Reliance Industries Limited (RIL)
India services 60 million visitors at its petrol pumps every day with a daily consumption of about 5 million barrels.
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
- Gross consolidated revenue in the third quarter of FY23 stood at Rs. 240,963 crore (US$ 29.21 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 |
|---|---|
| 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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