Reliance wins annual ‘2005 ASTD BEST Award’

Company Release,October 17

Mumbai

Reliance Industries Limited’s (RIL) - Hazira manufacturing division has won the ‘2005 ASTD BEST Award’ from the American Society for Training & Development Award (ASTD). BEST organizations are the one's who achieve enterprise wide success through learning by creating, supporting and championing learning opportunities for results and a learning culture.

According to Tony Bingham, ASTD’s president and CEO, “The 2005 ASTD BEST Award winners set the standard of excellence for exceptional practices in employee learning and development.” Bingham continues, “The winning organizations understand how to leverage employee learning with other critical business functions to achieve maximum impact, efficiency, and performance across the enterprise.”

This elite club has Global Conglomerates like IBM, Hewlett Packard, Intel Corporation, Merck & Co, QUALCOMM, General Electric, Deloitte & Touche, Lockheed Martin Corporation, Barclays Bank plc, Toshiba America Business Solutions, Inc and many others.

Reliance is the first petrochemicals company from India to have won this award. It is also the first petrochemicals company from Asia and second petrochemicals company, after Dow Chemicals globally. RIL - Hazira Unit was ranked 13th amongst the ‘2005 ASTD BEST Award’ winners.

Reliance Industries Limited

Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with turnover of Rs 73,164 crore (US$ 16.7 billion), cash profit of

Rs 12,087 crore (US$ 2.8 billion), net profit of Rs 7,572 crore (US$ 1.7 billion), net worth of Rs 40,403 crore (US$ 9.2 billion) and total assets of Rs 80,586 crore (US$ 18.4 billion).

RIL is the first and only private sector company from India to feature in the 2004 Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks amongst the world’s Top 200 companies in terms of profits. RIL emerged in the world’s 10 most respected energy/chemicals companies and amongst the top 50 companies that create the most value for their shareholders in a global survey and research conducted by PricewaterhouseCoopers and Financial Times in 2004. RIL also features in the Forbes Global list of world’s 400 best big companies and in FT Global 500 list of world’s largest companies.

RIL emerged as the ‘Best Managed Company’ in India in a study by Business Today and A.T. Kearney in 2003. In 2004, the company emerged as ‘India’s biggest wealth creator’ in the private sector over a 5-year period in a study by Business Today – Stern Stewart and as India’s ‘Most Admired Company’ in a Business Barons – TNS Mode Opinion Poll.