Archive for the ‘Uncategorized’ Category

Reliance Industries and BP to Invest USD 6 Billion in Three Projects

June 16, 2017

Reliance Industries Limited (RIL) and BP Plc. (BP) have announced that they are going to invest INR 40,000 crore or USD 6 billion in three projects over a three- to five-year period.

About the project

The project aims to develop discoveries in the deepwater gas fields in the Krishna-Godavari (KG) basin. The first project will be for the R-series (D34). This project is a dry gas development in water that is deeper than 2000 meters. It is around 70 kilometers off shore. The two companies will develop the fields as a subsea tieback to the present riser and control platform off block KG-D6.

It is expected that the project will produce 12 million cubic meters per day. Contracts for the development of the fields will be awarded soon.

The implementation of the other two projects in the KG-D6 block is subject to the necessary regulatory and government approvals. RIL and BP are planning to submit their plans to the government for approval before 2017 ends.

Mukesh Ambani, the Chairperson and Managing Director (MD) of RIL said that the companies have an arbitration pending with the government. He also said that they will follow the normal course of law. He is sure that this will not come in the way of their investment and will have a fair outcome.

All three projects together are expected to bring on-stream about 30 to 35 million cubic meters or one billion cubic feet of gas per day during the years between 2020 and 2022.

RIL and BP partnership

RIL and BP partnership began when BP acquired a 30 percent stake for USD 7.2 billion in 21 gas and oil production-sharing contracts controlled by RIL, in 2011. The companies are also working together to expand their partnership and develop unconventional mobility solutions to address the digitization, electrification, and disruptive mobility trends.

At present, RIL owns 60 percent stake and BP owns 30 percent stake; while Canada-based Niko Resources Limited owns the remaining 10 percent of the KG basin.

Impact on Indian fuel market

The production from this development is expected to reduce India’s import dependence on gas by over 10 percent in 2022. According to Mukesh Ambani, the demand for fuel in India is expected to grow by about five to seven percent every year over the next decade.

Effect of the projects on shares

Most experts feel that the above projects are better for long-term outcomes. According to AK Prabhakar, Head of Research at IDBI Capital, such projects take time to deliver a positive Return on Equity (RoE).

Ambareesh Baliga, an independent market analyst was of the opinion that while RIL’s shares will not shoot up as it has been doing during the market decline in the recent past, the shares of the company may touch INR 1,500 in the next one to two years.

On 15th June 2017, the shares of oil market companies slipped up to 5 percent due to the expectation of fierce competition.


Reliance Industries Limited (RIL) and BP Plc. will invest USD 6 billion in three projects for developing discoveries over a three- to five-year period.


Reliance Jio Offers Cashback on Purchase of JioFi Device

May 26, 2017

Mukesh Ambani led Reliance Jio is working towards bringing high-speed Internet to an affordable price by introducing two separate offers on its JioFi hotspot device.

JioFi device

The JioFi device creates a hotspot by using a Jio 4G SIM, which may be used by multiple devices to access the Internet. Up to ten devices are recommended to be connected to the hotspot device. These include phones, laptops, and tablets, among others.

By installing the Jio4GVoice application on their 2G or 3G smart phones, users may also make free calls, send messages, and make HD video calls.

According to Reliance Jio, the JioFi device offers download speed up to 150 Mbps and upload speed up to 50 Mbps. The device is powered by a 2300 mAh battery that functions for five to six hours on a single charge.

The JioFi device is available on the official website of Reliance Jio. It costs INR 1,999. One may also purchase it using the EMI option, which begins at INR 95.03.

Offers on JioFi devices 

The first offer by Mukesh Ambani’s Reliance Jio provides a 100 percent cashback on purchase of the JioFi device. To be eligible for this offer, the user must exchange his old dongle. On doing so, the user will get free 4G data worth INR 2,010. This data will be made available in the form of ten top ups of INR 201 each offering 5 GB data each.

The second offer is for those who do not have a dongle to exchange. The purchaser is offered benefits worth INR 1,005 in the form of five data top ups of 5 GB data each, priced at INR 201 each. Considering this cashback, the effective cost of JioFi device comes up to INR 994.

Thus, anyone who purchases the JioFi device is eligible to get a cashback in the form of data top ups. These data top ups will expire on 31st March 2018.

Procedure to avail of the offers 

To avail of the JioFi device offers, users should do the following:

  • Purchase the JioFi device online from the official Reliance Jio website.
  • After purchasing the device, visit any Reliance Digital or Reliance Jio store with the original receipt and with or without an old dongle.
  • To access the Internet, the user will need a Jio SIM. To get the SIM, the user needs to submit original and copies of a proof of identity, a proof of address, and a passport size photograph. If eKYC has already been done, then only Aadhaar card will be required.
  • The new customer is then advised to become a Jio Prime member by paying INR 99 and make a recharge by choosing between the INR 309 and INR 509 plans. This will enable the user to avail of the Dhan Dhana Dhan offer.
  • After the Dhan Dhana Dhan offer has ended, users must recharge their SIM with a minimum of INR 149 to continue using the services.
  • Post this, the subscriber will be able to enjoy the benefits of the free data top ups.


Reliance Jio has introduced two separate cashback offers for customers purchasing its hotspot device, JioFi.

Jio to Gain Market Share from Incumbent Telecom Operators

May 16, 2017

As per a report by India Ratings and Research, a rating agency, existing telecom operators are about to lose a part of their market share to Mukesh Ambani led Reliance Jio.

Current status of the Indian telecom industry

According to India Ratings and Research, the top players in the Indian telecom sector will continue to lose revenues and suffer from profitability due to Reliance Jio’s strategies. At the same time, a number of them will also face an increase in their debts owing to the capital spent on network and spectrum.

The agency revised its outlook on the telecom services sector to negative. It was previously stable. This is because the credit profiles of existing telecom operators deteriorated more than expected due to Reliance Jio’s free offerings and deals.

Future of data tariffs and revenues

According to India Ratings and Research, data tariffs are likely to decrease in the current financial year. The average revenue per user (ARPU) is also expected to decline despite the rise in data usage volume. Moreover, the agency claimed that data usage will increase by 35 percent to 40 percent to reach 1,250 MB in the current financial year.

India Ratings and Research expects data to have 30 percent share in the revenue of the telecom sector in the current financial year while the revenues will see an increase of about 15 percent to 20 percent. Despite a high increase in the volume of data, revenue will not have an equivalent increase. Besides, data realization may decrease by 20 percent to 30 percent.

Reason for increase in data usage

The Indian arm of the global rating agency, Fitch Ratings claimed that the reasons for the increase in data usage in India are:

  • Reliance Jio’s data-centric strategy
  • Wide availability of cheaper smartphones
  • Quick adoption of 4G

Market competition

According to CRISIL, another rating agency, due to the intense competition stimulated by the launch of Reliance Jio, telecom companies will continue to face difficulties in this financial year.

India Ratings and Research further stated that due to this competition, it is highly likely that there will be in total only four telecom companies in India. Smaller telecom operators will be acquired by the larger ones and the larger telecom companies will collaborate subject to spectrum and market share limits under the ‘Telecom Merger and Acquisition Regulations.’

About Reliance Jio

Reliance Jio is the telecom arm of Mukesh Ambani-led Reliance Industries Limited (RIL). With more than 110 crore GB of data traffic per month, Jio became the largest global network. It also registered 220 crore video and voice minutes per day, during the financial year 2016-2017.

As compared to other telecom service providers, Reliance Jio network recorded the highest average 4G data speed in March 2017. This was recorded by the Telecom Regulatory Authority of India (TRAI). Jio’s average 4G internet speed was 18.487 Mbps as of 12:30 a.m. on 1st April 2017.


According to a report by India Ratings and Research, Reliance Jio is all set to win a larger market share from existing telecom operators.

Mukesh Ambani Speaks About India’s Potential to Lead the Fourth Industrial Revolution

March 21, 2017

Speaking at the India Today Conclave 2017, the Chairman of Reliance Industries Limited (RIL), Mukesh Ambani praised Prime Minister Narendra Modi’s demonetization and digitization initiatives and spoke about India’s technological potential.

Mukesh Ambani’s views on demonetization and digitization

With reference to demonetization, Mukesh Ambani said that India has moved from being a ‘cash economy to a digitally-enabled optimal cash economy’. He stated that India is great today and will be fantastic in the future. The industrialist added that when Prime Minister Narendra Modi met the then United States (US) President, Barack Obama, for a dinner at White House, they only discussed technology and how it could benefit the poor in a country.

With reference to the Narendra Modi-led Bharatiya Janta Party’s victory in the Uttar Pradesh elections, Mukesh Ambani stated that the Prime Minister understands the people of India, the world, and technology. He even said that the country is blessed to have him as a leader.

According to Mukesh Ambani, the credit in India has always been large in value but low on volume and hence available only for a few people. He said that Aadhaar-based identity will be linked in the coming years, after which taking a loan could be done through a mobile phone within a few minutes.

Mukesh Ambani revealed that India is the fifth largest and the fastest growing economy. According to him, the country’s current pace of growth could make it the third largest economy.

Due to the launch of Reliance Jio, India has recorded the highest data consumption in the world. Mukesh Ambani informed that Jio will be connecting 58,000 colleges and schools through digitization, thereby establishing the most digitally-enabled education system in the world.

India’s technological potential 

Mukesh Ambani said that the world is entering the fourth industrial revolution and India has the potential to lead this revolution. He believes that bringing back the brightest minds working overseas will enable the country to achieve this goal.

He stated that physical, biological and digital sciences are merging, which in turn will allow humans to redesign and rediscover all the aspects of life that exist on the planet. He further stated that technologies like robotics, artificial intelligence, cloud computing, nanotechnology, genomics, and mobile internet form the base of the revolution.

Speaking on India’s capacity to lead the industrial revolution, Mukesh Ambani stated five reasons for it. He revealed that India is a young country with 63 percent of its population aged under 35 years, with the skill to adapt faster to modern technology.

He feels that the lack of digital infrastructure in India will be helpful as it will enable the country to skip multiple generations of technology and directly adopt the upcoming generation.

According to him, India has a large and open market and is one of the most attractive places for business, technology, and global talent. Moreover, the leadership in India believes in connecting the country to the world. Lastly, he stated that India has the determination, political vision, capacity, and leadership to excel in technology.


Mukesh Ambani said that India has the capacity to lead the fourth global industrial revolution. He also praised Prime Minister Narendra Modi for his initiative to demonetize and digitize the country.

Reliance Jio Attracts Customers by Offering the Home-Delivery Option

November 2, 2016

Reliance Jio, launched commercially in September 2016, has witnessed rapid growth. This digital ecosystem, devised by parent company Reliance Industries Limited (RIL), has amassed a large subscriber base of more than 24 million.

A relatively new entrant to the Indian telecom sphere, Reliance Jio is the fastest national service provider. Within a month of the launch of its services itself, the operator had a user base of 16 million and now in less than three months, it has touched 24 million lives. This rapid growth of RIL’s digital arm can be, to a large extent, attributed to its welcome offer that was launched on 5th September, 2016.

Welcome Offer

Under its welcome offer, Reliance Jio users are granted access to unlimited 4G Internet services, local and national voice calls and video calls, and unlimited SMS facilities for free till the 31st of December, 2016. Additionally, individuals may also enjoy the extensive range of premium Jio applications, which lets them browse and stream television shows, movies, music, etc. for free. As part of the company’s offerings, users are also exempted from paying roaming charges, services exclude blackout days, and incoming calls are free for a lifetime.

Jio 4G SIM cards

Jio 4G SIM cards had been in great demand even before Jio’s commercial launch. Even now, retail outlets across the country continue to witness long queues for acquiring the SIM cards. Additionally, in order to streamline the entire process, the world’s largest start-up installed e-KYC machines at its flagship stores. This enables users to submit their Aadhaar Card numbers and fingerprints in order to confirm their identity. Thus, with the help of the electronic verification of identity, users are able to quickly avail of Reliance Jio SIM cards based on just their Aadhaar Card details.

Furthermore, in a move to ensure its user reach is widened even further, the company is initiating a home delivery service. The first of its kind, this will allow interested individuals to avail of a Jio SIM card from the comfort of their homes. Currently, this delivery service is only available in Indian cities like New Delhi and NCR, Kolkata, Ahmedabad, Pune, and Mumbai.

The process

Individuals interested in the delivery service need to follow an easy four-step procedure.

  1. Download the MyJio application on to the smart phone and generate the welcome offer code
  2. Visit the Reliance Jio website wherein personal details have to be submitted
  3. Once the Reliance Jio customer executive visits the user’s residence with an e-KYC device, the Aadhaar Card number needs to be submitted
  4. The user needs to also provide a fingerprint on the e-KYC device’s terminal and the generated welcome offer code

Following the successful completion of all the aforementioned steps, the user’s Jio SIM card will be activated within 15 minutes.

Since numerous reports of call drops and slow Internet services have surfaced owing to the non-cooperation of other telecom operators in India, Jio may extend its welcome offer till March 2017. The company intends to extend it to allow users to enjoy its 4G services for a longer duration.


As part of Jio’s attempt to reach a wider audience, SIM cards are being made available via home delivery in select Indian cities.

Reliance Jio Garners More Than 16 Million Subscribers

October 17, 2016

Mukesh Ambani Led Reliance Jio commercially launched its much-awaited high-speed 4G services on the 5th of September 2016. The digital arm of Reliance Industries Limited (RIL), Reliance Jio touched the lives of more than 16 million customers in less than a month. This is considered as a world record by the company, with its user base having grown faster than any other operator or start-up in the world.

Reliance Jio

The owner of the largest spectrum in the country, Reliance Jio had announced its telecom plans back in 2010. After six years of arduous work, the necessary infrastructure and staff was available for a nationwide commercial launch. In order to prevent technical glitches, the telecom services were launched in phases. In December 2015, Reliance employees were granted free access to Jio services. Following that, LYF users could avail of a free Jio SIM card that allowed them to enjoy free voice and data services for a period of three months.

Today, Reliance Jio SIM cards are available at all Reliance Digital stores. The company has even installed eKYC machines at 3,100 such outlets. These eKYC machines help users to streamline their application process with the help of their Aadhaar cards.

Jio’s popularity

Major credit goes to the company’s welcome offer that allows individuals to avail of unlimited free Jio services for data, voice, and video services. Valid till the 31st of December 2016, this has helped the brand garner millions of loyal fans. It helped the company’s flagship stores witness huge queues on the day of Jio’s commercial launch.

The iPhone offer

On the recent release of the new Apple iPhone 7 in India, Reliance Jio’s collaboration with Apple helped users of the iPhone 7 and iPhone 7 Plus avail of complimentary Jio services. Additionally, the offer was also opened to users of older models like iPhone SE, 6, 6 Plus, 6S, and 6S Plus.

On purchase of these smart phones from authorized Apple stores, users can enjoy a range of Jio services that is worth Rs. 18,000. The offer comprises unlimited calls, 20GB 4G data, 40GB of Wi-Fi data through JioFi hotspots, unlimited messaging, unlimited 4G data at night, and a subscription to its extensive range of applications.

Enterprise customers can enjoy a 25% discount in addition to the aforementioned offer. They can also enjoy special tariff plans, although these have not been made public yet. 

Smartron phones

Smartron is an Indian smart phone and IoT brand that recently released the tphone handset. Focused on developing engineering and innovation in India, the manufacturer has collaborated with Reliance Jio to offer its users the welcome offer. This is the latest device to be added to the list of Reliance Jio-compatible smart phones.

Chairman and Managing Director at RIL, Mukesh Ambani stated that the company is overwhelmed by the positive response to Jio’s welcome offer. He explained how the world’s largest start-up has been devised to benefit millions of Indians through data. He thanked the public for recognizing the company’s efforts and vowed to meet customer expectations.


Reliance Jio’s subscriber base has expanded to more than 16 million in just a month after its commercial launch.

JIO CREATES A WORLD RECORD: ‘Jio Welcome Offer’ enrolls 16 Million customers in 26 days

October 10, 2016

Reliance Jio Infocomm Ltd. (Jio) announced today that it has created a world record by crossing 16 Million subscribers in its first month of operations (September, 2016). Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.

Mr. Mukesh D. Ambani, Chairman, Reliance Industries Limited, said, “We are delighted and humbled by the overwhelming response across India to the Jio Welcome Offer. Jio is built to empower every Indian with the power of data. We are delighted that people have recognized this and are utilizing our services to the fullest. We are customer-obsessed and committed to improve every day to exceed expectations of our customers.”   Jio has introduced Aadhaar-based paper-less Jio SIM activation across 3,100 cities and towns. This enables the customer to complete the SIM activation process in a matter of minutes, with only his/her Aadhaar number. This process will be extended across the country and fully stabilized for satisfactory on-boarding experience in the next few weeks.

About Reliance Jio Infocomm Limited

Reliance Jio  Infocomm Limited (“Jio”), a subsidiary of Reliance Industries Limited (“RIL”), has built a world-class all-IP data strong future proof network with latest 4G LTE technology. It is the only network conceived and born as a Mobile Video Network from the ground up and supporting Voice over LTE technology. It is future ready and can be easily upgraded to support even more data, as technologies advance on to 5G, 6G and beyond.

Jio will bring transformational changes in the Indian digital services space to enable the vision of Digital India for 1.2 billion Indians and propel India into global leadership in digital economy. It has created an eco-system comprising network, devices, applications and content, service experience and affordable tariffs for everyone to live the Jio Digital Life. As part of its customer offers, Jio has revolutionized the Indian telecom landscape by making voice calls for Jio customers absolutely free, across India, to any network, and always.

Reliance Jio will not only provide affordable internet, but also mobile phones and access to other complimentary Jio apps such as JioChat, JioTV, JioMusic, etc. Also, you can get your own personal 4G hotspot with the help of Jio WiFi dongle, so you remain connected no matter where you are. Jio makes India the highest quality, most affordable data market in the world so that every Indian can do Datagiri.


Reliance Jio sets a world record by enrolling 16 million subscribers in its first month of operations.

Reliance Industries to Roll Out Online Fashion Portal, AJIO

March 1, 2016

Reliance Industries has expanded the Jio brand and is now set to roll out a fashion e-commerce portal named

The telecom venture of Reliance Industries, Reliance Jio will be launching its much-awaited 4G services in April this year. The MukeshAmbani-led company has launched many applications and services under the Jio brand. These include messaging application, Jio Chat, the music streaming platform, Jio Beats, and a digital wallet service, Jio Money, among others.

AJIO Fashion Portal

The AJIO website is being tested since December, last year. The website will soon be accessible to employees for a pilot run. It is expected that the website may be initiated through official communication, this week.

Reliance Industries will replicate the dual ecommerce model of Flipkart. It will have a website as a general marketplace and another one dedicated only to fashion products. Fashion products have high margins, while the former platform will offer a wide range of products of low margins.

The fashion portal AJIO will have brands like Holster of Australia, mds from Singapore, and Gizia of Turkey. It will also have brands from Russia and the United States (US).

Reliance Industries has decided to make a distinguished portfolio, by picking the best and exclusive designs from national and international brands. In addition to these, the company will also have selected artisanal products. In this way, AJIO will be distinctive from Reliance retail outlets, Reliance Trends and Reliance Brands. AJIO will give a new outlook to Reliance Jio’s digital platform.

Reliance Industries’ E-commerce Venture

Reliance Industries has been preparing for its e-commerce venture for a considerable period of time. The company gave a presentation to analysts in October 2015. The presentation said that the company was ready with its e-commerce platform for electronic items. It said that an online grocery website will be rolled out by March end, this year. The company revealed its plans of engaging 1.5 lakh small and medium vendors for its ecommerce business by that time.

In July 2015, Sanjay Mehra was appointed as the Chief Executive of the fashion and lifestyle online venture of Reliance Industries. Mehra earlier worked for US-based Wolverine World Wide. The company is the owner of Caterpillar shoes and Merrell apparel.

Industry experts predict that the entry of Reliance Industries will give stiff competition to other major market players.

Reliance Industries’ LYF Phones

The retail arm of Reliance Industries, Reliance Retail, launched a limited edition of  Reliance LYF branded smartphones on the occasion of Valentine’s Day.

It introduced a ‘togetherness offer’ in the cities of Chennai, Kolkata, Mumbai, Ahmedabad, Delhi, Jaipur, Bengaluru, and Hyderabad, among others.

Reliance Retail is selling the models of Flame 1 and Wind 6 at INR 6,399 and INR 7,099 respectively. Buyers get a number of offers along with the handsets. The offers may be enjoyed at popular places like Cafe Coffee Day, and Mainland China, among others.

Aside from the handsets, Reliance Retail is also selling power banks and selfie sticks. The company is offering huge discounts on them. With discounts of 40% off, power banks are available at INR 720. The selfie-stick is offered at INR 600, while its original price is INR 999.


Reliance Industries will be launching a fashion e-commerce platform under the name,

Reliance Jio may Introduce Nvidia Shield to India

February 24, 2016

Android consoles have become increasingly popular in the market. Many companies have tried to give users access tosmartphone games on their television screens, but none have succeeded like the Nvidia Shield.

Nvidia Shield Device

Nvidia Shield is a powerful device. It works at double the speed of the Xbox 360. It operates on an 8-core, 64-bit capable system-on-a-chip (SoC) with a Maxwell-based Graphic Processor Unit (GPU) with 256 Compute Unified Device Architecture (CUDA) cores and High-Efficiency Video Coding (HEVC)/H.265 support. In addition, it is also backed up with a set of services like GeForce. These features makeNvidia Shield is very popular among gamers.

Reliance Jio’s Association with Nvidia Shield

Nvidia is not available in India. During the Make in India event held last week, the telecom venture of Mukesh Ambani-led Reliance Industries, Reliance Jiodisplayed the Nvidia device. The device had a Jio sticker on it. As per the Indian telecom blog, it is an “Android-based Jio set-top box” which is“manufactured by Nvidia.

Sources from Reliance Jio revealed that Nvidia Shield was being tested on Reliance Jio’snetwork since December 2015. It is also testing the game streaming service of Nvidia, GeForce presently. Nvidia has approached a number of local game developers for Indian content for a localized version of their digital collection.

Industry experts predict that Nvidia Shield will soon launch its device in India. Many foreign companies come to India to roll out their products. Reliance Jio will be launching its service this year and Nvidia Shield requires good bandwidth to operate seamlessly. Hence, it is likely that the two companies will join hands for the venture.

Reliance Jio’s Spectrum Holdings

Brokerage company, Credit Suisse said that Reliance Jio will quickly acquire the best spectrum holding among all the private telecom companies. This will happen after the MukeshAmbani-led company signs a deal for sharing Fourth Generation (4G) airwaves throughout the country with Anil Ambani’s Reliance Communications.

The brokerage company mentioned Jio’s spectrum portfolio to be “quite enviable”. This is because Reliance Jio will be the only operator to have a pan-India below 1 GHz liberalized spectrum. It will also have one of the highest liberalized spectrums with a 30% share.

The spectrum which was not auctioned needs to be liberalized. To liberalize the spectrum, the company pays the market price to the government. A telecom company only gets to share or trade the liberalized airwaves.

The Telecom Commission has stated the clear market price of 4G airwaves for the band of 800 MHz in the states of Rajasthan, Tamil Nadu, Kerala, and Karnataka. Reliance Communications will thus liberalize its airwaves in these regions and then share them with Reliance Jio. Apart from 800 MHz, Reliance Jio holds spectrum in 1800 MHz and 2300 MHz bands.

A top industry executive said that Reliance Jio may buy the spectrum in the bands of 800 MHz and 700 MHz in the next 2 to 3 auctions. This will further enhance their spectrum holdings of 4G Long-Term Evolution (LTE).


It is expected that Jio will be the one to facilitate the entry of Nvidia Shield in India.

2016 to be a Significant Year for Reliance Industries

January 8, 2016

Brokerage company, Credit Lyonnais Securities Asia (CLSA) predicted that 2016 would be the biggest year for Reliance Industries.

Value of Reliance Industries’ Business

In 2015, stocks of Reliance Industries outperformed the Sensex for the first time in the past seven years. This is because its petrochemical and refining business fetched better results. On 6th January, the stock attained a five-month high of 1,029.10 by gaining 2.38%. This also improved the scope of its upcoming telecom business.

Reliance Industries will expand its business in petrochemicals and refining. It is also working to set up its telecom business. The MukeshAmbani-led company has decided to invest USD 55 billion, which is equal to its present market cap, by 2018. Out of this, it will start projects worth around USD 30 billion, this year itself. This will increase Reliance Industries’ earnings and future returns as well.

The petcoke gasification project of Reliance Industries is among the largest in the world. The company has decided to replace expensive imported Liquefied Natural Gas (LNG) with low-cost petcoke gas. This will help the company to add USD 2 per barrel to its Gross Refining Margin (GRM). It will also be focusing on Refinery Off-Gas Cracker (ROGC) project to reduce the cost of raw materials in the petrochemical segment. This will increase its GRM by USD 1.

Reliance Jio aims to get around 10 crore telecom subscribers. As per CLSA, this will add another USD 25 billion to Reliance Industries’ market cap.

Reliance Industries’ Business

Founder of Reliance Industries, DhirubhaiAmbani started his business venture as a polyester yarn trader. Today, the company is one of the largest private companies in the world. It produces oil and gas, makes petrochemical intermediates, refines thecrude product,and produces and sells branded textiles. This growth has been possible due to its unwavering focuson the oil, gas, and petroleum business in the last 20 years.

Reliance Industries partnered with British Gas and ONGC in the PannaMukta and central and southern Tapti blocks. The company also has conventional oil and gas blocks in places like Cambay Basin, Krishna Godavari, Sohagpur,Gujarat-Saurashtra, Mahanadi, and Cauvery Palar, among others. Its Krishna Godavari basin is an example of the biggest investment in gas exploration and production in India.

Internationally, Reliance Industries has inked Production Sharing Contracts (PSC) for two offshore blocks in Myanmar. It also has conventional blocks in Yemenand Peru. In 2010, the company invested in partnerships to drill, explore, and produce shale oil and gas in the United States.

When Reliance Industries began its operations in the petroleum refining segment, the Indian economy flourished. Reliance Industries initiated its facility in Jamnagar in 1999. From an importer of petroleum products, the country became a net exporter within just 3 years. The Jamnagar plant has a capacity of 6 crore tons a year.

Reliance Industries has been a leader in refining operations. Its unmatchable execution of projects at a high speed and at low prices makesit stand out from the rest. At present, the company has become a significant player in the global market.

Reliance Industries’ Radio

Last month, Reliance Industries rolled out its ‘R-Radio’ for employees. Through the medium of radio, the employees will be able to give and take suggestions on management. This is a part of the company’s focus towards human resources to attract and motivate them.


According to CLSA, a brokerage company, the year 2016 will be the biggest year for Reliance Industries.