reliance india
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Reliance IndiaTRANSCRIPT
RELIANCE
Introduction: Founded by Dhirubhai Ambani, Reliance Industries Limited (RIL) owns businesses across India engaged
in energy, petrochemicals, textiles, natural resources, retail and telecommunications. Reliance is the most profitable
company in India, the 2nd
largest publicly traded company in India by market capitalization and the second largest
company in India as measured by revenue after the government-controlled Indian Oil Corporation. The company is ranked
114th on the Fortune Global 500 list of the world's biggest corporations, as of 2014. RIL contributes approximately 20%
of India's total exports. On 31 March 2013, the company had 123 subsidiary companies and 10 associate companies.
The Reliance Group is among India’s top 3 private sector business houses on all major financial parameters, with assets
in excess of Rs.180,000 crore, and net worth to the tune of Rs.89,000 crore. Across different companies, the group has a
customer base of over 100 million, the largest in India, and a shareholder base of over 12 million, among the largest in the
world. Through its products and services, the Reliance Group touches the life of 1 in 10 Indians every single day. It has a
business presence that extends to over 20000 towns and 4.5 lakhs villages in India, and 5 continents across the world.
In October 2005, after the split was formalized, Mukesh Ambani got Reliance Industries and IPCL. Anil Ambani received
telecom, power, entertainment and financial services business of the group. The Anil Dhirubhai Ambani Group includes
Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Natural Resources and Reliance Power.
Products & Brands: Operations span from the exploration and production of oil and gas to the manufacture of petroleum
products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals, synthetic textiles and
fabrics.
Strategy: Their sustainable development strategy draws on their proven technology and risk management framework and
evolves from the materiality analysis that they have been performing over the years. The focus areas under their
sustainability development strategy include the following: Energy Security, Health & Safety, Corporate Governance and
Transparency, Product Responsibility, Climate Change and Waste Management
CSR Initiative: To provide impetus to various philanthropic initiatives of RIL, Reliance Foundation was set up in 2010 as
an expression of its vision towards sustainable growth in India. They have started many schools, colleges and hospitals
as part of their CSR initiative. Some of Reliance's initiatives to promote environment protection include investing in
renewable energy sources, promoting green plantations and spreading environmental awareness.
Specific Facts:
1. Reliance Infrastructure is the 1st private company in India to construct a rail project (Delhi Airport Metro Express) on
PPP basis, the project became operational on February 2011.
2. Reliance power has become the 1st Indian company to earn Carbon credits, United Nations registered Reliance
Power’s Sasan power project to earn as many as 22.5 million credits in the next 10 years, the UN Clean Development
Mechanism, the world’s second- biggest greenhouse gas market issues tradable credits to emission-busting projects in
developing countries.
3. Reliance Infrastructure’s Dahanu Thermal Power Station (DTPS). The 500 MW project, around 100 km north of
Mumbai, has emerged the only power plant in the world to win a certification -— ISO 50001:2011 – for energy
management systems and endeavours in the field of energy use and environment conservation.
Other unique facts: Group company Reliance Globalcom is the world's largest sealink cables company with more than
1,50,000 km of sea cables. Reliance Mutual Fund is India's largest mutual fund company with assets of more than 1.1
trillion rupees. Reliance Mediaworld operates the world's largest dome theatre, IMAX, in Mumbai. Reliance power has
placed World's largest order worth $8.29 billion to Shanghai Electric Group to supply power equipment based on
supercritical technology. Reliance Communication was the first company in India to issue bills in braille for visually
impaired customers.
Latest News:
1. RCOM gearing up to launch 4G services, to bid for spectrum in auctions.
2. Reliance Power planning to scrap gas based 7,480 mw Dadri project and has initiated giving back around 2,100
acres of land at Dadri in Uttar Pradesh back to the land owners
3. Reliance plans to sell 3.1 percent stake in unit Network18, worth $32 million at the current market price to comply
with rules mandating public ownership in listed firms.