sufficient site infrastructure to sustain construction on a fast track in the coming quarters.
• Reliance has acquired a majority stake and management control of Gulf Africa Petroleum Corporation (GAPCO), a petroleum downstream company in East Africa.
• RIL and GAIL signed a MoU to explore opportunities to set up petrochemical plants outside of India. Earlier, RIL and GAIL had signed a MoU for co-operation in identified areas in natural gas sector including gas pipelines and city gas distribution.
• Reliance has signed an agreement to acquire the assets of Hualon, a leading polyester producer in Malaysia and commenced operations pending the transfer of assets.
• “Project Drishti” - a unique RIL and NAB initiative crosses 5,000 nationwide corneal graft surgeries for the underprivileged.
• Reliance was awarded the “Outstanding Exporter of the year” award in the Petroleum refinery and petrochemicals and the “Overall Outstanding Exporter of the year” award instituted by CNBC TV18.
• Reliance was awarded the “Business Best Managed Companies Award” in the Energy, Chemical and Utilities Sector.
• Reliance's Hazira unit adjudged winner of “Golden Peacock Global Award 2008” for Corporate Social Responsibility.
• Reliance's Hazira unit was awarded the “Deming Quality Control Award” for Operations Business Unit (2007) making it the World's First petrochemical company to win this award.
• Reliance's Jamnagar unit was adjudged the winner of the “Golden Peacock National Training Award 2007”.
• Reliance's Hazira unit was adjudged winner of the “Golden Peacock Innovation Award 2007”.
• The textile brand VIMAL re-launched with new look and offerings
• International investment rating agencies Moodys and S&P reaffirmed investment grade rating for international debt of RIL
• Reliance Retail operates 590 stores in 57 cities
Commenting on the results, Mukesh D. Ambani, CMD, Reliance Industries Limited said: “This was a landmark year for Reliance as we delivered record financial and operating performance in challenging and volatile market conditions. Our key investments in oil and gas development and refining are expected to commission this year. I expect them to be key drivers to deliver earnings growth in the near future.”
Reliance Industries Limited
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