Reliance Share Price

Reliance Industries Limited (RIL) is India’s largest company by market capitalisation and revenue. Headquartered in Mumbai, Reliance has a diversified presence across sectors such as energy, petrochemicals, textiles, retail, telecommunications, financial services, renewable energy and media. The Mukesh Ambani-led company had a market capitalisation of nearly ₹16.62 lakh crore as of December 7, 2023.

The Fortune Global 500 company had a humble beginning in 1957 when Dhirubhai Ambani started a yarn trading business. Dhirubhai Ambani founded Reliance Textiles Industries in 1973. The company started its operations in textiles, but soon diversified into other sectors such as petrochemicals and refining.

In 1977, Reliance Textile Industries’ IPO created history. Reliance Industries stock has gained more than 22.61% in the last three years (as of December 11, 2023).

RIL entered the telecommunications sector in the 1990s and became a major player. The company also ventured into the retail segment in 2006 and became the largest retailer by 2014.

Reliance Industries Limited

The flagship company of the conglomerate comprises its core businesses of oil refining and marketing; petrochemicals; oil & gas exploration; and production. It is the largest petroleum refiner in India and a major producer of petrochemicals.

Under the oil & gas exploration business, the company made a significant deep-sea discovery of gas reserves in the Krishna Godavari basin—the KG D6 Block–in 2002-2003. Reliance also has two coal bed methane (CBM) blocks in Madhya Pradesh.

The company is also a major refiner and its Jamnagar refinery is the largest single-site refinery in the world.

Reliance Retail

From groceries to clothes and home appliances, Reliance Retail stores have almost everything. With 18,446 stores, it is the largest retail chain in the country.

Jio Platforms

When Reliance Industries Limited entered the telecom sector, it changed the market as a whole. Jio is now the largest single-country operator in the world with over 400 million subscribers. The services include optical fibre, mobile devices, apps and business solutions.

Renewable Energy & New Materials

RIL has also ventured into the Renewable Energy and New Materials segment as part of its vision of achieving net-zero carbon status by 2035. It is building the world’s most modular, large-scale, affordable, and modern green energy manufacturing business with an investment of ₹75,000 crore.