Reliance Industries Ltd.

Reliance Industries’ research and development (R&D) work is attracting interest from American and British educational powerhouses. American companies are looking for tie-ups, collaborations and research agreements in order to derive the full benefit of open innovation networks.

The company is engaged in cutting-edge R&D work and plans to establish a gas cracker plant at Jamnagar, Gujarat. It also expects to increase the capacity of purified terephthalic acid, a raw material for polyester fibre, to 4.3 million tonne.

The company has reported 23.92% rise in its net profit at Rs 5502.00 crore for the quarter ended December 31, 2012 as compared to Rs 4440.00 crore for the same quarter in the previous year. Total income of the company has increased by 10.10% at Rs 95626.00 crore for quarter under review as compared to Rs 86852.00 crore for the quarter ended December 31, 2011.