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RELIANCE INDUSTRIES LTD. (Oil) Growth is Life
By: 1101041 – 1101050 PGDM-A
The Beginning…
Objectives
To attain global best practices and become a world-class utility.
To provide uninterrupted, affordable, quality, reliable and clean power, to millions of customers.
To achieve excellence in service, quality, reliability, safety and customer care.
To work with vigor, dedication and innovation, with total customer satisfaction as the ultimate goal.
To consistently achieve high growth with the highest levels of productivity.
Legal Dimensions
Reliance Industries Limited is India’s
largest private sector company
registered under Companies Act, 1956
incorporated on 8 May, 1973.
It is a Company Limited by shares
It is an Indian Non-Government
Company
Companies in the Oil Business
Reliance Oil & Gas E&P Private Limited incorporated on 10th March 2008
Reliance Oil & Gas Private Limited incorporated on 09th June 1993
Reliance Oil Petroleum Private Limited on 08th October 1992
These above three are unlisted companies Reliance Assam Petrochemicals Limited is
a public company incorporated on 25th October 1994. It is Limited by shares and is unlisted.
Companies in the Oil Business Reliance Petro Distribution Private
Limited incorporated on 26 May, 2000 is a private company.
Reliance Petro Marketing incorporated on 17 June, 1999 is a public company.
Reliance Petro Marketing Limited incorporated on 04 January, 2008 is a private company.
The above companies are Limited by shares and
are unlisted.
Major Milestones
2010
•RIL announced a strategic partnership in the oil and gas business with BP (50:50)
•entered into partnerships with Atlas Energy, USA
2009
•RIL joins the league of global deepwater oil and gas operators, KG-D6 basin
•RPL merger with RIL: Value creation through scale and synergies
2008
•Reliance took over majority control of GAPCO and started shipping products to the East African markets.
•Reliance also signed MoU with GAIL (India) Limited
2007
•merger of Indian Petrochemicals Corporation Limited (IPCL) with Reliance Industries Ltd. (RIL)
…Major Milestones
2006
•RIL sets a new export-oriented refinery through its subsidiary, Reliance Petroleum Limited (RPL).
2004
•RIL emerged as the 'Petrochemicals Company of the Year' at the sixth annual Platts Global Energy Awards ceremony in New York, USA
2003
•Reliance strikes oil in an onshore block in Yemen, where it has an equity oil position
2002
•The merger of Reliance Petroleum Limited with Reliance Industries Limited was announced - largest ever merger in India
1993
•Reliance Petroleum Limited public issue - India's largest public offering.
Vision“Through sustainable measures, create
value for the nation, enhance quality of life across the entire socio-economic spectrum and help spearhead India as a global leader in the domains where we operate.”
Mission Create value for all stakeholders Grow through innovation Ensure energy security of the nation Lead in good governance practices Foster rural prosperity
Short Term Goals
Form a sustainability council as an apex body
to give impetus to our sustainability
strategies.
Identify and develop measurable goals for
sustainability performance indicators.
Give a structured approach to our social
initiatives.
Create a sustainability portal for e-enabling
data and information collection.
Long Term Goals
Embed life cycle and systems thinking in all
business processes.
Reduce environmental footprint by deploying
appropriate systems and technologies.
Move towards a low carbon business enterprise
Strengthen the talent pool to cater to our
diverse and integrated nature of business.
Create a triple bottom-line accounting system.
Financial Highlights
In Rs. Crore
FY 2011 FY 2010 % Change wrt FY 2010
Turnover 258,651 200,400 29%PBDIT 41,178 33,041 25%PBT 25,242 20,547 23%
Net Profit 20,286 16,236 25%EPS (Rs.) 62.0 49.7 25%
Financial Highlights
In Rs. Crore FY 2011
FY 2010
% change wrt FY 2010
Revenue 17,250
12,649
36%
EBIT 6,700 5,413 24%Capital
Employed55,54
450,95
7-
ROCE(%) 12.1%
10.6%
-
OIL AND GAS (Product ion and Exploration) BUSINESS
Balance Sheet Highlights
Particulars As at 31 March, 2011
As at 31 March, 2010
Shareholders’ Funds
1,51,540.32 1,37,170.61
Loan Funds 67,396.68 62,494.69Net Block 1,42,706.47 1,53,259.89
Investments 37,651.54 23,228.62Working Capital
37,321.23 21,964.27
(Rs. in crore)
The Board…
Shri Dhirubhai H. Ambani(Founder Chairman of Reliance Group)
Executive Directors
Independent Directors
Shri Nikhil R. Meswani
Shri Hital R. Meswani
Shri PMS Prasad
Shri P.K. Kapil
Shri M. L. Bhakta
Shri Y.Trivedi
Shri D.V. Kapur
Shri P. ModiShri Ashok
MisraShri Dipak C
Jain
Shri Ramniklal H. Hirani(Non
Executive,Non Independent
Director)
Shri Mukesh D. Ambani(Chairman and MD)
Core Competency
One of the biggest players in Indian market
Strong brand name Excellent financial position First Indian company to be featured in
Forbes’ Employs more than 25000 people
Growing demand for petroleum products
Buyout of competition
Competitors
Bharat Petroleum
Hindustan Petroleum
Indian Oil Corporation Limited
Oil and Natural Gas Corporation
References