Reliance Industries Ltd (RELIANCE) Share Price

Reliance Industries Limited (RIL) is among the largest multinational conglomerations in the world. The company is headquartered in Mumbai, Maharashtra. RIL had a humble beginning as a small textile manufacturing unit set up by Gujarati businessman Dhirubhai Ambani in 1966. The company is named Reliance Textile Industries. Initially, the company focused on the production and export of textiles. The leading brand of the company was ‘Only Vimal’. Following a decade of success, Reliance Textile Industries launched its Initial Public Offer (IPO) in 1977. Reliance Textile Industries changes its name to Reliance Industries to better represent its expanding portfolio. As the years passed, RIL expanded into fields such as petrochemicals, petroleum marketing and refining, among others. In 1991, RIL became one of the world’s largest producers of polyester after the opening of a massive industrial complex in Hazira, Gujarat. 2000 was the year, RIL would set up the Jamnagar Petrochemicals and integrated refinery complex which was stated to be the world’s largest grassroots refinery. In the 2000s, RIL further expanded its portfolio. In 2002, RIL ventured into the Infocomm business with the launch of basic telephony services in 17 states.  In 2002, founder, Dhirubhai Ambani passed away leaving his sons in charge of the company. In the same year, Reliance Petroleum was merged with Reliance Industries. In 2002, RIL discovered India’s largest gas deposit in the Krishna Godavari basin in the Bay of Bengal. 2005 was a momentous year for RIL as the conglomerate reorganised its various businesses through a demerger after a feud between Dhirubhai Ambani’s sons Mukesh and Anil Ambani. Its power generation and distribution, financial services and telecommunication businesses were demerged into separate entities. 2006 was the year RIL ventured into the retail business with Reliance Retail. RIL acquired a majority stake in Indian Petrochemicals Corporation in 2007. In 2011, RIL sold off a large portion of its oil and gas blocks to UK-based oil major BP.  In 2014, Reliance Industries ventured into the news media sector. It purchased a controlling stake in Network18 Media and Investments Limited. In 2016, Reliance Jio was launched. In 2019, RIL become the first Indian company to cross Rs 10 trillion market capitalisation. As of March 2023, RIL exports its products to over 100 countries and has established joint ventures and partnerships with several multinational companies.

Products and services 

RIL operates in multiple industries and sectors and thus offers hundreds of products and services. In the energy sector, RIL is in the business of production of petrochemicals, oil and gas exploration and refining. To this end, RIL operates multiple refineries across the country. RIL also manufactures a whole host of petrochemical products such as jet fuel, gasoline and petrol. In the telecommunications sector, Reliance Jio is one of the largest mobile data providers in the country. The company offers several data packs with high-speed internet. In the retail sector, RIL operates over 1,500 stores across the country under Reliance Retail. RIL is also into television and movie production, music streaming, and sports management through its various media and entertainment businesses. RIL has also invested in renewable energy sources such as solar and wind power. 

Listing 

Reliance Industries is listed on a number of Indian stock exchanges such as BSE, NSE and Madras Stock Exchange, Calcutta Stock Exchange, etc. The company is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.