Reliance Industries Ltd.

Credit rating agency, CARE has reaffirmed ‘AAA’ /’A1+’rating to Reliance Industries’ Long term/Short term Non Convertible Debenture/ Commercial Paper worth Rs 5,000 crore.

The company has received the said rating on back of its highly experienced and resourceful promoter/group, highly integrated nature of operations with presence across the energy value chain, diversified revenue streams, massive scale of downstream business with highly complex refineries, established leadership position in the petrochemical segment and strong financial risk profile characterized by robust capital structure, stable cash flows and healthy liquidity position.

RIL is an oil refining, petrochemicals and upstream (mainly natural gas at present) company. It has two highly complex refineries with combined capacity of 1.24 million barrels per day and domestic proved reserves of 660 million barrel of oil equivalent as at end-March 2013.