Reliance plans to invest US$30 bln over next five years

17-Feb-11

Reliance Industries plans to invest US$30 bln over next five years in its various businesses, mainly targetted at petrochemicals, exploration and production and telecom businesses of the corporate conglomerate. The company expects its five main business in the next 5-10 years to be petrochemicals, refining, E&P, retail and telecom. As per the proposed capex (capital expenditure) investment plan, RIL would invest US$10-12 bln in petrochemicals, while spending another US$10 bln on exploration and development of (oil and gas) discoveries already made in shale gas in India and US.