Company Directory - Reliance Industries Ltd.
Company Details - Reliance Industries Ltd.
Reliance Industries Ltd.
WebsiteMumbai, India
ISIN: INE002A01018
Reliance Industries Limited is a major conglomerate based in India, primarily engaged in various sectors including energy, petrochemicals, textiles, natural resources, retail, and telecommunications. It is well-known for pioneering various business advancements in India and holds a significant position in the telecommunications market through its subsidiary, Jio, which has transformed the digital landscape in the country.
CCI Score
CCI Score: Reliance Industries Ltd.
-12.69
0.06%
Latest Event
Reliance Industries Secures $2.98 Billion Loan Amid Trade Uncertainty
Reliance Industries Ltd. obtained a $2.98 billion-equivalent loan as global investors show renewed confidence in the Indian market during a period of tariff uncertainty driven by the Donald Trump administration. This financing move is seen as bolstering India's economic resilience amid global trade turbulence.
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ENABLER
Reliance Industries Ltd. is currently rated as an Enabler.
Latest Events
- MAY162025
Reliance Industries Ltd. obtained a $2.98 billion-equivalent loan as global investors show renewed confidence in the Indian market during a period of tariff uncertainty driven by the Donald Trump administration. This financing move is seen as bolstering India's economic resilience amid global trade turbulence.
- APR242025
Reliance Industries Ltd spent $485,000 on lobbying activities in 2024, according to OpenSecrets data from the Senate Office of Public Records, suggesting active corporate engagement in political influence that may favor corporate interests over democratic accountability.
-60
Political Contributions and Lobbying Efforts
May 16
The expenditure of $485,000 on lobbying indicates that Reliance Industries Ltd is actively engaging in shaping political policies. From an anti-fascist perspective, such corporate political influence can undermine democratic processes and facilitate conditions that favor authoritarian practices.
- MAR032025
A unit of Reliance Industries, Reliance New Energy, is reportedly at risk of a fine up to Rs 125 crore for failing to establish a battery cell plant under a government initiative aimed at reducing import dependence, as part of PM Narendra Modi’s push for local manufacturing.
-60
Business Practices and Ethical Responsibility
May 16
Reliance New Energy's failure to meet the set milestone under a government-incentivized program undermines ethical business practices and commitments to local production. Missing the deadline not only risks a significant fine but also potentially damages public trust in supporting key national initiatives.
Reliance Industries unit risks being fined up to Rs 125 crore; Know why
-50
Economic and Structural Influence
May 16
The missed deadline disrupts the structural economic reforms, notably the Make in India initiative designed to reduce import dependence and bolster domestic manufacturing. This failure negatively impacts the company’s economic influence and its role in supporting national policy objectives.
Reliance Industries unit risks being fined up to Rs 125 crore; Know why
- FEB172025
The Delhi High Court ruled in favor of the government in a gas dispute case, ordering Reliance Industries to pay $1.7bn over allegations of unjust enrichment for gas extracted from ONGC-adjacent blocks.
-70
Business Practices and Ethical Responsibility
May 16
The court ruling against Reliance Industries for unjust enrichment reflects unethical business practices and a disregard for responsible resource management. This legal setback highlights problematic behavior by the company in its extraction practices, which undermines fair commercial conduct and public accountability.
Delhi HC rules against Reliance Industries in $1.7bn gas dispute case
- FEB102025
The Delhi High Court ruled in favor of the government in a gas migration dispute arising from a 2000 production-sharing contract, with allegations that Reliance Industries engaged in practices leading to unjust enrichment through allegedly illegal gas extraction adjacent to ONGC’s fields. The judgment overturned a previous international arbitration award, raising serious questions about RIL's adherence to ethical business practices.
-60
Business Practices and Ethical Responsibility
May 16
The court's ruling against RIL on grounds of public policy violations and unjust enrichment implies potential unethical business practices, raising concerns over the company’s compliance with ethical standards in its operations. This event reflects problematic business practices that can undermine trust in responsible corporate governance.
EXPLAINER | Why govt wants $2.81 billion from Reliance Industries
- MAR312022
The annual report from Reliance Industries indicates that nearly 100% of its non‐supervisory permanent employees are covered under collective bargaining agreements with trade unions, along with robust safety and anti-harassment measures. The report also notes no reported incidents of child labour, forced labour, or sexual harassment, and highlights extensive safety training initiatives.
+90
Labor Relations and Human Rights Practices
May 16
Reliance’s comprehensive union coverage, adherence to national labor laws, proactive health and safety training, and established anti-harassment protocols demonstrate a strong commitment to labor rights and human welfare. These factors align with progressive, anti-fascist values supporting worker protections.
Labours of Reliance are covered under the collective ... - India CSR
- MAR312022
Reliance Industries Ltd. has released its Integrated Annual Report 2022 highlighting a comprehensive Health, Safety, and Environment (HSE) strategy. The report details initiatives such as a robust HSE framework, digital incident management systems, regular safety training, and significant investments (987 crores) in HSE measures aimed at ensuring a hazard-free working environment and zero incidents. These initiatives underscore the company’s commitment to prioritizing employee well-being and safe labor practices.
+80
Labor Relations and Human Rights Practices
May 16
The report emphasizes exemplary labor relations and human rights practices through extensive health and safety measures, employee training, and proactive risk management. The commitment to ensuring safe and healthy working conditions reflects progressive business practices that advance worker rights, making it an anti-authoritarian move in terms of supporting employee welfare.
Reliance Industries Ltd - Integrated Annual Report 2022 - 2023
- FEB022019
Reliance Industries Ltd has resumed its lobbying efforts in the US by engaging new firm Eversheds Sutherland LLP, as revealed in recent Senate filings. The lobbying, which officially restarted on February 2, 2019, aims to influence US economic trade sanctions policies—an effort that echoes its previous lobbying activities before halting in 2013.
-60
Political Contributions and Lobbying Efforts
May 16
Reliance Industries' decision to resume lobbying in the US shows a deliberate effort to shape policy in favor of its corporate interests. This strategy raises concerns of disproportionate corporate influence over democratic processes and public accountability, which aligns with authoritarian practices. The use of a new lobbyist underscores a renewed commitment to influencing US policymakers on issues like economic trade sanctions.
Reliance Industries resumes lobbying in US power corridors, hires new lobbyist
- JUN302012
Reliance Industries Ltd has not engaged in lobbying US lawmakers for the past three quarters, halting activity through its registered lobbyist BGR after previously spending over one million dollars, a move that reduces its political influence in the US.
+50
Political Contributions and Lobbying Efforts
May 16
By ceasing its US lobbying activities for a third consecutive quarter, Reliance Industries is reducing its engagement in practices that can unduly influence US policymaking. This discontinuation, after previous significant spending on lobbying, is a positive step from an anti-authoritarian perspective as it limits corporate influence over political processes.
RIL halts US lobbying for 3rd straight quarter - Business Standard
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Corporate Financials
- Revenue
- 2022
- $92.60B
- Total Assets
- 2022
- $231.00B
- Operating Income
- 2022
- $12.85B
- Total Equity
- 2022
- $97.20B
Industries
- 211120
- Crude Petroleum Extraction
- 324110
- Petroleum Refineries
- 324121
- Asphalt Paving Mixture and Block Manufacturing
- 325120
- Industrial Gas Manufacturing
- 325199
- All Other Basic Organic Chemical Manufacturing
- 424710
- Petroleum Bulk Stations and Terminals