Reliance Share Price

Reliance industries Ltd is one of the leading private sector companies in India. It started its operations as a polyester and textiles company. However, Reliance has diversified over time and has invested large investments in natural resources, energy petrochemicals, telecommunications, and retail. The company runs world-class manufacturing plants in the entire country. Services and products offered by the reliance company touch on almost every daily need of the people and cut across social and economic spectrums.
Being a conglomerate holding company, Reliance group operates a wide range of portfolio businesses. The company is the most significant taxpayer and accounts for about 5% of India's government revenue from the private sector.

Reliance Company boasts about 8% of all the merchandise exported from the country. It became the first company in India to hit $100 billion market capitalization in the years 2007 and 2019. In addition, Reliance Company is the first Indian entity to cross the INR 9 lakh crore market valuation mark and was ranked in position 106 in the list of fortune global 500 companies.

Reliance Industries History

Dhirubhai Ambani founded the company in 1966. The company started as a small-sized textile manufacturer unit. After incorporation, the company was renamed Reliance industries in 1985. While Reliance began as a textile manufacturer, it has transformed its businesses into a significant player in the petrochemical field.

The reliance industries ltd established twisting or texturing facilities in 1979. And in 1986, the company began operating a polyester staple fibre plant. The company also diversified and started producing purified terephthalic acid and alkylbenzene in 1988. In collaboration with Goodrich and DuPont, Reliance Company also established a petrochemical facility at Hazira to produce PVC and HDPE.

Reliance Company limited joined the telecommunication industry by joint investment with NYMEX. At that time, the company got a lot of support from the USA to establish Reliance telecom private ltd in India. RIL was the first firm in ASIA to give out bonds in the USA from 1966 to 1997.

Also, Reliance Company established a bottle production plant (PET). Due to the quality standards of Reliance's PET chips, they have been accepted across the world. In 1997-98, RIL developed a plan to invest $1250 million to build a refinery plant in Gujarat. And by the end of 1999, the company started selling packaged LPG gas in 15kg cylinders.

In 2002-2003, reliance ltd company amalgamated with Reliance petroleum limited. Then, in 2005, RIL bought major polyester trevira based in Frankfurt, Germany. Polyester mayor trevira has the capacity of around thirty thousand tonnes per year of polyester chips and polyester staple fibres.

Reliance Company established a new export-oriented refinery business in 2006 via the reliance petroleum ltd subsidiary company. During the same year, the company started a retail segment via reliance retail, and Reliance fresh store in Hyderabad began its operation in the market. And by 2017, reliance retail had crossed the $5 billion revenue point.

Reliance retail uses multivariate strategies to advance its operations. The company operates online stores, specialty stores, cash and carry stores, wholesale, supermarkets, hypermarkets, and neighborhood stores for all its products and services. Reliance's products and services cut across all segments of consumers in India. Reliance retail runs more than 3,300 stores in the country and has entered into organized retail after launching a convenient store format with the brand name, Reliance fresh. And in the same year, RIL undertook the most significant expansion project, where it began to increase polypropylene production capacity at Jamnagar.

Between 2007-2008, the reliance company entered into an agreement with polyester assets of Hualon from Malaysia and got majority control over the Gulf Africa petroleum corporation. From there, it began shipping its products to the East African markets. The reliance company signed another MOU with GAIL limited that allowed it to set up petrochemical plants in countries outside India.

The company started producing hydrocarbons in KGD6, located in Krishna Godavari, in 2009 after merging with reliance petroleum limited. During the same year, Reliance Company uncovered gas in block KG-DWN. Besides gas, RIL also found oil while exploring land block CB-ONN-2003/1 awarded it during exploration bidding.

Around April 2010, RIL started a MW solar photo power plant project in New Delhi. The project was intended to produce 1.4m electricity units every year to power the Thyagaraj stadium and add surplus power to the national grid. A subsidiary company, reliance Marcellus LLC signed an agreement to invest with USA-based atlas energy, where Reliance would acquire 40% stake. Up-to-date, the company continues to grow and expand.