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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.
The company reported rise of 31.95% in standalone net profit on y-o-y basis to Rs 55.89 billion, while total income declined 1.18% y-o-y basis to Rs 864.41 billion for the quarter ended March 2013.
Mukesh Ambani led Reliance Industries (RIL) reported an increase of 1.7% in consolidated net profit for second quarter of financial year 2015 to Rs 59.72 billion. Analysts on average had predicted net profit of Rs 59.57 billion.
Reliance Industries, leading private sector enterprise with businesses in the energy and materials value chain, announced that at the board meetings Reliance Jio Infocomm and Reliance Retail Ventures approved the appointment of Isha Ambani and Akash Ambani as directors on their boards.
Reliance Industries, leading private sector enterprise with businesses in the energy and materials value chain, announced that Reliance Jio Infocomm (RJIL), a subsidiary of the company has signed a USD 750 million loan backed by Korea Exim Bank on Sept. 24, 2014. The loan is guaranteed by RIL and will be primarily used to finance goods and services produced from Samsung Electronics for the infrastructure rollout of RJIL.
Reliance Jio Infocomm, a subsidiary of Reliance Industries (RIL), today announced the signing of a master services agreement (MSA) for tower infrastructure sharing. Under the agreement, Reliance Jio would utilize the telecom tower infrastructure services being provided by Indus Towers to launch its services across the country.
Reliance Industries (RIL) today announced that Reliance Jio Infocomm (Reliance Jio), a subsidiary of the company and the only pan India operator with BWA spectrum preparing to launch 4G services, and GTL Infrastructure (GTL Infra), a Global Group enterprise, engaged in the business of Shared Passive Telecom Infrastructure in India, has signed a master services agreement (MSA).
Reliance Industries announced mutual and amicable separation in the agreement for strategic partnership between Reliance Ventures (RVL), a wholly owned subsidiary of RIL and Infrastructure Leasing and Financial Services (IL&FS) to co-promote the Model Economic Township (MET) project of Reliance Haryana SEZ (RHSL).
Reliance Industries (RIL), leading private sector enterprise with businesses in the energy and materials value chain, announced that Reliance Haryana SEZ (RHSL), on Friday returned 1383.68 acres of land in Gurgaon acquired from HSIIDC for setting up SEZs due to revision of strategic priorities. RHSL is a joint venture between Reliance Ventures Limited (RVL), RIL`s wholly-owned subsidiary, and Government of Haryana through HSIIDC.
Reliance Industries, leading private sector enterprise with businesses in the energy and materials value chain,is set to invest $13 billion
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.