With a focus on its core business of refinery and petrochemicals, Mukesh Ambani-led Reliance Industries Limited (RIL), has set aside over Rs 58,500 crore for investments, allocating Rs 20,250 crore capital to the higher potential, higher margin E&P business.
Of this, Rs 9,476 crore is to be invested in the core businesses in the current fiscal. Apart from Rs 27,000 crore for the Jamnagar Export Refinery Project (JERP), RIL will invest Rs 20,250 crore in the exploration and production (E&P) sector, Rs 7,200 crore in enhancing petrochemical capacities and another Rs 6,750 crore in the creation of a fuel retailing network. For 2006-07, RIL plans to spend Rs 2,198 crore on E&P, Rs 2,692 crore on refining, Rs 850 crore on retail marketing, Rs 2,921 crore on petrochemicals and Rs 878 crore on other projects.
29-Apr-06 
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