Reliance Makes India Self Reliant

Reliance Industries is one of most renowned multinational company not only India but also Asia continent . It is the most valuable and the third largest energy company that market capital is 169 billion Dollars . Its share price is increasing whereas its competitors share price is decreasing in the period of covid pandemic . It is the 51st rank company on the basis of market capital. It is established by Dhirajlal Hirachand Ambani that is also know as Dhiru bhai Ambani in business wond .He was  one of india's greatest visionaries
Business leader.He returns to india from Yemen in 1957.He starts trading business in Mumbai. Due to their hard labour he establishs Reliance.  Realince operates textile, ,petroleum,power , infrastructure,retail,telecommunication, natural gas, hydrocarbon exploration, digital service and so on. 
Mukesh Ambani  is the Chairman , MD and largest share holder of Reliance Industries. 
In the begining it is a small textile manufacturing  organation . It was incorporated in 1973. 
It issues IPO in 1977 that breaks all records of India. It is oversucribed 700 percent. It starts construction of polyester yarn in patalganga in 1981 . After success in this area it completes its refinery at jamnagar that is the biggest refinery of India. It finds out a new natural gas fields in the bay of Bengal
* Key facts
1. It is the first Indian private company that is listed in the fortune global 500 in 2004. 
2. It is the first private company that is rated by international credit rating agency. 
3.It is the first Asian private company to issue bond in U.S.A in 1996. 
4.It is the first indian company to cross 150 billion Dollars according to market capital 
5. It makes itself net debt free ahead of schedule .
6.Its part JIO got billion Dollars for foreign investment. it gets fitch upgrades Reliance Industries rating. Now it is investment BBB +
6. It is the 57th most valuable company in the world 
7.It is top five company of world economy that performs very well in the period of covid pandemic 
8.It supports 500cr to PM CARES. 
9. It sets up 100 bed COVID dedicated Hospial for the treatment of covid 19  patient . All beds are equipped with modern facalities like ventilators, pacemaker etc.
1o.  It also builds an isolation centre in Mumbai
11. It deploys all its firm like Reliance foun dation, Realince Retail, Jio ,Relince life science to fight COVID-19 and serve humanity

Comments

Post a Comment

4096

Popular posts from this blog

Financial investment

The rise of BJP by Bhupendra Yadav

Narendra Modi world's 100 most influence People.