RIL to invest Rs. 1.5 lakh crore over 3 years in petrochemicals, oil, gas, retail and telecom

07-Jun-13

Reliance Industries has announced an investment of Rs. 1.5 lakh crore in core business of petrochemicals and oil and gas , retail and telecom sectors in the next 3 years. Addressing company shareholders, Reliance Industries Limited (RIL) Chairman and Managing Director Mukesh Ambani said, “Reliance has embarked upon its largest investment programme in its history. The investments span oil and gas exploration and production, refining and marketing, petrochemicals, retail and broadband and digital services. RIL is aiming to be among top 5 petrochemical producers in the world. The petrochem capacity is being expanded to 25 mln tons from 15 mln tpa. Reliance is making significant investment in all five businesses simultaneously — exploration and production, petroleum refining and marketing, petrochemcial, retail and broadband and digital services.”