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| 1977–1990 || Switch to petrochemicals || The principal group company becomes an extremely widely held public limited company, with a rapid proliferation in the number of companies in the group.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
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| 1991-onwards || Liberal India || RIL business diversifies and the group enters the {{w|telecommunications}} industry. In 1992 RIL becomes the first Indian company to raise money in global markets.
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| 1966 || || Facility || A synthetic fabrics mill is established at {{w|Naroda}} in {{w|Gujarat}}.<ref name="Reliance Industries Ltd"/>
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| 1966 || May 8 || Subsidiary || Reliance Textile Industries Ltd is incorporated in {{w|Karnataka}} state as a public limited company under the name Mynylon Ltd. to manufacture synthetic blended yarns and fabrics, polyester filament yarn, polyester glass shells and colour TV picture tubes.<ref name="Reliance Industries Ltd">{{cite web |title=Reliance Industries Ltd. Company History and Annual Growth Details |url=https://www.goodreturns.in/company/reliance-industries/history.html |website=goodreturns.in |accessdate=16 September 2019}}</ref>
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| 1966 || July 1 || || Reliance Textile Industries Ltd, is amalgamated with Mynylon Ltd.<ref name="Reliance Industries Ltd"/>
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| 1969 || || Subsidiary || Reliance Exports is incorporated.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
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| 1973 || May 8 || || RIL is incorporated.<ref name="RELIANCE INDUSTRIES"/>
| 1977 || November || Financial || Reliance launches its {{w|Initial public offering}}, with {{w|Dhirubhai Ambani}} introducing {{w|equity}} cult in India, a new model of business leadership from a base of the broadest public shareholding.<ref name=Milestones>{{cite web |title=Major Milestones |url=http://www.ril.com/html/aboutus/major_milestones.html |website=RIL.com |accessdate=22 August 2013 |deadurl=yes |archiveurl=https://web.archive.org/web/20130817071250/http://www.ril.com/html/aboutus/major_milestones.html |archivedate=17 August 2013 |df=dmy-all }}</ref><ref name="Reliance Industries Ltd"/><ref name="MAMMOTH"/> The IPO, of 2.8 million shares, raise US$1.8 million, and is considered among the largest in India at the time.<ref name="referenceforbusiness.com"/>
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| 1979 || || Facility || RIL establishes a texturizing/twisting facility, as well as plants for Polyester Staple Fiber (PSF) in 1986 and for Linear Alkyl Benzene (LAB) & Purified Terephthalic Acid (PTA) in 1988. "<ref name="Reliance Industries Ltd"/>
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| 1979 || || Merger || "During the year Sidhpur Mills Co. Ltd which has an installed capacity of 38,368 spindles and 490 looms was amalgamated amalgamates with the company. In terms of the scheme of amalgamation, the company was to issue and allot for every one equity share of Rs. 100 each of Sidhpur, 2 equity shares of Rs.10 each and one bond of Rs.80 of the companyRIL. "<ref name="Reliance Industries Ltd"/>
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| 1980 || || || Reliance Textiles Industries receives a letter to intent from the manufacture of 10,000 tons per annum of {{w|polyester}} filament yarn. Financial and technical collaboration is finalized with {{w|E. I. du Pont de Nemours and Company}}.<ref name="Reliance Industries Ltd"/>
| 1988 || || Financial || RIL sales cross Rs. 1,000 crores mark.<ref name="ndtv.com"/>
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| 1991 || || Product || "Reliance commissioned RIL commissions phase–I of Hazira Petrochemicals Complex – consolidated its position , with the purpose manufacture {{w|high-density polyethylene}} and {{w|polyvinyl chloride}} at {{w|Hazira}}, {{w|Gujarat}}, in polyesters technical collaboration with {{w|DuPont}} and entered into attractive polymers business – started VCM and PVC plants[[w:Goodrich Corporation|BF Goodrich}} respectively."<ref name="ndtv.com"/> "The Hazira petrochemical plant was commissioned in 1991-92" <ref name="RELIANCE INDUSTRIES"/> "In 1991-92, RIL commissioned a petrochemicals unit to manufacture HDPE and PVC at Hazira, Gujarat, in technical collaboration with DuPont and BF Goodrich respectively."<ref name="Reliance Industries Ltd"/> "Reliance commissioned phase-I of Hazira Petrochemicals Complex - consolidated its position in polyesters and entered into attractive polymers business - started VCM and PVC plants."<ref name=Milestones/> "Reliance’s backward integration journey continues. The Hazira plant coming on stream in 1991 laid the foundation for Reliance becoming the world’s largest integrated producer of polyester."<ref name="MAMMOTH"/>
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| 1992 || || Product || RIL commences the production of {{w|high-density polyethylene}} (HDPE) at {{w|Hazira}}.<ref name=Milestones/><ref name="referenceforbusiness.com"/>
| 1995–1996 || || Joint venture || RIL enters the telecom industry through a {{w|joint venture}} with {{w|NYNEX}} and promotes Reliance Telecom Private Limited in {{w|India}}.<ref name="RELIANCE INDUSTRIES"/>
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| 1996 || || || "Reliance became RIL becomes the first private sector company to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings."<ref name=Milestones/> "Reliance became the first private sector company to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings"<ref name="ndtv.com"/>
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| 1996 || || Financial || RIL net profit surpasses Rs.1,000 crore (about US$ 317 million), an unparalleled milestone in the Indian private sector.<ref name="ndtv.com"/><ref name=Milestones/>
| 1998 || || Recognition || {{w|Dhirubhai Ambani}} is awarded the Dean's Medal by the {{w|Wharton School of the University of Pennsylvania}}, for setting an outstanding example of leadership."<ref name=Milestones/>
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| 1998 || || Financial || "RIL Total Assets cross Rs. 35,000 crore (Rs. 35,445 crore) and Revenues revenues cross Rs. 14,000 crore (Rs. 14,115 crore)."<ref name="ndtv.com"/>
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| 1999 || || || "Yet the petroleum industry remained the company's major growth focus. In 1999, the Indian government auctioned off 25 blocks for exploration; bids were given in the form of royalty percentage offers. Reliance won 12 of the blocks and promptly set in place its own team of exploration experts, backed by oilfield services from Halliburton and Schlumberger. Reliance's investment quickly paid off with the discovery of natural gas reserves estimated at some 14 trillion cubic feet, the largest natural gas field discovered in India in decades, in the Krishna-Godavari Basin in the Bay of Bengal."<ref name="referenceforbusiness.com"/>