Reliance Petroleum Limited (RPL) is a subsidiary of Reliance Industries Limited (RIL). Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of Rs. 1,50,771 crore (US$ 29.7 billion) along with a cash profit of Rs. 21,566 crore (US$ 4.3 billion), and net profit (excluding exceptional income) of Rs. 15,607 crore (US$ 3.1 billion) as of year 2009.
RIL is the first private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks 103rd amongst the world’s Top 200 companies in terms of profits. RIL features in the Forbes Global list of the world’s 400 best big companies and in the FT Global 500 list of the world’s largest companies. RPL has a strategic alliance with Chevron India Holdings Private Limited, Singapore. Chevron holds a 5% equity stake in RPL.
The refining activities of RPL are carried out at the Jamnagar refinery complex with a refining capacity of 27 million tonnes per annum or 540,000 barrels a day. Extensive varieties of crude can be processed in the refinery including very light to very heavy (from 18 – 45 degree API) and from sweet to very heavy (with sulphur content from 0 – 4.5%). First crude processing took place in RPL on 25th December, 2008. It has several secondary processing units which are under synchronization and commissioning. According to the Nelson Complexity Index RPL will have a complexity of 14.0 which will help it to get a good rank amongst the peak performers in the niche?
A huge portion of Indian people feels proud to identify them with RIL thus increasing its brand value several times. A few years back the company shares gave amazingly high returns to short term traders. It has attracted many to invest in it for long term benefits. People who have very little knowledge to buy or sell shares are also interested to gain some profit from the growth story of Reliance Petroleum Limited. So, they are relying upon past performance, stock investment tips and analyses.
