PUNJAB TECHNICAL UNIVERSITY PROJECT RELIANCE INDUSTRIES LTD.

BY :- SONAL CHHABRA Under the Guidence Of Miss. Ruchi Sharma (Lect. In Management) Submitted to the Punjab Technical University In the partial fulfillment of the requirements For the degree of Post Graduate in Masters Of Business Administration

ACKNOWLEDGEMENT
If practical knowledge carves and sharps the carrier of a person, practical experience polishes it and adds luster and brilliance to it.Here, we found this golden chance to acknowledge all those people who had blessed, encouraged and supported us technically and morally through all the phases of our project. we take this opportunity to express our profound sense of gratitude. We thank almighty God for giving us this opportunity to express this gratitude of all those who helped in successful completion of this project. We extend our fort right thanks to our family and friends for their moral support and encouragement throughout our project report without which we would not have been able to fight all odds during our project.

Reliance Group
The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of US$ 58 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India. Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies, Reliance pursued a strategy of backward vertical integration - in polyester, fibre intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production - to be fully integrated along the materials and energy value chain. The Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones. Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. Major Group Companies are Reliance Industries Limited, including its subsidiaries and Reliance Industrial Infrastructure Limited. "Growth has no limit at Reliance. I keep revising my vision.

Only when you can dream it, you can do it." Dhirubhai H. Ambani
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Founder Chairman Reliance Group

December 28, 1932 - July 6, 2002 Dhirubhai Ambani founded Reliance as a textile company and led its evolution as a global leader in the materials and energy value chain businesses. He is credited to have brought about the equity cult in India in the late seventies and is regarded as an icon for enterprise in India. He epitomized the spirit 'dare to dream and learn to excel'. The Reliance Group is a living testimony to his indomitable will, single-minded dedication and an unrelenting commitment to his goals. "Between my past, the present and the future, there is one common factor: Relationship and Trust. This is the foundation of our growth."

Shri Dhirubhai H. Ambani Founder Chairman Reliance Group December 28, 1932 - July 6, 2002

A tribute
The world, they say, steps aside for the man who knows where he is going Our respected Chairman, Shri Dhirubhai Ambani was an exceptional human being and an outstanding leader. A man far ahead of his times, he epitomised the dauntless entrepreneurial spirit. He dared to dream on a scale unimaginable before in Indian industry. His life and achievements prove that backed by confidence, courage and conviction, man can achieve the impossible. From a humble beginning, he went on to create an enviable business empire within a span of just 25 years. The Reliance Group is a living testimony to his indomitable will, singleminded dedication and an unrelenting commitment to his goals.

Dhirubhai H. Ambani Founder Chairman Reliance Group December 28, 1932 - July 6, 2002 Under Shri Dhirubhai Ambani's visionary leadership, the Reliance Group emerged as the largest business conglomerate in India, and carved out a distinct place for itself in the global pantheon of corporate giants. The Group's track record of consistent growth is unparalleled in Indian industry and perhaps internationally too. Today, the Group's turnover represents nearly 3 percent of India's GDP. Shri Dhirubhai Ambani was not just firmly rooted in traditional Indian values, but was also the quintessentially modern man, the man of the new millennium. This was clearly reflected in his passion for mega-sized projects, the most advanced technology and the highest level of productivity. The corporate philosophy he followed was short, simple and succinct - "Think big. Think differently. Think fast. Think ahead. Aim for the best".He inspired the Reliance team to do better than the best - not only in India but in the world. Prestigious awards and titles were conferred on him by national and international organisations. He was acclaimed as the top businessman of the twentieth century and lauded for his dynamic, pioneering and innovative genius. His success story fired the imagination of the younger generation of Indian entrepreneurs, business leaders and progressive companies. He was an icon for them, a role model to be emulated. The number of revolutionary precedents set by Shri Dhirubhai Ambani are legion. His unique vision redefined the potential of the Indian corporate sector as he challenged conventional wisdom in several areas. From Reliance Family

Board of Directors of Reliance Industries Limited

Shri Mukesh D. Ambani Chairman & Managing Director

Shri Nikhil R. Meswani Executive Director

Shri Hital R. Meswani Executive Director

Shri M. P. Modi

Shri PMS Prasad Executive Director

Shri P.K.Kapil Executive Director

Shri Ramniklal H. Ambani

Dr. Raghunath Anant Mashelkar

Shri Mansingh L. Bhakta

Shri Yogendra P. Trivedi

Dr. D. V. Kapur

Prof. Ashok Misra

Prof. Dipak C Jain

Growth through Governance

Reliance is in the forefront of implementation of Corporate Governance best practices

Corporate Governance at Reliance is based on the following main principles:

Constitution of a Board of Directors of appropriate composition, size, varied expertise and commitment to discharge its responsibilities and duties.

Ensuring timely flow of information to the Board and its Committees to enable them to discharge their functions effectively.

Independent verification and safeguarding integrity of the Companys financial reporting.

A sound system of risk management and internal control. Timely and balanced disclosure of all material information concerning the Company to all stakeholders.

Transparency and accountability. Compliance with all the applicable rules and regulations. Fair and equitable treatment of all its stakeholders including employees, customers, shareholders and investors.

For those who study innovative organizations Reliance Industries will be a shining example of how innovation is practised in almost everything that they do. Here are few things that set them apart:

"Impossible is an inspiring word" - Nothing turns on the leadership at Reliance Industries than this magical word. Again to quote the Jamnagar example, it was considered impossible to turn a barren land into a greenbelt. Today mangoes grown in Jamnagar are sold in Harrods London.

"Hands on thinking, hands off execution." - It is characteristic of Reliance leadership. They think everything through and meticulous planning is their hall mark. When it comes to execution empowerment delegation down to the last employee in the chain is clearly demonstrated.

"First time it is learning. Second time it is a mistake." - Mistakes are never frowned upon; instead they are treated as a learning opportunity. It is one such mistake converted to learning that created the world's largest 'Craft Centre' located at Jamnagar. Cumulatively it has trained 1, 50,000 workmen - electricians, welders, carpenters.

"Sense of urgency" - Reliance speed is legendary now. Reliance has mastered project management skills and has made it virtually into a fine art. It is this sense of speed that restored operations in record time in Jamnagar, Patalganga and Hazira after being affected by cyclones and floods.

"Think. Anticipate. Be prepared." Part of meticulous thinking is the ability to anticipate problems. "Every transformation initiative will face resistance. It is our job to anticipate the resistance, take the responsibility to earn the respect of all stakeholders to create a win-win business model."

"Dreams and Vision are the most potent fuels in the world." - This is an unmistakable Reliance hallmark espoused both by the founder Chairman Sh. Dhirubhai Ambani and the current Chairman Sh. Mukesh Ambani. To a question on what would be his next big ambition Sh. Mukesh Ambani answered "Rural transformation. Creating direct employment for half a million people in rural India. Creating a supply chain that the world will envy."

"Measuring success differently" - Developing a metric to measure how much money was spent, is just one example of inspiring people to think and act differently and effectively.
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"Asking the right questions." - Reliance Leadership excels in asking the right questions. The company folklore is replete with examples of deceptively simple questions, leading on to incredible outcomes. Commonsense is the bedrock of such thinking.

"Hard work, timely decisions, speed and ingenuity" says one of the senior managers of Reliance Industries to sum up what Reliance is all about. It is evident that Reliance Industries is where it is today because of Innovation in thinking and execution. Given its ambition for India and its own organization Reliance leadership has now taken on a major initiative in the innovation domain. The leadership of RIL recognizes that its biggest competitive advantage and differentiator in the future would be innovation. Innovation has to become the language, the behaviour definer, the culture and the soul of Reliance, even more explicitly than ever before. A Reliance Innovation Council (RIC) has been established to provide the vision to the innovation movement at RIL. The Council comprises global business and science thought leaders such as:

Dr. R. A. Mashelkar Mr. Mukesh D. Ambani Professor Robert H. Grubbs Dr. William A. Haseltine Professor Jean-Marie Lehn Dr. George M. Whitesides

This powerful group of thought leaders will set the innovation agenda for the future of RIL. To serve the Reliance Innovation Council, RIL has set up the Reliance Innovation Leadership Centre in Pune. The mandate of this centre is to implement the innovation agenda of RIL. The innovation agenda hinges around 4 key elements
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Build innovation leaders of today and tomorrow within RIL; Deploy best and next transformational innovative practices that will impact the country and the business;

Develop new business based on emerging and disruptive technology; Strategically deploy a corporate venture capital fund to maximize value

The Centre acts as a catalyst in providing leadership and support to the business of RIL by harnessing cutting-edge, futuristic but practical, science, technology and innovation initiatives from both within and outside the organization. It will serve as a Nerve Centre with the sole quest of propelling RIL to the forefront of global business leadership. Reliance Technology Group (RTG): Delivering Value through Innovative Technology Solutions Research & Development (R&D), Proprietary Technology Development, and Continuous Innovation drive RILs agenda for achieving growth and profitability, besides ensuring sustainability and helping the company take a leap in rural transformation. The Reliance Technology Group (RTG), RIL Groups integrated, central technology organization, helps create superior value by harnessing internal R&D skills and competencies and by innovating in emerging technology domains related to RILs various businesses. Besides participating in various collaborative projects in India and overseas, the RTG does research and development work in cutting-edge technologies, such as fuel cells, carbon fibers, bio-fuels, and gasification of several types of feedstock, etc. The RTG also creates business value and competitive advantage for RIL by selecting, buying and customizing the right technology - at the right cost and at the right time - and is geared to meet the current and future needs of the company through some of the following initiatives:

Identification of the technology needs of various businesses of the RIL Group and top-level coordination to ensure seamless technology integration across all businesses and manufacturing facilities

Ensuring economies of scale and optimization of selected technologies through a high performance work culture, and on a real-time basis

Maximizing value from current assets and creating new growth opportunities through a process-centric approach

Growth through Governance

Reliance is in the forefront of implementation of Corporate Governance best practices Corporate Governance at Reliance is based on the following main principles:

Constitution of a Board of Directors of appropriate composition, size, varied expertise and commitment to discharge its responsibilities and duties.

Ensuring timely flow of information to the Board and its Committees to enable them to discharge their functions effectively.

Independent verification and safeguarding integrity of the Companys financial reporting.

A sound system of risk management and internal control. Timely and balanced disclosure of all material information concerning the Company to all stakeholders.

Transparency and accountability. Compliance with all the applicable rules and regulations. Fair and equitable treatment of all its stakeholders including employees, customers, shareholders and investors.

Our Committee Growth through Commitments

1. Quality 2. Research & Development 3. Health, Safety & Environment 4. Human Resource Development 5. Energy Conservation 6. Corporate Citizenship Reliance believes that any business conduct can be ethical only when it rests on the nine core values of Honesty, Integrity, Respect, Fairness, Purposefulness, Trust, Responsibility, Citizenship and Caring. The essence of these commitments is that each employee conducts the company's business with integrity, in compliance with applicable laws, and in a manner that excludes considerations of personal advantage. We do not lose sight of these values under any circumstances, regardless of the goals we have to achieve. To us, the means are as important as the ends.

For Reliance Growth is care for good health

Reliance's occupational health centers carry out pre-employment and periodic medical checkups as well as other routine preventive services. Specialised tests like biological monitoring, health risk assessment studies and audits for exposure to various materials are also performed. Health education and awareness form an integral part of the health care programme at Reliance

Growth is care for safety

We believe that the safety of each employee is the responsibility of the individual as well as of the whole community of employees

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Growth is care for the environment

Reliance believes that a clean environment in and around the workplace fosters health and prosperity for the individual, the group and the larger community to which they belong. Environmental protection is an integral part of the planning, design, construction, operation and maintenance of all our projects.

Growth is betting on our people

Reliance builds with care a workplace that proactively fosters professional as well as personal growth. There is freedom to explore and learn; and there are opportunities that inspire initiative and intrinsic motivation. We believe that people must dream to achieve, that these dreams will drive the company's excellence in all its businesses. Reliance thinks, behaves, lives and thrives with a global mindset, encouraging every employee to reach his / her full potential by availing opportunities that arise across the group.

Growth is thinking beyond business

As corporate citizens, we invest in social infrastructure, believing strongly that our business strength fuels our social contributions. To this end, Reliance encourages, funds and develops numerous education, health, human capital and infrastructure initiatives. These initiatives are undertaken through partnerships with non-governmental organizations, corporates and trusts.

Quality

Jamnagar Manufacturing Division DTA Refinery has been conferred with the Institute of Engineers' 'Safety Innovation Award' for the year 2010, organized by the Safety and Quality Forum of the Institute of Engineers.

Dahej Manufacturing Division's Quality Control Department (QCD) (Sangchhatvam) and GCU (Uday) plant won the "Par Excellent" award and

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RGSS (Suraksha) won the "Distinguished" award at the "24th Annual National Convention on Quality Concepts" (NCQC - 2010).

Dahej Manufacturing Division's QCD (Sangchhatvam), GCU (Uday) and RGSS (Suraksha) won Gold Award and EOEG (Drishti) won Silver Award at the "21st Gujarat State Level Annual Convention on Quality Concepts 2010".

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Board Committees
The Board has established the following Committees to assist the Board in discharging its responsibilities: 1) Audit Committee 2) Remuneration Committee 3) Shareholders'/Investors' Grievance Committee 4) Finance Committee 5) Health, Safety and Environment Committee 6) Corporate Governance and Stakeholders' Interface Committee 7) Employees Stock Compensation Committee The Board has adopted charters setting forth the roles and responsibilities of each of the above Committees as well as qualifications for Committee membership, procedures for Committee members' appointment and removal, Committee structure and operations and reporting to the Board. The Board may constitute new Committees or dissolve any existing Committee, as it deems necessary for the discharge of its responsibilities.

Audit Committee
Composition : Shri Y P Trivedi (Chairman) Shri M.P. Modi Dr. R. A. Mashelkar Objective : The Audit Committee assists the Board in its responsibility for overseeing the quality and integrity of the accounting, auditing and reporting practices of the Company and its compliance with the legal and regulatory requirements. The Committee's purpose is to oversee the accounting and financial reporting process of the Company, the audits of the Company's financial

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statements, the appointment, independence, performance and remuneration of the statutory auditors, the performance of internal auditors and the Company's risk management policies. Terms of Reference : The terms of reference / powers of the Audit Committee are as under : A. Powers of the Audit Committee: 1. To investigate any activity within its terms of reference. 2. To seek information from any employee. 3. To obtain outside legal or other professional advice. 4. To secure attendance of outsiders with relevant expertise, if it considers necessary. B. The role of the Audit Committee includes: 1. Oversight of the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statements are correct, sufficient and credible. 2. Recommending to the Board, the appointment, reappointment and, if required, the replacement or removal of Statutory Auditors and fixation of audit fees. 3. Approval of payment to Statutory Auditors for any other services rendered by the Statutory Auditors. 4. Reviewing with the management, the annual financial statements before submission to the Board for approval, with particular reference to:

Matters required to be included in the Directors' Responsibility Statement to be included in the Directors' Report in terms of subsection (2AA) of Section 217 of the Companies Act, 1956.

Changes, if any, in accounting policies and practices and reasons for the same.
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Major accounting entries involving estimates based on the exercise of judgment by the management.

Significant adjustments made in the financial statements arising out of audit findings.

Compliance with listing and other legal requirements relating to financial statements.

Disclosure of related party transactions. Qualifications in draft audit report.

5. Reviewing with the management, the quarterly financial statements before submission to the Board for approval. 6. Reviewing with the management, the performance of Statutory and Internal Auditors, adequacy of internal control systems. 7. Reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure, coverage and frequency of internal audit. 8. Discussion with Internal Auditors, any significant findings and follow up thereon. 9. Reviewing the findings of any internal investigations by the Internal Auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board. 10. Discussion with Statutory Auditors before the audit commences, about the nature and scope of audit as well as post audit discussion to ascertain any area of concern.

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11. To look into the reasons for substantial defaults, if any, in the payment to the depositors, debenture holders, shareholders (in case of non payment of declared dividends) and creditors. 12. To review the functioning of the Whistle Blower Mechanism. 13. Carrying out such other functions as may be specifically referred to the Committee by the Board of Directors and/or other Committees of Directors of the Company. 14. To review the following information :

The management discussion and analysis of financial condition and results of operations;

Statement of significant related party transactions (as defined by the Audit Committee), submitted by management;

Management letters/letters of internal control weaknesses issued by the Statutory Auditors;

Internal audit reports relating to internal control weaknesses; and The appointment, removal and terms of remuneration of Internal Auditors.

15. Reviewing the financial statements and in particular the investments made by the unlisted subsidiaries of the Company. 16. Review of uses/application of funds raised through an issue (public issue, rights issue, preferential issue, etc.).

Corporate Governance and Stakeholders' Interface (CGSI) Committee

Composition : Shri Y P Trivedi (Chairman)

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Dr. D.V. Kapur Shri M.P. Modi Terms of Reference : The terms of reference of the Corporate Governance and Stakeholders' Interface Committee, inter alia, include the following: 1. Observance of practices of Corporate Governance at all levels and to suggest remedial measures wherever necessary. 2. Provision of correct inputs to the media so as to preserve and protect the Company's image and standing. 3. Dissemination of factually correct information to the investors, institutions and public at large. 4. Interaction with the existing and prospective FIIs and rating agencies, etc. 5. Establishing oversight on important corporate communication on behalf of the Company with the assistance of consultants/advisors, if necessary 6. Ensuring institution of standardised channels of internal communications across the Company to facilitate a high level of disciplined participation. 7. Recommendation for nomination of Directors on the Board.

Employees Stock Compensation Committee

Composition : Shri Y.P. Trivedi (Chairman) Shri Mukesh D. Ambani Shri M.P. Modi Prof. Dipak C. Jain Terms of Reference : The Committee was formed inter alia to formulate detailed terms and conditions of the Employees Stock Option Scheme including: 1. The quantum of options to be granted under Employees Stock Option Scheme per employee and in aggregate;

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2. The conditions under which option vested in employees may lapse in case of termination of employment for misconduct; 3. The exercise period within which the employee should exercise the option and that the option would lapse on failure to exercise the option within the exercise period; 4. The specified time period within which the employee shall exercise the vested options in the event of termination or resignation of an employee; 5. The right of an employee to exercise all the options vested in him at one time or at various points of time within the exercise period; 6. The procedure for making a fair and reasonable adjustment to the number of options and to the exercise price in case of corporate actions such as rights issues, bonus issues, merger, sale of division and others; 7. The grant, vest and exercise of option in case of employees who are on long leave; and 8. The procedure for cashless exercise of options, if any.

Finance Committee
Composition : Shri Mukesh D. Ambani (Chairman) Shri Nikhil R. Meswani Shri Hital R. Meswani Terms of Reference : 1. Review the Company's financial policies, risk assessment and minimisation procedures, strategies and capital structure, working capital and cash flow management and make such reports and recommendations to the Board with respect thereto as it may deem advisable. 2. Review banking arrangements and cash management.

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3. Exercise all powers to borrow moneys (otherwise than by issue of debentures) within the limits approved by the Board and taking necessary actions connected therewith including refinancing for optimisation of borrowing costs. 4. Giving of guarantees/issuing letters of comfort/ providing securities within the limits approved by the Board. 5. Borrow monies by way of loan and/or issuing and allotting bonds/notes denominated in one or more foreign currencies in international markets, for the purpose of refinancing the existing debt, capital expenditure, general corporate purposes including working capital requirements and possible strategic investments within the limits approved by the Board. 6. Provide corporate guarantee/performance guarantee by the Company within the limits approved by the Board. 7. Approve opening and operation of Investment Management Accounts with foreign banks and appoint them as agents, establishment of representative/sales offices in or outside India etc. 8. Carry out any other function as is mandated by the Board from time to time and/or enforced by any statutory notification, amendment or modification as may be applicable. 9. Other transactions or financial issues that the Board may desire to have them reviewed by the Finance Committee. 10. Delegate authorities from time to time to the executives/authorised persons to implement the decisions of the Committee. 11. Regularly review and make recommendations about changes to the charter of the Committee.

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Health, Safety and Environment (HS&E) Committee

Composition : Shri Hital R. Meswani Dr. D.V. Kapur Shri P.K. Kapil Terms of Reference : The Health, Safety and Environment Committee has been constituted, inter alia, to monitor and ensure maintaining the highest standards of environmental, health and safety norms and compliance with applicable pollution and environmental laws at all works / factories / locations of the Company and to recommend measures, if any, for improvement in this regard. The Committee reviews, inter alia, the Health, Safety and Environment Policy of the Company, performance on health, safety and environment matters and the procedures and controls being followed at various manufacturing facilities of the Company and compliance with the relevant statutory provisions.

Remuneration Committee
Composition : Shri M.L. Bhakta (Chairman) Shri Y.P. Trivedi Dr. D.V. Kapur Terms of Reference : The Remuneration Committee has been constituted to recommend/review remuneration of the Managing Director and Whole-time Directors, based on their performance and defined assessment criteria.

Shareholders'/ Investors' Grievance Committee

Composition : Shri M.L. Bhakta (Chairman)

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Shri Y.P. Trivedi Shri Nikhil R. Meswani Shri Hital R. Meswani

Terms of Reference : The Shareholders'/Investors' Grievance Committee, inter alia, approves issue of duplicate certificates and oversees and reviews all matters connected with transfer of securities of the Company. The Committee also looks into redressal of shareholders'/ investors' complaints related to transfer of shares, nonreceipt of Balance Sheet, non-receipt of declared dividend, etc. The Committee oversees performance of the Registrars and Transfer Agents of the Company and recommends measures for overall improvement in the quality of investor services. The Committee also monitors implementation and compliance with the Company's Code of Conduct for Prohibition of Insider Trading in pursuance of SEBI (Prohibition of Insider Trading) Regulations, 1992. The Board has delegated the power of approving transfer of securities to the Managing Director and/or the

Innovation
For those who study innovative organizations Reliance Industries will be a shining example of how innovation is practised in almost everything that they do. Here are few things that set them apart: "Impossible is an inspiring word" - Nothing turns on the leadership at Reliance Industries than this magical word. Again to quote the Jamnagar example, it was considered impossible to turn a barren land into a greenbelt. Today mangoes grown in Jamnagar are sold in Harrods London. "Hands on thinking, hands off execution." - It is characteristic of Reliance leadership. They think everything through and meticulous planning is their hall mark. When it comes to execution empowerment delegation down to the last employee in the chain is clearly demonstrated.
22

"First time it is learning. Second time it is a mistake." - Mistakes are never frowned upon; instead they are treated as a learning opportunity. It is one such mistake converted to learning that created the world's largest 'Craft Centre' located at Jamnagar. Cumulatively it has trained 1, 50,000 workmen - electricians, welders, carpenters. "Sense of urgency" - Reliance speed is legendary now. Reliance has mastered project management skills and has made it virtually into a fine art. It is this sense of speed that restored operations in record time in Jamnagar, Patalganga and Hazira after being affected by cyclones and floods. "Think. Anticipate. Be prepared." Part of meticulous thinking is the ability to anticipate problems. "Every transformation initiative will face resistance. It is our job to anticipate the resistance, take the responsibility to earn the respect of all stakeholders to create a win-win business model." "Dreams and Vision are the most potent fuels in the world." - This is an unmistakable Reliance hallmark espoused both by the founder Chairman Sh. Dhirubhai Ambani and the current Chairman Sh. Mukesh Ambani. To a question on what would be his next big ambition Sh. Mukesh Ambani answered "Rural transformation. Creating direct employment for half a million people in rural India. Creating a supply chain that the world will envy." "Measuring success differently" - Developing a metric to measure how much money was spent, is just one example of inspiring people to think and act differently and effectively. "Asking the right questions." - Reliance Leadership excels in asking the right questions. The company folklore is replete with examples of deceptively simple questions, leading on to incredible outcomes. Commonsense is the bedrock of such thinking.

23

"Hard work, timely decisions, speed and ingenuity" says one of the senior managers of Reliance Industries to sum up what Reliance is all about. It is evident that Reliance Industries is where it is today because of Innovation in thinking and execution. Given its ambition for India and its own organization Reliance leadership has now taken on a major initiative in the innovation domain. The leadership of RIL recognizes that its biggest competitive advantage and differentiator in the future would be innovation. Innovation has to become the language, the behaviour definer, the culture and the soul of Reliance, even more explicitly than ever before.

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Manufacturing Facilities
Reliance Industries Limited operates world-class manufacturing facilities across the country at Allahabad, Barabanki, Dahej, Hazira, Hoshiarpur, Jamnagar, Nagothane, Nagpur, Naroda, Patalganga, Silvassa and Vadodara. Allahabad Manufacturing Division is located in Allahabad, Uttar Pradesh. It is equipped with batch polymerization and continuous polymerization facilities. Barabanki Manufacturing Division is located near Lucknow, Uttar Pradesh. It manufactures Black Fibre. Dahej Manufacturing Division is located near Bharuch, Gujarat. It comprises of an ethane / propane recovery unit, a gas cracker, a caustic chlorine plant and 4 downstream plants, which manufacture polymers and fibre intermediates. Hoshiarpur Manufacturing Division is located in Hoshiarpur, Punjab. It manufactures a wide range of PSF, PFF, POY and polyester chips. Hazira Manufacturing Division is located near Surat, Gujarat. It comprises of a Naptha cracker feeding downstream fibre intermediates, plastics and polyester plants. Jamnagar Manufacturing Division is located near Jamnagar. It comprises of a petroleum refineries and associated petrochemical plants. The refineries are equipped to refine various types of crude oil (sour crude, sweet crude or a mixture of both) and manufactures various grades of fuel from motor gasoline to Aviation Turbine Fuel (ATF). The petrochemicals plants produces plastics and fibre intermediates. Nagothane Manufacturing Division is located in Raigad, Maharashtra. It comprises of an ethane and propane gas cracker and five downstream plants for the manufacture of polymers, fibre intermediates and chemicals.

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Nagpur Manufacturing Division is located in Nagpur, Maharashtra. It manufactures polyester filament yarn, dope-dyed specialty products of different ranges, fully drawn yarn and polyester chips. Naroda Manufacturing Division is located near Ahmedabad, Gujarat, is RILs first manufacturing facility. This synthetic textiles and fabrics manufacturing facility manufactures and markets woven and knitted fabrics for home textiles, synthetic and worsted suiting and shirting, ready to wear garments and automotive fabrics. Patalganga Manufacturing Division is located near Mumbai, Maharashtra. It comprises of polyester, fibre intermediates and linear alklyl benzene manufacturing plants. Silvassa Manufacturing Division is located in the Union Territory of Dadra and Nagar Haveli. It manufactures a wide range of specialty products such as Recron Stretch, Linen Like, Melange, Thick-n-thin and Bi-shrinkage yarns. Vadodara Manufacturing Division is located in Vadodara, Gujarat. It comprises of a Naptha cracker and 15 downstream plants for the manufacture of polymers, fibres, fibre intermediates and chemicals. Each of these complexes has world class manufacturing facilities

1. Allahabad 2. Barabanki 3. Dahej 4. Hoshiarpur 5. Hazira 6. Jamnagar 7. Nagothane 8. Nagpur 9. Naroda 10. Patalganga 11. Silvassa 12. Vadodara

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Products & Brands

The Company expanded into textiles in 1975. Since its initial public offering in 1977, the Company has expanded rapidly and integrated backwards into other industry sectors, most notably the production of petrochemicals and the refining of crude oil. The Company from time to time seeks to further diversify into other industries. The Company now has operations that span from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals and synthetic textiles and fabrics. The Company's major products and brands, from oil and gas to textiles are tightly integrated and benefit from synergies across the Company. Central to the Company's operations is its vertical backward integration strategy; raw materials such as PTA, MEG, ethylene, propylene and normal paraffin that were previously imported at a higher cost and subject to import duties are now sourced from within the Company. This has had a positive effect on the Company's operating margins and interest costs and decreased the Company's exposure to the cyclicality of markets and raw material prices. The Company believes that this strategy is also important in maintaining a domestic market leadership position in its major product lines and in providing a competitive advantage. The Company's operations can be classified into four segments namely:

Petroleum Refining and Marketing business Petrochemicals business Oil and Gas Exploration & Production business Others

The Company has the largest refining capacity at any single location. The Company is:
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Largest producer of Polyester Fibre and Yarn 5th largest producer of Paraxylene (PX) 5th largest producer of Polypropylene (PP) 8th largest producer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG)

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Awards Growth through Recognition

Reliance has merited a series of awards and recognitions for excellence for businesses and operations. Leadership

Shri Mukesh Ambani, Chairman & Managing Director, RIL, has been nominated to a 'key advocacy group of Millennium Development Goals', whose mandate includes finding ways to fight socio-economic evils such as poverty, by the United Nations in 2010. Shri Ambani is the only Indian to be a part of the MDG Advocacy Group that comprises eminent international personalities.

Shri Mukesh Ambani has been re-elected as Vice Chairman of the Business Council for Sustainable Development's (WBCSD) Executive Committee for a second consecutive term in 2010.

The Foundation Board of the World Economic Forum (WEF) elected Shri Mukesh Ambani on its Board. WEF's mission is to improve the state of the world and the elected board members make valuable contributions to this mission through their involvement.

Shri Mukesh Ambani received the prestigious 'Dwight D Eisenhower Global Leadership Award' at the Business Council for International Understanding's Annual Global Awards Gala in 2010.

The Asia Society, New York presented the 'Global Vision Award' to Shri Mukesh Ambani, honoring global leaders who help promote understanding between Asians and Americans in 2010.

Shri Mukesh Ambani received the NDTV Profit Business Leadership Award 2010 from the Finance Minister, Government of India in 2010.

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The senior editors of Financial Chronicle unanimously voted Shri Mukesh Ambani as 'Businessman of the Year for 2010'.

Shri PMS Prasad was bestowed with the "Outstanding Achievement Natural Gas" Award at the OCEANTEX 2010.

Corporate Ranking & Ratings:

RIL continues to be featured, for the sixth consecutive year, in the Fortune Global 500 list of the World's Largest Corporations, ranking for 2010 is as follows:

Ranked 175 based on Revenues Ranked 100 based on Profits

RIL is ranked 68th in 2010, in the Financial Times' FT Global 500 list of the world's largest companies (up from previous year's 75th rank).

RIL has been ranked at 20th position, on the basis of sales, in the ICIS Top 100 Chemicals Companies list. RIL is the only Indian company in the world's Top 20 chemical companies in the global ranking. RIL has also been named as the 8th biggest gainer in the list in terms of operating profits.

RIL is the only Indian company to get a perfect score from CLSA AsiaPacific Markets (CLSA) in a list of Asia's best companies in terms of CSR and termed the Company as the region's 'Corporate Good Guy'. In its 'Ethical Asia' 2010 report, CLSA has named RIL among its top picks for providing very good data and going well beyond required disclosure.

RIL is rated as the 33rd 'Most Innovative Company in the World' in a survey conducted by the US financial publication- Business Week in collaboration with the Boston Consulting Group (BCG). Further, in 2010, BCG has ranked RIL second amongst the world's 10 biggest, 'Sustainable Value Creators', companies for creating the most shareholder value for the period 2000 to 2009.
30

Project Management E&P Division received the Petrotech-2010 Special Technical Award in the 'Project Management' category for completion of their Krishna Godavari Gas project ahead of schedule. Health, Safety and Environment

Allahabad Manufacturing Division received a rating of 90% for its environmental initiatives from British Safety Council in 2010.

Barabanki Manufacturing Division received '5 Star Rating on BSC Environment' from British Safety Council in 2010.

Dahej Manufacturing Division received 'Greentech Environment Excellence Award 2010 - Gold' for its excellence in environment practices from Greentech Foundation in 2010.

Dahej Manufacturing Division received the 'National Award for the Prevention of

Pollution in Petrochemicals Sector' for its excellence in environment practices from the Ministry of Environment & Forests, Government of India, in 2010.

Dahej Manufacturing Division received "Our Cup of Joy India's Best Practices on Water Confederation of Indian Industry (CII) October 2010" Award for the Best practice of water conservation of "Utilizing Cooling Tower Blow Down water for Irrigation Purpose".

Hazira Manufacturing Division received the DuPont Safety Award for outstanding initiatives towards workplace safety enhancements and accident prevention in 2010, thus making RIL the first Indian / Asian company to win this award.

Hazira Manufacturing Division received the British Safety Council's (BSC), Five Star Environment Award for its "beyond compliance" initiatives, best
31

environmental practices, innovations and resource conservation efforts in 2010.

Hazira Manufacturing Division won the UK Energy Institute's Safety Award for 'Road Safety TRUST Programme' in 2010, making RIL the first Indian / Asian company to win this award.

Hazira Manufacturing Division won the FGI Award for Excellence in Environmental Pollution Abatement and Preservation in 2010.

Hazira Manufacturing Division won CII's Best Environmental Practice Award under "Most Innovative Project" and "Innovative Project" category in January 2011.

Hoshiarpur Manufacturing Division, for four consecutive years in a row won the 'State Safety Award' from Punjab Industrial Safety Council & Chief Inspector of Factories, Punjab in 2011.

Jamnagar Manufacturing Division Domestic Tariff Area (DTA) Refinery received the 'Golden Peacock Award for Occupational Health & Safety' for pace setting performance in OH and Safety in 2010.

Jamnagar Manufacturing Division DTA Refinery received 'Safety Innovation Award' from Safety & Quality Forum of Institute of Engineers (India).

Jamnagar Manufacturing Division DTA Refinery won the "Greentech Platinum Award (2010)" Safety Category, in Petroleum Refinery Sector for its outstanding Achievement in Safety Management.

Jamnagar Manufacturing Division has been granted by The National Accreditation Board for Laboratories (NABL), Ministry of Science & Technology; Government of India, "NABL accreditation" based on ISO 15189: 2007 for the DAOH & FWC Medical Laboratory.

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Jamnagar Manufacturing Division Special Economic Zone (SEZ) Refinery received '5 Star Award for Health & Safety' from British Safety Council for sustained performance in Health & Safety in 2010.

Jamnagar Manufacturing Division SEZ Refinery has won the prestigious 'Greentech Environment Excellence Award 2010' in Gold Category in Petroleum Refinery Sector for its best practices in Environment Management.

Jamnagar Manufacturing Division SEZ Refinery has been selected as the winner of the "10th Annual Greentech Safety Award 2011", in Platinum Category in the Petroleum Refinery Sector.

Nagothane Manufacturing Division received the "Vana Shree Award" from the State Government of Maharashtra in 2010.

Nagpur Manufacturing Division received the 'Sword of Honour' from the British Safety Council in 2010.

Vadodara Manufacturing Division received the CII Environmental Best Practice Award in 2011.

Energy and Water Conservation / Efficiency

Hazira Manufacturing Division won the 'Excellent Energy Efficient Unit Award for FY 2009-10' from CII in 2010.

Dahej Manufacturing Division bagged the 'Excellent Energy Efficient Unit Award 2010' for its energy conservation efforts from CII in 2010.

Dahej Manufacturing Division received the 'National Energy Conservation Award 2010' for its energy conservation initiatives from the Ministry of Power, Government of India.

Jamnagar Manufacturing Division received the 'National Award for Excellence in Energy Management' for its energy conservation techniques from CII in 2010.
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Jamnagar Manufacturing Division received the 'I.C.C. Award for Excellence in Energy Management' for its energy performance from the Indian Chemical Council in 2010.

Technology, Patents, R&D and Innovation

Nagpur Manufacturing Division received the 'Innovation Quest 2010 Trophy' instituted by the Indian Institution of Industrial Engineering.

E&P's KG-D6 won the 'Innovation for India Awards 2010' instituted by the Marico Innovation Foundation for their combined synthesis of advanced technologies, extreme engineering, innovative execution, yielding unprecedented results and impact on India's energy security.

Hazira Manufacturing Division won the "Innovative Project" from the CII in 2010.

Hazira Manufacturing Division won the FGI Federation of Gujarat Industries Award for technology development in 2010.

Hazira Manufacturing Division won the Indian Chemical Council Award for chemical plant design and engineering in 2010.

Reliance Technology Group (RTG) received "Certificate of Merit" from the Federation of Gujarat Industries and "ICC award for excellence in chemical plant design and engineering" in 2010.

Retail

Reliance Footprint received the Retailer of the Year Award in the Non Apparel and Footwear category at Asia Retail Congress 2010.

Reliance TimeOut received the Retailer of the Year Award in the Leisure Category at Asia Retail Congress 2010.

Vision Express was bestowed the 'Award 2010' for its contribution by the Netherlands India Chamber of Commerce and Trade in 2010.

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Reliance Trends received the 'Retail Marketing Campaign of the Year Award' at the Asia Retail Congress 2010.

Reliance Trends received the 'Impactful Retail Design and Visual Merchandising of the Year Award' at the Asia Retail Congress 2010.

Sustainability Jamnagar Manufacturing Division won the 'Golden Peacock Global Award for Sustainability for the year 2010'.

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Milestones
Starting as a small textile company, Reliance has in its journney crossed several milestones to become a Fortune 500 company in less than 3 decades. Reliance continues to cross newer & bigger milestones in its quest for what is known as "Growth is Life".

Major Milestones
2010

During the year, RIL and BP announced a strategic partnership in the oil and gas business. This partnership comprises BP taking 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the KG-D6 block, and the formation of a joint venture (50:50) for sourcing and marketing gas in India.

During the year, the Company took a significant step by entering into partnerships in the United States of America with Atlas Energy, Pioneer Natural Resources and Carrizo Oil & Gas through three distinctive joint venture agreements. It has also entered into a separate joint venture with Pioneer Natural Resources aimed at addressing the mid-stream opportunity in gas evacuation and transportation.

During the year, RIL and Russia's SIBUR announced a joint venture for the setting up of a facility for producing 100,000 tonnes of butyl rubber in India.

During the year, RIL acquired a 95% stake in Infotel Broadband Services Limited, which emerged as a successful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) spectrum conducted by the Department of Telecommunication, Government of India. RIL has invested Rs. 4,201.64 crore by way of subscription to equity capital issued by Infotel Broadband.

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2009

RIL joins the league of global deepwater oil and gas operators - RIL commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API. The production of oil in KG-D6 was commissioned in just over two years of its discovery, making it the worlds fastest green-field deepwater oil development project.

With the commissioning of the new refinery in its Special Economic Zone (SEZ), Jamnagar has now become the petroleum hub of the world. With 1.24 Million Barrels Per Day (MBPD) of nominal crude processing capacity, it is the single largest refining complex in the world.

RPL merger with RIL: Value creation through scale and synergies - The merger of Reliance Petroleum Limited (RPL) with Reliance Industries Limited (RIL) has enabled seamless integration of operational scale and financial synergies that existed between the two Companies. Assets and liabilities of RPL have been transferred to RIL with effect from 1st April 2008, as per the approval granted by the Hon. High Courts of Mumbai and Gujarat. Shareholders of RPL received 1 share of RIL in lieu of every 16 shares of RPL held by them, as per the scheme of merger. Accordingly, 6.92 crore new equity shares of RIL have been allotted to the shareholders of RPL.

2008

During the year, Reliance signed an agreement to acquire certain polyester (capacity) assets of Hualon, Malaysia.

In the Refining & Marketing business, Reliance took over majority control of Gulf Africa Petroleum Corporation (GAPCO) and started shipping products to the East African markets.
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Reliance also signed MoU with GAIL (India) Limited to explore opportunities of setting up petrochemical plants in feedstock rich countries outside India.

Reliance Petroleum Limited (RPL) continued the second year of implementation of its refinery project with an overall project progress of 90%.

During the year, Reliance Retail Limited (RRL) continued its rollout of stores across various verticals and formats. Reliance Retail today operates over 590 stores in 57 cities, spanning 13 states, with over 3.5 million square feet of trading space. 2007

Value creation through integration - A landmark merger of Indian Petrochemicals Corporation Limited (IPCL) with Reliance Industries Ltd. (RIL) has been completed.

Reliance Retail entered the organised retail market in India with the launch of its convenience store format under the brand name of Reliance Fresh.

The worlds largest polyester expansion project commissioned during the year. We brought a Polyester capacity of 550 KTA on stream at globally competitive costs in a record time of eighteen months. With this expansion, our polyester capacity has been augmented to 2 million tonnes per year. Subsequently, Reliance now have 4% of global polyester capacity and 6% of global production.

During the year, we expanded our polypropylene (PP) capacity by 280 KTA at Jamnagar that increased the combined capacity to 1,710 KTA. With this expansion, we now have 3.5% of global PP capacity and 3.6% of global PP production.

2006

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RIL commences the setting up of a new export-oriented refinery through its subsidiary, Reliance Petroleum Limited (RPL). The refinery will have a total atmospheric distillation capacity of approximately 580,000 barrels per stream day with a Nelson Complexity of 14.0 and an integrated polypropylene plant with a capacity of 0.9 Million TPA. The capital cost of the RPL project is estimated at Rs 27,000 crore (approximately US$ 6 billion). RPL completes its US$ 1.2 billion Initial Public Offering of equity shares which received an overwhelming response across different classes of investors.

Reliance's debt ratings from S&P and Moody's pierce India's sovereign ratings.

Reliance becomes India's first private sector enterprise to cross US$2 billion profit mark.

2005

The Mumbai High Court, shareholders and creditors approve demerger proposal

2004

Reliance Industries Limited (RIL) emerged as the 'Petrochemicals Company of the Year' at the

prestigious sixth annual Platts Global Energy Awards ceremony in New York, USA

The Board of Directors of Reliance Industries Limited approved the buyback of its fully paid up equity shares of Rs.10 each, at a price not exceeding Rs 570 per share, payable in cash, up to an aggregate amount not exceeding Rs 2,999 crore. This amount represents the limit of 10% of the total paid up equity share capital and free reserves of the Company as on March 31, 2004.

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The European Commission approved the acquisition of the German specialty polyester manufacturer 'Trevira' by Reliance.

Reliance Industries emerged as the first and only private sector company from India to feature in the 2004 Fortune Global 500 list of World's Largest Corporations.

Reliance announced it had struck gas off the Orissa Coast in the Bay of Bengal.

RIL became the first private sector company in India to record a net profit of US dollar of over 1 billion.

Reliance Associate, Sunbright, signed a Memorandum of Understanding (MoU) with National Organic Chemicals Industries Limited (NOCIL) to take over its Petrochemicals and Plastics Products Divisions 2003

Reliance announces Strategic Alliance with Bongaigaon Refinery & Petrochemicals Ltd. (BRPL) to restart PSF manufacturing at BRPL.

Reliance Infocomm acquires FLAG Telecom, a multinational telecom company providing bandwidth through its undersea cable network comprising of over 50,000 kms of undersea fiber optic cable that spans four continents and connects the key regions of Asia, Europe, Middle East and the USA.

State-of-the-art Research and Technology Centre is inaugurated at Reliance's Patalganga complex to develop differentiated polyester products.

Reliance strikes oil in an onshore block in Yemen, where it has an equity oil position.

Reliance's refinery at Jamnagar was ranked best in Shell Benchmarking for the third consecutive year in 'Energy and Loss' performance from amongst 50 refineries worldwide.
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Reliance dedicates 23rd January as Shareholder's Day on the occasion of 25 years of the company going public - A story of Relationship and Trust.

BSES, one of the premier utility companies of the country, engaged in the generation, transmission and distribution of electricity becomes part of the Reliance Group and Mr. Anil D Ambani is appointed its Chairman.

2002

Reliance Infocomm to launch various telecom services on 28th December beginning with Gujarat, the Infocomm revolution will cover thousands of villages and hundreds of cities across the country. Reliance Infocomm will become a major catalyst for changing the face of India and improving the quality of life of Indians.

Reliance announced India's biggest gas discovery in nearly three decades and one of the largest gas discoveries in the world during 2002. The in place volume of natural gas is in excess of 7 trillion cubic feet, equivalent to about 1.2 billion barrels of crude oil. This is the first ever discovery by an Indian private sector company.

Reliance acquired control of Indian Petrochemicals Corporation Limited (IPCL) - India's second largest petrochemicals company.

Reliance signed MOU with DuPont Polyester Technologies to license the revolutionary resin technology NG-3 from DuPont. Reliance announced its plan for the expansion of PET capacity by 220,000 tonnes per year.

The merger of Reliance Petroleum Limited with Reliance Industries Limited was announced - largest ever merger in India - Reliance Industries became the largest private sector company in India on all major financial parameters including sales, profits, net worth, assets, and exports.

2001

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Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest companies in terms of all major financial parameters

Dhirubhai Ambani was conferred The Economic Times Award for Corporate Excellence for Lifetime Achievement

1999-2000

Jamnagar Petrochemicals complex and bulk of integrated refinery complex commissioned comprising:

World's largest grassroots refinery India's largest port with capacity of 50 million tpa World's largest PX Plant of 1.4 million tpa World's largest PP plant of 0.6 million tpa Captive power plant of over 300 MW World-class product handling, storage, and despatch facilities Reliance started commercial production of 27 million tpa refinery, the 5th largest in the world

1998

Dhirubhai Ambani was awarded the Dean's Medal by the Wharton School, University of Pennsylvania, USA, for setting an outstanding example of leadership.

Reliance completed phase-II expansion of Hazira Petrochemicals Complex including world's largest multifeed cracker, PET plant, MEG plant, PTA plant, PE plant

1996-1997

First corporate in Asia to issue 50 and 100 years bond in US debt market Reliance became the first private sector company to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the

42

Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings. 1995

Net profit crossed the Rs 1,000 crore mark (Rs 1,065 crores or US$ 338 million), unparalleled in the Indian Private sector

1994

Reliance offered the second Euro issue of GDR

1993

Reliance Petroleum Limited public issue - India's largest public offering.

Reliance pioneered the first ever Euro Convertible Bond issue by an Indian company.

1992

Reliance raised funds by pioneering foray into overseas capital markets with first ever international GDR offering by an Indian corporate.

Reliance commenced the production of High Density Polyethylene (HDPE) at Hazira.

1991

Reliance commissioned phase-I of Hazira Petrochemicals Complex consolidated its position in polyesters and entered into attractive polymers business - started VCM and PVC plants.

1988 1987 1986 Reliance started PTA plant at Patalganga.

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Reliance started the PX plant at Patalganga

Reliance commenced the Linear Alkyl Benzene (LAB) plant at Patalganga

 1985

Reliance commissioned Polyester Staple Fibre (PSF) plant at Patalganga.

Reliance entered phase-II of the Polyester Filament Yarn (PFY) plant at

Patalganga. 1982 Reliance launched phase-I of the Polyester Filament Yarn (PFY) plant at

Patalganga. 1977 Reliance went public with IPO - Dhirubhai Ambani introduced equity cult in

India, a new model of business leadership from a base of the broadest public shareholding.

Financial Milestones
2011 Revenue crossed Rs. 2,50,000 crore mark (Rs. 2,58,651 crore, US$ 58.0

billion), Net Profit crossed Rs. 20,000 crore mark (Rs. 20,286 crore, US$ 4.5 billion) and Total Assets crossed Rs. 2,80,000 crore mark (Rs. 2,84,719 crore, US$ 63.8 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 1,40,000 crore mark (Rs. 1,46,667 crore, US$ 32.9

billion), 13.4% of India's total exports. RIL declares Dividend of 80%. Payout of Rs 2,385 Crore, one of the highest

in the Indian Private Sector. 2010 Revenue crossed Rs. 2,00,000 crore mark (Rs. 2,00,400 crore, US$ 44.6

billion), Net Profit crossed Rs. 16,000 crore mark (Rs. 16,236 crore, US$ 3.6 billion) and Total Assets crossed Rs. 2,50,000 crore mark (Rs. 2,51,006 crore, US$ 55.9 billion), unparalleled in the Indian Private sector.

44

Exports crossed Rs. 1,00,000 crore mark (Rs. 1,10,176 crore, US$ 24.5

billion), 14.5% of India's total exports. RIL declares Dividend of 70%. Payout of Rs 2,084 Crore, one of the highest

in the Indian Private Sector. 2009 Total Assets crossed Rs. 2,00,000 crore mark (Rs. 2,45,706 crore, US$ 48.44

billion), Networth crossed Rs. 1,00,000 crore mark (Rs. 1,26,373 crore, US$ 24.92 billion), unparalleled in the Indian Private sector. RIL declares Dividend of 130%. Payout of Rs 1,897 Crore, one of the

highest in the Indian Private Sector. 2008 Revenue crossed Rs. 1,30,000 crore mark (Rs. 1,39,269 crore, US$ 34.7

billion), Net Profit crossed Rs. 15,000 crore mark (Rs. 19,458 crore, US$ 4.9 billion) and Total Assets crossed Rs. 1,40,000 crore mark (Rs. 1,49,839 crore, US$ 37.3 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 80,000 crore mark (Rs. 83,492 crore, US$ 20.8 billion),

13.4% of India's total exports. RIL declares Dividend of 130%. Payout of Rs 1,631 Crore, highest in the

Indian Private Sector. 2007 Revenue crossed Rs. 1,00,000 crore mark (Rs. 1,18,354 crore, US$ 27

billion), Net Profit crossed Rs. 10,000 crore mark (Rs. 11,943 crore, US$ 2.75 billion) and Total Assets crossed Rs. 1,00,000 crore mark (Rs. 1,17,353 crore, US$ 27 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 60,000 crore mark (Rs. 66,627 crore, US$ 15 billion),

12% of India's total exports.

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RIL declares Dividend of 110%. Payout of Rs 1,440 Crore, highest in the

Indian Private Sector. 2006 RIL places $300 million in US Private Placement Market. First ever Indian

company to raise money through this route. RIL declares Dividend of 100%. Payout of Rs 1,393 Crore, Highest In

Private Sector. RPL a subsidary of RIL completes its US$ 1.2 billion Initial Public Offering

of equity shares with an overwhelming response across different classes of investors. Chevron to Purchase 5 % Stake in RPL for USD 300 Million. Option to Increase Stake to 29 %. 2005 Launches US $ 348 Million Syndicated Term Loan Facility. Aims To

Replace Existing High Cost Loans. 2004 Reliance signs EUR 116.2 million Export Credit Agency (ECA) backed Reliance Successfully Closes US$ 350 Million Multi Currency Term Loan.

Buyer's Credit Facility provided by Deutsche Bank. RIL avails an ECA cover for the first time in 22 years. Reliance emerges as India's Greenest private sector company amongst the

private sector with an overall rank of number two in a BT - ACNielsen ORGMARG survey of shareholder perception published in Business Today's October issue. Reliance Industries concludes re-pricing of USD 687.50 million Syndicated

Term Loan facilities. Reliance Group emerges as India's Largest Wealth Creator in the private

sector for the Year 2003-04.

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2003 RIL - First Indian private sector company to record net profit of over Rs

4,000 crore in one financial year. 2002 RIL - First Indian private sector company to record Net Profit of over Rs.

1,000 crores in one quarter. 2001 RPL raises USD 750 million syndicated loan - deal named capital market Reliance among ten most creditworthy companies in Asia. Reliance Completes Acquisition of IPCL.

deal of the year by IFR Asia. Group revenues cross Rs. 60,000 crore (Rs. 60,160 crores), Reliance

becomes largest business group in India. RIL and RPL become India's two largest companies in terms of all major

financial parameters. 2000 Group profits cross Rs. 2,500 crore mark, Revenues cross Rs. 20,000 crore

mark (Rs. 21,541 crores) and Total assets cross Rs. 50,000 crore (Rs. 52,094 crores). 1998 Total Assets cross Rs. 35,000 crore (Rs. 35,445 crore) and Revenues cross

Rs. 14,000 crore (Rs. 14,115 crore). 1997 1996 Reliance became the first private sector company to be rated by international First corporate in Asia to issue 50 and 100 years bond in US debt market.

credit rating agencies. S&P rated BB+, stable outlook, constrained by the
47

Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings. Net profit crossed the Rs.1,000 crore mark (Rs 1,065 crores or US$ 338

million), unparalleled in the Indian Private sector. 1994 1993 1992 Set a record with Reliance Twin issues that received over 1 million investor India's largest public offering - Reliance Petroleum Issue. Offered the first Euro Convertible bond issue Offered the second Euro issue of GDR.

applications. Offered the first ever Euro Issue of Global Depository Receipts by an Indian

company 1991 Reliance commissioned phase-I of Hazira Petrochemicals Complex -

consolidated its position in polyesters and entered into attractive polymers business - started VCM and PVC plants. 1988 1987 1986 1985 Total Assets cross Rs. 1,000 crores.
48

Sales cross Rs. 1,000 crores mark (Sales for the year Rs. 1,778 crores).

Reliance commenced the Linear Alkyl Benzene (LAB) plant at Patalganga.

Reliance started PTA plant at Patalganga. Reliance commissioned Polyester Staple Fibre (PSF) plant at Patalganga.

1977 First IPO to the Indian Public.

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Major Subsidiaries & Associates

Major Subsidiaries :
Reliance Netherlands B.V. Reliance Retail Limited Reliance Jamnagar Infrastructure Limited Reliance Haryana SEZ Limited Reliance Industrial Investments and Holdings Limited Reliance Ventures Limited Reliance Strategic Investments Limited Reliance Exploration and Production DMCC Reliance Industries (Middle East) DMCC Reliance Commercial Associates Limited RIL (Australia) Pty Ltd Recron (Malaysia) Sdn Bhd Gulf African Petroleum Corporation (Mauritius) GAPCO Tanzania Limited GAPOil Tanzania Limited GAPCO Kenya Limited Transenergy Kenya Limited GAPCO Uganda Limited GAPCO Rwanda Sarl GAPOil (Zanzibar) Limited Reliance Fresh Limited Retail Concepts and Services (India) Limited

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Reliance Retail Insurance Broking Limited Reliance Dairy Foods Limited Reliance Retail Finance Limited RESQ Limited Reliancedigital Retail Limited Reliance Financial Distribution and Advisory Services Limited Reliance Hypermart Limited Reliance Retail Travel & Forex Services Limited Reliance Brands Limited Reliance Wellness Limited Reliance Footprint Limited Reliance Integrated Agri Solutions Limited Reliance Trends Limited Reliance Lifestyle Holdings Limited Reliance Universal Ventures Limited Reliance Autozone Limited Strategic Manpower Solutions Limited Reliance Gems and Jewels Limited Delight Proteins Limited Reliance F&B Services Limited Reliance Agri Products Distribution Limited Reliance Leisures Limited Reliance Retail Securities and Broking Company Limited Reliance Home Store Limited Reliance Trade Services Centre Limited

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Reliance Food Processing Solutions Limited Reliance Supply Chain Solutions Limited Reliance Loyalty and Analylitics Limited Reliance Digital Media Limited Reliance-GrandOptical Private Limited Reliance Vantage Retail Limited Reliance People Serve Limited Reliance Infrastructure Management Services Limited Reliance Petroinvestments Limited Reliance Universal Commercial Limited Reliance Global Commercial Limited Wave Land Developers Limited Reliance Global Business B.V. Reliance Global Energy Services Limited Reliance Gas Corporation Limited Reliance Global Energy Services (Singapore) Pte. Ltd Reliance Polymers (India) Limited Reliance Polyolefins Limited Reliance Aromatics & Petrochemicals Private Limited Reliance Energy and Project Development Private Limited Reliance Chemicals Limited Reliance Universal Enterprises Limited Reliance One Enterprises Limited Reliance Personal Electronics Limited International Oil Trading Limited Reliance Review Cinema Limited

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Reliance Replay Gaming Limited Reliance Nutritional Food Processors Limited Reliance Commercial Land & Infrastructure Limited Reliance Eminent Trading & Commercial Private Limited Reliance Progressive Traders Private Limited Reliance Prolific Traders Private Limited Reliance Universal Traders Private Limited Reliance Prolific Commercial Private Limited Reliance Comtrade Private Limited Reliance Ambit Trade Private Limited Reliance Corporate IT Park Limited Reliance Petro Marketing Limited LPG Infrastructure (India) Limited RIL USA Inc. Reliance Corporate Centre Limited Reliance Corporate Services Limited Reliance Convention and Exhibition Centre Limited Central Park Enterprises DMCC Reliance International B.V. Reliance Oil and Gas Mauritius Limited Reliance Exploration and Production Mauritius Limited Reliance Holding Cooperatief U. A. Reliance Holding Netherlands B. V. Reliance International Gas B. V. Reliance Exploration and Production B. V. Reliance Exploration and Production Limited Reliance Holding USA, Inc.
53

Reliance Marcellus LLC Reliance Strategic (Mauritius) Limited Indiawin Sports Private Limited Reliance Eagleford Midstream LLC Reliance Ealgeford Upstream LLC Reliance Eagleford Upstream GP LLC Reliance Eagleford Upstream Holding LP Infotel Broadband Services Limited Mark Project Services Private Limited Reliance Energy Generation and Distribution Limited Reliance Marcellus II LLC Reliance Industries Investment and Holding Private Limited Reliance Security Solutions Limited Reliance Office Solutions Private Limited GenNext Innovation Ventures Private Limited Reliance Home Products Limited Reliance Style Fashion India Limited Reliance Styles India Limited Infotel Telecom Limited Rancore Technologies Private Limited Reliance Bio-fuel Holding BV Major Associate : Reliance Industrial Infrastructure Limited

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IN BRIEF
Type Public BSE: 500325 NSE: RELIANCE LSE: RIGD BSE SENSEX Constituent Conglomerate

Traded as Industry

Predecessor(s) Reliance Commercial Corporation Founded Founder(s) 1966 Dhirubhai Ambani

Headquarters Mumbai, Maharashtra, India Mukesh Ambani Key people Products Revenue Net income Total assets Total equity Employees
(Chairman & MD)

Oil and gas, petroleum, petrochemicals, polyester, textiles, retail, telecom US$ 58.55 billion (2011)[1] US$ 04.54 billion (2011)[1] US$ 63.84 billion (2011)[1] US$ 34.12 billion (2011)[1] 23,365 (2010)[1]

Subsidiaries

Reliance Life Sciences Reliance Industrial Infrastructure Limited Reliance Logistics Reliance Clinical Research Services Reliance Solar Relicord Infotel Broadband Ltd.

Website

RIL.com

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Conclusion
Indian economy is growing at an impressive rate of over 8% and is likely to continue growing atthis rate in the coming years. The growth has also accelerated the energy demand of the country, which has created new opportunities for the company in the Refining and Marketingand Exploration and Production segments. Further, with the Indian Retail industry expected togrow at a CAGR of 40%, RILs foray into retail is likely to provide huge addition to sales volume. Currently, the company derives close to 98% of its sales revenue from refining andpetrochemical segment, but E&P and Retail segments share is expected to increase at a tremendous pace. Reliances efficient business model, strong market share across all operating segments, strong execution capabilities, presence in high growth business areas, and strongfundamentals, all indicate towards potential gains in investor net worth. Based on Seat of thePlant and relative valuation I value RIL at Rs. 2,035 per share for FY10.From the given financial analysis it show that company is will grow its retail and refiningtremendously because Mukesh Ambani is more focus on the Backward Vertical Integration byremove the middle man from the business which give higher return in the future, because thistwo sector are interrelated with its whole business

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Bibliography
Book about Excise Mannual By R.K.Jain www.ril.com www.wikipedia.com

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