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Essay / Reliance Industries Limited: Financial Analysis of...
RIL has undertaken the largest expansion in the petrochemical sector in the world – an overall volume expansion of 65%. Reliance Innovation CouncilThe Reliance Innovation Council (RIC) establishes an agenda to actively drive innovation within Reliance to preserve its position as a unique corporate entity and one of the most innovative companies in the world. In other words, the council – comprising global thought leaders, Nobel laureates and iconic personalities – provides vision for the innovation movement at Reliance. Reliance Technology Group (RTG), which houses a state-of-the-art R&D center and leads technology development at Reliance, was born from the vision of RIC. The Reliance Innovation Leadership Center (RIL-C) was established to serve the innovation vision of the council. This center implements the innovation agenda by deploying the best and next transformational innovative practices that will impact not only Reliance but also the industry and the country at large. The center aims to impact every element of Reliance's innovation ecosystem – whether people or processes, technologies or new businesses. Selected innovation