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Reliance Industries to invest Rs 100,000 crore across businesses in12-18 months

12 Jan 2015 Evaluate

Reliance Industries is planning to invest Rs 100,000 crore across businesses in the next 12-18 months and is on the path to become the world’s fastest growing economy. The investments will be in expanding petrochemical production capacity as well as in launch of the much-awaited 4G broadband services while contributing to Make in India and Digital India initiatives.

The company is investing in raising polyester capacity by some 60 percent in aggregate across four locations, a new 1.5 million tonnes refinery off-gas based petrochemical cracker and downstream units in Jamnagar, enhancing refining profitability via petcoke (petroleum coke) gasification and reducing feedstock costs for petrochem by importing cheap US ethane.

Reliance Industries is India’s largest private sector company, with a consolidated turnover of Rs 4,46,339 crore ($74.5 billion), cash profit of Rs 33,980 crore ($5.7 billion) and net profit of Rs 22,493 crore ($3.8 billion) for the year ended March 31, 2014.

 

Reliance Industries Share Price

1449.00 18.15 (1.27%)
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Company Name CMP
Reliance Industries 1449.00
Indian Oil Corp. 143.95
BPCL 305.65
HPCL 379.85
MRPL 162.60
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