>RELIANCE INDUSTRIES LIMITED (FIRST CALL)

■ Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of Rs. 1,46,328 crore (US$ 28.85 billion), cash profit of Rs 22,365 crore (US$ 4.41 billion), net profit (excluding exceptional income) of Rs. 15,637 crore (US$ 3.08 billion) and net worth of Rs 126,373 crore (US$ 24.92 billion) as of March 31, 2009.

■ The company has successfully completed an assessment of the design capacity of the KG D6 deepwater gas production facilities.

■ The company has revised its proposal to buy a controlling stake in bankrupt LyondellBasell Industries.

■ Reliance Retail plans 85 jewellery stores over next 3 years.

■ Reliance Exploration and Production DMCC (REP) has signed a farm out agreement with Ecopetrol SA (Ecopetrol) for Borojo North Block 42 and Borojo South Block 43 in Colombia.

■ Oil Discovery by RIL in Cambay Basin.

■ The company’s net sales are expected to grow at a CAGR of 14% over FY08 to FY11E.

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