Reliance refinery becomes first refinery to produce BS-IV compliant diesel

Mukesh Ambani-owned Reliance Industries Limited (RIL) has become the first Indian refinery to produce BS-IV compliant diesel and according to Business Standard, the first cargo of 25,000 tonnes of Euro-IV grade diesel from RIL's refinery at Jamnagar was shipped by Hindustan Petroleum Corporation Ltd (HPCL) on Friday, quoting an unidentified source.

 

It is to be mentioned that Reliance Industries Limited  is India's largest private sector conglomerate (by market value) , with an annual turnover of US$ 35.9 billion and profit of US$ 4.85 billion for the fiscal year ending in March 2008 making it one of India's private sector Fortune Global 500 companies, being ranked at 206th position (2008). It was founded by the Indian industrialist Dhirubhai Ambani in 1966.

 

Though the company's oil-related operations form the core of its business, it has diversified its operations in recent years. After severe differences between the founder's two sons, Mukesh Ambani and Anil Ambani, the group was divided between them in 2006. In September 2008, Reliance Industries was the only Indian firm featured in the Forbes's list of 'world's 100 most respected companies'.