Reliance Continues To March Ahead

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Addressing a mammoth gathering of shareholders at the 30th Annual General Meeting of Reliance Industries Limited at the Birla Matoshree Sabhagrah Hall in town Mumbai on June 24, 2004, Chairman Mukesh Ambani outlined his ambitious plans for the coming years. Some of the salient features of the address were:

" Reliance is the first Indian private sector company to register over one billion USD in net profit.

" Revenues grew to Rs 74,418 crore (US$ 17.022 billion) , total assets Rs 71,157 crore (US$ 16.277 billion) and exports to Rs 14,969 cr (US$ 3.424 billion)

" Market capitalization went up to Rs 75,132 crore (US$ 17.186 billion)

" New gas find off the Orissa coast

" Investment of Rs 2,500 crore in oil and exploration, over the next two to three years

" Acquisition of the Frankfurt-based Trevira GmbH

" Adding half a million tonnes per annum of polyester capacity over the next two years

" Building 5,849 petroleum retail outlets

" Reliance Infocomm launched 'Monsoon Hungama' scheme on July 1, 2003 received tremendous response

" Expanding Reliance Infocomm services from 1,100 to 5,000 towns

" Making RIC services available in one-lakh villages.

" Creating capacity to cater to an army of 40 million mobile subscribers of RIM

" Creating a 'Broadband Bharat'

" Enabling RIC to reach out to the global market through FLAG telecom

" Job opportunities for a b o u t o n e l a k h young Indians in alliance with National Institute of Sales called Rel-NIS

The future is boundless.