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| 1998 || || || "Total Assets cross Rs. 35,000 crore (Rs. 35,445 crore) and 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"/>
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| 1999 || || || "In 1999-2000 RIL commissioned the world's largest 1.4 million tonnes per annum Paraxylene (PX) plant at its new integrated petrochemicals complex at Jamnagar which was planned at 1997-98. "<ref name="RELIANCE INDUSTRIES"/>
| 2002 || || || RIL announces one of the largest gas discoveries in the world, with a volume in excess of 7 trillion cubic feet, equivalent to about 1.2 billion barrels of crude oil. This is the first ever discovery by an Indian private sector company.<ref name=Milestones/>
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| 2002 || || || "Reliance Infocomm to launch various telecom services on 28th December - beginning with Gujarat, the Infocomm revolution will cover thousands of villages and hundreds of cities across the country. Reliance Infocomm will become a major catalyst for changing the face of India and improving the quality of life of Indians."<ref name=Milestones/> "In 2002, Reliance enters the Infocomm business and brings about a revolution in mobile telephony in India. In 2005, Reliance makes a strategic decision to reorganise its businesses through a demerger. Power generation and distribution, financial services and telecommunication services are demerged into separate entities."<ref name="MAMMOTH"/>"Also in 2002, Reliance launched a diversification effort, targeting the telecommunications sector, especially the fast-growing cellular phone market. Reliance set up its own phone service, Reliance Infocomm, in that year."<ref name="referenceforbusiness.com"/> Read more: https://www.referenceforbusiness.com/history2/78/Reliance-Industries-Ltd.html#ixzz64i2lwF3k
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| 2002 || July || Leadership || {{w|Dhirubhai Ambani}} dies.<ref>{{cite book |last1=Shaikh |first1=Saleem |title=Business Environment, 2/E |url=https://books.google.com.ar/books?id=sfOH_n1vseUC&pg=PA516&lpg=PA516&dq=Dhirubhai+Ambani+receives+The+Economic+Times+Award+for+Corporate+Excellence+2002&source=bl&ots=6AJuWmXjwY&sig=ACfU3U2F_dnvOB-QCpPd43svT6zD-yn7nQ&hl=en&sa=X&ved=2ahUKEwjxroPc7drlAhW0ILkGHalaB14Q6AEwEHoECAgQAQ#v=onepage&q=Dhirubhai%20Ambani%20receives%20The%20Economic%20Times%20Award%20for%20Corporate%20Excellence%202002&f=false}}</ref>
