[11] On 8 May 1973, it became Reliance Industries Limited. [89] Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. Charts. Financials. A. Siddharth (w.e.f. Reliance Industrial Infrastructure Limited, formerly Chembur Patalganga Pipelines Limited (BSE: 523445) is an industrial infrastructure company based in Mumbai, India. The company held its Initial public offering (IPO) in 1977. It also leases equipment and offers IT consulting services.[1]. [40], It has received domestic credit ratings of AAA from CRISIL (S&P subsidiary) and Fitch. The current market capitalisation stands ₹599 Cr. Reliance Industrial Infrastructure Limited was promoted by Satyapal Jain and associates.[3]. Reliance Industrial Infrastructure Ltd Reliance Industrial Infrastructure Limited (RIIL), an arm of Reliance Group, is mainly engaged in the business of setting up / operating Industrial Infrastructure, which was incorporated on 29th September 1988 as a public limited company under the name of Chembur Patalganga Pipelines Limited. RIL was ranked at 25th position across the world, on the basis of sales, in the ICIS Top 100 Chemicals Companies list in 2012. The Sebi inquiry cited 20 irregularities, including the brokerage not informing clients about various charges at the time of opening accounts. [102], In another case, Sebi settled a dispute with Reliance Securities Ltd (RSL) with a consent order in June 2011, under which the brokerage will spend ₹1 crore within six months on investor education and not add any new clients for 45 days starting 15 June. . The Anil Dhirubhai Ambani Group includes Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Natural Resources and Reliance Power. Reliance Infrastructure Limited (R-Infra), formerly Reliance Energy Limited (REL) and Bombay Suburban Electric Supply (BSES), is an Indian private sector enterprise involved in power generation, infrastructure, construction and defence. Acting on a reference from CVC in March 2005, the CBI started probing the conspiracy that led to the filing of the chargesheet on 9 December 2011. Line: 479 In 2005, after a bitter public feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to broker a deal splitting the RIL group business into the two parts. PTI; March 08, 2019, 07:47 IST 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 in Maharashtra. [76], In its 39th Annual General Meeting, its chairman informed the shareholders of the investment plans of the company of about ₹1,500 billion (US$21 billion) in the next three years. | View the latest Reliance Industrial Infrastructure Ltd. (RIIL) stock price, news, historical charts, analyst ratings and financial information from WSJ. On 28 December 2017, RIL announced that it will be acquiring the wireless assets of Anil Ambani-led Reliance Communications for about ₹23,000 crores. Get Comprehensive Daily Technical Analysis of Reliance Industrial Infrastructure Ltd. with charts and key technical data RSI, MACD, Pivot points, Moving Averages, Stochastic, MFI. This order followed a Sebi investigation into RSL's books and accounts for fiscal 2007 and fiscal 2008, which said that it had allegedly violated various clauses of Sebi stock brokers and sub-brokers regulations. S&P rated Reliance "BB+, stable outlook, constrained by the sovereign ceiling". [11], The Hazira petrochemical plant was commissioned in 1991–92. Reliance Industrial InfraStructure Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 609.81 Crore) operating in Diversified sector. Line: 315 Five main allegations concerning Reliance, and which have plunged the Indian capital markets into a period of uncertainty unsurpassed since the days of the securities scam were: Stock market fraud regulator Securities and Exchange Board of India (Sebi) issued a show-cause notice to Reliance Industries Ltd. following a probe into alleged insider trading in Reliance Petroleum Ltd (RPL) shares in November 2007. [106], The Reliance Industries Limited (RIL) was supposed to relinquish 25% of the total area outside the discoveries in 2004 and 2005, as per the Production Sharing Contract (PSC). It switched shares sent for transfer by buyers to make illegal profits. [8] Reliance is responsible for almost 5% of the government of India's total revenues from customs and excise duty. [13] In 1979, a textiles company Sidhpur Mills was amalgamated with the company. Function: view, File: /home/ah0ejbmyowku/public_html/application/controllers/Main.php Brokerage, not fully equipped to handle its customer base at the time, used the name Reliance Money at all its offices and on employee visiting cards, instead of Reliance Securities, which was the registered trading member, leading to confusion. The years 1998–2000 saw the construction of the integrated petrochemical complex at Jamnagar in Gujarat,[15] the largest refinery in the world. It was incorporated on 29 September 1988 and obtained its Certificate of Commencement of business on 4 January 1989. Public (BSE: 523445) Founded: 29 September 1988: Headquarters: NKM International House, Churchgate, Mumbai, India: Key people. In November 2009, Reliance Industries issued 1:1 bonus shares to its shareholders. These end-use violations were observed by the Reserve Bank of India (RBI) regarding two ECB transactions—of $360 million and $150 million—by R-Infra. Line: 107 India Business Insight (tra Asia Africa Intelligence Wire). Reliance continues to be India's largest exporter, accounting for 8% of India's total merchandise exports with a value of ₹1,47,755 crore and access to markets in 108 countries. [95][96] These businesses immediately became part of Anil Dhirubhai Ambani Group. Function: _error_handler, File: /home/ah0ejbmyowku/public_html/application/views/page/index.php The share prices [91] of RIL were impacted by some margin when this news broke out. [101], In Jan 2011, Sebi barred Anil Ambani and four other officials of Reliance Group—until recently known as the Reliance-Anil Dhirubhai Ambani Group (R-Adag)—companies from investing in listed shares until December 2011. It has also lent various construction machineries to various sites across India. It attempted to monopolise the private telecom services market through front companies. Non-Independent Non-Executive Directors: Shri Mahesh K. Kamdar - Chairman Shri. It also had 1,58,196 temporary employees on the same date which makes a total of 187,729 employees. Metro . [28][29], In the same year, Reliance and BP announced a partnership in the oil and gas business. Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Compare valuation, technicals, and forecasts of Reliance Industrial Infrastructure Ltd against its competitors [20][21] IPCL's Nagothane and Dahej manufacturing complexes came under RIL when IPCL was merged with RIL in 2008. It established a nexus with the Unit Trust of India to raise huge sums of money to the detriment of UTI subscribers. The in-place volume of natural gas was in excess of 7 trillion cubic feet, equivalent to about 120 crore (1.2 billion) barrels of crude oil. RIL was awarded the National Golden Peacock Award 2011 for its contribution in the field of corporate sustainability. People. Approximately 3.46% of its total shares are listed on Luxembourg Stock Exchange. Reliance Industrial Infrastructure; Type. 2,000,000,000 and its paid up capital is Rs. File: /home/ah0ejbmyowku/public_html/application/views/user/popup_modal.php [17] In 2001–02, Reliance Petroleum was merged with Reliance Industries. [37], The company's equity shares are listed on the National Stock Exchange of India Limited (NSE) and the BSE Limited. Reliance is one of the most profitable companies in India,[3] the largest publicly traded company in India by market capitalisation,[4] and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation. As early as 1996, Outlook magazine addressed other controversies related to fake and switched shares; insider trading; and a nexus with the state-owned Unit Trust of India. Reliance Industrial Infrastructure Limited has commissioned facilities like Supervisory Control and Data Acquisition system and the Cathodic Protection system. LARGEST FDI FOR MINORITY INVESTMENT IN INDIA. Events. In March 1994 the name was changed to Reliance Industrial Infrastructure Limited. [36], In January 2012, the company announced a buyback programme to buy a maximum of 12 crore (120 million) shares for ₹10,400 crore (US$1.5 billion). [26][27] By the end of 2008, Reliance retail had close to 600 stores across 57 cities in India.[12]. In 2012–13, it earned 76% of its revenue from refining, 19% from petrochemicals, 2% from oil & gas and 3% from other segments. RSL sought power of attorney in the name of Reliance Commodities Ltd from clients and used this to debit clients’ bank accounts, purchase and sell post office deposits and government of India bonds among other transactions. Its authorized share capital is Rs. [14] In 1980, the company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patalganga, Raigad, Maharashtra with financial and technical collaboration with E. I. du Pont de Nemours & Co., U.S.[11], In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd.[11] During the years 1985 to 1992, the company expanded its installed capacity for producing polyester yarn by over 1,45,000 tonnes per annum. Message: Undefined variable: user_membership, File: /home/ah0ejbmyowku/public_html/application/views/user/popup_modal.php Reliance Industrial Infrastructure Ltd. ... 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