Reliance Group which was founded by Dhirubhai H. Ambani (1932-2002), is one of the largest private sector enterprise in India. Reliance Industries Limited is a conglomerate with its headquarter in Mumbai. RIL has businesses across India with presence in textiles, petrochemicals, natural resources, refining. By market capitalization RIL is the largest publicly traded company in India while when evaluated by revenue it is in second position after Indian Oil Corporation. IN domestic sector RIL carries out its operations in more than 50 locations with manufacturing facilities at Nagothane, Nagpur, Naroda, Patalganga, Allahabad, Barabanki, Dahej, Hazira, Hoshiarpur, Jamnagar.
IN 2017, RIL featured in Fortune Global 500 companies with 158th position. It is one of the most environmentally friendly companies among world’s largest corporations and as per Newsweek’s Green Rankings 2017, RIL stood at 271th among the world’s largest 500 companies.
L believes in sustainable growth which is reflected in the vision of the company. They believe in continuous improvement in the quality of life and adding value to the economic growth of the nation.
RIL vision statement is, “Through sustainable measures, create value for the nation, enhance quality of life across the entire …show more content…
The fluctuation in the prices of crude oil instantly reflects in the prices of all the other things. The government policies play an important role in determining price of oil. Geopolitical factors and political instability in crude oil rich nations lead to high price volatility of crude oil. The policies of USA affect the crude oil price, which in turn affects Indian political stand on crude oil prices and affects the business scenario of Indian Oil and Gas industry. Oil and Gas industry has to adhere to strict taxation laws, labour laws, trade restrictions and various environmental laws and