Reliance Industries

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India Company Latest News And Updates

RIL closes shale gas assets sale deal
July 10, 2015 06:00 PM
Oil refiner-to-retail major Reliance Industries on Friday announced the closing of the recently announced sale of its shale gas assets in EFS Midstream to an affiliate of Enterprise Products Partners. According to the company, its subsidiary Reliance Holding USA announced the closing of the recently announced sale. In a joint transaction announced on May 31, Reliance and Pioneer Natural Resources Company agreed to sell their respective ownership interests (49.9 percent and 50.1 percent) in EFS to an affiliate of Enterprise Product Partners for an aggregate consideration of $2,150 million. Source: IANS
Industrialists promise investments for Digital India
July 02, 2015 10:36 AM
In the “Digital India Week” programme launched by Prime Minister Narendra Modi on Wednesday, India Inc. committed an investment of Rs.450,000 crore (some $75 billion) for the initiative that seeks to empower citizens by deploying IT and associated tools. The industry leaders who promised investments were: Reliance Group's Anil Ambani -- Rs.10,000 crore, Reliance Industries' Mukesh Ambani -- Rs.250,000 crore, Aditya Vikram Birla Group's Kumarmangalam Birla - Rs.420 billion ($7 bn) in the next five years of which they will invest Rs.120 billion ($2 bn) in Digital India areas, Bharti Group's Sunil Mittal - Rs.1 lakh crore ($16 billion), Vedanta's Anil Agarwal - Rs.40,000 crore, Delta Electronics' Ping Cheng - Rs.30 billion ($500 million) and Nidec Corporation's Mikio Katayama - Rs.60 billion ($1 billion). Source: IANS
RIL's KG-D6 gas field development rests on price outlook
June 30, 2015 11:58 AM
The Reliance Industries (RIL)-led consortium partner in the eastern offshore KG-D6 block, Niko Resources of Canada, on Monday said it may defer development of the R-Cluster and other satellite gas fields if the gas price outlook remains uncertain. The consortium, that includes British major BP, has made 19 oil and gas discoveries in the KG-DWN-98/3 block in the offshore Krishna-Godavari basin, while only three gas fields have been brought to production. Development plans for five other discoveries have been approved. "The development of these discoveries is dependent on the future economic viability of the required investments," Niko said in its Annual Information Form for 2014-15. Source: IANS
Reliance Communications, Sistema Shyam in merger talks
June 16, 2015 10:36 AM
Industrialist Anil Ambani-led Reliance Communications on Monday said that it has entered into exclusive talks with the Russia-based Sistema for a potential merger of its Indian arm through a stock swap. Analysts see a strategic fit between the two compaies. "The discussions are indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals, as may be necessary. There is no certainty that any transaction will result," the company said in a filing with stock exchanges. While Reliance Communications claims a subscriber base of more than 118 million in voice and data market with a pan-India presence, Sistema Shyam TeleServices, the Indian arm of the Russian group, claims 10 million across nine circles under the MTS brand. Source: IANS
Reliance Jio launch by December, devices from Rs.4,000
June 12, 2015 02:27 PM
Reliance Industries on Friday announced that its broadband services will be launched by December this year and 4G devices under its own brand name Jio will be available from Rs.4,000. The company said that it has invested Rs.100,000 crore in this business. "We are currently in the pre-launch testing and stabilization phase of this large and complex network. Over the next few months, we will initiate an extensive beta-launch involving millions of friendly customers across all our markets," chairman Mukesh Ambani told shareholders in Mumbai. Source: IANS

Reliance Industries Limited is the largest private sector company in India and was established by Dhirubhai H. Ambani. The Reliance Group of industries is earning annual revenues in excess of US$ 22 billion, having ventured into sectors such as materials value chain and energy.

Reliance Group has explored its business endeavors in core industries such as:
  • Petrochemicals
  • Petroleum refining
  • Polyester
  • Plastics
  • Chemicals
  • Oil and Gas
  • Fiber intermediaries
  • Textiles
  • Retail
Reliance Industries is the global leader in polyester yarn and fiber production and is among the top most manufacturers of petrochemicals. In the field of petrochemicals, Reliance is the 4th largest producer of paraxylene, 5th largest producer of purified terepthalic acid, and 7th largest producer of polypropylene.

The business operations of Reliance are classified into 3 segments viz., Petrochemicals, Petroleum Refining and Marketing, and Natural Gas and Crude Oil Exploration. Reliance's manufacturing operations are located at Jamnagar, Patalganga, Naroda, and Hazira. A brief description of Reliance's manufacturing units is given below:

  • Jamnagar: It is the 3rd largest refinery in the world. Jamnagar refinery of Reliance Industries started operations in 1999. Today it covers an area of 7,400 acres.

  • Naroda: Manufactures synthetic textiles, woven and knitted fabrics, dress materials, synthetic and worsted suiting and shirting, home textiles, saris, and ready-to-wear garments.

  • Hazira: Covering a land of 700 acres, the Hazira Complex has Naphtha cracker plants of Polyesters, fiber intermediaries, and plastics.

  • Patalganga: A 200 acre complex that manufactures fiber intermediaries, polyester, benzene, and linear alkyl plants.
Reliance Industries Limited has established ethical values in all its businesses. They believe in the core values of citizenship, responsibility, fairness, honesty, integrity, respect, purposefulness, trust, and care.

Reliance Industries has contributed to the society in various ways. Reliance Industries runs several institutions such as Dhirubhai Ambani International school and Sir Hurkisondas Nurrotumdas Hospital and Research Center. It also helps through the Reliance Kargil Scholarship Scheme, Dhirubhai Ambani Scholars Scheme, and many more.

Reliance Industries Limited is committed to its policy of meeting customer demands through quality management, visionary leadership, and effective innovation.

Last Updated on June 26, 2015

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