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19-Jan-2016
Business Profile
The Reliance Group, founded by late Dhirubhai H. Ambani (1932-2002), is India`s largest private sector enterprise, with businesses in the energy and materials value chain. Group`s annual revenues are in excess of USD 30 billion. The flagship company, Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India.

Starting with textiles in the late seventies, the company pursued a strategy of backward vertical integration - in polyester, fibre intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production - to be fully integrated along the materials and energy value chain.

The Group`s activities span across exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and special economic zones.

Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products.

Major group companies are Reliance Industries (including main subsidiary Reliance Retail) and Reliance Industrial Infrastructure and Reliance Petroleum.

Reliance Industries operates world-class manufacturing facilities across the country at Allahabad, Barabanki, Dahej, Dhenkanal, Hazira, Hoshiarpur, Jamnagar, Kurkumbh, Nagothane, Nagpur, Naroda, Patalganga, Silvassa and Vadodara. Companies registered corporate office is located at Makers Chambers - IV, Nariman Point, Mumbai 400 021. India.

Financials
The company disclosed rise of 24.19% in consolidated net profit on y-o-y basis to Rs 73.57 billion, while total income declined 100.00% y-o-y basis to Rs 0.00 million for the quarter ended December 2015.

Recent Developments
18-JAN-16
Reliance Industries' subsidiary Reliance Jio Infocomm (Ra) and Reliance Communications (RCOM) today announced the signing of agreements for change in spectrum allotment in 800 MHz band across 9 circles from RCOM to RJIL and for sharing of spectrum in 800 MHz band across 17 Circles. As part of the strategic collaboration, both companies also intend to enter into reciprocal intra circle roaming arrangements.

28-DEC-15
Reliance Jio Infocom, the telecommunications arm and wholly owned subsidiary of Reliance Industries have launched 4G services for its employees.

16-DEC-15
India's leading industry players have paid 21.80% higher advance tax for the quarter ending Dec. 31, 2015. Aggregate tax payment of 14 companies stood at Rs 122.16 billion for the current quarter compared with Rs 100.23 billion for the quarter ended December 2014.

10-DEC-15
Moody's Investors Service has affirmed Reliance Industries (RIL) Baa2 domestic long-term issuer rating and foreign currency senior unsecured rating.

17-NOV-15
Fitch Ratings has affirmed India-based Reliance Industries (RIL) long-term foreign-currency issuer default rating (IDR) at 'BBB-', and its long-term local-currency IDR at 'BBB'. The outlook on the ratings is stable.

27-OCT-15
Bombay Stock Exchange (BSE) announced that the process of signing of the revised listing agreement as mandated under the newly introduced listing regulations notified by SEBI, has been initiated at the BSE, with Reliance Industries (RIL) having signed the new Listing Agreement today.

16-OCT-15
Reliance Industries announced a steady growth in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 12.53% to Rs 67,200 million from Rs 59,720 million in the same quarter previous year. On standalone basis, the profit

06-OCT-15
Reliance Industries, leading private sector enterprise with businesses in the energy and materials value chain, announced that the company has allotted 4,00,129 equity shares of Rs. 10 each, on



Future Plans
The company is strategically positioned to capitalize the ever increasing demand for petroleum products in the East African countries. It entered into high-growth aviation fuel segment this year and has presence at 14 airports in India.

The company plans to sharpen its focus on global markets for a significant part of petroleum products produced at the Jamnagar refinery.

In Brief

 
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