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ReaLens history
ReaLens company history timeline
In August 2008, Reliance acquires the PNA Group of 23 service centers and seven joint ventures.
The company's plans included a $6 billion extension of the Jamnagar site, doubling it in size and making it the world's largest refinery by 2009.
Reliance executive officers ring the closing bell at the NYSE in 2009 to mark the 15th anniversary of the company's IPO.
In 2010 he was elected to serve as a member of the WEF Foundation Board.
In 2010 the company’s initial public offering raised about $226 million.
The company won further praise for its Model X luxury SUV, which went on the market in 2015.
In 2016 the Jio brand offered the first nationwide network for 4G broadband service.
The Model 3, a less-expensive vehicle, went into production in 2017 and became the best-selling electric car of all time.
A third rocket, the Falcon Heavy (first launched in 2018), was designed to carry 117,000 pounds (53,000 kg) to orbit, nearly twice as much as its largest competitor, the Boeing Company’s Delta IV Heavy, for one-third the cost.
Acquisitions made in 2018 include DuBose National Energy Services, Inc., KMS Fab LLC, and All Metals Processing and Logistics, which all provide value added services in industries such as nuclear, automotive, and construction.
In 2018, Reliance also achieved record net sales of $11.8 billion, record pre-tax income of $850.6 million, a record annual gross profit of $3.3 billion, and record non-GAAP EPA of $8.94.
In 2019, Reliance commemorated its 80th anniversary and celebrated 25 years on the New York Stock Exchange.
With an eye on the future and focus on innovation, Reliance launches its first e-commerce business, FastMetals, Inc. in February 2020.
SpaceX also developed the Dragon spacecraft, which carries supplies to the International Space Station (ISS). Dragon can carry as many as seven astronauts, and it had a crewed flight carrying astronauts Doug Hurley and Robert Behnken to the ISS in 2020.
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