The leading private conglomerate Reliance Industries Limited announced that it will be investing US$5 bln for its refining and petrochemicals business by March, 2016. The decision came after the strong refining margins led to higher profits for the company in Q1. The Mukesh Ambani-led company operates the largest refinery complex of the world. The company witnessed a 12% increase in its net profit of April-June 2015 quarter. It recorded profits of Rs. 63.18 bln. Analysts had predicted the profit to be Rs. 63.08 bln but the company exceeded expectations. Refining margins are the highest in six years. The company is making heavy investments to increase the capacity
05-Aug-15 
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