Achievements during the Year

• Completion of the Rs.25,000 crore refinery and petrochemicals complex in Jamnagar.

• Exports increased by 164 percent to touch Rs.1,811 crores.

• Reliance's share price out performed the Sensex by 74 percent over the last one year.

Reliance Petroleum Limited

RIL holds 64 percent of RPL, which has a market cap of Rs.27,625 crore. In the current year, RPL is expected to achieve a turnover of Rs.25,000 crore. Nearly 25 to 30 percent of the output is consumed within the Group.

Oil and Gas

RIL entered the oil and gas business to reduce its dependence on external imports of crude oil. Under the Government's New Exploration Licensing Policy (NELP), RIL has received 14 off-shore exploration blocks, which have a total oil and gas coverage area of 100,000 square kilometers.

Petrochemicals

RIL has a polyester production capacity of 800,000 tonnes per annum, which is planned to be increased to 1 million tpa. This will make RIL the 3rd largest producer globally.

Power

With a power generation capacity of over 800 MW, RIL is the largest producer of captive power in India. The Group is promoting power projects in the country with a capacity of more than 6,000 MW.

Telecom

RIL has licenses for 7 circles covering 13 states. The Group also has the license for telephony in the state of Gujarat. The coverage is of 36 cities, which is planned to be increased to 90 cities. The present reach is 70,000, which is likely to be doubled.

More to come

Telecom, power, petrochemicals, refining and oil and gas will remain RIL's focus areas. The Group is planning to e-enable its activities to provide customized and personalized services to its customers by the power of Internet. RIL is planning for a share buyback for Rs.1,100 crore at a maximum rate of Rs.303/- per share. The Group is also planning to offer Employee Stock Options (ESOP). 

RIL's expansion in telecom sector and its announcement of foray into the New Economy Sectors, could be a further leap for the Group.

Infocom Initiatives

The entry of Reliance Industries Limited (RIL) in the area of broadband networking means a lot to the domestic internet service sector.

They believe, what they call – the Infocom Revolution is in India without adequate infrastructure. RIL foresees itself committed to building a state-of-the-art, Internet Infrastructure in India. The Group is planning to start an all optic, Internet Protocol based, broadband network covering the top 115 cities in India and accounting for more than 50 percent of India’s GDP.

The facilities they plan to introduce will cover voice, image and data offerings over networks. It will also enable delivery of advanced applications and solutions like e-commerce, media casting, web hosting and managed software services to business and consumers.

The estimated time requirement for the investments to be complete is 24 months. From a giant that only knows the word success, the move is certainly welcomed.