Reliance Industries


The sheer size and scope of Reliance Industries' business - spanning exploration and production of oil and natural gas, petroleum refining and plastic and textile manufacture - means the group has its work cut out managing risk. India's biggest private company also has large foreign-currency exposures, with exports representing about 60% of its turnover, and has raised 85% of its debt offshore.

But the company also has the largest and most sophisticated corporate treasury in India, if not Asia

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