Reliance Industries owns and operates the following businesses:
- Oil & gas
- Jio (Telecom, Digital Services, and Platforms)
- Media and Entertainment
- Renewable Energy
1. Oil & Gas (63.5% of Revenues)
As of March 2022, Reliance Industries (RIL) explores over and develops oil and gas in areas that cover about 11 lakh acres. From this exploration area, RIL has a 100% stake in exploring 2.45 lakh acres while the rest of the area is under joint development (with BP), with RIL’s share ranging from 60 to 66%.
For the quarter ended September 2022, RIL reported revenues of Rs. 253,497 crores. The Oil to Chemicals business (polymers, transportation fuels, and polyesters) contributed Rs 159,671 crore (62%) to the total revenue, while the Oil and Gas Exploration business contributed Rs. 3,853 crores, or just 1.51% to the total revenue. The company’s Oil to Chemical business involves converting oil into high-value chemicals instead of fuel (diesel, petrol). Note that the turnover of the transportation fuels sub-business is marginal – the main income of the Oils to Chemicals business is generated by polymers and polyesters
2. Jio Platforms (11% of Revenues)
For the quarter ended 30 September 2022, the Jio Platforms vertical of RIL reported a turnover of Rs. 28,506 crores, or 11% of RIL’s revenues.
Aside from telecom, Jio also operates Jio Platforms (software-as-a-serve, apps, etc.) and details are not known about this business at the time of writing this post.
3. Reliance Retail (25% of Revenues)
For the quarter ended 30 September 2022, the Reliance Retail of RIL reported a turnover of Rs. 64,920 crores, or 25% of RIL’s revenues.
Reliance Retail operates a chain of convenience stores and supermarkets, specialty stores, and online shops. Its brands include:
- Reliance Fresh
- Reliance Smart
- Reliance Smart Point
- Reliance Digital
- Jio Store
- Reliance Trends
- Trends Footwear
- Reliance Jewels
- Reliance Brands
- Reliance Mall
- Reliance Consumer Brands
4. Reliance Media and Entertainment (0.71% of Revenues)
This business is operated by RIL’s TV 18 vertical. It comprises News 18 channels, a partnership with Viacom (Colors, Nickelodeon, etc.), Voot OTT, CNBC business channels, publishing (Forbes, Overdrive, and a couple more), web properties (Moneycontrol, BookMyShow), and movies (Jio Studio).
This segment reported a turnover of Rs 1,812 crores, or just 0.71, of RIL’s revenues for the quarter ended September 2022.
5. Renewable Energy (0% of Revenues)
In the future, by 2030, RIL plans to establish 100 GW of solar energy. It will require an investment of Rs 75,000 crores in new energy, including carbon capture technologies, between 2022 and 2025.
As of September 2022, this business vertical has not generated any revenues.