Reliance Industries Limited (RIL)
Primary energy demand is expected to nearly double to 1,123 million tonnes of oil equivalent, as the country's gross domestic product (GDP) is expected to increase to US$ 8.6 trillion by 2040.
Reliance Industries Limited is engaged in refining, including manufacturing of refined petroleum products, and petrochemicals, including manufacturing of basic chemicals, fertilizers and nitrogen compounds, plastic, and synthetic rubber in primary forms. The company's segments include refining, petrochemicals, oil and gas, organized retail, and others. The Refining segment include production and marketing operations of the petroleum products. The Petrochemicals segment include production and marketing operations of petrochemical products, including polyethylene, polypropylene, polyvinyl chloride, poly butadiene rubber, butadiene, acrylonitrile, caustic soda, and polyethylene terephthalate. The oil and gas segment include exploration, development and production of crude oil and natural gas. The organized retail segment includes organized retail business in India. The ‘others’ segment include textile, special economic zone (SEZ) development, telecom or broadband business and media.
- Owns the world’s largest refining hub with a capacity of 1.4 million barrels per day
- Operates across upstream and downstream
- Total revenue from operations in the third quarter of FY24 stood at Rs. 10,00,122 crore (US$ 119.9 billion).
- Reliance Petroleum has a network of more than 1,300 fuel retail outlets spread across the country
Reliance Industries Limited (RIL) – Growth is life
| Year | Milestone |
|---|---|
| 2023 |
In August 2023, Brookfield Asset Management has signed a Memorandum of Understanding (MoU) with Reliance Industries, a Fortune 500 company and India’s largest private sector enterprise, to explore opportunities to manufacture renewable energy and decarbonization equipment in Australia. On June 30, 2023, Reliance Industries Limited (RIL) and bp p.l.c. confirmed the commencement of production from the MJ field, following testing and commissioning activities. The MJ field represents the last of three major new deepwater developments the RIL-bp consortium has brought into production in block KG D6 off the east coast of India. Reliance is auctioning natural gas extracted from coal seams at prices linked to Brent crude oil price. Reliance is seeking a minimum US$ 12.75 per million British thermal units for coal bed methane (CBM) from a block in the Shahdol district of Madhya Pradesh. Jio-bp, formerly known as Reliance Petroleum, owned by Reliance Industries, has launched a revolutionary diesel for trucks with active technology that promises to enhance fuel economy and reduce maintenance costs. |
| 2022 |
Reliance Industries placed an order for robots with 5G technology worth around US$ 1 billion, spread over four-to-five years, from Addverb Technologies. RIL, which operates the world's largest oil refining complex, is planning to re-purpose a Rs. 30,000 crore (US$ 3.93 billion) plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for US$ 1.2-1.5 a kilogram. This is in line with RIL’s plan to become one of the largest producers of blue hydrogen worldwide. |
| 2021 |
In July 2021, Reliance announced to start gas production from MJ field from October-December 2022. In April 2021, Reliance Industries Limited (RIL) and BP announced the start of production at the Satellite Cluster gas field in block KG D6 (off the Eastern coast of India). In February 2021, Reliance Industries increased its stake in US-based technology company skyTran to 54.46%, making it the fourth investment since 2018 |
| 2020 |
On July 10, 2020, Reliance Industries and BP India formed a new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML), to provide consumers with advanced fuels with lower emissions, electric vehicle charging and other low carbon solutions. Reliance Industries acquired the retail & wholesale business and the logistics & warehousing business of Future Group worth Rs. 24,713 crore (US$ 3,400 billion). Became the first Indian company to cross Rs. 10 lakh crore (US$ 143 billion) in market capitalization |
| 2019 |
Aramco planned to invest Rs. 1.04 lakh crore (US$ 15 billion) in Reliance Industries Limited |
| 2018 |
Became the first Indian company to surpass Rs 8 lakh crore (US$ 122.85 billion) in market capitalisation and crosses 300 million customer mark |
| 2016 |
Launched Reliance Jio |
| 2010 |
Forays into the broadband sector with acquisition of Infotel Broadband Services |
| 2006 |
Entered the retail market with the launch of 'Reliance Fresh' |
| 2005-06 |
Identified itself in four major businesses: Power generation, Power distribution, Financial Services and Telecommunications |
| 2002 |
Discovered gas in the Krishna-Godavari basin; the first discovery by a private player |
| 1998-99 |
Introduced packaged LPG gas cylinders |
| 1995-96 |
Enters into the telecommunications industry in a Joint Venture (JV) with NYNEX, USA |
| 1996 |
Became the first private company in the country to be rated by international credit rating agencies |
| 1985 |
Renamed as Reliance Industries Limited |
| 1977 |
Reliance Textile Industries launches Initial Public Offering (IPO) |
| 1966 |
Started as a small textile manufacturer by Mr Dhirubai Ambani |
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