The Mukesh Ambani-led Reliance Industries is in talks with the Sri Lankan government for exploring oil in the island country.
The government is "in talks with Reliance for petroleum exploration", Sri Lanka's Minister of Investment Promotion Navin Dissanayake told reporters here Monday.
Reliance Industries has shown interest in some oil blocks in the Munnar and Southern basins, he said.
Cairn Energy's India unit has already invested around $400 million in a block in the Munnar fields.
"So, if Reliance is coming, it will be into that figure at least," said Dissanayake.
The minister will go to Mumbai to hold talks with Reliance Industries officials in this regard.
He added that Sri Lanka was also in talks with Mahindra group to set up a IT park at an investment of $70 to $100 million.
Besides, another major Indian industrial group, Aditya Birla Group, has sought to build a $50-million Carbon Black factory in the island country, Dissanayake added.
Showing posts with label Reliance Industries Limited. Show all posts
Showing posts with label Reliance Industries Limited. Show all posts
Tuesday, September 15, 2009
Friday, August 7, 2009
Now Reliance Industries speaks on gas dispute
Breaking its silence on the ongoing dispute with the Anil Ambani group over gas from Krishna-Godavari basin, Mukesh Ambani-led Reliance Industries Friday said it will comment on the matter only in the court.
"Our legal advisors have counselled us to refrain from commenting on the issue," said Atul Chandra, president of the petroleum business with Reliance Industries, while reading out a written statement before reporters here.
"We emphatically refute and outrightly reject the baseless and motivated allegations and insinuations made by Anil Ambani and his associates against Reliance Industries and its chairman Mukesh Ambani," Chandra said.
The comments came after a series of charges levelled by the Anil Ambani group, ranging from the manner in which the capital expenditure for the Krishna-Godavari basin was approved and how a valid contract was flouted.
In June, the Bombay High Court had directed Reliance Industries to supply 28 million units of gas from the Krishna-Godavari basin to Anil Ambani's Reliance Natural Resources for 17 years at $2.34 per unit after assigning 12 million units to a state-run power utility NTPC.
But Reliance Industries challenged the verdict in the Supreme Court, which heard the case July 20 and fixed Sep 1 as the next date of hearing. It also asked all parties to file their replies on the government position on the matter by then.
Since then, the matter has figured on several occasions in parliament, even as the Anil Ambani group made its stand on the issue public, besides seeking to bring out the facts and figures on the matter.
"Our legal advisors have counselled us to refrain from commenting on the issue," said Atul Chandra, president of the petroleum business with Reliance Industries, while reading out a written statement before reporters here.
"We emphatically refute and outrightly reject the baseless and motivated allegations and insinuations made by Anil Ambani and his associates against Reliance Industries and its chairman Mukesh Ambani," Chandra said.
The comments came after a series of charges levelled by the Anil Ambani group, ranging from the manner in which the capital expenditure for the Krishna-Godavari basin was approved and how a valid contract was flouted.
In June, the Bombay High Court had directed Reliance Industries to supply 28 million units of gas from the Krishna-Godavari basin to Anil Ambani's Reliance Natural Resources for 17 years at $2.34 per unit after assigning 12 million units to a state-run power utility NTPC.
But Reliance Industries challenged the verdict in the Supreme Court, which heard the case July 20 and fixed Sep 1 as the next date of hearing. It also asked all parties to file their replies on the government position on the matter by then.
Since then, the matter has figured on several occasions in parliament, even as the Anil Ambani group made its stand on the issue public, besides seeking to bring out the facts and figures on the matter.
Friday, July 24, 2009
Reliance Industries net profit dips 11.5 percent
The net profit of oil-to-petrochemicals major Reliance Industries dropped 11.5 percent to Rs.3,636 crore ($759 million) for the quarter ended June 30, compared to the Rs.4,110 crore it netted in the corresponding period last fiscal.In a regulatory statement Friday, the company also said it has clocked a turnover of Rs.33,309 crore ($7 billion), an increase of 22.6 percent from the Rs.43,050 crore it earned in the year-ago period.
Monday, July 20, 2009
Hearing on Reliance gas dispute adjourned to Sep 1
The Supreme Court Monday adjourned till Sep 1 its hearing on a row between Mukesh Ambani's Reliance Industries and his brother Anil's Reliance Natural Resources over natural gas supplies and asked the two parties to reply to the government stand on the matter.
Commencing the hearing on the petition filed by Reliance Industries that challenges the verdict of the Bombay High Court last month on gas supplies from Krishna-Godavari Basin, off the Andhra Pradesh coast, the apex court declined to pass any interim order.
Chief Justice K.G. Balakrishnan issued notices to power firms such as GMR, GVK and Gautami Power that sought to intervene in the matter on concerns over the impact on the supplies if the fuel is diverted to Reliance Natural Resources at lower rates.
The Bombay High Court had asked Reliance Industries to supply 28 million units of gas to Reliance Natural Resources for 17 years at $2.34 per unit, after assigning 12 million units to the state-run National Thermal Power Corp.
It was also decided during Monday's hearing to club all petitions in this regard when the case comes up before a three-member bench to be set up. The government has sought to join the case as an intervener, amid opposition by Anil Ambani's firm.
"The court said it wants to hear the case with three judges. So it set Sep 1 as the next date. There were no observations, no directions," said Ram Jethmalani, who is appearing as a lawyer on behalf of Reliance Natural Resources.
"One thing is very clear -- the Supreme Court is concerned by the importance of this case," said Harish Salve who appeared on behalf of Reliance Industries and maintained that the court had not stopped Reliance Industries from selling gas to other parties.
"The interpretation doesn't change after the hearing. In fact, let's be clear. I told the court that the arrangements in place would continue. The court said we have not stopped you," Salve said.
He said the crux of the case was whether a family arrangement that was meant to bring parity between two brothers should override sovereign policies when natural gas is now being sold for $4.20 per unit and one party still wants it for $2.34 per unit.
The senior counsel also maintained that the pact between the two brothers could not be broken into bits and pieces. "The agreement said it is subject to company approval, it is subject to government approval. It expressly said so."
But in the reply to the law suit filed by Reliance Industries, the Anil Ambani-led firm has said the petroleum ministry has no role to play in the private gas sharing dispute, certainly not as a party to the row, and that the government will not lose any revenue.
"The petroleum ministry filed the affidavit blatantly and openly in support of Reliance Industries. This affidavit should, therefore, be struck off the records of the Supreme Court," the company said.
Commencing the hearing on the petition filed by Reliance Industries that challenges the verdict of the Bombay High Court last month on gas supplies from Krishna-Godavari Basin, off the Andhra Pradesh coast, the apex court declined to pass any interim order.
Chief Justice K.G. Balakrishnan issued notices to power firms such as GMR, GVK and Gautami Power that sought to intervene in the matter on concerns over the impact on the supplies if the fuel is diverted to Reliance Natural Resources at lower rates.
The Bombay High Court had asked Reliance Industries to supply 28 million units of gas to Reliance Natural Resources for 17 years at $2.34 per unit, after assigning 12 million units to the state-run National Thermal Power Corp.
It was also decided during Monday's hearing to club all petitions in this regard when the case comes up before a three-member bench to be set up. The government has sought to join the case as an intervener, amid opposition by Anil Ambani's firm.
"The court said it wants to hear the case with three judges. So it set Sep 1 as the next date. There were no observations, no directions," said Ram Jethmalani, who is appearing as a lawyer on behalf of Reliance Natural Resources.
"One thing is very clear -- the Supreme Court is concerned by the importance of this case," said Harish Salve who appeared on behalf of Reliance Industries and maintained that the court had not stopped Reliance Industries from selling gas to other parties.
"The interpretation doesn't change after the hearing. In fact, let's be clear. I told the court that the arrangements in place would continue. The court said we have not stopped you," Salve said.
He said the crux of the case was whether a family arrangement that was meant to bring parity between two brothers should override sovereign policies when natural gas is now being sold for $4.20 per unit and one party still wants it for $2.34 per unit.
The senior counsel also maintained that the pact between the two brothers could not be broken into bits and pieces. "The agreement said it is subject to company approval, it is subject to government approval. It expressly said so."
But in the reply to the law suit filed by Reliance Industries, the Anil Ambani-led firm has said the petroleum ministry has no role to play in the private gas sharing dispute, certainly not as a party to the row, and that the government will not lose any revenue.
"The petroleum ministry filed the affidavit blatantly and openly in support of Reliance Industries. This affidavit should, therefore, be struck off the records of the Supreme Court," the company said.
What is the Reliance gas dispute all about?
The raging dispute being heard in the Supreme Court between the companies belonging to the two Ambani brothers, Mukesh and Anil, mainly concerns the supply and pricing of natural gas from the Krishna Godavari basin.
At the core of the dispute is how valid is a family pact reached between the two brothers, brokered by their mother Kokilaben when the Reliance empire was split a few years ago, in deciding the price of gas in which the government, too, has claimed a share.
The fields, off the Andhra Pradesh coast, were won by Mukesh Ambani-led Reliance Industries, and are one of the biggest discoveries made in Asia in recent years. Anil Ambani wants a part of the gas for his group's power plants, based on the family pact.
But the ministry of petroleum and natural gas is not happy with the price at which Anil Ambani has asked for the gas -- between the time the family pact was reached in 2005 and now, hydrocarbon prices have more than doubled.
The government, based on the recommendations of a committee led by the present Finance Minister Pranab Mukherjee, had recommended the price of natural gas from the Krishna Godavari basin at $4.21 per unit.
Last month, the Bombay High Court asked Reliance Industries to supply 28 million units to Reliance Natural Resources for 17 years at $2.34 per unit after assigning 12 million units to the state-run National Thermal Power Corp.
Reliance Industries has challenged this verdict in the Supreme Court, even as the ministry of petroleum and natural gas has joined the dispute as part owner of the gas, and has called for the family pact to be declared null and void.
This stand has been contested by Reliance Natural Resources. It says the dispute has been depicted as one with the government, rather than one between the two companies, adding the government actually has little role to play in it.
All parties have filed their respective affidavits and stated their positions in the Supreme Court before Monday, which was the date fixed for commencement of hearing on what has turn out to be a high-profile corporate battle.
At the core of the dispute is how valid is a family pact reached between the two brothers, brokered by their mother Kokilaben when the Reliance empire was split a few years ago, in deciding the price of gas in which the government, too, has claimed a share.
The fields, off the Andhra Pradesh coast, were won by Mukesh Ambani-led Reliance Industries, and are one of the biggest discoveries made in Asia in recent years. Anil Ambani wants a part of the gas for his group's power plants, based on the family pact.
But the ministry of petroleum and natural gas is not happy with the price at which Anil Ambani has asked for the gas -- between the time the family pact was reached in 2005 and now, hydrocarbon prices have more than doubled.
The government, based on the recommendations of a committee led by the present Finance Minister Pranab Mukherjee, had recommended the price of natural gas from the Krishna Godavari basin at $4.21 per unit.
Last month, the Bombay High Court asked Reliance Industries to supply 28 million units to Reliance Natural Resources for 17 years at $2.34 per unit after assigning 12 million units to the state-run National Thermal Power Corp.
Reliance Industries has challenged this verdict in the Supreme Court, even as the ministry of petroleum and natural gas has joined the dispute as part owner of the gas, and has called for the family pact to be declared null and void.
This stand has been contested by Reliance Natural Resources. It says the dispute has been depicted as one with the government, rather than one between the two companies, adding the government actually has little role to play in it.
All parties have filed their respective affidavits and stated their positions in the Supreme Court before Monday, which was the date fixed for commencement of hearing on what has turn out to be a high-profile corporate battle.
Saturday, September 6, 2008
ArcelorMittal, RIL in WSJ's respected companies list
PepsiCo, headed by India-born Indra Nooyi, is the ninth most respected company in the world, NRI Lakshmi Mittal led ArcelorMittal is ranked 60th and Reliance Industries, India's largest corporate, makes it at No. 83 in the Wall Street Journal's respectability ranking of the world's 100 largest publicly traded companies.
The top five in the list are Johnson & Johnson, Procter and Gamble, Toyota, Berkshire Hathaway and Apple.
Search engine Google has jumped from 22nd spot last year to the sixth, its rise is matched by the fall for software giant Microsoft, which has slipped from sixth spot to 21st this year.
In its fourth annual survey released online Saturday, the reputed business daily asked money managers the degree to which they respect - or don't - the world' 100 largest companies (as measured by total market value). The mean score was arrived at by assigning point value to each of the four categories - Highly Respect, Respect, Respect Somewhat and Don't Respect.
ArcelorMittal's mean score is 1.90 and Mukesh Ambani led RIL's 1.36, contrasted with the mean score of around 4 for the top five companies in the world.
Listed in France, ArcelorMital had 10 percent money mangers saying Highly Respect, 29 percent Respect, 37 percent Respect Somewhat and 10 percent Don't Respect to it. The steel maker has, however, improved its standing from last year when it was ranked 93.
RIL has much catching up to do - only four percent said Highly Respect, 17 percent Respect, 46 percent Somewhat Respect and 11 percent Don't Respect to the diversified group.
PepsiCo has come up three spots from last year's 12th rank, but is still behind soft drinks rival Coca-Cola which is ranked eightth.
Vodafone, the world's biggest mobile company (by revenue), which was headed by India-born Arun Sarin till June this year, is at 66th spot in the list, an improvement from the 80th rank last year. IANS
The top five in the list are Johnson & Johnson, Procter and Gamble, Toyota, Berkshire Hathaway and Apple.
Search engine Google has jumped from 22nd spot last year to the sixth, its rise is matched by the fall for software giant Microsoft, which has slipped from sixth spot to 21st this year.
In its fourth annual survey released online Saturday, the reputed business daily asked money managers the degree to which they respect - or don't - the world' 100 largest companies (as measured by total market value). The mean score was arrived at by assigning point value to each of the four categories - Highly Respect, Respect, Respect Somewhat and Don't Respect.
ArcelorMittal's mean score is 1.90 and Mukesh Ambani led RIL's 1.36, contrasted with the mean score of around 4 for the top five companies in the world.
Listed in France, ArcelorMital had 10 percent money mangers saying Highly Respect, 29 percent Respect, 37 percent Respect Somewhat and 10 percent Don't Respect to it. The steel maker has, however, improved its standing from last year when it was ranked 93.
RIL has much catching up to do - only four percent said Highly Respect, 17 percent Respect, 46 percent Somewhat Respect and 11 percent Don't Respect to the diversified group.
PepsiCo has come up three spots from last year's 12th rank, but is still behind soft drinks rival Coca-Cola which is ranked eightth.
Vodafone, the world's biggest mobile company (by revenue), which was headed by India-born Arun Sarin till June this year, is at 66th spot in the list, an improvement from the 80th rank last year. IANS
Thursday, February 7, 2008
Project Drishti - a unique RIL - NAB initiative crosses 5,000
Project Drishti - a nation-wide corneal grafting drive to bring light into the lives of visually challenged from the underprivileged segment of society - has restored the gift of sight to over 5,000 Indians. A unique initiative between Reliance Industries Limited (RIL) and National Association of Blind (NAB), Project Drishti has undertaken 5,000 keroptoplasty surgeries in less than four years since it was started – all free of cost. It is now the largest corneal grafting surgery project enabled by a single corporate entity in India. Project Drishti, under the leadership of Smt Nita Ambani, President, Dhirubhai Ambani Foundation is working zealously to bring light into the lives of millions who have so far lived in darkness. The objective of the project is to give sight to the sightless from the underprivileged segment of the society at no cost to them. Smt Nita M. Ambani, President, Dhirubhai Ambani Foundation says, “We are committed in our endeavor to bring light into the lives of visually challenged brethren.”
“In more ways than one, we can make this a century with better vision than ever. We need to see life a little differently even after we have passed on. Life would undergo a change of appearance if you donate your eyes because beauty also lies in the eye of the giver”, Smt Ambani said.
The challenges for corneal grafting surgeries are Herculean, more so for the underprivileged segment of the society. Industry estimates indicates that annually, about 13,000 to 15,000 individuals donate eye balls, which means around 30,000 eye balls get donated. Of this, only 35 – 40 per cent is fit for corneal grafting purposes, i.e. 12,000 to 13,000 eyeballs are available for corneal grafting. Further the success rate of a corneal graft surgery is 70 to 80 per cent, which brings down the actual number available to around 10,000 eyeballs. The acute scarcity of good corneas results in a long waiting list for people whose world is black. And, it is an assured stark black if the visually impaired person is from the underprivileged segment.
In its endeavor to ensure that the visually impaired from the most under-privileged segment of the society reap the benefit from this initiative, Project Drishti, in association with National Association For the Blind - extends support through specialized eye-hospitals spread across India. NAB is a non-profit institution which has been serving the blind in India for over five decades. The Drishti project has conducted corneal grafting surgeries in over 16 cities India and efforts are on to take the initiative to far-flung moffusil areas of the country. In addition to its drive of corneal grafting drive, Project Drishti has actively participated in several blindness prevention activities and also in creating awareness about the compelling need for eye donation.
Reliance Industries Limited
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with turnover of Rs1,18,354 crore (US$ 27.23 billion), cash profit of Rs.17,678 crore (US$ 4.07 billion), net profit of Rs11,943 crore (US$ 2.75 billion) and net worth of Rs.63, 967 crore (US$ 14.72 billion) as of March 31, 2007.
RIL is the first and only private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks amongst the world’s Top 200 companies in terms of profits. RIL is amongst the 25 fastest climbers ranked by Fortune. RIL also features in the Forbes Global list of world’s 400 best big companies and in FT Global 500 list of world’s largest companies.
“In more ways than one, we can make this a century with better vision than ever. We need to see life a little differently even after we have passed on. Life would undergo a change of appearance if you donate your eyes because beauty also lies in the eye of the giver”, Smt Ambani said.
The challenges for corneal grafting surgeries are Herculean, more so for the underprivileged segment of the society. Industry estimates indicates that annually, about 13,000 to 15,000 individuals donate eye balls, which means around 30,000 eye balls get donated. Of this, only 35 – 40 per cent is fit for corneal grafting purposes, i.e. 12,000 to 13,000 eyeballs are available for corneal grafting. Further the success rate of a corneal graft surgery is 70 to 80 per cent, which brings down the actual number available to around 10,000 eyeballs. The acute scarcity of good corneas results in a long waiting list for people whose world is black. And, it is an assured stark black if the visually impaired person is from the underprivileged segment.
In its endeavor to ensure that the visually impaired from the most under-privileged segment of the society reap the benefit from this initiative, Project Drishti, in association with National Association For the Blind - extends support through specialized eye-hospitals spread across India. NAB is a non-profit institution which has been serving the blind in India for over five decades. The Drishti project has conducted corneal grafting surgeries in over 16 cities India and efforts are on to take the initiative to far-flung moffusil areas of the country. In addition to its drive of corneal grafting drive, Project Drishti has actively participated in several blindness prevention activities and also in creating awareness about the compelling need for eye donation.
Reliance Industries Limited
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with turnover of Rs1,18,354 crore (US$ 27.23 billion), cash profit of Rs.17,678 crore (US$ 4.07 billion), net profit of Rs11,943 crore (US$ 2.75 billion) and net worth of Rs.63, 967 crore (US$ 14.72 billion) as of March 31, 2007.
RIL is the first and only private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks amongst the world’s Top 200 companies in terms of profits. RIL is amongst the 25 fastest climbers ranked by Fortune. RIL also features in the Forbes Global list of world’s 400 best big companies and in FT Global 500 list of world’s largest companies.
Reliance Retail Limited launches its first Automotive Speciality Store "Reliance Autozone" in Jamnagar
Spread over an area of 15000 sq ft this unique facility is located adjacent to Reliance Mart, the hypermarket. Reliance Autozone offers 4 wheeler and 2 wheeler services under one roof along with retailing of tyres, batteries and a wide range of automotive accessories. Commenting on the launch Mr. Arun Dey, Chief Executive of Reliance Retail (Automotive Business) said “Reliance Autozone will give the customers unmatched Value Proposition. Our vision is to create customer delight by delivering world class automotive products & services with wide choice at best prices”
Reliance Autozone shall focus on service of multi make passenger cars & 2 Wheelers under one roof, Retail of 2 wheelers & Pre owned Cars, Retail & installation of Accessories, Tyres & Batteries. In other words it is a comprehensive solution to all vehicle owners. Being a part of Reliance Retail, Reliance Autozone would leverage on its Prime location, Pan India Presence, Supply Chain Strength, CRM & Strong Brand equity. Reliance Autozone shall offer Innovative Service Packages at convenient locations for all makes of 4 wheelers & 2 wheelers. Apart from regular maintenance & running repairs it also provides unique value added services like car care, car detailing and many other services not catered by usual automotive workshops. At Reliance Autozone, customers can get the vehicles serviced quickly at reasonable prices.
Mr. Dey also talks about world class systems installed at Reliance Autozone. It includes state of the art facility including high performance equipments, smokeless exhaust system, water treatment with recycle facility and well trained manpower. Reliance Autozone is also one of the few auto retailers investing in SAP R/3 for tracking of customer’s vehicle ownership life cycle and Integrated CRM system for scheduling of customer service activities. Apart from vehicle service, in future Reliance Autozone shall also enter into vehicle retailing arena. It plans to enter the 2-wheeler retail space by offering multi brand choice under one roof.
In the pre-owned car space Reliance Autozone shall endeavor to provide wide choice of multi make & multi model pre owned cars at various price points. Mr. Arun Dey, Chief Executive explained that under the program, consumers planning to buy or sell pre owned cars of any make can expect wide choice, right advice & transparent deals
With the above initiatives Reliance Autozone is all set to create new industry benchmarks in the automotive retail space and the biggest beneficiary shall be the end customer after all he remains “The King”. Reliance Corporate Park, Gansoli-Thane Belapur Road, Navi Mumbai - 400701
Reliance Retail Limited
Reliance Retail Limited, a 100% subsidiary of Reliance Industries Limited started rolling its stores in November last year and today operates over 472 stores in over 19 cities spanning 3 million Sq ft. The formats that RRL operates in are Reliance Fresh, Reliance Digital for consumer durables and information technology, Reliance Mart, a Hyper Market, Reliance Trendz - the apparel store, Reliance Wellness – offering wellness products, Reliance I storethe apple store, Reliance Footprint -a footwear store, Reliance Jewels – a jewelry store,Reliance Time-Out- books, music and gifts store and Reliance Super- a Minimart Format.
Reliance Industries Limited
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with turnover of Rs1,18,354 crore (US$ 27.23 billion), cash profit of Rs17, 678 crore (US$ 4.07 billion), net profit of Rs11,943 crore (US$ 2.75 billion) and net worth of Rs63, 967 crore (US$ 14.72 billion) as of March 31, 2007.
RILis the first and only private sector company from India to feature in the Fortune Global 500 list of 'World's Largest Corporations' and ranks amongst the world's Top 200 companies in terms of profits. RIL is amongst the 25 fastest climbers ranked by Fortune. RIL also features in the Forbes Global list of world's 400 best big companies and in FT Global 500 list of world's largest companies.
Reliance Autozone shall focus on service of multi make passenger cars & 2 Wheelers under one roof, Retail of 2 wheelers & Pre owned Cars, Retail & installation of Accessories, Tyres & Batteries. In other words it is a comprehensive solution to all vehicle owners. Being a part of Reliance Retail, Reliance Autozone would leverage on its Prime location, Pan India Presence, Supply Chain Strength, CRM & Strong Brand equity. Reliance Autozone shall offer Innovative Service Packages at convenient locations for all makes of 4 wheelers & 2 wheelers. Apart from regular maintenance & running repairs it also provides unique value added services like car care, car detailing and many other services not catered by usual automotive workshops. At Reliance Autozone, customers can get the vehicles serviced quickly at reasonable prices.
Mr. Dey also talks about world class systems installed at Reliance Autozone. It includes state of the art facility including high performance equipments, smokeless exhaust system, water treatment with recycle facility and well trained manpower. Reliance Autozone is also one of the few auto retailers investing in SAP R/3 for tracking of customer’s vehicle ownership life cycle and Integrated CRM system for scheduling of customer service activities. Apart from vehicle service, in future Reliance Autozone shall also enter into vehicle retailing arena. It plans to enter the 2-wheeler retail space by offering multi brand choice under one roof.
In the pre-owned car space Reliance Autozone shall endeavor to provide wide choice of multi make & multi model pre owned cars at various price points. Mr. Arun Dey, Chief Executive explained that under the program, consumers planning to buy or sell pre owned cars of any make can expect wide choice, right advice & transparent deals
With the above initiatives Reliance Autozone is all set to create new industry benchmarks in the automotive retail space and the biggest beneficiary shall be the end customer after all he remains “The King”. Reliance Corporate Park, Gansoli-Thane Belapur Road, Navi Mumbai - 400701
Reliance Retail Limited
Reliance Retail Limited, a 100% subsidiary of Reliance Industries Limited started rolling its stores in November last year and today operates over 472 stores in over 19 cities spanning 3 million Sq ft. The formats that RRL operates in are Reliance Fresh, Reliance Digital for consumer durables and information technology, Reliance Mart, a Hyper Market, Reliance Trendz - the apparel store, Reliance Wellness – offering wellness products, Reliance I storethe apple store, Reliance Footprint -a footwear store, Reliance Jewels – a jewelry store,Reliance Time-Out- books, music and gifts store and Reliance Super- a Minimart Format.
Reliance Industries Limited
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with turnover of Rs1,18,354 crore (US$ 27.23 billion), cash profit of Rs17, 678 crore (US$ 4.07 billion), net profit of Rs11,943 crore (US$ 2.75 billion) and net worth of Rs63, 967 crore (US$ 14.72 billion) as of March 31, 2007.
RILis the first and only private sector company from India to feature in the Fortune Global 500 list of 'World's Largest Corporations' and ranks amongst the world's Top 200 companies in terms of profits. RIL is amongst the 25 fastest climbers ranked by Fortune. RIL also features in the Forbes Global list of world's 400 best big companies and in FT Global 500 list of world's largest companies.
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