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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 disclosed rise of 31.95% in standalone net profit on y-o-y basis to Rs 55.89 billion, while total income fell 1.18% y-o-y basis to Rs 864.41 billion for the quarter ended March 2013.
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
Reliance's investments in shale gas and its existing crackers portfolio in India are a natural fit for sourcing Ethane from North America and shipping it to India to attain long term feedstock competitiveness.
Mukesh Ambani led Reliance Industries (RIL) reported an increase of 13.75% in consolidated net profit for first quarter of financial year 2015 to Rs 59.57 billion.
Reliance Industries, have reduced shareholding by 1 basis points to 45.29 percent at the end of June 2014 quarter from 45.3 percent as on Mar 31, 2014.
Reliance Industries (RIL) today announced that Independent Media Trust (IMT) of which RIL is the sole beneficiary, has completed the acquisition of control of Network 18 Media and Investments including its subsidiary TV18 Broadcast.
The Securities Appellate Tribunal on Monday upheld a SEBI decision rejecting Reliance Industries application to settle alleged violations of norms to check fraudulent and unfair trade practices in the RIL-Reliance Petroleum merger case through a consent mechanism, according to media report.
Reliance Industries (RIL) announced that at the annual general meeting of the company held on Jun. 18, 2014, the Shareholders have approved the appointment of Nita M Ambani - as a director to fill up the vacancy of the retiring director Ramniklal H Ambani.
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.