OREANDA-NEWS. Reliance Industries Limited (RIL) was awarded the prestigious 'International Refiner of the Year' 2013 at HART Energy’s 27th World Refining & Fuel Conference held recently at San Antonio, Texas, USA. The award was presented to Reliance for producing cleaner, higher-quality gasoline and diesel fuel, operating with the highest international refining standards and innovative use of resources in diverse environments and for innovation, global vision, and ability to chart future changes.

Mr. K. Balachandran, Chief of Operation (Jamnagar Refinery & Petrochemical Complex), accepted the award on behalf of Reliance and its employees. This is the second time that Reliance has received this Award for its Jamnagar Refinery, the first being in 2005. RIL is the only Asian refiner to have been conferred this award twice.

Reliance operates two of the world’s largest and most complex refineries. With 1.24 million barrels per day (MBPD) of crude processing capacity, Reliance is the largest refiner at any single location in the world. The addition of a new refinery has transformed its Jamnagar complex into the ‘largest refining hub of the world’. Further, Reliance is among the Top 10 private sector refining companies globally, and owns 25% of the world’s most complex refining capacity.

Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of INR 339,792 crore (USD 66.8 billion), cash profit of INR 31,994 crore (USD 6.3 billion) and net profit of INR 20,040 crore (USD 3.9 billion) as of March 31, 2012.

RIL is the first private sector company from India to feature in Fortune’s Global 500 list of 'World's Largest Corporations' and ‘World’s Top 100 companies’, ranking 99th in terms of revenues and 130th in terms of profits in 2012. RIL ranks 68th in the Financial Times’ FT Global 500 list of the world's largest companies. RIL is ranked amongst the ’50 Most Innovative Companies - 2010' in the World in a survey conducted by the US financial publication - Business Week in collaboration with the Boston Consulting Group (BCG). In 2010, BCG also ranked RIL as the second highest ‘Sustainable Value Creators’ for creating the most shareholder value over the decade in the world.