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Reliance Industries Limited
Sector:Oil and Gas Oil and Gas - Refining and Marketing
Market Lot: 1Face Value: 10ISIN Demat: INE002A01018
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Business Profile
The Reliance Group, founded by late 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 USD 30 billion. The flagship company, Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India.

Starting with textiles in the late seventies, the company 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 across exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail 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 (including main subsidiary Reliance Retail) and Reliance Industrial Infrastructure and Reliance Petroleum.

Reliance Industries operates world-class manufacturing facilities across the country at Allahabad, Barabanki, Dahej, Dhenkanal, Hazira, Hoshiarpur, Jamnagar, Kurkumbh, Nagothane, Nagpur, Naroda, Patalganga, Silvassa and Vadodara. Companies registered corporate office is located at Makers Chambers - IV, Nariman Point, Mumbai 400 021. India.

The company reported rise of 35.47% in consolidated net profit on y-o-y basis to Rs 102.51 billion, while total income declined 100.00% y-o-y basis to Rs 0.00 million for the quarter ended December 2018.

Recent Developments
Reliance Industries announced that its subsidiary, Reliance Retail Ventures (RRVL) has purchased 16.31% equity holding in Genesis Colors (GCL) for a consideration of Rs 348.0 million.

Reliance Industries (RIL) had earlier intimated on February 20, 2018 that Reliance Industrial and Investment Holdings (RIIHL), a wholly owned subsidiary of the company,

Reliance Industries announced that Reliance Brands, a subsidiary of the company, has purchased an additional 2.36% equity stake in Genesis Colors (GCL) for about Rs 98.9 million, taking its total stake in GCL to 11.65%.

Reliance Industries (RIL) announced a marginal rise in consolidated net profit for the quarter ended June 2018. During the quarter, the profit of the company rose 4.47% to Rs 94,850 million from Rs 90,790 million in the same quarter last year.

Reliance Industries announced that Reliance Brands, a subsidiary of the company, has purchased an additional 8.14% equity stake in Genesis Colors (GCL) for about Rs 341.7 million, taking its total stake in GCL to 9.29%.

Reliance Industries announced that its subsidiary - Reliance Brands has purchased 12.5% equity stake in Future101 Design (Future101) for Rs 95.0 million. The acquisition of minority stake is in the nature of strategic investment.

Radisys Corporation, a global leader of open telecom solutions (Radisys), and Reliance Industries, India's largest private sector company (RIL), have entered into a definitive agreement under which Reliance will acquire Radisys for USD 1.72 per share in cash.

Reliance Industries has submitted an application to the Reserve Bank of India, in terms of Foreign Exchange Management (Cross Border Merger) Regulations, 2018, seeking its approval for certain transactions that would arise out of a proposal for amalgamation of Reliance Holdings USA Inc,

Future Plans
The company is strategically positioned to capitalize the ever increasing demand for petroleum products in the East African countries. It entered into high-growth aviation fuel segment this year and has presence at 14 airports in India.

The company plans to sharpen its focus on global markets for a significant part of petroleum products produced at the Jamnagar refinery.

In Brief

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