Background

Reliance Industries Ltd (RIL) was initially incorporated by Dhirubhai Ambani, as a textile company. In 1977, the company came out with an IPO. The company’s telecommunications, financial services and coal & gas based energy businesses got demerged in 2005. In 2007, the company merged IPCL with itself. The company’s business segment comprises of petrochemicals, refining, oil & gas and others

Business Profile

RIL carries out E&P of crude oil and natural gas, refining of LPG, propylene, naphtha, gasoline etc. The company also provides polymers, polyester, fibre intermediates, plastics and chemicals. Some of RIL’s brands include Vimal, Harmony, V2 in textiles, Reliance Gas in refining, Recron in polyester, Repol and Relene in polymers. RIL has four E&P basin in India and 11 international blocks. RIL also operates a chain of more than 900 retail stores through its subsidiary Reliance Retail Ltd. In FY09, the petroleum products of the company contributed 83% and petrochemicals contributed 17% to the total exports. During 2009, RIL commissioned KG-D6 oil and gas production fields at Jamnagar in Gujarat. During the same period, the company signed a gas sale and purchase agreement with nine power sector customers which include Gautami Power, GVK Industries, Torrent Power, Lanco Kondapalli Power amongst others. In FY09, the company merged Reliance Petroleum Ltd with itself.