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PX expansion to give RIL 15% of global capacity

12 Oct '07

3 min read

Reliance targeting 10 billion barrels of oil equivalent of 2P gross reserves globally.

Reliance is expanding its oil and gas portfolio outside of India. The oil and gas upstream footprint of Reliance now spans the globe - Oman, Yemen, Colombia, East Timor, Northern Iraq and Australia.

In the pilot phase, Reliance Retail has opened 300 stores in 30 cities and 12 states since its launch November 2006, 300 stores have been opened. Organised retail initiative to gain momentum once the benefits are fully understood.

The company is extending its growth model to forge new partnerships such as those with Chevron in the Jamnagar refinery expansion project and with world leaders in consumer products in organized retailing.

Given its imperative to invest in innovation, RIL will be building a Reliance Centre for Technology at Navi Mumbai to go with an Innovation Council at Pune which will have several Nobel Prize winners and global thought leaders.

In the last 5 years, Reliance shareholders have seen the value of their stock growing exponentially. Between March 2002 and yesterday, the market capitalization of the company grew from Rs. 41,989 crore (US$ 8,604 million) to Rs. 382,259 crore (US$ 97,267 million).

Reliance emerging as India's first true multinational; on global size, scale and presence.

In the last one year, Reliance has more than doubled its exports in value terms to Rs. 66,627 crore (US$ 15,327 million).

Return on equity has improved from 14.8% to 23.5% in the last five years. During the same period, return on capital employed has improved from 13.2% to 20.5%.

Reliance Industries Limited

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