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* '[[Responsible Care]] Company' awarded by the [[American Chemistry Council]], USA in March, 2012<ref>{{cite news|title=RIL gets certified as ‘Responsible Care Company’|url=http://www.thehindubusinessline.com/companies/article2960304.ece|accessdate=9 April 2012|date=04/03/2012}}</ref>
* '[[Responsible Care]] Company' awarded by the [[American Chemistry Council]], USA in March, 2012<ref>{{cite news|title=RIL gets certified as ‘Responsible Care Company’|url=http://www.thehindubusinessline.com/companies/article2960304.ece|accessdate=9 April 2012|date=04/03/2012}}</ref>
* RIL has been ranked at 20th position across the world, on the basis of sales, in the ICIS<ref>{{cite news|title=RIL among world's largest chemical firms|url=http://www.hindu.com/2010/11/29/stories/2010112959891600.htm|accessdate=9 April 2012|newspaper=The Hindu|date=29 November 2010}}</ref> Top 100 Chemicals Companies list.
* RIL has been ranked at 20th position across the world, on the basis of sales, in the ICIS<ref>{{cite news|title=RIL among world's largest chemical firms|url=http://www.hindu.com/2010/11/29/stories/2010112959891600.htm|accessdate=9 April 2012|newspaper=The Hindu|date=29 November 2010}}</ref> Top 100 Chemicals Companies list.

==Controversies==
In October 1997 the [[Delhi High Court]] heard a [[Centre for Public Interest Litigation]] (CPIL) petition over the award of contracts to [[Enron]] and Reliance Industries to develop the [[Panna-Mukta oilfield]], and issued notices to the involved companies and government organisations. [[Prashant Bhushan]] acted as advocate for CPIL. The petition claimed an inquiry was justified on the basis of testimony that Reliance had bribed the minister of petroleum, [[Satish Sharma]], to get the award.<ref>{{cite web
|url=http://www.rediff.com/business/oct/14panna.htm
|work=Rediff
|date=14 October 1997
|title=Notices to Centre, CAG, Enron, Reliance on Panna-Mukta oilfield
|accessdate=30 April 2012}}</ref>
According to a report in ''[[Outlook India]]'', at least Rs 4 crore was delivered to the minister in suitcases full of cash.<ref>{{cite web
|url=http://www.outlookindia.com/article.aspx?203987
|work=[[Outlook India]]
|title=Rigged Deals
|date=6 August 1997
|author=RAJESH JOSHI
|accessdate=30 April 2012}}</ref>

In September 2008 Reliance Industries was the only Indian firm featured in the [[Forbes]]'s list of "world's 100 most respected companies".<ref>{{cite news|author=PTI, 6 September 2008, 10.02&nbsp;pm IST |url=http://timesofindia.indiatimes.com/RIL_among_worlds_100_most_respected_companies/articleshow/3453197.cms |title=The Times of India |work=The Times of India |date=6 September 2008 |accessdate=20 August 2010}}</ref>
In October 2009 a team from the [[Central Bureau of Investigation]] was looking into allegations that V. K. Sibal, the oil regulator, had received favours from RIL for approving a major increase in the costs for the KG-D6 gas fields.<ref>{{cite web
|url=http://business.rediff.com/report/2009/oct/09/reliance-cbi-team-checks-sibal-records.htm
|work=Rediff
|title=RIL bribery: CBI team checks Sibal's records
|date=9 October 2009
|accessdate=30 April 2012}}</ref>
In June 2011 the Comptroller and Auditor General (CAG) issued a draft report on production sharing contracts in the Krishna Godavari (KG) basin.
It concluded that the Petroleum Ministry had acted incorrectly in letting Reliance claim the whole area. The CAG said "The undue benefit grant to the contractor (RIL) is huge, but cannot be quantified".<ref>{{cite web
|url=http://www.thehindu.com/news/national/article2101986.ece
|work=The Hindu
|date= 14 June 2011
|title=Undue benefit to Reliance is huge but can't be quantified
|accessdate=30 April 2012}}</ref>
In 2010 RIL stood at 13th position in the [[Platts]] Top 250 Global Energy Company Rankings.<ref>{{cite web|author=[[Platts]], 2 November 2010 |url=http://www.platts.com/Top250Home |title=Platts Top 250 Global Energy Company Rankings |accessdate=3 November 2010}}</ref>


==References==
==References==

Revision as of 05:20, 1 June 2012

Reliance Industries Limited
Company typePublic
BSE: 500325, NSE: RELIANCE, LSE: RIGD
BSE SENSEX Constituent
IndustryConglomerate
PredecessorReliance Commercial Corporation
Founded1966
FounderDhirubhai Ambani
HeadquartersMumbai, Maharashtra, India
Key people
Mukesh Ambani
(Chairman and MD)
ProductsCrude oil, natural gas, petrochemicals, petroleum, polyester, textiles, retail, telecom
RevenueIncrease US$ 58.55 billion (2011)[1]
Increase US$ 04.54 billion (2011)[1]
Total assetsIncrease US$ 63.84 billion (2011)[1]
Total equityIncrease US$ 34.12 billion (2011)[1]
Number of employees
22,661 (2011)[1]
Subsidiaries
[2]
WebsiteRIL.com

Reliance Industries Limited (RIL) (BSE: 500325, NSE: RELIANCE, LSE: RIGD) is an Indian conglomerate company headquartered in Mumbai, Maharashtra, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone (SEZ) development and telecom/broadband business. RIL is the largest publicly traded company in India by market capitalisation and is the second largest company in India by revenue behind Indian Oil.[3] It is also India's largest private sector company by revenue and profit. The company is ranked 134th on Fortune Global 500 list in 2011.[4]

Products

Though the company's petrochemicals, refining, and oil and gas-related operations form the core of its business, other segments of the company include textiles, retail business, telecommunications, and special economic zone (SEZ) development. Reliance Retail has entered into the fresh foods market as Reliance Fresh.

Businesses

Major subsidiaries and associates

  • Reliance Life Sciences participates in medical, plant and industrial biotechnology opportunities. Specifically, these relate to biopharmaceuticals, pharmaceuticals, clinical research services, regenerative medicine, molecular medicine, novel therapeutics, biofuels, plant biotechnology, and industrial biotechnology.[5]
  • Reliance Institute of Life Sciences (Rils), established by Dhirubhai Ambani Foundation, is an institution of higher education in various fields of life sciences and related technologies.[6]
  • Reliance Logistics (P) Limited is a single-window solutions provider for transportation, distribution, warehousing, logistics, and supply chain needs, supported by in-house state of the art telematics and telemetry solutions.[7]
  • Reliance Clinical Research Services (RCRS), a contract research organisation (CRO) and wholly owned subsidiary of Reliance Life Sciences, has been set up to provide clinical research services to pharmaceutical, biotechnology, and medical device companies.[8]
  • Reliance Solar, the solar energy initiative of Reliance, aims to bring solar energy systems and solutions primarily to remote and rural areas and bring about a transformation in the quality of life.[9]
  • Relicord is a stem-cell banking service controlled by Reliance Industries.[10]
  • Infotel Broadband is a broadband service provider which gained 4G licensees for operating across India, now it is wholly owned by RIL for ₹4,800 crore (US$580 million).[11]

Reliance Industrial Infrastructure Limited

Reliance Industrial Infrastructure Limited (RIIL)[12] 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. 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 Patalaganga, Maharashtra. The pipeline carries petroleum products including naptha 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 70,000 kilolitre petrochemical product storage and distribution terminal at the Jawaharlal Nehru Port Trust (JNPT) Area in Maharashtra. 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.

Reliance Retail

See Reliance Retail

Reliance Retail is the retail business wing of the Reliance business. Many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance Trendz, 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.

Environmental record

Reliance Industry 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 this large amount of waste, they had to create a way to recycle the waste. They operate the largest polyester recycling centre that uses the polyester waste as a filling and stuffing. They developed an innovative recycling process resulting in an award in 'Team Excellence'.[13]

Reliance owns world's largest refinery in Jamnagar which is a "zero discharge" refinery. Effluent treatment plants based on the best available technology processes the waste released and convert waste in to usable product. Reliance has also planted more than 5 million trees around this refinery in order to reduce the carbon foot print.

Awards and recognition

  • International Refiner of the Year in 2005 at the 23rd Annual Hart's World Refining and Fuels Conference[14]
  • According to survey conducted by Brand Finance and The Economic Times in 2010, Reliance is the second most valuable brand in India.[15]
  • The Brand Trust Report, 2011 has ranked Reliance industries as the 6th most trusted brand in India.[16]
  • 'Responsible Care Company' awarded by the American Chemistry Council, USA in March, 2012[17]
  • RIL has been ranked at 20th position across the world, on the basis of sales, in the ICIS[18] Top 100 Chemicals Companies list.

References

  1. ^ a b c d e "Financial Highlights". RIL Financial Highlights.
  2. ^ "RIL Subsidiaries & Associates".
  3. ^ "RIL one of the most valuable company in India". CNBC-TV18. 14 October 2011.
  4. ^ "Reliance Industries". Fortune Global 500. Retrieved 6 June 2011.
  5. ^ "About us, Reliance Life Sciences". Retrieved 3 March 2010.
  6. ^ "Welcome to Reliance Institute of Life Sciences". Retrieved 5 November 2011.
  7. ^ "About us, Reliance Logistics". Retrieved 3 March 2010.
  8. ^ "Reliance Clinical Research Services — About". Retrieved 5 November 2011.
  9. ^ "About us, Reliance Solar". Retrieved 3 March 2010.
  10. ^ "About us, Relicord". Retrieved 3 March 2010.
  11. ^ "Reliance Industries buys 95% stake in Infotel Broadband for Rs 4,800 cr". The Times Of India. 12 June 2010. Retrieved 11 June 2010.
  12. ^ Shah, Manan. "Company History". money control.
  13. ^ Bhatt, Hari (2006). "Reliance Industries award". Findarticles.com. Retrieved 20 August 2010. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help) [dead link]
  14. ^ http://www.ril.com/rportal/jsp/eportal/media/PressRelease.jsp?id=332
  15. ^ "India's top 10 brands". business.rediff.com. Retrieved 26 October 2010.
  16. ^ ": Videos". Moneycontrol.com. Retrieved 29 April 2012.
  17. ^ "RIL gets certified as 'Responsible Care Company'". 04/03/2012. Retrieved 9 April 2012. {{cite news}}: Check date values in: |date= (help)
  18. ^ "RIL among world's largest chemical firms". The Hindu. 29 November 2010. Retrieved 9 April 2012.

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