Difference between revisions of "Timeline of Reliance Industries Limited"

From Timelines
Jump to: navigation, search
Line 196: Line 196:
 
|-
 
|-
 
| 2008 || || || "Revenue crossed Rs. 130,000 crore mark (Rs. 139,269 crore, US$ 34.7 billion), Net Profit crossed Rs. 15,000 crore mark (Rs. 19,458 crore, US$ 4.9 billion) and Total Assets crossed Rs. 140,000 crore mark (Rs. 149,839crore, US$ 37.3 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 80,000 crore mark (Rs. 83,492 crore, US$ 20.8 billion), 13.4% of India's total exports. RIL declares Dividend of 130%. Payout of Rs 1,631 Crore, highest in the Indian Private Sector."<ref name="ndtv.com"/>
 
| 2008 || || || "Revenue crossed Rs. 130,000 crore mark (Rs. 139,269 crore, US$ 34.7 billion), Net Profit crossed Rs. 15,000 crore mark (Rs. 19,458 crore, US$ 4.9 billion) and Total Assets crossed Rs. 140,000 crore mark (Rs. 149,839crore, US$ 37.3 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 80,000 crore mark (Rs. 83,492 crore, US$ 20.8 billion), 13.4% of India's total exports. RIL declares Dividend of 130%. Payout of Rs 1,631 Crore, highest in the Indian Private Sector."<ref name="ndtv.com"/>
 +
|-
 +
| 2008 || || || RIL reaches an aggregated worth of approximately US$ 125 billion, around a hundred direct and many more affiliated companies, more than 80,000 global employees, and is structured as 'several hundred investment companies, satellite companies and trusts''.<ref name="Chatterjee"/>
 
|-
 
|-
 
| 2009 || April 2 || || "From April 2 2009 the company commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API."<ref name="RELIANCE INDUSTRIES"/> "In 2009, Reliance commences production of hydrocarbons in its KGD6 block - against all odds - in just over two years of its discovery, making it the world’s fastest green-field deepwater oil development project. With this development, Reliance completes an unprecedented backward integration journey."<ref name="MAMMOTH"/>
 
| 2009 || April 2 || || "From April 2 2009 the company commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API."<ref name="RELIANCE INDUSTRIES"/> "In 2009, Reliance commences production of hydrocarbons in its KGD6 block - against all odds - in just over two years of its discovery, making it the world’s fastest green-field deepwater oil development project. With this development, Reliance completes an unprecedented backward integration journey."<ref name="MAMMOTH"/>

Revision as of 16:13, 8 November 2019

This is a timeline of Reliance Industries Limited.

Big picture

Time period Development summary
1950s In the late decade, Dhirajlal Hirachand Ambani in India establishes an import-export business, eventually focusing on the textile market, which would become Reliance Textiles.
1960s Reliance Textiles is established in 1964, launching textile manufacturing, and building its first factory.
1970s Reliance goes public in one of the first and largest public offerings in India.
1980s In 1981 The company begins construction of a polyester filament yarn facility in Patalganga. In the decade, Dhirajlal sons Mukesh and Anil start playing a prominent part at RIL, which seeks to produce the chemicals from which the textile yarns were made. In 1985, Reliance Textiles changes its name to Reliance Industries. After Ambani suffers a stroke in 1986, Mukesh and Anil take over day-to-day direction of the company, which launches its first petrochemicals production as part of a vertical integration strategy.[1] In 1987 Reliance Petrochemical Limited is incorporated.[2]
1990s Reliance Refineries is established in 1991, and launches its public offering in 1993. In 1997 Reliance Petroleum launches construction of India's largest oil refinery at Jamnagar. In 1999, the company wins a bid for 12 exploration blocks auctioned off by the Indian government.[1]
2000s In 2002, Reliance locates the largest Indian natural gas field in decades. In the same year, Dhirubhai Ambani dies at age 69; Reliance Petroleum merges into Reliance Industries. Following the acquisition of Germany's Trevira in 2004, RIL becomes the world's leading polyester manufacturer, with production levels topping 25 million meters per year.[1] In 2006, Reliance Industries is broken up between the Ambani brothers.[1]
2010s The company is ranked 106th on the Fortune Global 500 list of the world's biggest corporations as of 2019.

Full timeline

Year Month and date Event type Details
1932 Dhirajlal Hirachand Ambani is born to a lower middle class schoolteacher's family in Chorwad, Gujarat.[1]
1948 At the age of 16, instead of becoming a teacher himself as an alernative of not being able to afford university, Ambani travels to the port city of Aden where he begins working as a clerk at a service station. Ambani would remain in Aden for nearly ten years, rising to become Burmah Shell's marketing manager.[1]
1958 In the midst of a worsening political situation in Aden, Dhirajlal returns to India where he starts a yarn trading business from a small 500 square feet office in Mumbai that Ambani rents for two hours per day.[3] Reliance Commercial Corporation is established in partnership with Champaklal Damani, Dhirajlal cousin. Initial exports include spices as well as fabrics.[1][1][2]
1964 Dhirajlal establishes a textile factory in Naroda near Ahmenabad.[2]
1965 Leadership Champaklal Damani and Dhirubhai Ambani end their partnership due to differences in business strategies.[2]
1966 February 11 Reliance Textiles Industries Pvt Ltd is founded by Dhirubhai Ambani in Bombay.[4][5]
1966 Facility A synthetic fabrics mill is established at Naroda in Gujarat.[4]
1966 May 8 Reliance Textile Industries Ltd is incorporated in 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.[4]
1966 July 1 Reliance Textile Industries Ltd, is amalgamated with Mynylon Ltd.[4]
1973 May 8 RIL is incorporated.[5]
1975 June 28 RIL is converted into a public limited company.[4]
1977 March 11 The name of Mynylon Ltd changes to Reliance Textiles Industries Ltd. The company manufactures synthetic blended yarns and fabrics polyester filament yarn polyester staple fiber chemicals and allied products colour TV glass shells and colour TV picture tubes. Mynylon yarns are marketed under various brand names such as Texalit, Textron, Texlene, Poly dyed and polytwist. The fabrics are marketed under the brand name "VIMAL".[4]
1977 November Reliance launches its Initial public offering, with Dhirubhai Ambani introducing equity cult in India, a new model of business leadership from a base of the broadest public shareholding.[6][4][3] The IPO, of 2.8 million shares, raise US$1.8 million, and is considered among the largest in India at the time.[1]

Read more: https://www.referenceforbusiness.com/history2/78/Reliance-Industries-Ltd.html#ixzz64hfpl7Nn

1979 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. "[4]
1979 "During the year Sidhpur Mills Co. Ltd which has an installed capacity of 38,368 spindles and 490 looms was amalgamated 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 company. "[4]
1980 Reliance Textiles Industries receives a letter to intent from the manufacture of 10,000 tons per annum of polyester filament yarn. Financial and technical collaboration is finalized with E. I. du Pont de Nemours and Company.[4]
1982 Product Reliance Textiles Industries launches phase-I of the Polyester Filament Yarn (PFY) plant at Patalganga.[6]
1985 June 27 Renaming Reliance Textiles Industries Ltd changes its name to Reliance Industries Ltd.[4][5][2]
1985 Product Reliance Textiles Industries enters phase-II of the polyester filament yarn (PFY) plant at Patalganga.[6]
1985 September 30 Subsidiary Devti Fibres Ltd becomes a subsidiary of RIL.[4]
1985 Financial RIL total Assets cross Rs. 1,000 crores.[7]
1986 March Product RIL commissions a plant for the manufacture of Polyster Staple Fiber in technical collaboration with E. I. du Pont de Nemours and Company.[4]
1986 Product RIL launches a project for the manufacture of linear alkylbenzene in technical collaboration with UOP Processes International Inc.[4]
1986 Product RIL commissions a polyester staple fiber (PSF) plant at Patalganga.[6] "Reliance commissioned Polyester Staple Fiber (PSF) plant at Patalganga."[7]
1986 Product RIL starts operating a purified terephthalic acid plant at Patalganga.[6][7][1]
1987 Subsidiary Reliance Petrochemical Limited is incorporated.[2]
1987 Product RIL starts operating the linear alkylbenzene (LAB) plant at Patalganga.[6][7][4]
1988 Product Linear alkylbenzene (LAB) is sold under the brand name "Relab".[4]
1988 Product RIL starts the paraxylene plant at Patalganga.[6]
1988 Financial RIL sales cross Rs. 1,000 crores mark.[7]
1991 "Reliance commissioned phase–I of Hazira Petrochemicals Complex – consolidated its position in polyesters and entered into attractive polymers business – started VCM and PVC plants."[7] "The Hazira petrochemical plant was commissioned in 1991-92" [5] "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."[4] "Reliance commissioned phase-I of Hazira Petrochemicals Complex - consolidated its position in polyesters and entered into attractive polymers business - started VCM and PVC plants."[6] "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."[3]
1992 Product RIL commences the production of high-density polyethylene (HDPE) at Hazira.[6][1]
1992 Financial RIL becomes the first Indian company to raise money in global markets, with its high credit-taking in international markets limited only by India's sovereign rating.[2]
1992 Financial RIL launches the first ever international Global Depositary Receipt offering by an Indian corporate.[6][2]
1993 Product "The polyester filament yarn (PFY) division introduced two new products viz., Micro and multi-filament yearn. Several new and customized product range was introduced such as ultra-stabilized raffia grade, high flow injection moulding grade and high ESCR blow moulding grade."[4]
1993 RIL pioneers the first ever Euro Convertible Bond issue by an Indian company.[6] "Offered the first Euro Convertible bond issue "[7]
1993 Financial Reliance Petroleum Limited public issues the largest public offering in India.[6]
1994 Product RIL introduces its new product, Linear Low-Density Polyethylene Octene.[4]
1994 "Reliance offered the second Euro issue of GDR"[6] " Offered the second Euro issue of GDR."[7]
1995 "During the year company commissioned a new Triethylene Glycol manufacturing factory with a capacity of 10,000 TPA to add value to Diethylene Glycol (DEG), a by product from its Monoethylene Glucol plant. TEG is an import substitute used in oil exploration, lubricants and speciality application."[4]
1995 "During the year company signed a Memorandum of Understanding with the Govt. of Assam for implementation of RAPL (Reliance Assam Petrochemicals Ltd.) for manufacture of 3,00,000 TPA of ethylene, 3,00,000 TPA of Polyethylene and 65,000 TPA of Oxoalchol based on ethylene and propylene products from the gas cracker."
1995 "Net profit crossed the Rs 1,000 crore mark (Rs 1,065 crores or US$ 338 million), unparalleled in the Indian Private sector"[6]
1995–1996 Joint venture EIL enters the telecom industry through a joint venture with NYNEX and promotes Reliance Telecom Private Limited in India.[5]
1996 "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."[6] "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"[7]
1996 RIL net profit surpasses Rs.1,000 crore (about US$ 317 million), an unparalleled milestone in the Indian private sector.[7]
1996–1997 RIL becomes the first Asian corporate to issue 50 and 100 years bonds in the US debt market.[8][5]
1996–1997 RIL becomes the first corporate in Asia to issue 50 and 100 years bond in US debt market"[5]
1997 Financial RIL becomes the first corporate in Asia to issue 50 and 100 years bond in US debt market.[7]
1998 Product RIL introduces packaged liquefied petroleum gas in 15 kg cylinders under the brand name Reliance Gas.[5]
1998 RIL enters the health-care sector with an initial investment of Rs.100 crore, and becomes joint trustee of Sir Hurkisondas Nurrotumdas Hospital at Charni Road in Mumbai.[4]
1998 Recognition Dhirubhai Ambani is awarded the Dean's Medal by the Wharton School of the University of Pennsylvania, for setting an outstanding example of leadership."[6]
1998 "Total Assets cross Rs. 35,000 crore (Rs. 35,445 crore) and Revenues cross Rs. 14,000 crore (Rs. 14,115 crore)."[7]
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."[1]
1999 Facility RIL commissions the world's largest 1.4 million tons per annum paraxylene (PX) plant at its new integrated petrochemicals complex at Jamnagar.[5][6]
2000 Facility RIL commissions the world's largest grassroots refinery in Jamnagar.[5][2][6]
2000 Financial RIL group profits cross Rs. 2,500 crore mark, revenues cross Rs. 20,000 crore mark, and total assets cross Rs. 50,000 crore.[7]
2000–2001 Financial Reliance Industries Ltd. and Reliance Petroleum Ltd. become India's two largest companies in terms of all major financial parameters.[6]
2001 Financial RIL revenues cross Rs. 60,000 crore, and becomes largest business group in India.[7]
2001–2002 Recognition Dhirubhai Ambani receives The Economic Times Award for Corporate Excellence for Lifetime Achievement.[6]
2001–2002 "Reliance signed MOU with DuPont Polyester Technologies to license the revolutionary resin technology NG-3 from DuPont. Reliance announced its plan for the expansion of PET capacity by 220,000 tonnes per year."[6]
2002 Reliance Petroleum Limited merge with Reliance Industries. As of date, this is the largest ever merger in India. Reliance Industries becomes the largest private sector company in the country on all major financial parameters including sales, profits, net worth, assets, and exports.[6][7]
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.[6]
2002 Expansion RIL launches its own phone service, Reliance Infocomm. Beginning with Gujarat, the Infocomm revolution would cover thousands of villages and hundreds of cities across India.[6][3][1]
2002 July Leadership Dhirubhai Ambani dies.[9]
2002 Recognition RIL is recognized among ten most creditworthy companies in Asia.[7]
2002 Financial RIL becomes the first Indian private sector company to record Net Profit of over Rs. 1,000 crores in one quarter.[7]
2003 Financial RIL becomes the first Indian private sector company to record net profit of over Rs 4,000 crore in one financial year.[7]
2004 Recognition RIL becomes the first Indian private sector organization to be listed in the Fortune Global 500 list.[5][3]
2004 RIL locates a new gas field in the Bay of Bengal, off the Orissa Coast.[1]
2004 Acquisition RIL acquires the polyester major Frankfurt-based Trevira, which has the capacity of 130000 tons per annum of polyester staple fibers polyester filament yarns and polyester chips.[5]
2004 October Recognition RIL is recognized as India's Greenest private sector company amongst the private sector with an overall rank of number two in a BT–ACNielsen ORG-MARG survey of shareholder perception.[7]
2005 RIL launches a US$348 million syndicated term loan facility, with aims at replacing existing high cost loans.[7]
2005 June Leadership A bitter succession dispute takes place caused by conflict between Mukesh and Anil which would eventually lead to a separation in their management responsibilities.[10]
2006 Facility RIL establishes a new export-oriented refinery through its subsidiary Reliance Petroleum Limited (RPL).[5]
2006 Expansion RIL enters the organized retail segment through Reliance Retail with its first Reliance Fresh store in Hyderabad.[5]
2006 July 10 Split RIL splits in two, following four years of dispute between Mukesh and Anil. The latter walks away from RIL with the conglomerate's telecom, power, natural-resources and financial-services business, which form the core of what would be dubbed Reliance Group.[11]
2006 Financial RIL places US$300 million in US Private Placement Market, becoming the first Indian company to raise money through this route. The company declares dividend of 100%.[7][7]
2007 February 15 Subsidiary Reliance Jio launches as a subsidiary of RIL.[12] It operates a national LTE network with coverage across all 22 telecom circles.[13][14]
2007 April 1 Merger Indian Petrochemicals Corporation Limited (IPCL) merges with RIL. Post merger, RIL’s share capital is expected to increase from Rs 1,393.5 crore to Rs 1,453.6 crore.[15][16][17]
2007 September Acquisition RIL announces agreement to acquire assets of Malaysia’s leading polyester producer, Hualon Corp.[18]
2007 October 18 Financial RIL becomes the first Indian company to breach US$100 billion market capitalization.[19][20]
2007 Financial RIL revenue crosses Rs. 100,000 crore mark, net Profit crosses Rs. 10,000 crore mark, and total assets cross Rs. 100,000 crore mark. Unparalleled in the Indian Private sector. Exports cross Rs. 60,000 crore mark, 12% of India's total exports. RIL declares Dividend of 110%. Payout of Rs 1,440 Crore, highest in the Indian Private Sector.[7]
2008 April "In April 2008 the company signed gas sales and purchase agreement (GSPA) with the customers in power sector for supply of natural gas to be produced from the KG-D6 block."[5]
2008 "Revenue crossed Rs. 130,000 crore mark (Rs. 139,269 crore, US$ 34.7 billion), Net Profit crossed Rs. 15,000 crore mark (Rs. 19,458 crore, US$ 4.9 billion) and Total Assets crossed Rs. 140,000 crore mark (Rs. 149,839crore, US$ 37.3 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 80,000 crore mark (Rs. 83,492 crore, US$ 20.8 billion), 13.4% of India's total exports. RIL declares Dividend of 130%. Payout of Rs 1,631 Crore, highest in the Indian Private Sector."[7]
2008 RIL reaches an aggregated worth of approximately US$ 125 billion, around a hundred direct and many more affiliated companies, more than 80,000 global employees, and is structured as 'several hundred investment companies, satellite companies and trusts.[10]
2009 April 2 "From April 2 2009 the company commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API."[5] "In 2009, Reliance commences production of hydrocarbons in its KGD6 block - against all odds - in just over two years of its discovery, making it the world’s fastest green-field deepwater oil development project. With this development, Reliance completes an unprecedented backward integration journey."[3]
2009 "A T Kearney lists RIL as one of the Top 25 Global Champion for 2009 which managed to outperform the competition in the midst of global financial meltdown."[6]
2010 April RIL commissions a 1 MW solar Photo Voltaic power plant at Thyagaraj Sports Complex in New Delhi.[5]
2010 June ".In June 2010 the company entered into an agreement to acquire asubstantial stake in Infotel Broadband Services (P) Ltd which emerged as asuccessful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) Spectrum conducted by the DOT."[5]
2010 August "In August 2010 the company through their subsidiary Reliance Industries Investment and Holding Pvt Ltd acquired the equity shares of EIH Ltd representing 14.12% from Oberoi Hotels Pvt Ltd and certain other promoters at a total cost of Rs 1021 crore."[5]
2010 December "In December 2010 the company entered into a joint venture agreement with Russian petrochemical company SIBUR for the production of butyl rubber in India."[5]
2010 "Revenue crossed Rs. 2,00,000 crore mark (Rs. 2,00,400 crore, US$ 44.6 billion), Net Profit crossed Rs. 16,000 crore mark (Rs. 16,236 crore, US$ 3.6 billion) and Total Assets crossed Rs. 2,50,000 crore mark (Rs. 2,51,006 crore, US$ 55.9 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 1,00,000 crore mark (Rs. 1,10,176 crore, US$ 24.5 billion), 14.5% of India's total exports. RIL declares Dividend of 70%. Payout of Rs 2,084 Crore, one of the highest in the Indian Private Sector."[7]
2010 "RIL is ranked 68th in 2010, in the Financial Times' FT Global 500 list of the world's largest companies (up from previous year's 75th rank)."[7]
2011 January "In January 2011 the company's wholly owned subsidiary Reliance Ventures Ltd entered into an agreement with Infrastructure Leasing and Financial Services Ltd whereby IL&FS will become a strategic partner and co-promoter of a project which intends to develop a model economic township and other infrastructure facilities at Jhajjar in Haryana."[5]
2011 February ". In February 2011 the company entered into a strategic partnership with BP which comprises BP taking a 30% stake in 23 oil and gas production sharing contracts that the company operates in India for a consideration of USD 7.20 billion and the formation of a 50:50 joing venture between the two companies for the sourcing and marketing of gas in India. "[5]
2011 March " In March 2011 the company and D E Shaw Group agreed to establish a joint venture to build a leading financial services business in India. This joint venture will incorporate the D E Shaw Group's investment and technology expertise with the company's operational knowledge and extensive presence across India to offer a comprehensive array of financial services to the Indian marketplace."[5]
2011 April RIL announces a rich natural gas discovery in the very first well it drilled on a deep sea block in the Cauvery basin.[6][21][22]
2011 June 10 Acquisition RIL and its associate Reliance Industrial Infrastructure Ltd enter into an agreement with Bharti Enterprises for acquiring Bharti's shareholding of 74% in Bharti Axa Life Insurance Co Ltd and Bharti Axa General Insurance Co Ltd. [5]
2011 September Reliance Security Solutions Ltd, a subsidiary of the company Siemens Ltd, sign a memorandum of understanding to jointly develop Homeland Security Solutions for Highways in India.[5]
2011 November Joint venture RIL and British Petroleum announce the incorporation of India Gas Solutions Pvt Ltd, an equal-equity joint venture aimed at focusing on global sourcing and marketing of natural gas in India.[23][24]
2011 Financial "Revenue crossed Rs. 2,50,000 crore mark (Rs. 2,58,651 crore, US$ 58.0 billion), Net Profit crossed Rs. 20,000 crore mark (Rs. 20,286 crore, US$ 4.5 billion) and Total Assets crossed Rs. 2,80,000 crore mark (Rs. 2,84,719 crore, US$ 63.8 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 1,40,000 crore mark (Rs. 1,46,667 crore, US$ 32.9 billion), 13.4% of India's total exports. RIL declares Dividend of 80%. Payout of Rs 2,385 Crore, one of the highest in the Indian Private Sector."[7]
2012 January "In January 2012, RIL announced India's largest share buy-back programme comprising buyback of up to 120,000,000 fully paid up equity shares of Rs. 10 each, at a price not exceeding Rs. 870 per equity share, payable in cash, up to an aggregate amount not exceeding Rs. 10,440 crore from the open market through stock exchange."[6]
2012 February " Ltd.In February 2012 the company and SIBUR have agreed to form a joint venture named Reliance Sibur Elastomers Pvt Ltd to produce 100000 tons of butyl rubber per year in Jamnagar India. "[5] "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."[6]
2012 March Recognition RIL becomes the first Indian company to be certified as "Responsible Care Company" under stringent standards of American Chemistry Council. RIL's Petrochemical Business wins this accolade for its robust management system.[6]
2012 May "Reliance Industries LimitedNSE -1.10 % (RIL) has selected Irving, Texas based Fluor Corporation to perform project management services for its projects being executed at its Jamnagar refining and petrochemical complex in Gujarat."[25]
2013 "RIL signed a US$ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland AG. The loan will be primarily used to finance goods and services procured from German suppliers as part of RIL's petrochemicals expansion projects at Jamnagar, Hazira, Silvassa and Dahej in India."[7]
2014 May 29 Acquisition RIL acquires control in Network18 Media & Investments Limited (NW18) including its subsidiary TV18 Broadcast Ltd.[5]
2014 December 9 Joint venture RIL announces a joint venture with China's Shandong Ruyi for RIL's textiles business which operates under the Vimal brand.[5]
2014 "Reliance Retail becomes the largest retailer by revenue in 2014, fulfilling the aspirations of millions across the country and bringing international experiences at affordable prices to every corner of India."[3]
2015 December Recognition RIL wins 'energy Oscars' Platts Global Energy Award for robust corporate social responsibility role.[26]
2016 April Reliance Jio announces the launch of the Bay of Bengal Gateway (BBG), a 8,100 km cable system expected to provide high speed connectivity to South East Asia and the Middle East. The network would then link to Europe, Africa and Far East Asia via interconnection with existing cable systems.[27]
2016 September Subsidiary Reliance Jio Infocomm announces the commencement of telecom services with `Jio Welcome Offer'.[5]
2016 November 17 Partnership RIL and General Electric announce the signing of a global partnership agreement in the Industrial internet of things (IIOT) space to provide Industrial IOT solutions to customers in oil & gas fertilizer power healthcare telecom and other industries.[5]
2017 September Acquisition RIL wins the bid to acquire the assets of Kemrock Industries and Exports Limited of Vadodara (Gujarat) as a part of its efforts to enter the composites business.[5]
2017 Financial Reliance Retail crosses US$5 billion revenue mark.[5][3]
2017 June Partnership RIL and British Petroleum announce joint development of the `R-Series' deep water gas fields in Block KGD6 offshore the east coast of India.[28][5]
2018 RIL is ranked 148th on the Fortune Global 500 list of the world's biggest corporations as of 2018.[29]
2019 October Financial RIL becomes the first Indian firm to cross Rs 9 lakh crore market valuation mark.[30]
2019 Recognition RIL ranks 106th on the Fortune Global 500 list of the world's biggest corporations as of date.[31]

Meta information on the timeline

How the timeline was built

The initial version of the timeline was written by User:Sebastian.

Funding information for this timeline is available.

Feedback and comments

Feedback for the timeline can be provided at the following places:

  • FIXME

What the timeline is still missing

Timeline update strategy

See also

External links

References

  1. ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 "Reliance Industries Ltd.". referenceforbusiness.com. Retrieved 8 November 2019. 
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 RAICHAUDHURI, ANJAN. MANAGING NEW VENTURES: CONCEPTS AND CASES IN ENTREPRENEURSHIP. 
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 "MAMMOTH ASPIRATIONS". ril.com. Retrieved 8 November 2019. 
  4. ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 4.20 "Reliance Industries Ltd. Company History and Annual Growth Details". goodreturns.in. Retrieved 16 September 2019. 
  5. ↑ 5.00 5.01 5.02 5.03 5.04 5.05 5.06 5.07 5.08 5.09 5.10 5.11 5.12 5.13 5.14 5.15 5.16 5.17 5.18 5.19 5.20 5.21 5.22 5.23 5.24 5.25 5.26 5.27 5.28 5.29 5.30 5.31 5.32 "RELIANCE INDUSTRIES LTD. (RELIANCE) - COMPANY HISTORY". business-standard.com. Retrieved 16 September 2019. 
  6. ↑ 6.00 6.01 6.02 6.03 6.04 6.05 6.06 6.07 6.08 6.09 6.10 6.11 6.12 6.13 6.14 6.15 6.16 6.17 6.18 6.19 6.20 6.21 6.22 6.23 6.24 6.25 6.26 6.27 6.28 "Major Milestones". RIL.com. Archived from the original on 17 August 2013. Retrieved 22 August 2013. 
  7. ↑ 7.00 7.01 7.02 7.03 7.04 7.05 7.06 7.07 7.08 7.09 7.10 7.11 7.12 7.13 7.14 7.15 7.16 7.17 7.18 7.19 7.20 7.21 7.22 7.23 7.24 7.25 7.26 7.27 "Reliance Industries Ltd.". ndtv.com. Retrieved 17 September 2019. 
  8. ↑ GUPTA, AMBRISH. PROJECT APPRAISAL AND FINANCING. 
  9. ↑ Shaikh, Saleem. Business Environment, 2/E. 
  10. ↑ 10.0 10.1 Nankervis, Alan R.; Cooke, Fang Lee; Chatterjee, Samir R.; Warner, Malcolm. New Models of Human Resource Management in China and India. 
  11. ↑ The Caravan: September 2018. Delhi Press Magazines. 
  12. ↑ "Reliance Jio Infocomm Limited Disclosure Document" (PDF). bseindia.com. Retrieved 7 November 2019. 
  13. ↑ Reliance Jio Infocomm Limited, Cellular Operators Association of India 
  14. ↑ Reliance Jio Infocomm plans to launch pan-India LTE, RCR Wireless News 
  15. ↑ "IPCL to merge with Reliance Industries". The Indian Express. 8 March 2007. Retrieved 17 September 2019. 
  16. ↑ "IPCL merger with RIL from April 1". timesofindia.indiatimes.com. Retrieved 7 November 2019. 
  17. ↑ "RIL-IPCL merger to be effective from April 1, swap ratio at 1:5". economictimes.indiatimes.com. Retrieved 7 November 2019. 
  18. ↑ "Reliance to acquire assets of Malaysia's Hualon". reuters.com. Retrieved 7 November 2019. 
  19. ↑ "TCS breaches $100 billion market in m-cap; first Indian IT firm to do so". 
  20. ↑ "TCS market-cap more than the GDP of these countries". 
  21. ↑ "RIL finds gas in first well it drilled in Cauvery basin". economictimes.indiatimes.com. Retrieved 7 November 2019. 
  22. ↑ "Reliance Reports Significant Gas and Condensate Discovery Offshore India". offshoreenergytoday.com. Retrieved 7 November 2019. 
  23. ↑ "RIL Forms 50:50 Gas Sourcing & Marketing JV With BP". vccircle.com. Retrieved 7 November 2019. 
  24. ↑ "BP AND RELIANCE INDUSTRIES ANNOUNCE INCORPORATION OF INDIA GAS SOLUTIONS PVT. LTD." (PDF). bp.com. Retrieved 7 November 2019. 
  25. ↑ "Reliance selects UK based Fluor for project management at its Jamnagar refinery". economictimes.indiatimes.com. Retrieved 17 September 2019. 
  26. ↑ "Reliance Industries wins 'energy Oscars' Platts Global Energy Award for robust CSR role". firstpost.com. Retrieved 17 September 2019. 
  27. ↑ Pacheco, Shrey. "RELIANCE LAUNCHES 8,100 KM LONG BBG CABLE SYSTEM". digit.in. Retrieved 17 September 2019. 
  28. ↑ "Reliance and BP sanction third phase of integrated KG D6 development". bp.com. Retrieved 7 November 2019. 
  29. ↑ "Fortune Global 500 list". CNN Money. Retrieved 17 September 2019. 
  30. ↑ "Reliance Industries becomes first Indian company to cross market valuation of Rs 9 lakh crore - Times of India". The Times of India. Retrieved 8 November 2019. 
  31. ↑ "Fortune Global 500 list". Retrieved 8 November 2019. 
Retrieved from "http://timelines.issarice.com/index.php?title=Timeline_of_Reliance_Industries_Limited&oldid=34472"