Reliance Industries ltd (RIL)

Reliance Industries (RIL), established in 1966, is the flagship company of the Reliance group. The company started with textiles and thereafter backward vertical integrated in polyester, fiber intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production. RIL is a leading producer of polyester yarn and fiber producer and amongst the major producers of petrochemical products in the world. The company`s operations can be classified into three segments that of Petroleum Refining and Marketing business, Petrochemicals business and Others (including Crude Oil and Natural Gas Exploration & Production business) Presently, the company`s activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles and retail. Some of RIL`s group companies include Reliance Petroleum Limited (RPL), Reliance Retail Limited, Indian Petrochemicals Corporation Limited (IPCL) and Reliance Industrial Infrastructure Limited. RIL has manufacturing facilities at Naroda, Patalganga, Hazira and Jamnagar. Financials RIL registered 14.03% growth in net profits to Rs 28,530 million for the quarter ended March 2007 from a profit of Rs 25,020 million for the quarter ended in March 2006. Net sales for the quarter rose 5.51% to Rs 258,950 million for the quarter ended March 2007 from Rs 245,420 million for the quarter ended March 2006.Total income rose 5.49% to Rs 259,800 million for the quarter ended March 2007 from Rs 246,290 million for the quarter ended March 2006. The earnings per share (EPS) of the company stood at Rs 20.50 in the quarter ended March 2007.