Archive for April, 2015

Special Children cheer at Wankhede courtesy Reliance Foundation

April 29, 2015

As a part of Reliance Foundation’s Education for All (EFA) program, its Chairperson and owner of Mumbai Indians team, Nita Ambani, had booked the entire Wankhede stadium for underprivileged students. The children,supported by non-governmental organizations (NGOs) and from Brihanmumbai Municipal Corporation (BMC) schools, were brought at Mumbai’s Wankhede stadium to witness T20 match of the eighth season of Indian Premier League (IPL) between Mumbai Indians and Sunrisers Hyderabad, last Saturday.

Excitement of the children

The differently-abled children enjoyed the match sitting on Level I of the Garware Pavilion. Watching the match live in the stadium turned their dreams into reality.

There were 17,000 underprivileged children including 200 special children and 12 autistic children, who came on wheelchair. They were the ones who seemed to be most excited. A child named Hussain Morkas saw the match from the air-conditioned Corporate Box. The 15-year-old expressed his excitement by saying that he could not sleep even for a moment, the previous night. He said that he had never watched a match live from the stadium before and had always wished for it.

His father, resident of Byculla, had also accompanied him and was watching the match from outside the box. He was overwhelmed on seeing the excitement of his son. He informed that his son is a huge cricket fan and always insisted on taking him to a stadium. He further added that he never saw his son so happy.

EFA program

The social initiative of EFA began in 2010. Now, the program has spread across the nation. Mumbai Indians team had been dedicating its home match to this noble cause since past few years. For the first time, the team has invited and made special provision for 200 special children.

The EFA initiative has now turned out to be a huge program. In its five years, the initiative has supported more than 70,000 underprivileged children by providing them education. These also include school drop outs.

Arrangement made for the children

Reliance Foundation made all the possible arrangements for the comfort of the children. 414 BEST and private buses were used so that the children could travel comfortably to and fro. 2000 volunteers looked after them.

Around 1 lakh food boxes were arranged and each kid was provided with 5 food boxes. Water and beverage was also present in abundant quantity. Besides, 1 medial team consisting of doctors and nurses, 4 medical centers and 10 first aid centers were arranged.

Reliance Foundation’s commitment

Reliance Foundation is a strong believer and supports the cause of Sports for Social Cause. Both Reliance Foundation and Mumbai Indians are striving to transform the way these underprivileged children learn. They are working hard to give them the right kind of quality education.

For greater success of this noble cause, Reliance Foundation uses its large global fan base. Through this, it boosts the awareness about the prevailing social problem. This helps it to get the support of its fans and sponsors.

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Reliance Retail Chain, the Biggest in the Country

April 23, 2015

It is not just the revenues in which the retail arm of Mukesh Ambani led-Reliance Industries is a leading name;but Reliance Retail is also the leader in almost all the categories it operates.

Maximum number of stores in different categories

Its electronics and consumer durables store, Reliance Digital became the largest retail chain in India. Reliance Digital has around 1,000 outlets across the country. Croma that is owned by Tata has 97 stores while the second in the list Videocon’s Nexthave around 800 outlets. Last Friday, Reliance Industries announced the numbers in the financial results for January, 2015 to March, 2015.

Reliance Digital Xpress Mini, with crossing the 800 mark has become the largest chain with maximum number of stores for mobile phones. It has surpassed Essar’s The Mobile Store which has 800 stores in India.In the category of cash and carry stores, again Reliance Retail is the leader. Since the last four years, Reliance Retail has set up 43 stores. These are known as Reliance Market stores. Around 1,500,000 people have registered themselves as the members of Reliance Market across the country. These include grocery stores, small organizations and hotels.

Walmart which is based in the United States has set up 20 outlets since seven years and Metro with its base in Germany, operates 17 wholesale stores since the last 10 years.

The next category, in which Reliance Industries leads is department stores. Its 200 outlets of department stores are known as Reliance Trends. They sell around 1.5 lakhs of garments every day. It is thus termed as the biggest fashion retailer in India. The other stores like Shoppers Stop which is owned by the Raheja Group operates 75 outlets and Pantaloons which is owned by Aditya Birla Group operates around 100 stores.

Its retail footwear business, Reliance Footprint, operates 200 stores across 100 cities. During the quarter’s end in March, 2015, Reliance Retail stated that it runs 2,621 outlets in 200 cities of India. The stores occupy a total space of 12.5 million sq. ft. In this financial year alone, Reliance Industries added 930 outlets amounting to 0.9 million sq. ft. of operating space. Varied sectors of Reliance Retail posted like to like growth. This means, from stores in operation for more than a year, the growth was around 17%.

Revenue of Reliance Retail

In 2013, Reliance Industries has projected a significant growth in the number of its employees involved in the retail business. From 35,000, in 2013, Reliance Retail set a target of making it 120,000 by 2018.

In the financial year 2014 – 2015, Reliance Retail posted profits twice more than the previous year. Its revenues also increased by 21.2%.The profit before depreciation interest and taxes (PBDIT) increased to Rs. 784 crores as against Rs. 363 crores in the financial year 2013- 2014. The revenues also increased to Rs. 17,640 crores.

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Reliance Industries to set up Two Petrochemical Plants

April 14, 2015

Mukesh Ambani-led Reliance Industries Limited informed that it will soon come up with two new petrochemical plants. These plants will be manufacturing polyester plastic that is used in packaging, plastic bottles, clothing and foods and beverages.

The company informed of initiating a plant at Dahej in Gujarat with resin capacity of 650 KTA PET (Polyethylene Terephthalate) and 1,150 kilo tons per year Purified Terephthalic Acid (PTA).

Benefits from the plants

The polyester plastic made from PTA is capable of being used in the production of many things including drinks bottles, clothes and home furnishings. Similar to clothing fabric, PET is a kind of polyester. It is given shapes of plastic bottles and containers that are then used in the packaging of personal care products, foods and beverages, etc.

A statement from the company informed that the PTA plant is set up using Invista technology. It also said that after this plant is initiated,Reliance Industries’ total PTA capacity will be as high as 3.2 million tons per year. Besides, the company’s global capacity share will also reach at 4%.

Reliance Industries’ refinery at Jamnagar is the source and controller of Paraxylene. Paraxylene is the feedstock for PTA plant. The same complex also houses 640 KTA PET. Reliance Industries through this integrated process will thus be able to reduce its operating costs and also seizethe full chain margin. The company is setting up one more PTA plant. The new plant will have the same capacity and will be located near it. The construction for the same has already begun. This will help the company to feature among the top five PTA manufacturers worldwide.

At present, India produces 5.4 million tons polyester every year. This makes the country, the second largest producer of polyester. Every year, the Polyester market is showing growth rate of 8-10%. Indian market is currently facing deficit of PTA over 1.5 million tons every year. The current capacity will help to overcome this deficit to an extent.The PTA plant will also help the country to attain self-sufficiency. It is a step to fulfill Prime Minister Narendra Modi’s dream of ‘Make in India.’

PET plant has two lines that together give manufacturing capacity of 650 KTA. Invista Technology is used in the plant for Continuous Polymerization and Buhler AG Technology is used for Solid State Polymerization. The plant has one of the largest bottle grade PET resin capacity, in the world from a single place. This makes Reliance Industries to rank first as PET resin producer with over 1.15 million tons of PET resin capacity.

PET resin from this capacity will be used in the packaging of water, pharmaceuticals, carbonated soft drinks and other foods and beverages. This capacity will also help the downstream industry of bottle and packaging to meet the ever rising demands from India.The demand for PET is fast growing in India at a rate of 15-20% every year.

The two feedstocks for the new PET plant, PTA and Mono Ethylene Glycol (MEG),are available within the complex. Because of raw materials being produced in-house, the company will be benefitted with low costs and higher product quality.

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Reliance Jio to provide 4G at Wankhede Stadium during IPL

April 2, 2015

The telecom venture of Mukesh Ambani-led Reliance Industries, Reliance Jio Infocomm, has chosen the Wankhede Stadium to provide its 4G services through Wi-Fi. Around 30,000 people who will come to see the Indian Premier League (IPL) T20 2015 from 8th April will be able to enjoy the services.

At present, the organization has started to test the 4G services at the stadium. According to sources, the infrastructure to provide Wi-Fi along the entire stadium has been set up. Trials of the service have begun. Besides, the executives of the company are working on varied factors so that high-speed services are efficiently delivered to the people.

Out of the eight franchise cricket teams of the IPL, Mumbai Indians, is owned by IndiaWin Sports Pvt. Ltd., which belongs to the group of Reliance Industries. This is the main reason why Reliance Jio has chosen Mumbai’s Wankhede Stadium to offer its services. Seven T20 league matches of Mumbai Indians will be played at Wankhede Stadium. The first match at Wankhede Stadium will be of Mumbai Indians against Kings XI Punjab on 12th April.

Some other league matches that Mumbai Indians will play at Wankhede Stadium will be against Chennai Super Kings on 17th April, SunRisers Hyderabad on 25th April, Rajasthan Royals on 1st May, Delhi Daredevils on 5th May, Royal Challengers Bangalore on 10th May and Kolkata Knight Riders on 14th May. Spectators of all these matches will be able to enjoy the 4G service experience.

Preparations of Reliance Jio

Reliance Jio is gearing up for its official launch of 4G services. It is conducting varied tests in different regions of the country to provide efficient services. It has chosen few campuses of Indian Institute of Technology (IIT) and high-streets in some of the states, for the same. In January, the organization offered the services to many entrepreneurs from around the world who were present at Vibrant Gujarat summit held in Gandhinagar.

Sources said that providing 4G internet services for 4-5 hours at Wankhede Stadium will be completely different than the previous trials. The enthusiastic cricket fans will have a different experience when they will be able to send real-time images and videos and also do video-chats with people outside, using the 4G service.

Reliance Jio is the first telecom company to acquire pan-India unified licence that enables it to give 4G services.

After the recently concluded government’s spectrum sale, Reliance Jio on 26th March, announced that it has bagged rights to use spectrum in 13 important regions across the country.

The company spent around Rs. 10,077.53 crores to get spectrum in the frequency bands of 800 MHz and 1800 MHz. Mukesh Ambani, Chairman and Managing Director of Reliance Industries had then said, “Jio’s seamless 4G services using proven multi-band LTE technology and supported by our large spectrum footprint will provide superior user experience for voice, video and data services in line with the best service providers in the world.”

Summary

<a href=”http://www.reliance-tracker.in/&#8221; title=”Reliance Jio Infocomm Limited “>Reliance Jio </a> will provide 4G services through Wi-Fi at Mumbai’s Wankhede Stadium during IPL matches.