Companies

​RIL is top tax payer, has paid Rs 2.88 lakh cr in last 10 years

Our Bureau Mumbai | Updated on January 09, 2018 Published on August 14, 2017

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Reliance Industries Ltd (RIL) has been the highest tax payer in the country, with the company contributing more than Rs 2,88,000 crore ($45 billion) to the national exchequer in last 10 years.

The Mukesh Ambani-controlled firm is also the single largest investor, having invested more than Rs 3,30,000 crore ($51 billion) in the last five years. It had invested more than Rs 2,00,000 crore in Jio to set up the company from scratch, it said in a statement.

RIL has invested more than Rs 1,30,000 crore in the energy and materials business and $5.7 billion in US shale investments at its peak, but now partially sold, it added.

The Reliance Group together employs over 2.5 lakh people, while it has created employment opportunities for more than 50 lakh people (directly and indirectly) through Jio.

RIL exported products worth Rs 16.8 lakh crore ($262 billion) over the last 10 years, while Reliance Foundation is India’s single largest CSR spender. In the last five years, Reliance Foundation has spent over Rs 3,150 crore, much beyond the 2 per cent net profit mandated by law for CSR, it added.

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Published on August 14, 2017
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