ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Reliance Industries, Cummins India and GTL

RELIANCE INDUSTRIES Global Outlook Reliance Industries, with the amalgamation of Reliance Petroleum, has become an integrated company, having operations in oil and gas exploration and in production, refining and marketing of petrochemicals, power and textiles. It is now the largest private sector company in India. The financial performance of the company for the year ending March 2003 shows an increase in sales to Rs 50,096 crore from Rs 40,404 crore in 2001-02, with a growth of 10 per cent. Profit before tax showed a likewise increase of 12 per cent from Rs 3,243 crore to Rs 4,104 crore. The company acquired Indian Petrochemicals Corporation (IPCL), the second largest petrochemical company in the country, through the government disinvestment programme. The company is now the 11th largest producer of polymer in the world. Integration of IPCL with the parent company has allowed optimal use of manufacturing resources to produce different products and optimisation of marketing infrastructure. Expansion of polyethylene (PE) production capacity has taken place to about one million tonnes per annum, followed by diversification of its PE product portfolio covering a wide range of enduse applications. This has led to setting up of the polymer pipe business in Hazira. It launched the

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