New Delhi , May 23, 2007: Reliance Industries Limited (RIL) received the TERI Corporate Award for Business Response to HIV/ AIDS 2007 in recognition of its corporate leadership for HIV / AIDS intervention in Indian industry on May 23, 2007 at New Delhi.
RIL bagged the prestigious TERI Corporate Award for Business Response to HIV/ AIDS 2007 in the Corporate Category III (for companies with turnover above Rs.500 crores per annum) on its unique initiatives undertaken to combat HIV / AIDS infections. This Award was based on a nationwide selection process conducted by eleven member jury panel chaired by Justice J. S. Verma, former Chief Justice of India.
The award was presented by Shri P. Chidambaram, Hon’ble Finance Minister, Government of India. The TERI Corporate Awards ceremony is a unique opportunity to give recognition to the outstanding and little recognized work of organizations and people who find innovative and effective ways to address HIV / AIDS.
Dhirubhai Ambani Foundation has been working in partnership with RIL in most of its social initiatives.
Smt Nita Ambani, President, Dhirubhai Ambani Foundation said: "We are thankful to TERI for acknowledging the efforts of Reliance Industries Limited in its initiatives to combat HIV AIDS. We are committed in our endeavour to fight the dreadful menace that faces mankind today."
RIL’s HIV/AIDS prevention programmes in its workplace, community, supply chain etc. covers awareness generation, prevention, treatment, care, and support and has been cited in a study undertaken by TERI in association with World Bank South Asia Finance and Private Sector Unit, Washington DC. The aim of this case study is to disseminate success stories to create awareness & motivate other companies for implementation.
For the past several years, TERI (The Energy and Resources Institute) has been addressing issues related to sustainable development with the Indian corporate sector. Towards this, the Institute has drawn up an India sustainability Charter under the TERI - Business Council for Sustainable Development (BCSD) whose main objective is to provide a basis to companies improve at the corporate level under 5 themes: Energy, Water, Health, Climate Change and Sustainable livelihoods.
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with turnover of Rs1,10,886 crore (US$ 25.51 billion), cash profit of Rs15,768 crore (US$ 3.63 billion), net profit of Rs10,908 crore (US$ 2.51 billion) and net worth of Rs57,147 crore (US$ 13.15 billion).
RIL is the first and only private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ since 2004 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.