centralisation of reliance company.
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Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India,[4] the largest publicly traded company in India by market capitalization,[5] and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation.[6] On 18 October 2007, Reliance Industries became the first Indian company to exceed $100 billion market capitalization.[7][8]
The company is ranked 106th on the Fortune Global 500 list of the world's biggest corporations as of 2019.[9] It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016. Reliance continues to be India's largest exporter, accounting for 8% of India's total merchandise exports with a value of Rs 147,755 crore and access to markets in 108 countries.[10] Reliance is responsible for almost 5% of the government of India's total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India.[10] In 2019, Reliance Industries become the first Indian firm to cross Rs 9 lakh crore market valuation mark.[11] It has become the first ever Indian company to cross Rs 10 lakh crore market capitalization.[12][13][14]
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Reliance Industries' activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications. The petrochemicals segment includes production and marketing operations of petrochemical products.