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The Ambani brothers on Saturday reached a settlement to split between themselves, assets of India's largest private sector conglomerate, with over Rs 97,000 crore (Rs 970 billion) in revenues, founded by their late father Dhirubhai.
Following are facts related to interests and performance of companies divided between Mukesh (Reliance Industries Ltd [Get Quote], IPCL [Get Quote] and Anil (Reliance Energy Ltd [Get Quote], Reliance Capital [Get Quote], Reliance Infocomm) in that order.
Reliance Industries Ltd (RIL): The group flagship, is the second largest company by market capitalisation on the Bomba Stock Exchange after ONGC [Get Quote], having an m-cap of Rs 83,729.05 crore (Rs 837.290 billion) as on June 17.
The company, with net profits of Rs 7,572 crore (Rs 75.72 billion) for the year ended March 31, 2005, operates the world's third largest refinery in a single location, in Gujarat, with a capacity of 660,000 barrels per day.
RIL, in which foreign funds holding is 21.55 per cent, is expanding its petrochemicals capacity to over 14 million tonnes per annum (mtpa) from 12 mtpa in the next few years to become the world's largest producer of polyester yarn and fibre.
It has struck gas in the Krishna Godavari basin and has in place reserves of an estimated 14 trillion cubic feet.
Indian Petrochemicals Company Ltd (IPCL): With net profits of Rs 786 crore (Rs 7.86 billion) in FY 05, IPCL is India's second-largest petrochemicals company, operating a naphtha-based petrochemicals complex and two gas-based complexes.
Reliance Energy Ltd (REL): REL which had a net profit of Rs 520.29 crore (Rs 5.202 billion) in fiscal 2005 is India's largest integrated private sector company with an installed capacity of 941 MW.
The company plans to commission a 3,740 MW power plant in Uttar Pradesh at Dadri. The plant is said to be the world's largest gas-based plant.
It will get its gas supply from RIL. Reliance Energy has drawn up further plans to invest Rs 180 crore (Rs 1.80 billion) in transmission.
Reliance Infocomm: The company is the country's largest mobile phone service provider having more than 11.50 million subscribers as in June 2005.
It acquired undersea cable company, Flag Telecom, in 2004 and prior to the split, RIL held 45 per cent in Infocomm. The company is currently unlisted while the settlement has raised speculation that the company may go in for an IPO.
Reliance Capital: With net profit of Rs 105.81 crore (Rs 1.058 billion) in fiscal 2005, Reliance Capital is engaged in asset financing and also operates a mutual fund.
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