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Company Intelligence: Reliance Industries

Reliance Industries | Strategy and Financial Highlights Information from ICIS

 

Edited from: "Letter to shareholders", Annual Report 2007-08 and company website

 

Reliance Industries (RIL) is entering fiscal 2008-09 with the clear message that while its growth is “planned and focused”, it is also “spontaneous and self-energising”. In addition, the company states that it is “on the path to improving its global ranking” in polymers by building “extremely competitive” new assets in India. Reliance Industries Managing Director and Chairman, Mukesh D. Ambani (Source: Reliance Industries)

 

“Our outlook for the future continues to be optimistic. It is driven by the fact that the fulcrum of economic growth is shifting to Asia, propelled primarily by the unprecedented growth paradigm of the two most populous countries in the world, India and China”, says chairman and managing director Mukesh Ambani.


RIL's strategy includes:

 

Building and sustaining leadership position across its product categories in the domestic markets; 

Pursuing attractive export opportunities; 

Implementing vertical integration; 

Improving its technology; 

Achieving economies of scale; 

Focusing on prudent financial management; and 

Investing in high growth opportunities.

 

In the petrochemical and refining business, RIL's strategy is to:

 

Strive for global leadership and to be amongst the lowest cost producers worldwide; 

Continue to invest in research, quality, safety and the environment; and 

Pursue inorganic growth opportunities, which are strategic to its intents and will have the potential to create greater value for its shareholders.

 

Looking ahead, RIL will make strategic decisions with regard to its "emerging" businesses, these include:

 

Identifying new businesses with high growth potential; 

Investing in businesses that can scale rapidly and generate returns over an extendable period of time; and 

Aspire to be the lowest cost manufacturer/service provider, which it believes will result in RIL gaining "dominant market leadership".

 

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Financial highlights: RIL, year ended 31 March

 

 

2010

 2009

 2008

 2007

 2006

Sales (Rs in Crore m)

200,400

146,328

139,269

118,354

89,124

Net Profit (Rs in Crore m)

16,236

15,309

19,458

11,943

9,069

Total Assets (Rs in Crore m)

251,006

245,706

149,792 

117,353

93,095

Diluted earnings per share (Rs in Crore m)

--

101.00

133.90

82.20

65.10

Number of Employees

23,365

24,679

25,487

24,696

12,540

 

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Reliance Industries Company Structure

Reliance Industries (RIL) claims to be India's largest private sector enterprise. It is a major player in the Indian petrochemicals sector. Reliance's operations capture value addition at every stage from producing crude oil and gas to polyester and polymer products and are vertically integrated to the production of textiles. On 5 September 2007, Reliance Industries Limited (RIL) and Indian Petrochemicals Corporation Limited (IPCL) merged together. The merger proposal between RIL and IPCL was first announced on 10 March 2007.
More about Reliance Industries Structure

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