30-11-2012, 05:08 PM
Reliance Industries Limited
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Corporate Philosophy
n World scale, and world class
n State-of-the-art technologies
n Integration
n Global competitiveness
n Leadership in chosen areas of business
n Superior Project Execution
n Financial Conservatism
n Highest standards for Health, Safety and Environment
n Consistent overall shareholder value enhancement
Reliance’s Financial Strength
n Reliance’s total assets have grown from US$ 1.9 billion to
US$ 13.42 billion over the last 10 years
n This has been achieved with the debt:equity ratio being brought
down down from 0.84 to 0.6 in the same period, indicating
financial conservatism of a high degree
n Reliance has consistently maintained its ‘AAA’ credit ratings,
indicating the company’s financial strength and flexibility
n Reliance’s cash flows at current levels for less than 2 years are
adequate to extinguish its entire net debt
Reliance’s Upstream Assets
n Reliance holds 30% interest in the producing Panna, Mukta and Tapti oil and
gas fields – current revenues are US$ 170 million per year
n Reliance has acquired 32 blocks in India in the last few years –
90% interest in 25 blocks, and 40% - 100% interest in remaining blocks
– 2 blocks in pre-NELP round of bidding
– 12 blocks in NELP-1
– 4 blocks in NELP-2
– 9 blocks in recent NELP-3
– 5 acquired blocks
n Reliance also has two Coal Bed Methane blocks with an area of
about 1000 sq.km. – preparatory work for drilling is on
n 17% interest in 1 onshore block in Yemen – oil already struck