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| 2012 || January || Financial || RIL announces India's largest share buy-back program comprising buyback of up to 120,000,000 fully paid up equity shares of Rs. 10 each.<ref name=Milestones/>
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| 2012 || February || Joint venture || " Ltd.In February 2012 the RIL and Russian petrochemicals company and SIBUR have agreed Sibur agree to form a {{w|joint venture }} named Reliance Sibur Elastomers Pvt Ltd to produce 100000 tons of {{w|butyl rubber }} per year in {{w|Jamnagar India}}. "<ref name="RELIANCE INDUSTRIES"/> "In February 2012, RIL and SIBUR formed a JV to manufacture butyl rubber in India with targeted production capacity of 100,000 tonnes per annum. This JV will be the fourth largest producer of butyl rubber globally. RIL's share in the JV will total 74.9% while SIBUR will account for the rest."<ref name=Milestones/>
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| 2012 || March || Recognition || RIL becomes the first Indian company to be certified as "Responsible Care Company" under stringent standards of {{w|American Chemistry Council}}. RIL's Petrochemical Business wins this accolade for its robust management system.<ref name=Milestones/>
