Reliance Industries Ltd.

Reliance Industries (RIL) has concluded sale of its 25 per cent stake in an oil block in Yemen to Indonesia's Medco Energi for about $90 million. The company’s Dubai-based subsidiary Reliance Exploration & Production DMCC signed the completion documents for divestment of its 25% working interest in the Yemen's Block-9 to Medco Yemen Malik, a wholly-owned subsidiary of PT Medco Energi Internasional Tbk of Indonesia. The effective economic data of the transaction is January 1, 2012 and the transaction has been approved by the Ministry of Oil and Minerals of Yemen.

Reliance Industries, is country’s largest private sector company on all major  financial parameters  with a turnover of Rs 339,792 crore, cash profit of Rs 31,994 crore and net profit of Rs 20,040 crore as of March 31,2012.