RIL Bonds Case
RIL Bonds
The Reliance Group has its businesses in the energy and materials value chain. The annual revenue of RIL is in excess of US$ 34 billion. RIL is a Fortune Global 500 company and is the largest private sector company in India. Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies, Reliance pursued a strategy of backward vertical integration - in polyester, fibre intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production - to be fully integrated along the materials and energy value chain. The Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and special economic zones. Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. The
Group exports products in excess of US$ 20 billion to 108 countries in the world. Major
Group Companies are Reliance Industries Limited (including main subsidiaries Reliance
Petroleum Limited and Reliance Retail Limited) and Reliance Industrial Infrastructure
Limited.
In the financial year 1995-96 Reliance became the first private sector company in India to be rated by international credit rating agencies. Three US based international rating agencies, i.e. Standard and Poor’s (S&P), Moody’s and The National Association of
Insurance Commissioners (NAIC) rated Reliance during the year. S & P rated Reliance
“BB+, Stable Outlook, constrained by the Sovereign Ceiling”, Moody’s rated “Baa3,
Investment Grade, constrained by the Sovereign Ceiling” and NAIC rated “NAIC 2,
Investment Grade”, in the background that international rating agencies generally do not rate a company higher than the country in which the company is domiciled.
The Reliance Group has its businesses in the energy and materials value chain. The annual revenue of RIL is in excess of US$ 34 billion. RIL is a Fortune Global 500 company and is the largest private sector company in India. Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies, Reliance pursued a strategy of backward vertical integration - in polyester, fibre intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production - to be fully integrated along the materials and energy value chain. The Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and special economic zones. Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. The
Group exports products in excess of US$ 20 billion to 108 countries in the world. Major
Group Companies are Reliance Industries Limited (including main subsidiaries Reliance
Petroleum Limited and Reliance Retail Limited) and Reliance Industrial Infrastructure
Limited.
In the financial year 1995-96 Reliance became the first private sector company in India to be rated by international credit rating agencies. Three US based international rating agencies, i.e. Standard and Poor’s (S&P), Moody’s and The National Association of
Insurance Commissioners (NAIC) rated Reliance during the year. S & P rated Reliance
“BB+, Stable Outlook, constrained by the Sovereign Ceiling”, Moody’s rated “Baa3,
Investment Grade, constrained by the Sovereign Ceiling” and NAIC rated “NAIC 2,
Investment Grade”, in the background that international rating agencies generally do not rate a company higher than the country in which the company is domiciled.