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20-Feb-2015
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 announced rise of 31.95% in standalone net profit on y-o-y basis to Rs 55.89 billion, while total income dropped 1.18% y-o-y basis to Rs 864.41 billion for the quarter ended March 2013.

Recent Developments
20-FEB-15
The board of directors of Reliance Industries (RIL) announced the appointment of Maheswar Sahu, IAS (Retd), as an independent director on the board with immediate effect. With this, the board will comprise 14 members, with eight being Independent Directors.

04-FEB-15
Reliance Industries (RIL), leading private sector enterprise with businesses in the energy and materials value chain, today announced that it has priced a Rule 144A/Regulation S offering of USD 750 million 4.875% senior unsecured notes due 2045.

22-JAN-15
Reliance Industries (RIL) today announced that it has priced a rule 144A/regulation S offering of USD 1 billion 4.125% senior unsecured notes due 2025 (the 'Notes').

20-JAN-15
Moody's Investors Service says that Reliance Industries (RIL, Local Currency Issuer Rating: Baa2 positive, Foreign Currency Senior Unsecured Debt Rating: Baa2 stable) results for the quarter ended December 2014 (Q3)

16-JAN-15
Mukesh Ambani led Reliance Industries (RIL) reported a decrease of 4.5% in consolidated net profit for third quarter of financial year 2015 to Rs 52.56 billion. Cash profit increased by 2.9% to Rs 85.41 billion for the quarter ended Dec. 31, 2014.

29-DEC-14
Reliance Industries (RIL), leading private sector enterprise with businesses in the energy and materials value chain, has scheduled a planned turnaround at its Nagothane manufacturing site. The cracker and some of the downstream units will be shut for approximately four weeks, starting around mid-January 2015.

25-DEC-14
Reliance signs shipping agreements with one of the world's largest and reputed shipping companies MITSUI O.S.K. LINES, (MOL) for transporting Liquefied Ethane from North America to India.

09-DEC-14
Reliance Industries (RIL) India and Shandong Ruyi Science and Technology group, China, have executed definitive agreements for a joint venture in textile. As per the definitive agreements, RIL will transfer its existing textile business into a newly incorporated company, for which RIL will receive cash consideration.



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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