Reliance to utilize cash of Rs 80,000 crore to repay loans, expand petrochem, oil and gas and refining capacity

Reliance Industries Ltd (RIL), has cash reserves to the tune of Rs 80,000 crores. Additionally, the company has just raised another Rs 4,264 crore as a perpetual bond (perp bond). RIL plans to use the money to repay loans and expand capacity in its petrochemicals, oil and gas and refining businesses. Also, Rs 10,653 crore will be invested in Venezuela, Rs 2,644 crore in its retail business, US$8 bln in expansion of its petrochemical capacity.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha