PROJECT REPORT

ON
RELIANCE INDUSTRIES

SUBMITTED BY:
STELLA BALASUBRAMANIAM

MASTER OF COMMERCE (PART-I)
ADVANCED COST ACCOUNTING

(SEM-I)
2014-2015

PROJECT GUIDE:-
PROF.NEELAM SHAIKH

K.G JOSHI COLLEGE OF ARTS & N.G.BEDEKAR
COLLEGE OF COMMERCE.



VIDYA PRASARAK MANDAL, THANE
K. G. JOSHI COLLEGE OF ARTS &
N. G. BEDEKAR COLLEGE OF COMMERCE
CERTIFICATE
OF
PROJECT WORK
T Th hi is s i is s c ce er rt ti if fy yi in ng g t th ha at t. . / / M Ms s. . o of f
M M. .C Co om m. . ( (A Ad dv va an nc ce ed d A Ac cc co ou un nt ta an nc cy y) ) P Pa ar rt t. .: : I I S Se em me es st te er r: : 1 1
S ST T
R Ro ol ll l N No o. . : : 1 11 1 h ha as s
u un nd de er rt ta ak ke en n & & c co om mp pl le et te ed d t th he e p pr ro oj je ec ct t w wo or rk k t ti it tl le ed d
" " . .D Du ur ri in ng g t th he e a ac ca ad de em mi ic c
y ye ea ar r 2 20 01 14 4- -2 20 01 15 5. . U Un nd de er r t th he e g gu ui id da an nc ce e o of f M Mr r. . / / M Ms s. .
P Pr ro of f. . S Su ub bm mi it tt te ed d o on n _ __ __ __ __ __ __ __ __ __ __ __ __ _ t to o t th hi is s c co ol ll le eg ge e i in n
f fu ul lf fi il ll lm me en nt t o of f t th he e c cu ur rr ri ic cu ul lu um m o of f M MA AS ST TE ER R O OF F C CO OM MM ME ER RC CE E ( (A AD DV VA AN NC CE ED D
A AC CC CO OU UN NT TA AN NC CY Y) ). .
U UN NI IV VE ER RS SI IT TY Y O OF F M MU UM MB BA AI I. .
T Th hi is s i is s a a b bo on na af fi id de e p pr ro oj je ec ct t w wo or rk k & & t th he e i in nf fo or rm ma at ti io on n p pr re es se en nt te ed d i is s T Tr ru ue e & &
o or ri ig gi in na al l t to o t th he e b be es st t o of f o ou ur r k kn no ow wl le ed dg ge e a an nd d b be el li ie ef f . .


P PR RO OJ J E EC CT T G GU UI I D DE E E EX XT TE ER RN NA AL L E EX XA AM MI I N NE ER R


DECLARATION:-

I Ms. STELLA BALASUBRAMANIAM student of K.G. JOSHI COLLEGE
OF ARTS & N.G.BEDEKAR COLLEGE OF COMMERCE. (SEM-I,) HERE
BY DECLARE THAT I HAVE COMPLETED THIS PROJECT ON
RELIANCE INDUSTRIES
In the academic year 2014-2015.




The information submitted is true and original to the best of my knowledge.





DATE:-


Student signature

STELLA BALASUBRAMANIAM

PLACE: - THANE


ACKNOWLEDGEMENT:-

I express my grateful thanks to project guide Prof.NEELAM SHAIKH
For her timely guidance and help rendered at every stage of the project work.

I would also like to thank my friends who were also a great support while
working on the project.

I also wish to express my regards to the librarian for her co-operation in
providing me with necessary reference materials.

I also express my thanks to faculty members and for co-operation and help
given in completing this project.















INDEX:-

SR.NO TOPIC PAGE
NO.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.










INTRODUCTION

The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest
business house. The Group's activities span exploration and production of oil and gas,
refining and marketing, petrochemicals, textiles, financial services and insurance, power,
telecom and Infocomm initiatives. The Group exports its products to more than 100 countries
the world over. Reliance Group revenue is equivalent to about 3.5% of India's GDP. The
Group contributes nearly 10% of the country's indirect tax revenues and over 6% of India's
exports.

The Reliance Group Companies, acknowledged as one of the best-run companies in the
world, include: Reliance Industries Limited, Reliance Capital Limited, Reliance Industrial
Infrastructure Limited, Reliance Telecom Limited, Reliance Infocomm Limited, Reliance
General Insurance Company Limited, Indian Petrochemicals Corporation Ltd. and Reliance
Energy Limited. The companys refinery at Jamnagar accounts for over 25% of India's total
refining capacity and their plant at Hazira is the biggest chemical complex in India.

The Reliance Group was founded by the legendary Dhirubhai H. Ambani. He has been one
among the select Forbes billionaires and has also figured in the Sunday Times list of top 50
businessmen in Asia. In 1975, the company expanded into textiles. Dhirubhai Ambani
introduced equity cult in India when Reliance went public with IPO in 1977. Since the launch
of its IPO RIL has expanded rapidly and integrated backwards into other industry sectors,
most notably the production of petrochemicals and the refining of crude oil. Dhirubhai led the
evolution as a global leader in the materials and energy value chain businesses. Today,
Reliance Group's activities range from exploration and production of oil and gas, petroleum
refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and
chemicals) to textiles and retail. Reliance enjoys global leadership in its businesses. It is the
largest polyester yarn and fibre producer in the world and among the top five to ten producers
in the world in major petrochemical products. Presently, Reliance Group has more than
25,000 employees on its rolls and exports products in excess of US$ 15 billion to more than
100 countries in the world.


THE LEGENDARY DHIRUBHAI .H. AMBANI

Dhirajlal Hirachand Ambani, also known as Dhirubhai (28 December 1932, - 6 July 2002)
was an Indian rags-to-riches business tycoon who founded Reliance Industries in Mumbai.
Ambani took his company (Reliance) public in 1977, and by 2007 the combined fortune of
the family (sons Anil& Mukesh and daughters Dipti & Nina) was 60 billion dollars, making
the Ambani the richest family in the world.
He moved to Aden, Yemen, when he was 16 to work with A. Besse & Co. and eventually
returned to India and started "Majin", which was to import polyester yarn and export spices,
in partnership with his cousin, Champak Lal Damani.

Dhirubhai was a known risk taker and he believed in building inventories, anticipating a price
rise, and making profits. Ambani's net worth was estimated at about Rs. 10 lakh by late
1970s. He is credited with starting the equity cult in India. More than 58,000 investors from
various parts of India subscribed to Reliance's IPO in 1977. In 1986 The Annual General
Meeting of Reliance Industries was held in Cross Maidan, Mumbai and was attended by more
than 350,000 shareholders and the Reliance family.

In 1982, Reliance Industries came up against a rights issue regarding partly convertible
debentures. It was rumoured that company was making all efforts to ensure that their stock
prices did not slide an inch. Sensing an opportunity, a bear cartel which was a group of stock
brokers from Calcutta started to short sell the shares of Reliance. To counter this, a group of
stock brokers till recently referred to as "Friends of Reliance" started to buy the short sold
shares of Reliance Industries on the Bombay Stock Exchange. After this incident, many
questions were raised by his detractors and the press. In response, the then finance
minister, Pranab Mukherjee informed the house that a Non-Resident Indian had invested up
to Rs. 22 Crores in Reliance during 1982-83. The interesting factor was that all the promoters
or owners of these companies had a common surname Shah. An investigation by the Reserve
Bank of India in the incident did not find any unethical or illegal acts or transactions
committed by Reliance or its promoters
Over time, Dhirubhai diversified his business with the core specialisation being
in petrochemicals and additional interests in telecommunications, information
technology, energy, power, retail, textiles, infrastructure services, capital markets,
and logistics.

He has been accused of acting unethically; having manipulated government policies to suit
his own needs, and has been known to be a king-maker in government elections. Although
most media sources tend to speak out about business-politics nexus, the Ambani house has
always enjoyed more protection and shelter from the media storms that sweep across the
country. A film, Guru (2007) directed by Mani Ratnam, alleged to be inspired by the life of
Dhirubhai Ambani was released on 12 January 2007.


RELIANCE AFTER DHIRUBHAI:-

The Reliance Empire was split between the Ambani brothers, Mukesh Ambani getting RIL
and IPCL & his younger sibling Anil Ambani heading Reliance Capital, Reliance Energy and
Reliance Infocomm. The entity headed by Mukesh Ambani is referred to as the Reliance
Industries Limited whereas Anil's Group has been renamed Anil Dhirubhai Ambani Group
(ADAG).His daughter Nina Kothri along with her husband B H Kothari started Java green
in 2004, a coffee retail chain along with Reliances Web World stores.


COMPANY PROFILE OF RELIANCE INDUSTRIES:-

Reliance Industries Limited (RIL) is an Indian conglomerate holding
company headquartered in Mumbai, Maharashtra, India. The company operates in five major
segments: exploration and production, refining and marketing, petrochemicals, retail and
telecommunications.
The group is present in many business sectors across India including petrochemicals,
construction, communications, energy, health care, science and technology, natural resources,
retail, textiles, and logistics.
RIL is the second-largest publicly traded company in India by market capitalization

and is the
second largest company in India by revenue after the state-run Indian Oil Corporation. The
company is ranked No. 99 on the Fortune Global 500 list of the world's biggest corporations,
as of 2013. RIL contributes approximately 14% of India's total exports.

HISTORY:-
1960 1980
The company was co-founded by Dhirubhai Ambani and his cousin Champaklal Damani in
1960s as Reliance Commercial Corporation. In 1965, the partnership was ended and
Dhirubhai continued the polyester business of the firm.

In 1966, Reliance Textiles Industries
Pvt Ltd was incorporated in Maharashtra. It established a synthetic fabrics mill in the same
year at Naroda in Gujarat. In 1975, company expanded its business into textiles, with
"Vimal" becoming its major brand in later years. The company held its Initial public
offering (IPO) in 1977. The issue was over-subscribed by seven times. In 1979, a textiles
company Sidhpur Mills was amalgamated with the company. In 1980, the company expanded
its polyster yarn business by setting up a Polyester Filament Yarn Plant in Raigad,
Maharashtra with financial and technical collaboration with E. I. du Pont de Nemours & Co.,
USA.

1981 2000
In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to
Reliance Industries Ltd.

During the years 1985 to 1992, the company expanded its installed
capacity for producing polyster yarn by over 145,000 tonnes per annum.The Hazira
petrochemical plant was commissioned in 199192. In 1993, Reliance turned to the overseas
capital markets for funds through a global depositary issue of Reliance Petroleum. In 1996, it
became the first private sector company in India to be rated by international credit rating
agencies. S&P rated BB+, stable outlook, constrained by the sovereign ceiling. Moody's rated
Baa3, Investment grade, constrained by the sovereign ceiling in the year 199596, the
company entered the telecom industry through a joint venture with NYNEX, USA and
promoted Reliance Telecom Private Limited in India. In 199899, RIL introduced packaged
LPG in 15 kg cylinders under the brand name Reliance Gas. During 19982000, the company
completed setup of integrated petrochemical complex at Jamnagar in Gujarat.
2001
In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest
companies in terms of all major financial parameters. In 200102, Reliance Petroleum was
merged with Reliance Industries. In 2002, Reliance announced India's biggest gas discovery
(at the Krishna Godavari basin) in nearly three decades and one of the largest gas discoveries
in the world during 2002. The in-place volume of natural gas was in excess of 7 trillion cubic
feet, equivalent to about 1.2 billion barrels of crude oil. This was the first ever discovery by
an Indian private sector company. In 200203, RIL purchased a majority stake in Indian
Petrochemicals Corporation Ltd. (IPCL), India's second largest petrochemicals company,
from Government of India. IPCL was later merged with RIL in 2008. In the years 2005 and
2006, the company reorganized its business by demerging its investments in power
generation and distribution, financial services and telecommunication services into four
separate entities In 2006, Reliance entered the organized retail market in India with the
launch of its retail store format under the brand name of 'Reliance Fresh. By the end of 2008,
Reliance retail had close to 600 stores across 57 cities in India. In 2010, Reliance entered
Broadband services market with acquisition of Infotel Broadband Services Limited, which
was the only successful bidder for pan-India fourth-generation (4G) spectrum auction held by
Government of India. In the same year, Reliance and BP announced a partnership in the oil
and gas business. BP took a 30 per cent stake in 23 oil and gas production sharing contracts
that Reliance operates in India, including the KG-D6 block for $7.2 billion. Reliance also
formed a 50:50 joint venture with BP for sourcing and marketing of gas in India.

In 2012,
RIL set up a joint venture with Russian Company Sibur for setting up a Butyl rubberplant
in Jamnagar, Gujarat. The plant is scheduled to be operational in 2015
.
Presently, Vivek
Lall is the President and CEO of New Ventures in the Chairmans Office at Reliance
Industries Limited.



















MAJOR SUBSIDIARIES AND ASSOCIATES:-
On 31 March 2013, the company had 123 subsidiary companies and 10 associate companies.
Reliance Retail is the retail business wing of the Reliance Industries. In March 2013, it
had 1466 stores in India. It is the largest retailer in India. Many brands like Reliance,
Reliance Footprint, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance
Trends, Reliance AutoZone, Reliance Super, Reliance Mart, Reliance iStore, Reliance
Home Kitchens, Reliance Market (Cash n Carry) and Reliance Jewel come under the
Reliance Retail brand. Its annual revenue for the financial year 201213 was 108
billion (US$1.8 billion) with an EBITDA of 780 million (US$13 million).
Reliance Life Sciences works around medical, plant and
industrial biotechnology opportunities. It specializes in manufacturing, branding, and
marketing Reliance Industries' products in bio-pharmaceuticals, pharmaceuticals, clinical
research services, regenerative medicine, molecular medicine, novel
therapeutics, biofuels, plant biotechnology, and industrial sectors of the medical business
industry.
Reliance Institute of Life Sciences (RILS), established by Dhirubhai Ambani
Foundation, is an institution offering higher education in various fields of life
sciences and related technologies.
Reliance Logistics is a single-window company selling transportation, distribution,
warehousing, logistics, and supply chain-related products, supported by in-house
telematics and telemetry solutions. Reliance Logistics is an asset based company with its
own fleet and infrastructure. It provides logistics services to Reliance group companies
and outsiders. Merged content from Reliance Logistics to here. See Talk: Reliance
Industries Merge proposals.
Reliance Clinical Research Services (RCRS), a contract research organization (CRO)
and wholly owned subsidiary of Reliance Life Sciences, specializes in the clinical
research services industry. Its clients are primarily pharmaceutical, biotechnology and
medical device companies.
Reliance Solar, the solar energy subsidiary of Reliance, was established to produce and
retail solar energy systems primarily to remote and rural areas. It offers a range of
products based on solar energy: solar lanterns, home lighting systems, street lighting
systems, water purification systems, refrigeration systems and solar air conditioners
Merged content from Reliance Solar to here. See Talk: Reliance Industries Merge
proposals.
Relicord is a cord blood banking service owned by Reliance Life Sciences. It was
established in 2002. It has been inspected and accredited by AABB,

and also has been
accorded a license by Food and Drug Administration (FDA), Government of India.
Reliance Jio Infocomm (RJIL), previously known as Infotel Broadband, is a broadband
service provider which gained 4G licenses for operating across India. Now it is wholly
owned by RIL for 48 billion (US$790 million). Sandip Das, former ceo of Maxis
Malaysia, is the current group president of Reliance Jio Infocomm.
Reliance Industrial Infrastructure Limited (RIIL) is an associate company of RIL.
RIL holds 45.43% of total shares of RIIL It were incorporated in September 1988 as
Chembur Patalganga Pipelines Limited, with the main objective being to build and
operate cross-country pipelines for transporting petroleum products. The company's name
was subsequently changed to CPPL Limited in September 1992, and thereafter to its
present name, Reliance Industrial Infrastructure Limited, in March 1994. RIIL is mainly
engaged in the business of setting up and operating industrial infrastructure. The
company is also engaged in related activities involving leasing and providing services
connected with computer software and data processing. 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 Patalganga, Maharashtra.
The pipeline carries petroleum products including naphtha and kerosene. It has
commissioned facilities like the supervisory control and data acquisition system and the
cathodic protection system, a jack well at River Tapi, and raw water pipeline system
aphasia. The infrastructure company constructed a 71,000 kilo-liter petrochemical
product storage and distribution terminal at the Jawaharlal Nehru Port Trust (JNPT) Area
in Maharashtra.





AWARDS AND RECOGNITION:-
International Refiner of the Year in 2013 at the HART Energys 27th World Refining &
Fuel Conference. This is the second time that RIL has received this Award for its
Jamnagar, the first being in 2005.
According to survey conducted by Brand Finance in 2013, Reliance is the second most
valuable brand in India.
The Brand Trust Report, 2013 has ranked 'Reliance' as the 7th most trusted brand in
India.
RIL was certified as 'Responsible Care Company' by the American Chemistry Council in
March, 2012.
RIL was ranked at 25th position across the world, on the basis of sales, in the ICIS Top
100 Chemicals Companies list in 2012.
RIL was awarded the National Golden Peacock Award 2011 for its contribution in the
field of corporate sustainability.
In 2009, Boston Consulting Group (BCG) named Reliance Industries as the world's fifth
biggest 'sustainable value creator' in a list of 25 top companies globally in terms of
investor returns over a decade.
The company was selected as one of the world's 100 best managed companies for the
year 2000 by Industry Week magazine.
From 1994 to 1997, the company won National Energy Conservation Award in the
petrochemical sector.