Reliance Industries Limited (RIL)Posted by Large Cap India on March 24th, 2020 In the year 1966 the RIL was founded by Shri Dhirubhai H.Ambani, it was started as a small textile manufacturer unit. In May 8, 1973 RIL was incorporated and conformed their name as RIL in the year 1985. RIL have evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. Reliance’s products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums. The number of shares of RIL are approx. 3.1 billion. Mr. Mukesh Ambani (Chairman and MD) holds 48.87 % shares whereas the remaining shares are held by public shareholders, including FII and corporate bodies. Oil refining is RIL’s largest activity, accounting for around 51% of the revenue in fiscal 2019, followed by petrochemicals at around 22% (both before interparty transactions). Reliance Retail Ltd is India’s largest retail entity by revenue, while RJIL has also become India’s largest telecom service provider by revenue market share in Q1 FY 2020 (RJIL, a subsidiary of RIL, has built an all-IP data network with the latest 4G LTE technology, which supports voice over LTE. RIL holds 99.44% equity stake in RJIL. The network can be upgraded to support even more data, as technologies advance on to 5G and beyond). The company has a good dividend track report and has consistently declared dividends for the last 5 years. CRISIL has converted its provisional rating assigned to Pass-Through Certificates (PTCs) issued by First Business Receivables Trust under a securitization transaction originated by Reliance Industries Ltd (RIL; CRISIL AAA/Stable/CRISIL A1+) to a final rating of ‘CRISIL AAA (SO)/Stable’. CRISIL has reaffirmed its ‘Provisional CRISIL AAA (SO)/Stable’ rating to the balance PTCs, which are yet to be issued. If you find any mistake please contact the support@largecapindia.co.in. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned. Largecapindia aim to bring you long term focused research analysis driven by fundamental thanks you. For More Info : https://www.largecapindia.com Like it? Share it! More by this author |