MANAGEMENT OF FINANCIAL CHALLENGES: THE RESILIENCE AND GROWTH OF RELIANCE INDUSTRIES LIMITED – AN OVERVIEW

Abstract

This research paper examines the performance of Reliance Industries Limited (RIL) during FY 2022-23 amidst global economic challenges, including geopolitical conflicts, inflationary pressures, and supply chain disruptions. Despite these challenges, RIL reported significant revenue growth across all operating segments, with consolidated revenues reaching ₹9,74,864 crore, reflecting a 23.6% increase from the previous fiscal year. The paper analyses the strategic initiatives, operational efficiencies, and market expansions that contributed to RIL's resilience, particularly in its Oil-to-Chemicals (O2C), Retail, and Digital Services segments. The findings underscore RIL's ability to adapt to changing market conditions while positioning itself for sustainable growth.