Reliance sets up the first petrochemicals and polyester filament yarn plant in Patalganga in record time, demonstrating Founder-Chairman Dhirubhai Ambani’s belief in economies of scale and RIL Chairman and Managing Director Mukesh Ambani’s capability to execute world-class and global scale facilities ahead of schedule.
Image Courtesy: Reliance Industries Limited.
Shri Dhirubhai Ambani and Shri Mukesh Ambani seen at the inauguration of Reliance Infocomm (now Reliance Communications).
Image Courtesy: Reliance Industries Limited.
Reliance goes public for the first time by announcing its IPO and raises Rs 2.8 crore (USD 3.28 million), thus ushering in the Equity Cult in India.
• Initial share price is Rs 10
• Issue oversubscribed seven times with 58,000 investors by the year end
• Receives approval for BSE listing of Reliance as Reliance Textile Industries Ltd.
Image Courtesy: Reliance Industries Limited.
The World Bank certifies Reliance Textile Industries as India’s finest composite textile mill by developed country standards. The World Bank called the mill India’s 'most modern textile plant’, barely nine years after Shri Dhirubhai Ambani set up the mill at Naroda.
Image Courtesy: Reliance Industries Limited.
Shri Dhirubhai Ambani moved from trading in spices to trading in yarn in the year 1961. Began large-scale import of yarn.
Image Courtesy: Reliance Industries Limited.
Dhirubhai Ambani starts a spice trading company, Reliance Commercial Corporation, at Masjid Bunder, Mumbai, in partnership with Trambhakbhai Damani.
Image Courtesy: Reliance Industries Limited.