Reliance Textile

Sensing a good opportunity in the textile business,

Dhirubhai started his first textile mill at Naroda, in
Ahmedabad in the year 1977. Textiles were
manufactured using polyester fibre yarn. Dhirubhai
started the brand "Vimal", which was named after
his elder brother Ramaniklal Ambani's son, Vimal
Ambani. Extensive marketing of the brand "Vimal"
in the interiors of India made it a household name.
Franchise retail outlets were started and they used
to sell "only Vimal" brand of textiles. In the year
1975, a Technical team from the World Bank
visited the Reliance Textiles' Manufacturing unit.
This unit has the rare distinction of being certified
as "excellent even by developed country
standards" during that period.

Reliance Logistics
Important past events
Reliance Logistics Private Limited earned its ISO 9001-2000
certification in the fiscal year 2004-05 for over 100 of its branches
and 23 distribution centers by LRQA. In its first year of inception
RLPL had a total turnover of Rs.319 crore. In the fiscal year 2002-
03 RLPL commenced the transportation of RIL liquid chemicals
and IPCL products. The same year it also launched non-RIL
transportation services and increased its turnover to Rs.580 crore.
The fiscal year 2003-04 marked the initiation of petro oil and
lubricants transportation as well as the formation of 16 associated
Companies was completed. The distribution business and real
time tracking unit installation was also initiated the same year.
Multimodal transportation was initiated in the year 2005-06 and
the turnover for RLPL was Rs.1531.85 crore. RLPL initiated its
package delivery services and incorporated Infinite Logistics
Solution Pvt. Ltd. in 2006-07 along with incorporating Relogistics
India Pvt. Limited by merging 16 associated companies in one
entity. RLPL uses IT support and in-house Telematics and
Telemetry technology in order to facilitate its logistics business.
RLPL and Container Corporation of India Ltd. formed a Joint
Venture in 2007 to incorporate Infinite Logistics Solution Pvt. Ltd.
with a 51:49 shareholding to provide end to end inter
modal solutions to its customers.
RIL RPL
Merger Details:
Under the terms of the proposed merger, RPL shareholders will
receive 1 (one) share of RIL
for every 16 (sixteen) RPL shares held by them.
The appointed date of merger of RPL with RIL is 1st April
2008.
RIL will cancel its holding in RPL.
Based on the recommended merger ratio, RIL will issue 6.92
crore new equity shares to the
existing shareholders of RPL. This will result in a 4.4% increase
in equity base from
Rs 1,574 crore to Rs 1,643 crore. Consequently, the promoter
holding in RIL will reduce
from 49.0% to 47.0%
Advisors to the merger are as follows:
Valuation Advisors : Ernst & Young Pvt. Ltd. and
Morgan Stanley India Co. Pvt. Ltd.
Transaction Advisors : JM Financial Consultants Pvt. Ltd. and
Kotak Mahindra Capital Co Ltd.
Fairness Opinion : DSP Merrill Lynch Ltd. (for RIL) and
Citigroup Global Markets India Pvt. Ltd (for RPL)
Legal Advisor : Amarchand & Mangaldas & Suresh A. Shroff &
Co.
Tax Advisor : PriceWaterhouse and Coopers Pvt. Ltd.
The proposed merger is subject to all necessary approvals. All
other procedural aspects of
the proposed merger, and the timetable for implementation, will
be communicated separately.

IPCL Acquisition

Reliance acquired control of Indian Petrochemicals Corporation

Limited (IPCL) on June 4, 2002.

This acquisition prepares Reliance, together with IPCL, to

compete on a stronger footing in the global market, where major
petrochemical companies follow a strategy of market
consolidation.

To illustrate, the top five global players in polyethylene and

polypropylene enjoyed a share of 25% of the global market in
1994.

By the year 2004, they would command more than 35% of the
global market.
Together with IPCL, Reliance would rank as the 11th largest
polymer producer in the world.

However, this combined polymers manufacturing capacity, of 26

lakh tonnes per year, would still be only about one third of the
capacity of Dow, the largest manufacturer of polymers in the
world.

I am delighted to mention that Reliance has turned around IPCL's

performance in the very first quarter.

Production has increased by 25%, profit before tax by 140% and

interest cost has reduced by 30%.

This represents a realisation of all synergies at lightning speed.

Reliance will continue to look for opportunities, in India and

abroad, to improve market leadership, through an appropriate mix
of 'bolt-on' acquisitions and globally competitive organic growth.
1973

- On 8th May the company was incorporated in Karnataka state as a

public limited company under the name Mynylon Ltd. to manufacture
synthetic blended yarns and fabrics, polyester filament yarn,
polyester
glass shells and colour TV picture tubes.

1975

- On 28th June this company was converted into a public limited

company.

- On 11th February 1966 a company by name of Reliance Textiles

Industries Pvt Ltd was incorporated in Maharashtra. It established
a
synthetic fabrics mill in the same year at Naroda in Gujarat.

- On 1st July, Reliance Textile Industries Ltd, was amalgamated with

Mynylon Ltd.

1977

- With effect from 11th March 1st the name of Mynylon Ltd was
changed
to Reliance Textiles Industries Ltd. The company manufactures
synthetic blended yarns and fabrics polyester filament yarn
polyester
staple fibre chemicals and allied products colour TV glass shells
and
colour TV picture tubes. The Company's yarns are marketed under
various brand names such as Texalit, Textron, Texlene, Poly dyed and
polytwist. The company's fabrics are marketed under the brand name
VIMAL.

- On November Dhirajlal H Ambani and Natvarlal H Ambani along with

some
other existing shareholders offered for sale at par to the public.
28,20,000 equity shares of the Company in order to get the shares of
the company listed on the stock Exchange at Mumbai.

1979

- During the year Sidhpur Mills Co. Ltd which has an installed
capacity
of 38,368 spindles and 490 looms was amalgamated with the company.
In
terms of the scheme of amalgamation, the company was to issue and
allot
for every one equity share of Rs. 100 each of Sidhpur, 2 equity
shares
of Rs.10 each and one bond of Rs.80 of the company.

- The Company allotted a total of 1,12,000 No. of equity shares of

Rs
10 each and 35,000 - 11% bonds of Rs 80 each to the shareholders of
Sidhpur Mills.

1980

- Company was set up Polyestr Filament Yarn Plant at Patalganga in

Raigad district of Maharashtra with the financial and technical
collaboration with E.I Du Pont De Nemours & Co; USA.

- The Company received a letter to intent from the manufacture of

10,000 tonnes per annum of polyester filament yarn. Financial and
technical collaboration was finalized with E.I. Du Pont De Nemours &
Co., U.S.A.

1982

- 5,50,000 - 13.5% Pref. shares issued as Rights to equity share

holders. 19,20,000 equity shares issued to debentureholders (Series
III) as per the terms of that issue. 815 No. of equity shares
allotted
out of the Rights issue of 1981.

1983

- 111,56,741 Bonus Equity shares issued in propn. 3:5. 64,00,000

No.
of Equity shares of Rs 10 each issued in part conversion of debs.
(iv
series) on 30.9.1983. Of these, 24,00,000 shares issued as
additional
entitlement to debentureholders (iv series) on account of bonus
issue.

1984

- 101,24,675 No. of Equity shares allotted conversion of

non-convertible portion of debentures of Series I, II, III and IV of
the total value of Rs 7231.92 lakhs in prop. 1:4. Equity shares of
Rs
10 each for every Rs 100 of debentures (100,28,359 shares in 1984
and
96,316 shares in 1985). 53,33,333 No. of equity shares issued
(prem.
Rs 40 per share) on part conversion of `E' Series debentures as on
30.4.1985. Rate of dividend on 13.5% pref. shares increased to 15%
effective from 16.5.1984.

1985

- A letters of intent were received for the manufacture of 50,000

tonnes per annum of high density polyethylene (HDPE) and 1,00,000
tonnes per annum of poly vinyl chloride (PVC). Technical
collaboration
agreements were signed with Du Pont for HDPE and with B.F. Goodrich
&
Co., for PVC. Steps were also taken to set up a project for the
manufacture of mono ethylene glycol (MEG), a basic raw material
required for the polyester industry. A Collaboration agreement was
entered into with Scientific Design company, New York for this
project.

- The Company installed an additional capacity of 15,125 tonnes per

annum of polyester yarn.

- With effect from 1st October the running business of the Sidhapur
unit was taken over by Devti Fabrics Ltd, is a subsidiary of the
company.

- The name of the company was again changed from Reliance Textiles
Industries Ltd to Reliance Industries Ltd with effect from 27th
June.

- On 30th September Devti Fibres Ltd became a subsidiary of the

company. Trishna Investments and Leasing Ltd., Reliance Industrial
Investments & Holdings Ltd., Reliance Petroproducts Ltd. also
subsidiaries of the Company.

- Steps were in progress for implementing a project for the

manufacture
of purified terepthalic acid with a capacity of 75,000 tonnes per
annum
in technical collaboration with Imperial Chemical Industries UK and
UOP
Processes International Inc. USA. This plant was commissioned
during
the year.

1986

- On March a plant for the manufacture of Polyster Staple Fibre was

commissioned in technical collaboration with F.I DU Pont De Nemours
and
Co. USA.

- During the same year company set up a project for the manufacture
of
linear alkyl benzene in technical collaboration with UOP Processes
International Inc. USA.

- As a measure of diversification the company undertook to set up a

project for the manufacture of 50,000 tonnes per annum of linear
alkyl
the manufacture of 50,000 benzene in technical collaboration with
UOP
Processes International Inc., U.S.A.

1987

- Three letters of intent were converted into industrial licenses.

Subsequent to 30th June, all these industrial licenses were
transferred
to Reliance Petrochemicals, Ltd., a company incorporated as a
subsidiary of the company.

- 689,65,480 No. of Equity shares allotted (prem. Rs 62.50 per

shares)
in conversion of `G' series debs. Out of which 660,30,100 shares
allotted in respect of earlier conversion of debs. 300,00,000
Rights
shares than issued (prem. Rs 50 per share; prop. 1:4) (all were
taken
up 14,60,000 additional shares were allotted to retain
over-subscription for rights. Along with the Rights issue,
14,00,000
No. of Equity shares were offered to employees at a prem. off Rs 50
per
share (under Employees Stock Option Scheme) but only 1,11,695 shares
taken up. The balance 12,88,305 shares allowed to lapse.

1988

- Linear Alkyl Benzene Project was commission on the second quarter

of
the year. LAB is sold under the brand name Relab.

1989

- During the year approval was received under the board branding
scheme
for the manufacture of 15,000 tonnes per annum of PFY under the
description PSF/PFY with in the licensed capacity PSF.

1990

- During the year pursuant to the policy announced by Govt.

regarding
minimum economic scale, the company embarked upon expansion of PTA
capacity from 1,00,000 tonnes to 2,00,000 tonnes per annum. The
project is being undertaken in technical collaboration with John
Brown
Engineers & Constructors Ltd. UK.

- During the year the company entered into a Memorandum of

Understanding with West Bengal Industrial Development Corporation
Ltd.
for setting up a joint sector project for the manufacture of 15,000
tonnes per annum of polyester filament yarn. In December a joint
sector agreement was entered into for setting up a new company under
the name Reliance Bengal Industries Ltd.

-The technical collaborator for PFY and PSF was DuPont, US, and for
PTA,
UOP Processors, US, and ICI, UK.

1991

- A technical collaboration agreement for 10 years was entered into

with Stone And Webster Engineering Corporation USA for production of
4
lakh TPA of ethylene, 1.95 lakh TPA of propylene and 1.20 lakh TPA
of
mixed C4 stream.

- During the period company commissioned its 1,00,000 TPA Ethylene

Oxide and Mono Ethylene Glycol plant at Hazira.

- In Series - `H' Debentures, 304,00,000 - 12.5% secured redeemable

partly convertible debentures of Rs 150 each offered on Rights basis
in
the proportion 1 debenture: 5 equity shares held. Additional
45,60,000
debentures were allotted to retain over subscription. 15,20,000
debentures were offered to employees' on an equitable basis. Only
15,00,000 debentures taken up. The unsubscribed portion of 20,000
debentures were allowed to lapse. Rs 55 of the face value of each
debenture was to be converted into 1 equity shares of Rs 10 each at
a
premium of Rs 45 per share at the end of 18 months from the date of
allotment. Remaining Rs 95 of the face value of each debenture was
to
be redeemed at par on the expiry of 10 years from the date of
allotment.

- In Series - `J' Debentures 76,00,000 - 14% secured redeemable

non-convertivle debentures of Rs 150 aggregating to Rs 114 crores
attached with a detachable warrant, to the equity shareholders on
rights basis in the proportion of one debenture for every 20 equity
shares held. Additional 11,40,000 debentures were allotted to
retain
over subscription. The debentures of Rs 150 would be redeemed on
the
expiry of 10 years from the date of allotment.

- In Series - `K' Debentures 265,50,000 - 17.5% Secured redeemable

non-convertible debentures of Rs 100 aggregating Rs 265.50 crores to
the equity shareholdes on Rights basis in the proportion of 1
debenture
for every 6 equity shares held. These debentures would be redeemed
on
the expiry of 10 years from the date of allotment.

In 1991-92, RIL commissioned a petrochemicals unit to manufacture

HDPE
and PVC at Hazira, Gujarat, in technical collaboration with DuPont
and
BF Goodrich respectively.

1992

- With effect from 1st March Reliance Petrochemicals Ltd. was merged
with the Co. As per the scheme of amalgamation, 1 equity shares of
RIL
was issued against 10 equity shares held in Reliance Petro Chemicals
Ltd.

- The PFY unit introduced a wide range of value added products

including textured, twisted, high twisted dyed yarn. Approvals were
received from the Government towards acquisition of 2 Suez-Max crude
oil tankers.

- The Company proposed to set up a project for the manufacture of

70,000 TPA of polyester yarn and 30,000 TPA of bottle grade PET
chips
in Hazira.

- 13% Pref. shares fully paid-up. 183,99,935 No. of Equity shares

allotted till date as again 92,00,000 Global depository shares
749,40,440 No. of Equity shares allotted shareholders of erstwhile
Reliance Petroleum Ltd., under Scheme of Amalgamation.

1993

- The PFY division introduced two new products viz., Micro and
multi-filament yearn. Several new and customized product range was
introduced such as ultra-stabilized raffia grade, high flow
injection
moulding grade and high ESCR blow moulding grade.

- On May 27 the company offered 92,00,000 GDS representing

184,00,000
shares.

- The company undertook to expand the captive power capacity at

Hazira
as well as set up new captive power plants at Naroda and patalganga.
On completion of these project, an addition of 150 MW of power was
to
be added, increasing the total installed captive power plant
capacity
to 350 MW.

- The Company proposed to set up a caustic chlorine plant with a

capacity of 1,98,000 TPA of chlorine, 2,34,000 TPA Caustic Soda
plant
at Hazira for manufacture of ethylene di-chloride (EDC).

- The Company was awarded the medium sized discovered oil and gas
fields for exploration and production.

- 364,60,000 No. of Equity shares allotted on part conversion of `H'

Series debenture 100,05,586 No. of equity shares allotted again
warrants issued. 3,16,667 shares allotted to SCICI on conversion of
loans 103,16,027 shares allotted underlying. 127,66,000 GDS issued
on
15.2.94 of which 81,66,571 shares yet to be allotted.

1994 - Company issued 60,00,000 - 18% non convertible secured

redeemable debentures of Rs.100 each on private placement basis with
financial institutions.
- A new product Octene LLDPE was introduced.

- The Company undertook steps to de-bottlenecking its existing

facilities and modernize the Control and Automation system. It was
also proposed to set up a 5,000 TPA of FDY plant plant at
Patalganga.
In the fibre intermediate business, the Company undertook to set up
a
World Size PTA plant of 3,50,000 TPA at Hazira. A new plant to
produce
1,20,000 TPA of MEG was to be set up adjacent to its existing
capacity.
It also proposed to increase the polyvinyl chloride capacity to
30,000
TPA.

- The Company signed a Memorandum of Understanding with the

Government
of Assam for implementation of RAPL for manufacture of 3,00,000 TPA
of
ethylene, 3,00,000 TPA of Polyethylene and 65,000 TPA of Oxoalchols
based on ethylene and propylene products from the gas cracker.

1995

- On January the company issued 82,50,000 14% secured redeemable non

convertible debentures of Rs.100 each on a private placement basis
with
financial institutions, banks/bodies corporate.

- On 23rd January, the Company allotted 600,00,000 - 14% Secured

redeemable non-Convertible debentures with detachable Warrants of
Rs.
12.50 each.

- During the year company commissioned a new Triethylene Glycol

manufacturing factory with a capacity of 10,000 TPA to add value to
Diethylene Glycol (DEG), a by product from its Monoethylene Glucol
plant. TEG is an import substitute used in oil exploration,
lubricants
and speciality application.

- During the year company has an unincorporated joint venture with

Enron & ONGC to develop Pann, Mukta and Tapti fields.

- During June, the Company allotted 995,75,915 No. of equity shares

of
Rs 10 each to the erstwhile shareholders of Reliance Polypropylene
Ltd.
(RPPL) and Reliance Polyethylene Ltd. (RPEL) in the ratio of 30
equity
shares of Rs 10 each for every 100 equity shares of Rs 10 each held
in
RPPL and 25 equity shares of Rs. 10 each of the Company for every
100
equity shares of Rs 10 each held in RPPL.

- During the year company signed a Memorandum of Understanding with

the
Govt. of Assam for implementation of RAPL (Reliance Assam
Petrochemicals Ltd.) for manufacture of 3,00,000 TPA of ethylene,
3,00,000 TPA of Polyethylene and 65,000 TPA of Oxoalchol based on
ethylene and propylene products from the gas cracker.

- Reliance Industries Ltd.(RIL), has tied up with United Oil

processing
Company of the US, for production of paraxylene at Jamnagar.

- In 1995-96, it entered the telecom industry through a joint

venture
with Nynex, US. RIL is India's largest private sector enterprise, is
a
major player in the Indian petrochemicals sector.

1996

- The company commissioned 3,50,000 tpa PTA Plant.

- Reliance Telecom has struck a deal with US-based

telecommunications
giant Motorola to set up the cellular network in the secured
circles.
A letter of intent had been singed by both the companies in October.

- During the year Co. completed debottelenecking of the PVC plant

and
increased the capacity to 270,000 tpa. As a part of its vertical
integration stategy the Co. undertook to set up a new 1,20,000 TPA
MEG
project at Hazira.

- During the year Co. commissioned new 1,60,000 TPA. PSF plant
based
on DuPont technology the PET bottle grade resin plant of 80,000 TPA
capacity received technological assistance of SINCO Engineering
Italy.

- During the same period company commissioned the 1,20,000 TPA MEG
project using ABB Lummus crest, Netherland's techology. And the
NGL/Naptha gas cracker palnt using technology of stone & webster
USA,
neared mechanical completion.

- During the year the company commissioned 60,000 tpa PYF capacity
at
Hazira. And a 350,000 tpa capacity polypropylene fully computerised
plant was commissioned during 96-97.

- During the year company commissioned the largest multified carbon

plant to produce 7,50,000 tpa of ethylene, 365,000 tpa of propylene
and
over 10,00,000 tpa of anomatics and other products.

- During the year company constructed a cost effective

infrastructure
commissioning of 1 single point mooring system, 3 jetties. It has 1
ocean going tanker, 4 ocean going vessels for liquefied gases and 5
tugs. The expansion is resigned to handle Ethylene, Propylene, EDC,
VCM, LPG, Butenes, MEG, PXBZ & Naphtha.

- During the same year company undertook to implement 3 independent

power projects in separate entities with a total power generating
capacity of 1331 MW at Patalganga, Bawana, Jamnagar.

- 15% Pref. shares redeemed. 7,908 shares out of these meant for
amalgamation issued. 14% Pref. CR redeemed.

- During the period Reliance Industries Limited, is to tie-up with

Nynex Corporation to jointly bid for the licenses to operate basic
and
cellular telecom networks throughout India.

- Reliance Industries Ltd., has tied up with the $ 16-billion Baby

Bell
telecom company from the US, the Nynex. The combine will bid for
basic
and cellular mobile telephone service with the Department of
Telecommunications.

- The company was awarded four separate exploration blocks.

1997

- Enron Oil Gas, the joint venture partner and operator presented a
proposal to Tapti Consortium participants seeking approval of a new
development plant for Tapti gas fields by which the volumes could
reach
17 million standard cubic meters during 2000 if the plan was
approved.

- During the year Co. commissioned an 80,000 tonnes bottle grade PET
Chip plant at Hazira manufacturing complex. The chips was marketed
under the brand name Relpet.

- The company commissioned a new 3,50,000 tpa PTA manufacturing

facility based on ICI, UK technology.

- The Company proposed to set up two more plants one PP plant with
capacity of 4,00,000 tpa and these paraxylene plants with an
aggregate
capacity of 1.4 million tpa.

- Company has set up a refinery at village Motikhvdi, Gujarat under

the
name Reliance Petroleum Ltd. Reliance along with its subsidiary
Reliance Industrial Investments & Holdings Ltd. hold 39% of the paid
up
equity capital of Reliance Petroleum on a fully deluted basis.

- Reliance undertook to make significant investments in Reliance

Petroleum Ltd., for setting up of the grass root refinery at
Jamnagar,
Gujarat.

- 46,60,90,452 bonus equity shares allotted 7289149 No. of equity

shares allotted at conversion of debentures and reissue of forfeited
shares.

- Reliance Industries Ltd. (RIL) has successfully commissioned its

third 30,000 tonnes per annum (tpa) polyester filament yarn (PFY)
plant
at Hazira in Gujarat. The capacity at the Hazira plant is being
further extended to 120,000 tpa of PFY by setting up another 30,000
tpa
plant shortly.

- Bharti Telenet and Reliance were awarded letters of intent for

Madhya
Pradesh and Gujarat circles respectively.

- Reliance Industries will commission the world's largest grass-root

single-stream multi-feed cracker plant.

- The Reliance Industries Ltd. (RIL) has achieved the distinction of

becoming the first company in the country to undertake security
audit
in the interest of its investors.

- Reliance Industries Limited has commissioned its second Mono

Ethylene
Glycol plant based on Shell process, with a capacity of 120,000
tonnes
per annum, at its Hazira Petrochemicals Complex.

- The National Securities Depository Ltd. (NSDL) and Reliance

Industries Ltd. are embarking on a joint marketing effort to issue
RIL
bonus shares in the demat form.

- RIL was one of the first companies to join the depository and by
issuing bonus shares through the demat form, investors will be
assured
of clean securities.

- Around 57 lakh euro-convertible bonds of Reliance Industries Ltd.

were converted into equity shares ahead of the book-closure for the
1:1
bonus issue on November 29.

- Reliance Industries Ltd. has bagged the National Energy

Conservation
Award, 1997 in the petrochemical sector. The petrochemicals giant
has
won the special prize for the fourth consecutive year.

1998

- For the first time Reliance Industries is entering the health-care

sector with an initial investment of Rs.100 crore. It has become
joint
trustees of Sir Hurkisondas Nurrotumdas Hospital at Charni Road in
Mumbai.

- Reliance Industries, India's largest private sector company, has

undertaken a major initiative on corporate governance, under which
it
has accorded a vital role to its non-executive directors.

- Reliance Industries Ltd (RIL) founder and chairman Dhirubhai

Ambani
was awarded the prestigious the Dean's medal by the Wharton school
(University of Pennsylvania) at a glittering ceremony in Mumbai on
15th
June.

- Reliance Industries Ltd (RIL) has won the runner up award in the
Best
emerging market company investor relations category for 1998
instituted
by UK's Investor Relations Magazine in association with Financial
Times. Reliance is the first and only Indian company to have
received
this prestigious award and the only Asian company to get this award
in
the emerging markets category.

- Reliance Industries Ltd (RIL) has struck an understanding with the

US
based engineering firm Carter burgess Ltd to undertake projects in
the
road sector through the joint venture route. In the proposed joint
venture, reliance will have the majority stake.

- RIL had entered into a 50:50 joint venture with Hoechst Fibres (a
part of Hoechst AG, Germany) to manufacture aide range of polyester
technical fibres.

- The Chennai High Court has declined to interfere with the award of
the Rs 15,000-crore private power project at Jayamkondam in Tamil
Nadu
to Reliance Industries Ltd (RIL) by the State Industrial Development
Corporation (TIDCO).

- 65,00,000 Red. Pref. shares of Rs. 100 each issued.

1999

- The Company undertook the commissioning of its jamnagar

petrochemicals complex.

- Reliance Industries Ltd, is currently setting up a Rs 5,550 crores

petrochemical complex at Jamnagar.

- The un-incorporated joint venture between Reliance Industries, Oil

and Natural Gas Corporation (ONGC) and the US-based multinational
Enron
Oil and Gas has submitted a proposal with the union petroleum
ministry
for a four-fold increase in its gas production from five million
tonnes
a day to 22 million tonnes a day.

- Reliance Industries Ltd (RIL), India's largest private company,

has
chalked out a capital allocation framework to enhance shareholder
value
and ensure profit growth and capital productivity.

- Once again Reliance Industries Limited (RIL) is in the

international
limelight. RIL been named as one of the World's 100 best-managed
companies for the year 1999 by Industry Week (IW), a leading US
magazine.

- During 1999-2000, the company completed its integrated jamnagar

complex, in a record period of less then 3 years.

2000

- Reliance has been ranked the second largest producer of POY and
PSF in the world, and the largest polyester manufacturer in India,
with a marketshare of 51 %.

- Reliance is setting up a new venture for e-commerce related

services
and has roped in National Stock Exchange's head of market
operations,
derivatives, IPO and membership Ashishkumar Chauhan for piloting the
new project.

- Reliance Industries Ltd to sign PSCs for exploration blocks in

West
Coast.

- Reliance Industries Ltd. to buy back shares up to Rs.1,100 crore

at
Rs.303.

- The US-based Eastman Chemical Company signed MoU with Reliance

Industries, to develop the market for Spectar copolymer and Eastar
PETG
copolyester in India.

- Reliance and Malaysia's Petronas have signed an agreement with

National Iranian Oil Co. to set up a 7.5 million-tonne per year
liquefied natural gas plant in Iran, industry.

- The Company has informed that, Reliance Power Ventures Ltd., a

wholly
owned subsidiary of the company, propose to acquire an aggregate of
2,75,45,133 fully paid equity shares of BSES of face value of Rs.
10/-
each at a price of Rs. 234/- per fully paid-up equity share.

- Reliance Power Ventures, a wholly-owned subsidiary of Reliance

Industries.

- Reliance Industries' internet service brand Only Smart was

launched
in Calcutta.

- The Karnataka Government and Reliance Industries have set in motion

a
joint venture in e-governance to start 7,500 info kiosks all over
the
State.

- The Company has acquired 100 acres at Patalganga to set up the

proposed 447 mw power project.

- Reliance Industries Ltd. and Jet Airways have signed an agreement

in
principle to work together on planned airport privatisation
projects.

- Issue of equity linked warrants under Employees Stock Option Plan.

- Reliance Industries Ltd to set up a world-class Indian Institute

of
Information Technology.

- Reliance Industries Ltd. is set to consolidate the financials' of

BSES Ltd. under its own income statement from the second quarter of
this fiscal.

- The board has issued 5,26,87,851 equity-linked warrants under the

ESOP in accordance with the resolutions passed at the company's 26th
AGM.

- Reliance Industries Ltd is the first private sector Indian company

to
find a place in the Forbes' International list of the 800 largest
non-US companies, published in the current edition of the magazine.

- The Company has been selected as one of the World's 100

best-managed
companies for the Year 2000.
- Reliance Industries Ltd (RIL) has topped in mobilisation through
debt
private placements during the first quarter of the current fiscal.

- The Company executive director Nikhil R Meswani has been elected

as
president of Associaton of Synthetic Fibre Industry.

- Credit rating agency Crisil has assigned the highest safety rating
of
`AAA' to the Rs 500 crore non-convertible debenture issue of the
company.

- Reliance Industries is set to take over the polyester business of

JCT
in a deal valued at Rs 492 crore.

- Reliance Industries Ltd was completing the Assam Gas Cracker

Project
within 44 months on finalisation of Gas Supply Agreement with Oil
India
Ltd and ONGC/GAIL, and the handing over possession of land at
Lepetkota
in Dibrugarh district.

- Reliance has formed a joint venture with Andhra Pradesh

Technological
Services to set up 7,500 Internet kiosks across Andhra Pradesh to
provide electronic governance to rural areas.

- Reliance Industries as entered into a collaboration agreement with

Nova Chemicals of Switzerland for the manufacture of high density
polyethylene and develop new grades of polymers like film, pipe,
blow
moulded containers etc.

- Reliance has been awarded the entertainment centre property in

Mumbai's upscale Bandra-Kurla commercial complex.

- Reliance holds a 30% interest in an unincorporated joint venture

with
Enron and ONGC, to develop the proven Panna, Mukta and Tapti (PMT)
oil
and gas fields. Enron has a 30% share and ONGC the balance 40%
share.

2001

- During FY 2000-01, Reliance was, in a 90:10 consortium with Niko

Resources of Canada, awarded 12 new exploration blocks by the
government through a process of competitive international bidding.

- Reliance Industries and RPG have envisaged interest in setting up

a
convergence network in industrial township of greater Noida.
- In April 2001, RIL successfully completed the first phase of a
comprehensive restructuring plan for its textiles business located
at
Naroda, near Ahmedabad in the state of Gujarat, which presently
contributes 1% of RIL's total revenues.

- Fitch Ratings India Ltd. has assigned `Ind AAA' rating to the Rs
5,000-crore non-convertible debentures of the Company.

- Reliance Industries has acquired an equity stake in five of Tullow

Oil's blocks in Gujarat and Andhra Pradesh.

- Reliance Industries has signed a memorandum of associatin with

National Iranian oil and BP to undertake a million easibility
study
to develop an LNG project in southern Iran.

- Reliance Industries has entered into an alliance with

Bangalore-based
Indus League for the manufacture of its sole branded garment,
Reance.

- The Company has extended the share buyback programme for one more
year as it has not bought back any shares during the current buyback
period.

- Reliance Industries has raised its stake in Larsen & Tourbo from
0.38
percent to 2.87 percent.

- It has increased its stake in equity share capital of BSES, an

electirc utility company, through open offer to 27%. Further it has
announced the largest share buy back of Rs 1,100 crore at a maximum
price of Rs 303 per share.

- Reliance Industries will invest Rs 1,500 crore (0 million) in

oil
and gas exploration and production sector over the next three years.

- : Reliance Industries Ltd (RIL) has been granted the Golden Super
Star Trading House status by the Directorate-General of Foreign
Trade
(DGFT) in recognition of RIL's outstanding achievement in export.
RIL
is the first manufacturer-exporter to be given this status

- RIL has obtained ISO 9002 certification from BVQI for its

Patalganga and Hazira complexes. RIL is the first private

sector company in India to be rated by the international
credit rating agencies.

- Reliance is the world's third largest producer of paraxylene (PX),

and the world's fourth largest producer of PTA. Within the country,
Reliance is the largest manufacturer of PX, PTA and MEG, with a
marketshare of over 80%.

- Reliance is the largest producer of polymers in the country with a

marketshare of 52%. Reliance has a capacity of nearly a million
tonnes
per year of polypropylene (PP), 400,000 tonnes per year of
polyethylene
(PE) and 300,000 tonnes per year of polyvinyl chloride (PVC).

-In Nov. 2001, Reliance Industries sold its just over 10% equity
stake
in Larsen & Toubro, the second largest player in the cement
industry,
to Grasim Industries for Rs 766.5 crore. The divestment of the L&T
stake is in consonance with its declared objectives of unlocking
value
from its investments, in the interests of maximising overall
shareholder value.

2002

- In Jan. 2002, Reliance Petroinvestments has become a subsidiary of

the company, while Reliance Life Insurance Company and Reliance
General
Insurance Company have ceased to be subsidiaries of the company.

- In March 2002, the Board approved the proposal for amalgamation of

Reliance Petroleum Limited (RPL) with the Company. The proposed
Scheme
of Amalgamation provides that the amalgamation will take effect from
the Appointed Date i.e. April 1, 2001. All assets,liabilities and
obligations of RPL will vest in the company w.e.f from the said
appointed date. One equity share of the company will be allotted for
every eleven equity shares of RPL held.

- Shareholders of Reliance Petroleum Ltd on April 15 approved the

merger of RPL with Reliance Industries Ltd at a meeting held in
Jamnagar and convened under the orders of the Gujarat High Court.

- Reliance Industries acquires 26% state & management control in

Indian Petrochemicals Corporation Ltd. (IPCL) by paying Rs 1490.84
crore to Government of India.

2003

- Discovers gas it its offshore exploration in Gujarat

- Finds more gas in Block D6 in the deep waters of Krishna Godavari

Basin

- Shuts down the aromatics plant at Jamnagar, Gujarat

- Company’s Hazira manufacturing unit gets IMC-Bajaj quality award

2002
- Discovers fourth gas in KG-basin

- Unveils two improved lines of acrylic fibres

- Anil Ambani appointed as BSES MD

- Reduces stake in BSES from 55% to 49.5% and BSES ceases to be

subsidiary of the company due to the disinvestment

- Revises reserves of gas in Krishna Godavari Basin to 10.45

trillion cubic feet

- Signs pact with Council of Scientific and Industrial Research

(CSIR) to create breakthrough technology in key areas from laboratory
to commercial scale wherein the company will be offered the first
right to the IPR (intellectual property right) for commercial
development

- Ties up with DuPont Polyester Technologies (DPT) for the research

and development (R&D) of the advanced polyester process and product
technologies in India

- Foreign Institutional Investors (FIIs) convert 24 million shares of

the company into Global Depository Receipts (GDRs)

- Strikes substantial gas reserves in Shahdol, Madhya Pradesh

- Shifts corporate headquarters from Maker Tower IV, in Nariman Point

to Reliance Centre in Bellard Pier

- Oil discovered in RIL's exploration block 9 in Yemen in which the

company holds 20% shares

- Global rating agency Moody's changes the outlook on debt securities

of the company from negative to stable

- Incidence of leakage in the FCC section of the company's refinery

at Jamnagar, in the State of Gujarat

-Anil Ambani, Vice Chairman & Manading Director, voted as MTV Youth
Icon of the Year

-Initiated the work on deep-water exploration block, KG-D6, in the

Krishna-Godavari basin off the Andhra Pradesh coast.

-RIL bags fourth slot among `Top 10' in Asiamoney's corporate

governance poll on Asian companies in the energy sector. And joined
the club of a select few Asian companies and is the only Indian
private sector enterprise to find a place in the `Top 5' in the
energy sector category

-Mukesh Ambani, chairman and managing director (CMD), donates

million to health programmes of the International Federation of Red
Cross (IFRC) and Red Crescent Societies

-Reliance exhorts NTPC Kayamkulam plant transplantation to Kakinada

-Reliance occupies top slot in oil exports

2004

-Munich Re throws away Reinsurance JV program with RIL

-Reliance Industries Associate signs MOU with National Organic

Chemicals Industries Limited (NOCIL) fo taking over its
petrochemicals & plastic products division

-IPCL picks up gas from Petronet LNG

-Reliance Industries Ltd has informed that FLAG Telecom on January

12, 2004 announced that the Company (FLAG Telecom) has amalgamated
with Reliance Gateway

-Reliance Jamnagar refinery voted best among 50 refineries worldwide

-Gujarat gives away Gujarat Garima Awards to Tata, Ambani

-Reliance Industries Limited (RIL) has increased the capacity of its

Jamnagar refinery to 33 million tonnes from 30 million tonnes.

-Mukesh Ambani ranks 40th in the world business leaders

-Reliance join hands with Gail for Indo-Iran natural gas pipeline
project

-Reliance Industries, country' largest private sector company, has

surged ahead of global players after it posted a net profit of more
than billion in 2003-04.

-Reliance Industries Ltd has bagged a National Thermal Power

Corporation (NTPC) order to supply 3 million tonnes of natural gas
per annum for the latter's proposed 1300-MW power stations at Kawas
and Gandhar in Gujarat for seventeen years

-RIL chairman wins Asia Society Leadership award

-RIL, IOC inks deal for petro goods offtake

-Reliance Industries announced that it had acquired Trevira, a

polyester company in Germany, for around Rs 440 crore (E80m), taking
it closer to the position of the world's largest polyester maker

-RIL appoints Parthiv Patel as sports executive

-Reliance Industries takes over NIS Sparta

-Reliance join hands with Temasek for 0 mn Power Fund

-Reliance picks up Nasscom IT Excellence Award

-RIL gets `Petrochemicals Company of the Year' award for 2004

2005

-RIL partners with Vivada for sale of diesel to fishing trawlers and
boats

-Reliance Industries Ltd was awarded the `International Refiner of

the Year' 2005 at the World Refining and Fuels Conference's awards
ceremony held in San Francisco on March 10, 2005.

-Reliance Industries wins annual '2005 ASTD Best Award' from American
Society for Training & Development

-Reliance Industries wins two National Energy Conservation awards

-Reliance Industries bags 'National Award for R&D Efforts in Industry

- 2005'

-RIL inks MoU with HSIDC for establish multi-product SEZ

-Reliance Infocomm has joined hands with Vyjayanti Movies, the

producers of 'Jai Chiranjeeva' featuring Tollywood megastar
Chiranjeevi, Sameera Reddy and Bhumika Chawla.

2006

-RIL inks marketing pact with Gulf Oil

-Reliance Industries has unveiled the much-talked about Reliance

Fresh brand, the first format of the company's Rs 25,000-crore retail
initiative, here on October 29.

2007

-Reliance inks JV with Yemen oil firm for refinery

--Gail India Ltd and Reliance Industries Ltd (RIL) signing a

Memorandum of Understanding (MoU) for cooperation in gas sector on
March 15, 2007.

- Reliance Industries Ltd has appointed Dr. R A Mashelkar has been

appointed as an Additional Director on the Company's Board.

-Reliance Industries Ltd has formed a 0 million joint-venture with

Mammut Group of Dubai.

-Reliance signs agreement to acquire assets in Malaysia Consolidating

global polyester vision.

-RIL buys Malaysian based polyester firm.

-Reliance Industries Ltd has signed Technical Evaluation Agreement in

2005 which has been converted to Hydrocarbon Production and
Exploitation Contracts with Agenda Nacional de Hydrocarburos (ANH) of
Colombia for two Offshore blocks, Borojo (pronounced as Boroho) North
and Borojo South.
2008

- Reliance Industries makes Another Gas Discovery in Shallow Water

Block in the Krishna Basin.

- RIL wins a Deep Water block in NELP VII

- Reliance Industries Strikes Eighth Gas Discovery in Block NEC - 25

in the Mahanadi Basin

2009

- Reliance Industries has discovered natural gas reserves in a well

drilled on its NEC-25 block in Mahanadi basin, off the Orissa coast.

- Reliance Industries has raised around Rs 3,188 crore through sale

of 1.50 crore equity shares of the company.

2010

- Haryana Special Economic Zone (SEZ), Reliance Industries (RIL) has

roped in a partner, in a bid to re-energize its dormant.

- RIL has bought around 3 mn barrels of spot crude from Brazilian

company Petrobras. The delivery is expected in the next two months.
The purchase was fuelled by lower freight rates and weaker US crude
prices as compared to Europe. Reliance has bought a VLCC of
Roncador Heavy and Albacora crudes to be loaded this month, and a
Suezmax of October-loading Marlin.