1. A
REPORT
ON
LIFE AND ACHEIVEMENTS OF DHIRUBHAI AMBANI

2. Dhirubhai Ambani
When you hear the term "Rags to Riches", the name that springs to
mind is "Reliance", and the man who created it,Dhirubhai Ambani.
From near nothing to one of the largest companies in the world in a span
of 50 years. This is the story of a hard-working man who refused to
allow life to control him, and always preferred to control life.
 Dhirubhai Ambani was born on 28 Dec. 1932 as the third son to a
school teacher in Gujarat with moderate means. Ambani moved to
Aden, Yemen when he was 16 for a livelihood. He started his
career as a dispatch clerk before becoming the distributor for Shell
Products. He was later promoted as a manager in an oil filling
station at the port of Aden.
 D.A. returned to India after 10 years and found Reliance
Commercial Company with a capital of Rs.15000/= in Masjid
Bunder in Mumbai in a 350 Sq.ft. space with one telephone, one
table, three chairs and with a business mission of importing
polyester yarn and exporting spices.
 Within a few years, he set up his own factory manufacturing
textiles in Ahmadabad. He gained prominence steadily in the
textile markets, more so because of his fair dealings and excellent
product quality. He began to be called "Dhirubhai" affectionately
by all.
1

3.  His personal life progressed, too. Dhirubhai married Kokilaben,
and they had four children Mukesh and Anil, and daughters Dipti
and Nina. The family of 6 lived in a one-room apartment in the Jai
Hind Society in Mumbai, a tenement building that housed 500
families. Those were the difficult days, and often, Anil and
Mukesh used to share each other's clothes.
 In 1966, Dhirubhai set up a textile mill in Naroda, Gujarat to
manufacture fabrics for suits and saris. This was a big move for
him, which paid off. Within one year, the net profit from this
venture was Rs.13 lakhs. Dhirubhai knew he was on the right track
and wanted to expand. He plowed money back into the mill to buy
more machines, and the business grew by leaps end bounds.
 At that time, Dhirubhai was marketing fabric under the "Vimal”
brand, named after the son of his older brother, Ramniklal
Ambani. In 1968, the Ambani family moved out of their one-room
home in the Jai Hind Society building to a more spacious
apartment in a better locality. Dhirubhai started driving a Cadillac
and later a Mercedes-Benz.
 In 1982, Dhirubhai moved from making polyester fabric at his
mills to manufacturing the polyester filament yarn that goes into
the fabric.
2

4.  In 1985, Reliance had over 1.2 million stock and bond holders.
Dhirubhai held the company's annual general meeting at a Mumbai
football stadium. This was lauded as a "never before" event.
 About 12,000 shareholders attended this meeting with awe, each of
them proud to be part of the Reliance realm. In this meeting,
Dhirubhai announced that he was dropping the word "Textile"
from the company's name, reflective of the great diversification
that was taking place in the group. The company came to be
known as "Reliance IndustriesLimited".
 In February 1986, a stroke left Dhirubhai‟s right side partially
paralyzed, but this did not diminish his involvement in Reliance.
By then both his sons Mukesh and Anil were totally involved in
the company's affairs.
 On June 24, 2002, Dhirubhai suffered a second stroke and slipped
into a coma. He died 12 days later in a Mumbai hospital. He was
mourned all over the world by millions of people. Dhirubhai's
legacy and vision lives on in every inch of the mammoth business
empire that he built.
3

5. Acheivements
June, 1998 : Leading business magazine, Business Barons placed
Dhirubhai Ambani in its list of „India‟s 25 Most Influential Business and
Financial Leaders‟.
June, 1998 : Chosen as ‘Star of Asia’ by Business Week, USA.
June, 1998 : Awarded the Dean‟s Medal by the Wharton School,
University of Pennsylvania for setting an outstanding example of
leadership.
October, 1998 : Dhirubhai Ambani is the only Indian industrialist to
feature in the „Business Hall of Fame‟ in Asiaweek.
July, 1999 : Declared as the „Most Admired Indian Business Leader‟ by
The Times of India
August, 1999 : Placed amongst „The Power 50 - India‟s 50 most
powerful decision-makers in Politics, Business & Finance„, Business
Barons.
December,1999 :Voted as „Indian Businessman of the Century‟ in
Business Barons Global Multimedia Poll.
4

6. December, 1999 : Chosen by the Indian Merchants Chamber as „An
Outstanding Visionary of the 20th Century‟ in recognition of his unique
achievements and contribution in the development of industry and
capital markets in India.
January, 2000 : Voted as „Creator of Wealth of the Century’ in The
Times of India poll.
January, 2000 : Voted the most admired Indian of the millennium in the
field of Business & Economics in „Legends - A Celebration of
Excellence‟ poll audited by Ernest & Young for Zee Network.
January, 2000 : Chosen as one of the three „makers of equity‟ by India
Today in its special millennium issue „100 People Who Shaped India in
the 20th Century‟.
March, 2000 : Indian Entrepreneur of the 20th Century‟ award by
FICCI, for his meticulous scripting of one of the most remarkable stories
of business endeavor of the 20th Century.
November, 2000 : „Man of the Century‟ award by Chemtech
Foundation and Chemical Engineering World for his contribution to the
growth and development of the Indian chemical industry.
August, 2001 : The Economic Times Award for Corporate Excellence
and Lifetime Achievement.
February, 2002 : Conferred the Lifetime Achievement Award by India
HRD Congress.
5

7. Names of major Companies: Reliance Industries Limited, Reliance
Petroleum Limited. These are India's top two private sector companies.
Description of Group's Business: Reliance Group is India's largest
business house with total revenues of Rs 60,000 crores (US$ 12.5
billion), cash flow of over Rs 7,000 crores (US$ 1.4 billion), net profit of
over Rs 4,500 crores (US$ 950 million) and exports of Rs 9,370 crores
(US$ 2 billion). The Group has total assets of Rs 55,000 crores (US$
11.5 billion). The group's activities span petrochemicals, synthetic
fibres, fibre intermediates, textiles, oil & gas, financial services, refining
& marketing, power, insurance, telecom and infocom initiatives.
Reliance emerged as India's Most Admired Business House in a Taylor
Nelson Sofres - Mode (TNS-Mode) survey for 2001 conducted for
Business Barons magazine, June 2001.
Marital Status: Married to Kokilaben, has four children: two sons,
Mukesh, who is Vice-Chairman & Managing Director and Anil,
Managing Director of Reliance Industries and two daughters, Dipti
Salgaocar who lives in Goa and Nina Kothari, who resides in Chennai.
Prime Minister Atal Bihari Vajpayee, while describing Ambani as “an
iconic proof of what an ordinary Indian fired by the spirit of enterprise
and driven by determination can achieve in his own lifetime,” deputed
Minister of State in his office, Vijay Goel to represent him at the funeral
today.
The Prime Minister gave Ambani credit for envisioning the creation of
world-class capacities in core areas of the nation's infrastructure in the
private sector and translating that vision into reality in record time.
6

8. What is Reliance ?
 The Reliance Group is India‟s largest business house with total
revenues being more than $22.6 billion. This is equal to 3.5% of
India‟s GDP. Reliance contributes to 10% of India‟s total indirect
tax and 6% of her total exports. Reliance network of exports spread
out to more than one hundred countries across the globe.
Reliance Industries
Public
Type BSE: 500325
NSE: RELIANCE
Industry Conglomerate
1966 As Reliance
Founded
Commercial Corporation
Founder(s) Dhirubhai Ambani
7

9. Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Mukesh Ambani
Key people
(Chairman & MD)
Oil and Gas
Petroleum
Petrochemicals
Polyester
Products Textiles
Retail
Insurance
SEZ
Telecom
Revenue US$ 58.55 billion (2011)
Net income US$ 4.54 billion (2011)
Total assets US$ 63.84 billion (2011)
Total equity US$ 34.12 billion (2011)
Employees 23,365 (2010)
Reliance Life Sciences
Reliance Industrial
Infrastructure Limited
Reliance Logistics
Subsidiaries
Reliance Clinical Research
Services
Reliance Solar
8

10. Relicord
Infotel Broadband
Website RIL.com
Reliance Industries Limited (RIL)
 (BSE: 500325, NSE: RELIANCE, LSE: RIGD) is the largest private sector
conglomerate company headquartered at Mumbai, India. The company is
largest by annual turnover of $58.5 billion and market capitalization of
$76.9 billion for the fiscal year ending in March 2011 making it one of the
largest India's private sector companies, being ranked at 264th position in
the Fortune Global 500 (2009) and at the 126th position in the Forbes
Global 2000 list (2010).
 Reliance was founded by the Indian industrialist Dhirubhai Ambani in 1966.
Ambani has been a pioneer in introducing financial instruments like fully
convertible debentures to the Indian stock markets. Ambani was one of the
first entrepreneurs to draw retail investors to the stock markets. Critics
allege that the rise of Reliance Industries to the top slot in terms of market
capitalization is largely due to Dhirubhai's ability to manipulate the levers
of a controlled economy to his advantage.
 Though the company's petrochemicals, refining, and oil and gas-related
operations form the core of its business, however, other segment of the
company includes textile, retail business, telecommunications and special
economic zone (SEZ) development. After severe differences between the
founder's two sons, Mukesh Ambani and Anil Ambani, the group was
divided between them in 2006. In September 2008, Reliance Industries was
the only Indian firm featured in the Forbes's list of "world's 100 most
respected companies". In 2010, it stood at 13th position in the Platts Top
250 Global Energy Company Rankings.
9

11. Board Of Directors
Designation Member Name
Chairman & Managing Director Mukesh D Ambani
Executive Director Nikhil Meswani
Hital Meswani
PMS Prasad
Director Ramniklal H Ambani
Mansingh L Bhakta
Yogender P Trivedi
Dharam Vir Kapur
Mahesh P Modi
Ashok Misra
Dipak C Jain
Ragunath A Mashelkar
WTD & Executive Director Pawan Kumar Kapil
Products
Reliance Industries Limited has a wide range of products from petroleum products,
petrochemicals, to garments (under the brand name of Vimal), Reliance Retail has
entered into the fresh foods market as Reliance Fresh and launched a non-veg
chain called Delight Reliance Retail and NOVA Chemicals have signed a letter of
intent to make energy-efficient structures.
10

12. Major subsidiaries and associates
Reliance Life Sciences is a research-driven, biotechnology-led, life sciences
organization that participates in medical, plant and industrial biotechnology
opportunities. Specifically, these relate to Biopharmaceuticals,
Pharmaceuticals, Clinical Research Services, Regenerative Medicine,
Molecular Medicine, Novel Therapeutics, Biofuels, Plant Biotechnology and
Industrial Biotechnology.
Reliance Institute of Life Sciences (Rils), established by Dhirubhai Ambani
Foundation, is an institution of higher education in various fields of life
sciences and related technologies.
Reliance Logistics (P) Limited is a single window solutions provider for
transportation, distribution, warehousing, logistics, and supply chain needs,
supported by in house state of art telematics and telemetry solutions.
Reliance Clinical Research Services (RCRS), a contract research
organization (CRO) and wholly owned subsidiary of Reliance Life Sciences,
has been set up to provide clinical research services to pharmaceutical,
biotechnology and medical device companies.
Reliance Solar, The solar energy initiative of Reliance aims to bring solar
energy systems and solutions primarily to remote and rural areas and bring
about a transformation in the quality of life.
Relicord is the first and one of the most dependable stem-cell banking
services of South East Asia offered by Mukesh Ambani controlled by
Reliance Industries.
Infotel Broadband is a broadband service provider, it is wholly owned by
RIL for 4,800 crore (US$1.07 billion).
Reliance Industrial Infrastructure Limited
Reliance Industrial Infrastructure Limited (RIIL) was incorporated in September
1988 as „Chembur Patalganga Pipelines Limited‟, with the main object to build and
operate cross-country pipelines for transporting petroleum products. The
company's name was subsequently changed to CPPL Limited in September 1992,
and thereafter to its present name „Reliance Industrial Infrastructure Limited‟ in
March 1994. It has been promoted by Mr. Satyapal Jain and his associates. The
company set up a 200-millimetre diameter twin pipeline system that connects the
Bharat Petroleum refinery at Mahul, Maharashtra to Reliance‟s petrochemical
complex at Patalaganga, Maharashtra.
11

13. The pipeline carries petroleum products including Naptha and Kerosene. It has
commissioned facilities like Supervisory Control and Data Acquisition system and
the Cathodic Protection system, a Jackwell at River Tapi and a Raw Water Pipeline
System at Hazira. The infrastructure company constructed a 70,000 kilolitre
petrochemical product storage and distribution terminal at the Jawaharlal Nehru
Port Trust (JNPT) Area in Maharashtra. RIIL is mainly engaged in the business of
setting up and operating Industrial Infrastructure. The company is also engaged in
related activities involving leasing and providing services connected with computer
software and data processing.
Reliance retail
Reliance Retail is the retail business wing of the Reliance business. Many brands
like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Digital,
Reliance Wellness, Reliance Trendz, Reliance Autozone, Reliance Super, Reliance
Mart, Reliance iStore, Reliance Home Kitchens, and Reliance Jewel come under
the Reliance Retail brand
Mergers,Joint Ventures & Take-Overs
2011
BP DEAL
In February 2011, Reliance Industries announced the formation of a strategic
partnership with British energy giant, BP Plc, worth US $7.2 billion. The
partnership will see BP taking a 30 per cent stake in 23 oil and gas production
sharing contracts operated by RIL in India, including the producing KG-D6 block,
and formation of a 50:50 joint venture between the two companies for the sourcing
and marketing of gas in India. The joint venture will also endeavor to accelerate
the creation of infrastructure for receiving, transporting and marketing of natural
gas in India. It will combine Reliance‟s project management and operations
expertise with BP‟s world-class deepwater exploration and development
capabilities. As a part of this deal, BP will pay Reliance Industries Ltd. an
aggregate consideration of US$7.2 billion, plus an additional sum of approximately
$1.8billion in future performance-related payments.
12

14. The deal was approved by Government of India in July 2011 and it sanctioned
development of 21 of 23 exploration blocks. Covering approximately 270,000
square kilometers of oil and gas acreage, the joint venture will be India‟s largest
private sector holder of exploration acreage.
DE SHAW DEAL
In March 2011, Reliance Industries and D. E. Shaw group announced the
formation of an exclusive a joint venture to build a leading financial services
business in India. The joint venture will draw upon core competencies of both
partners; incorporating Reliance‟s operational knowledge and extensive presence
across India with D. E. Shaw group‟s investment and technology expertise to offer
an array of financial services to the Indian market. According RIL‟s official
statement, the JV seeks to “build a leading financial services business in India.”
Through this venture, Reliance Industries is looking to cater to both corporate and
consumers through a wide array of next-generation financial services products,
including energy and carbon trading, private equity, mutual funds, and other
security-linked offerings.] The 50:50 JV has been named DE Shaw India Financial
Services Pvt. Ltd. and, at the outset, it will look to invest in institutional and asset
management business starting with a private equity fund.
2010
ATLAS ENERGY DEAL
In April 2010, Reliance Industries announced its plans to invest $1.7 billion in a
joint venture with Atlas Energy Inc. to develop shale gas assets in Marcellus region
in the U.S. RIL and Atlas Energy agreed to acquire 42,344 highly prospective
Marcellus Shale acres in Fayette, Washington, Indiana, Westmoreland, Armstrong
and Clarion Counties of Pennsylvania for an average purchase price of $4,532 per
acre. As a result of these transactions, the RIL-Atlas joint venture now controls
approximately 343,000 Marcellus shale acres. This acreage is contained within the
area of mutual interest (AMI) Atlas has established with Reliance. Presently, RIL
stakes 40% undivided interest in the new acreage (120,000 net to Reliance) while
Atlas has 60% undivided interest in the acreage. Atlas Energy Inc. will serve as the
development operator for the joint venture.
13

15. In addition to funding its own 40% of drilling obligations, Reliance agreed to fund
75 percent of Atlas‟ respective portion of drilling and completion costs until the
$1.36 billion drilling carry is fully utilized. Atlas and Reliance agreed upon a five-
year development plan that calls for the drilling of approximately 300 wells by
2014. The investment is likely to be scaled up to $3.5 billion over the decade.
PIONEER NATURAL RESOURCES COMPANY DEAL
In June 2010, RIL, through its subsidiary, Reliance Eagle Ford Upstream LP,
entered into a joint venture with Pioneer Natural Resources Company under which
Reliance acquired a 45% interest in Pioneer's core Eagle Ford shale acreage
position in two separate transactions. As per the agreement, Pioneer, along with
Newpek LLC (Pioneer's operating partner in core Eagle Ford shale acreage)
simultaneously conveyed 45% of their respective interests in Eagle Ford to RIL.
Pioneer and Newpek LLC, however, continue to hold 46% and 9% stake
respectively in gas acreages.
The joint venture will have an approximate net working interest of 91% in 289,000
gross acres, entailing nearly 263,000 net acres. RIL agreed to an estimated amount
of $1.315 billion for its implied share of 118,000 lakh net acres. This upstream
transaction consideration includes combined upfront cash payments of $263
million and deferred payments of $1.052 billion associated with a carry
arrangement for 75% of Pioneer's and Newpek's capital costs over an anticipated
four years. While Pioneer will serve as the development operator for the upstream
joint venture, Reliance is expected to serve as the development operator in certain
areas.
CARRIZO OIL & GAS INC DEAL
In September 2010, RIL, through its subsidiary, Reliance Marcellus II, LLC,
entered into a joint venture with U.S based Carrizo Oil & Gas Inc. As per the
agreement, Reliance acquired a 60% interest in Marcellus shale acreage in Central
and Northeast Pennsylvania which was previously held in a 50:50 joint venture
between Carrizo and ACP II Marcellus LLC - an affiliate of Avista Capital
Partners.
14

16. In agreement to the joint venture, Reliance acquired 100% of Avista's interest and
20% of Carrizo's interests in the JV. Presently, Reliance and Carrizo respectively
own 60% and 40% interests in the newly formed joint venture between the
companies. Reliance agreed to a total consideration of $392 million, of which $340
million will comprise the initial payment and $52 million in drilling carry
obligations.
The joint venture will control 104,400 net acres of undeveloped acreage in core
areas of the Marcellus shale in Central and Northeast Pennsylvania. RIL‟s 60%
interest will represent approximately 62,600 net acres of this acreage. The JV is
expected to support the drilling of approximately 1,000 wells over the period of 10
years, with a net resource potential of about 3.4 TCFe (2.0 TCFe net to Reliance).
SIBUR DEAL
In December 2010, Reliance Industries and leading Russian petrochemicals
company SIBUR announced the formation of a joint venture for production of
butyl rubber in India, with RIL holding a majority stake in the same. As per the
agreement, a joint venture facility with an initial capacity of 100,000 tonne of butyl
rubber will be commissioned by 2013 at RIL‟s integrated refining-cum-
petrochemical site in Jamnagar, India. The JV facility will initially produce regular
butyl rubber and is expected to manufacture other types of butyl rubber specialties
in the future. SIBUR will provide its proprietary technology for butyl rubber
polymerization and finishing, while RIL will supply monomers and provide the JV
with world-class infrastructure and utilities.
This JV was inked in an effort to cater to India‟s growing automotive sector and
fuel RIL‟s vision of emerging as a significant global player in the synthetic rubber
business. Anticipated investment involved in this project is expected to be around
USD 450 million.
INFOTEL TAKE OVER
In June 2010, Reliance Industries entered into an agreement to acquire a substantial
stake in Infotel Broadband Services Pvt. Ltd. - a successful bidder in all the 22
circles of the auction for Broadband Wireless Access (BWA) Spectrum conducted
by the DoT. Following the acquisition, Reliance agreed to invest about Rs. 4,800
crore by way of subscription to fresh equity capital at par to be issued by Infotel
Broadband.
15

17. Infotel Broadband has been included as a subsidiary of Reliance Industries Limited
and Unlisted Infotel Broadband Services agreed to pay Rs. 12,848 crore ($2.7
billion) for the spectrum to the government.
This deal marks RIL‟s entry into India‟s telecom sector. After announcing this
deal, RIL, in its official stamen said, “RIL‟s initiative will usher in a wireless
broadband revolution in both, the urban and the rural areas all across the country
by providing end-to-end data solutions for business enterprises, social
organizations, educational and healthcare institutions and Indian consumers. This
will give a fillip to rural upliftment by seamlessly connecting information and
markets to the rural population on a real-time basis and will help bridge the rural-
urban divide in terms of access to knowledge and information.”
2008
HUALON CORP AGREEMENT
In September 2007, Reliance Industries acquired the assets of Hualon Corporation
- a leading polyester to textile manufacturing company and exporter in Malaysia
with a polyester (fibre, yarn and resin) manufacturing capacity of half a million
tons per annum along with downstream textile manufacturing capabilities spread
over two locations in Malaysia, in Nilai and Malacca. This acquisition bestows
RIL with more than 7% global market share in polyester fibre and yarn.
This acquisition is the second international acquisition by RIL in the polyester
sector after it successfully took over Trevira in Germany in 2004. Following this
deal, RIL Chairman Mukesh Ambani noted that the integrated assets of Hualon
will help RIL comprehend the entire textile value chain and RIL will “graduate to
become a solution provider to the global textile industry. This acquisition reiterates
our strong commitment to the growth of polyester.”
GAPCO TAKE OVER
In September 2007, Reliance Industries acquired a majority stake and the
management control of Gulf Africa Petroleum Corporation (GAPCO), a company
with a significant presence in East Africa in the petroleum downstream sector. The
acquisition has been made through a wholly owned subsidiary of RIL, Reliance
Industries Middle East, Dmcc (RIME), a company registered in United Arab
Emirates.
16

18. Following the deal, RIL noted that GAPCO was a strategic acquisition which
would give it access to the rapidly growing economies of east Africa, where
demand for petroleum products is on the rise. It also said that acquisition of
GAPCO is a strategic step towards achieving RIL‟s global vision in the petroleum
downstream sector by integrating the entire value chain consisting of Refining,
Shipping, Trading, Terminalling and Marketing through retail and wholesale
segments. Reliance holds significant expertise in the petroleum downstream sector
in India and by leveraging on this expertise, RIL hopes to significantly contribute
to the petroleum downstream sector in East Africa and play key role in the
economic growth of the region.
2007
IPCL MERGER
In March 2007, The Board of Directors of Reliance Industries announced the
merger of Indian Petrochemicals Corporation Limited (IPCL) - a leading
commodity polymers firm - with RIL. RIL and IPCL are known industry leaders in
the petrochemicals sector. As part of the divestment program of the Government of
India, RIL acquired 26% equity in IPCL in the year 2002 and thereafter increased
its holding to 46% through an open offer. From 2002 to 2007, several initiatives
were introduced to increase capacity utilization, reduce operating costs and
improve financial management of IPCL‟s operations, with the support of RIL,
creating significant improvement in IPCL‟s capital structure. The merger assured
shareholders of IPCL an opportunity to de-risk their investment by participating in
the growth opportunities at RIL. It also sought the integration of management
resources with economic interest while providing for free flow of products and
intellectual capital between the two companies. The merger came into effect in
September 2007.
2004
NOCIL TAKEOVE
In Januray 2004, Reliance Industries announced its plans to take over the
petrochemical and plastic products divisions of National Organic Chemicals
Industries Ltd (Nocil), via its associate company Sunbright Cement Agencies.
17

19. Faced with financial and labour trouble, the Arvind Mafatlal group-promoted Nocil
shut down on April 16, 2002, after many failed restructuring proposals. Sunbright,
a business associate of Reliance, signed a Memorandum of Understanding (MoU)
with Nocil, according to which, assets of Nocil's petrochemicals division, certain
liabilities of the company, and businesses and undertakings of the plastic products
division as a going concern basis would be demerged from Nocil and be vested in
wholly owned subsidiary Nocil Petrochemicals Ltd (NPL).
With this acquisition, Reliance, which already holds 70 per cent of India's
petrochemicals business added another 65,000 tpa of ethylene, 35,000 tpa of
propylene, 17,000 tpa of Benzene and 10,000 tpa of Butadene capacity to its
existing petrochemicals process.
2003
RIL - Bongaigaon Refinery & Petrochemicals Ltd DEAL
In November 2003, Reliance formed a strategic alliance with Bongaigaon Refinery
& Petrochemicals Ltd. (BRPL) to restart PSF manufacturing at BRPL. Under this
alliance, RIL agreed to provide technical and manufacturing support for achieving
both full capacity utilization and quality excellence. In addition, RIL was
responsible for raw material supply and marketing the entire output while BRPL
retained control over operations and maintenance of the plant. A 50:50 profit
sharing ratio was agreed upon by both parties.
As a part of this deal, RIL was handed the charge of BRPL‟s PSF plant at
Dhaligaon in Assam, with PSF capacity of 34,200 MT per annum and production
capacity of 45,000 MT of dimethyl terephthalate (DMT) feedstock for PSF
production annually. The plant had been shut down because of the uneconomical
size of the plant and logistical difficulties faced in sourcing raw materials and
marketing of finished petro products in distant markets. The alliance sought to
garner additional volumes from the new tie-up and help the group strengthen its
position.
RIL DUPONT DEAL
In March 2002, Reliance signed a Memorandum of Understanding (MOU) with its
partner of 20 years DuPont Polyester Technologies (DPT) to license the
revolutionary resin technology known as NG-3 from DuPont. Through this deal,
18

20. Reliance looked to expand its existing RelpetTM polyester packaging resin (PET)
capacity of 80,000 tonnes per year to 300,000 tonnes per year by building the
world‟s first plant based on the NG-3 process. The deal looked at establishing a
new world-scale plant, to be located alongside the existing facility for RelpetTM at
Hazira, with a capacity of 220,000 tonnes per year. The new plant sought to
employ NG-3, the "newest generation" process from DuPont, uniquely designed to
produce high molecular weight PET resin for the fast-growing bottle market, end
users for which include packaging for brand name carbonated soft drinks and
bottled drinking water.
The new range of RelpetTM products from the DuPont NG3 technology contracted
to deliver customers in both domestic and overseas quarter the twin benefits of
shorter moulding cycle times and lower energy consumption in the production of
bottles.
2002
RIL - RPL MERGER
In March 2002, the merger of Reliance Petroleum Limited with Reliance Industries
Limited was announced after consensual agreement between boards of the two
companies. This merger was noted as the largest ever merger in India. Following
this merger, Reliance Industries became the largest private sector company in India
on all major financial parameters including sales, profits, net worth, assets, and
export. The exchange ratio recommended by both boards was 1 (one) share of RIL
for every 16 (sixteen) shares of RPL. RIL agreed to issue 6.92 crore new shares,
thereby increasing its equity capital to Rs 1,643 crore. It also led RIL to enclose
3.7 million shareholders.
As per the merger agreement, RIL‟s holding in RPL stood to be cancelled,
although RIL would go on to become one of the top 10 private sector refining
companies of the world. Also, through this merger, RIL stood to become the
world‟s largest producer of Ultra Clean Fuels at single location. The merger would
catapult RIL among the world's 50 most profitable companies; top 10 among the
non-state owned refining companies; top 15 of independent upstream companies
and the fifth-largest producer of poly-propylene.
The merger was agreed upon to unlock significant operational and financial
synergies that exist between RIL and RPL.
19

21. Environmental record
Reliance Industry is the worlds largest polyester producer and as a result one of the
largest producers of polyester waste in the world. In order to deal with this large
amount of waste they had to create a way to recycle the waste. They operate the
largest polyester recycling center that uses the polyester waste as a filling and
stuffing. They use this process to develop a strong recycling process which won
them a reward in the Team Excellence competition.
Reliance Industries backed a conference on environmental awareness in New Delhi
in 2006. The conference was run by the Asia Pacific Jurist Association in
partnership with the Ministry of Environment & Forests, Govt. of India and the
Maharashtra Pollution Control Board. The conference was to help bring about new
ideas and articles on various aspects of environmental protection in the region.
Maharashtra Pollution Control Board invited various industries complied with the
pollution control norms to take active part in the conference and to support as a
sponsor. The conference proved effective as a way to promote environmental
concern in the area.
Awards and recognition
International Refiner of the Year in 2005 at the 23rd Annual Hart's World
Refining and Fuels Conference .
According to survey conducted by Brand Finance and The Economic Times
in 2010, Reliance is the second most valuable brand in India.
Awards for managers
Mukesh D. Ambani received the United States of America-India Business
Council (USIBC) leadership award for "Global Vision" 2007 in Washington
in July 2007.
Mukesh D. Ambani was conferred the Asia Society Leadership Award by
the Asia Society, Washington, USA, May 2004.
21

22. Mukesh D. Ambani is The Economic Times Business Leader of the Year
Mukesh Ambani was ranked as the 74th Most Trusted Individual in India in
an early 2010 survey conducted by the Indian edition of Readers' Digest
Stock
According to the company website "1 out of every 4 investors in India is a
Reliance shareholder.". Reliance has more than 3 million shareholders, making it
one of the world's most widely held stocks. Reliance Industries Ltd, subsequent to
its split in January 2006 has continued to grow. Reliance companies have been
among the best performing in the Indian stock market.
Being the most valued Indian company, RIL also had it‟s share of ups and downs,
On May 30, 2011 RIL stock slumped 4% as investors were found fretting over
reports that the Central Bureau of Investigation was probing a former upstream
regulator for his alleged favoring of private-sector energy companies.The leaked
CAG‟s draft report affected RIL‟s shares, making the stock descent by 10.5
percent by 23rd of June, 2011.
RIL also lost it‟s status as India‟s most valuable firm on the 17th of August, 2011
to Coal India as RIL‟s stock value decreased to 70% of the value in 2011.However,
on 29th August, 2011, RIL regained it‟s no 1 position as India's most valued firm
status by toppling state run ONGC.
22