Exchange of India Limited (NSE) and the BSE Limited. The Global Depository Receipts (GDRs) issued by the Company are listed on Luxembourg Stock Exchange (LSE). It has issued approx. 56 million GDRs wherein each GDR is equivalent to 2 equity shares of the company. Approx. 3.46% of its total shares are listed on Luxembourg Stock Exchange.

Operations

The company's petrochemicals, refining, and oil and gas-related operations form the core of its business; other divisions of the company include cloth, retail business and special economic zone (SEZ) development. It earns 76% of its revenue from Refining, 19% from Petrochemicals, 2% from Oil & Gas and 3% from Other segments. Its subsidiary Reliance Retail has entered into the fresh foods market as Reliance Fresh.

RIL is to invest US$1 billion over the next few years in its new aerospace division which will design, develop, manufacture, equipment and components, including airframe, engine, radars, avionics and accessories for military and civilian aircraft, helicopters, unmanned airborne vehicles and aerostats.

Major subsidiaries and associates

On 31 March 2013, the company had 123 subsidiary companies and 10 associate companies.

  • Reliance Retail is the retail business wing of the Reliance Industries. It is the largest retailer in India. Many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance Trends, Reliance Autozone, Reliance Super, Reliance Mart, Reliance iStore, Reliance Home Kitchens, Reliance Market (Cash n Carry) and Reliance Jewel come under the Reliance Retail brand. Its annual revenue for the financial year 2012-13 was ₹10,800 crore (US$1.3 billion).
  • Reliance Life Sciences its profit-making ventures around medical, plant and industrial biotechnology opportunities. Specifically, this company specializes in manufacturing, branding, and marketing Reliance Industries' products in bio-pharmaceuticals, pharmaceuticals, clinical research services, regenerative medicine, molecular medicine, novel therapeutics, biofuels, plant biotechnology, and industrial biotechnology sectors of the medical business industry.
  • Reliance Institute of Life Sciences (RILS), established by Dhirubhai Ambani Foundation, is an institution offering higher education in various fields of life sciences and related technologies.
  • Reliance Logistics is a single-window company selling transportation, distribution, warehousing, logistics, and supply chain-related products, supported by in-house telematics and telemetry solutions. Merged content from Reliance Logistics to here. See Talk:Reliance_Industries#Merge_proposals.
  • Reliance Clinical Research Services (RCRS), a contract research organisation (CRO) and wholly owned subsidiary of Reliance Life Sciences, specialises in the clinical research services industry. Its clients are primarily pharmaceutical, biotechnology and medical device companies.
  • Reliance Solar, the solar energy subsidiary of Reliance, was established to produce and retail solar energy systems primarily to remote and rural areas. It offers a range of products based on solar energy: solar lanterns, home lighting systems, street lighting systems, water purification systems, refrigeration systems and solar air conditioners. Merged content from Reliance Solar to here. See Talk:Reliance_Industries#Merge_proposals.
  • Relicord is a cord blood banking service owned by Reliance Life Sciences. It was established in 2002. It has been inspected and accredited by AABB, and also has been accorded a license by Food and Drug Administration (FDA), Government of India.
  • Reliance Jio Infocomm (RJIL), previously known as Infotel Broadband, is a broadband service provider which gained 4G licences for operating across India. Now it is wholly owned by RIL for ₹4,800 crore (US$560 million).
  • Reliance Industrial Infrastructure Limited (RIIL) is an associate company of RIL. RIL holds 45.43% of total shares of RIIL. It was incorporated in September 1988 as Chembur Patalganga Pipelines Limited, with the main objective being to build and operate cross-country pipelines for transporting petroleum products. The company's name was subsequently changed to CPPL Limited in September 1992, and thereafter to its present name, Reliance Industrial Infrastructure Limited, in March 1994. It has been promoted by Mr. Satyapal Jain and his associates. RIIL is mainly engaged in the business of setting up and operating industrial infrastructure. The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing. The company set up a 200-millimetre diameter twin pipeline system that connects the Bharat Petroleum refinery at Mahul, Maharashtra, to Reliance's petrochemical complex at Patalganga, Maharashtra. The pipeline carries petroleum products including naphtha and kerosene. It has commissioned facilities like the supervisory control and data acquisition system and the cathodic protection system, a jackwell at River Tapi, and a raw water pipeline system at Hazira. The infrastructure company constructed a 71,000 kilo-litre petrochemical product storage and distribution terminal at the Jawaharlal Nehru Port Trust (JNPT) Area in Maharashtra.

Employees

As on 31 March 2013, the company had 23,519 employees of which 1,159 were women and 82 were employees with disabilities. It also had 29,462 temporary employees on the same date.
As per its Sustainability Report for 2011-12, the attrition rate was 7.57%.

Environmental record

Reliance Industries is the world's largest polyester producer and as a result one of the largest producers of polyester waste in the world. In order to deal with large quantities of waste, they operate the largest polyester recycling centre that uses the polyester waste as a filling and stuffing.

Awards and recognition

  • International Refiner of the Year in 2013 at the HART Energy’s 27th World Refining & Fuel Conference. This is the second time that RIL has received this Award for its Jamnagar Refinery, the first being in 2005.
  • According to survey conducted by Brand Finance in 2013, Reliance is the second most valuable brand in India.
  • The Brand Trust Report, 2013 has ranked 'Reliance' as the 7th most trusted brand in India.
  • RIL was certified as'Responsible Care Company' by the American Chemistry Council in March, 2012.
  • RIL was ranked at 25th position across the world, on the basis of sales, in the ICIS Top 100 Chemicals Companies list in 2012.
  • RIL was awarded the National Golden Peacock Award 2011 for its contribution in the field of corporate sustainability.

References

  1. ^ "Q4 Financial results 2012-13" (PDF). RIL.com.
  2. "Reliance Industries Ltd (RELI.NS)". Reuters. Retrieved 25 August 2013.
  3. "Chairman's Statement at RIL AGM" (PDF). RIL.com. 6 June 2013. Retrieved 22 August 2013.
  4. "Top '50' companies by market capitalisation as on March 31, 2013". nseindia.com. Retrieved 14 August 2013.
  5. "Global 500". CNN.com. Retrieved 14 August 2013.
  6. "Fortune Global 500". CNN Money. Retrieved 14 August 2013.
  7. ^ "Annual Report 2012-13" (PDF). RIL.com. 8 May 2013.
  8. ^ "Major Milestones". RIL.com. Retrieved 22 August 2013.
  9. "Reliance Industries: Milestones of an oil giant - Slide 4". NDTV.com. Retrieved 25 August 2013.
  10. "Reliance Industries: Milestones of an oil giant - Slide 8". NDTV.com. Retrieved 25 August 2013.
  11. "Reliance Industries: Milestones of an oil giant - Slide 9". NDTV.com. Retrieved 25 August 2013.
  12. <cite web |url=http://articles.economictimes.indiatimes.com/2002-11-01/news/27345331_1_huge-gas-gas-allocation-krishna-godavari-basin |title=Krishna-Godavari basin to yield 160mt oil: RIL |publisher=Economic Times |date=1 Nov 2002 |accessdate=25 Aug 2013}}
  13. "Scheme of Demerger". ril.com. Retrieved 15 August 2013.
  14. ^ "Investor Relations : Share Ownership". ril.com. Retrieved 15 August 2013.
  15. "Reliance Industries buyback: Beyond face value". The Indian Express. 18 January 2013. Retrieved 24 August 2013.
  16. "Investors' Handbook". ril.com. Retrieved 15 August 2013.
  17. "RIL lines up close to $1 billion plan in aerospace sector, may hire around 1,500 people". The Times of India. 28 July 2012.
  18. "Ambani tops retailer list, too". Business Standard. Retrieved 19 Aug2013. {{cite web}}: Check date values in: |accessdate= (help)
  19. "About us, Reliance Life Sciences". RelLife.com. Retrieved 18 August 2013.
  20. "Welcome to Reliance Institute of Life Sciences". RILS.com. Retrieved 18 August 2013.
  21. "About us, Reliance Logistics". reliancelogistics.com. Retrieved 18 August 2013.
  22. "Clinical Research Services (CRS) group of Reliance Life Sciences". RelLife.com. Retrieved 18 August 2013.
  23. "About us, Reliance Solar". relsolar.com. Retrieved 18 August 2013.
  24. "About us, Relicord". relicord.com. Retrieved 18 August 2013.
  25. "AABB Accredited Cord Blood (CB) Facilities". AABB.org. Retrieved 18 August 2013.
  26. "RIL subsidiary Reliance Jio Infocomm finalises key pacts for roll-out of 4G services". Economic Times. Retrieved 18 August 2013.
  27. "Reliance Industries buys 95% stake in Infotel Broadband for Rs 4,800 cr". The Times Of India. 12 June 2010. Retrieved 18 August 2013.
  28. "RIL Subsidiaries & Associates". RIL.com. Retrieved 20 August 2013.
  29. "Company History". moneycontrol.com. Retrieved 22 August 2013.
  30. "About us". RIIL.in. Retrieved 18 August 2013.
  31. "Sustainability Report 2011-12". RIL.com. Retrieved 25 August 2013.
  32. "RIL bags Refiner of the Year Award". Economic Times. Retrieved 20 August 2013.
  33. "India's top 50 brands". brandirectory.com. Retrieved 19 August 2013.
  34. "All India Brand Trust Ranking 2013". trustadvisory.info. Retrieved 20 August 2013.
  35. "Reliance Industries Ltd gets certified as a 'Responsible Care' under American Chemistry Council". Economic Times. 4 March 2012. Retrieved 22 August 2013.
  36. "Top 100 Chemical Companies 2012". ICIS.com. 10 September 2012. Retrieved 22 August 2013.
  37. "Award for Sustainability(GPAS)". goldenpeacockawards.com. Retrieved 25 August 2013.

External links

Reliance Industries
Energy
Jio Platforms
Reliance Retail
Financial services
Media
Others
Former holdings
Education
Sports
Healthcare
Philanthropy
People
Current
Former
see also: Template:Reliance Anil Dhirubhai Ambani Group

Template:Major Indian companies

India BSE SENSEX companies of India
India NIFTY 50 companies of India

Categories: