XTRAS: RIL accounts for 8% of India’s total merchandise exports with a value of Rs 1,47,755 cr and has access to markets in 108 countries. 5% of the Indian government’s total revenue comes from Reliance’s customs and excise duty.
SWOT ANALYSIS
STRENGTHS
• Established brand in all sectors of operations.
• Strong market presence and on dominant position.
• Diverse portfolio spreads risk and improve stability.
• All business domains are deeply penetrated in the country.
WEAKNESSES
• Business performance depends on the industry specific laws & regulations.
• Strong association to a certain political mindset has become a chink in the armor for Reliance.
• Decline in raw materials' supply will directly affect production.
OPPORTUNITIES
• Expansion in fintech domain could be the next step for Jio.
• Joint ventures with food and or grocery delivery firm scan boost FMCG division of Reliance.
• Geopolitical tensions can pave path for profitable deals in oil & gas industry.
THREATS
• Booming EV industry can disrupt the fuel sector incoming decades.
• Increasing awareness and actions to conserve environment may give a tough time.
• Partnerships of competitors will pose threat to market share.
FUTURE PROSPECT
• RIL will develop an ecosystem for assisting small and medium enterprises and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of renewable energy and green hydrogen.
• The company said, adding that the memorandum of understanding with the Gujarat government was part of investment promotion initiatives announced at the Vibrant Gujarat Summit 2022.
• RIL will invest another Rs 60,000 crore in setting up New Energy Manufacturing-Integrated Renewable Manufacturing:
1) Solar PV Module (manufacture of Polysilicon, wafer, cell & module)
2) Electrolyzer
3) Energy-storage Battery
4) Fuel Cells.
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