Reliance Industries Limited- RIL History, Profile, Company Overview & News {Latest}

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The Indian multinational corporation Reliance Industries Limited is headquartered in Mumbai. It is India’s ninth-largest employer, employing over 236,000 people.

Reliance Industries Ltd

About Reliance Industries Limited (RIL): Among its many interests are energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is one of India’s most profitable companies, the largest publicly traded corporation by market capitalization, and the largest company by sales RIL had a market capitalization of 243 billion dollars as of March 31, 2022.

The company is ranked 155th on the Fortune Global 500 list of the world’s largest corporations as of 2021. Reliance is India’s leading exporter, accounting for 8% of total merchandise exports and having access to over 100 overseas markets. Reliance generates over 5% of the government of India’s total revenue from customs and excise duty.

It is also India’s largest private sector income taxpayer. The free cash flows of the corporation are negative. Reliance Industries was the first Indian company to earn more than $100 billion in revenue.

Reliance Industries-History

Dhirubhai Ambani and Champaklal Damani founded Reliance Commercial Corporation in the 1960s. The partnership ended in 1965, and Dhirubhai continued the company’s polyester business. Reliance Textiles Engineers Pvt. Ltd. was founded in Maharashtra in 1966. It opened a synthetic fabric mill in Naroda, Gujarat, the same year. On May 8, 1973, it was renamed Reliance Industries Limited.

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Reliance Industries-Shareholding

The total value of RIL shares is around 644.51 billion (6.44 billion). The promoter group, the Ambani family, owns around 49.38 percent of the total shares, while public shareholders, such as FIIs and businesses, own the remaining 50.62 percent. Life Insurance Corporation of India is the company’s largest non-promoter stakeholder, owning 7.98 percent.

In January 2012, the company launched a share repurchase programme in which it will acquire up to 12 crore (120 million) shares for Rs. 10,400 crore (US$1.5 billion). By the end of January 2013, the company has repurchased 4.62 billion (46.2 million) shares for a total of $3,366 billion (US$420 million).

Reliance Industries-Operations

The company’s core activity comprises petrochemical, refining, and oil and gas-related operations; other divisions include textile, retail business, telecommunications, and special economic zone (SEZ) development. In 2012-13, refining accounted for 76% of its income, while petrochemicals accounted for 19%, oil and gas accounted for 2%, and other categories accounted for 3%.

Reliance Industries Ltd Share Price

RIL announced in July 2012 that it would invest $1 billion over the next few years in its new aerospace division. This branch will create equipment and components for military and civilian aircraft, helicopters, unmanned aerial vehicles, and aerostats.

The corporation had 347 subsidiary companies and 150 affiliate companies as of 31 March 2021.

Reliance Industries-Employees

As of March 31, 2018, the organisation had 29,533 permanent employees, 1,521 of them were women and 70 had disabilities. On the same day, it employed a total of 187,729 employees, including 158,196 temporary workers. The attrition rate was 7.5 percent, according to the company’s 2011-12 Sustainability Report. According to the organization’s most recent report, the same attrition rate has climbed to 23,4 percent as of March 2015.

The chairman addressed shareholders at the company’s 39th Annual General Meeting of the company’s plans to invest around 1,500 billion ($19 billion) over the next three years. This would be accompanied by a 35,000-to-120,000-person growth in the Retail sector over the next three years, and a 3,000-to-10,000-person boost in the Telecom division over the next twelve months.

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Reliance Industries- Awards and recognition

1. In 2017 International Refiner of the Year, Global Refining and Petrochemicals Congress

2. International Refiner of the Year in 2013 at the HART Energy-hosted 27th World Refining & Fuel Conference. RIL has got this award for its Jamnagar Refinery for the second time since 2005.

3. According to the Brand Trust Report, Reliance Industries was the seventh most trusted brand in India in 2013 and 2014.

4. RIL was named a “Responsible Care Company” by the American Chemistry Council in March 2012.

5. In 2012, RIL was ranked 25th among the ICIS Top 100 Chemicals Companies based on global sales.

6. RIL received the National Golden Peacock Award in 2011 for its contributions to business sustainability.

7. According to Boston Consulting Group (BCG), Reliance Industries is the world’s fifth largest sustainable value producer, based on investor returns over ten years.

Key Points:

  • Reliance Industries was the first Indian company to earn more than $100 billion in revenue.
  • RIL was named a “Responsible Care Company” by the American Chemistry Council in March 2012.
  • Boston Consulting Group (BCG),

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