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RIL’s telecom arm to install 45,000 mobile towers in 6 months

03 Nov 2016 Evaluate

In order to boost its 4G network, Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (RJIL) has decided to install around 45,000 mobile towers in the next six months. The company has plans to invest Rs 1 lakh crore over a period of 4 years and the new towers are part of this investment. Reliance Jio, thanks to its free welcome trial offer, amassed a whopping 2.4 million plus subscribers within two months of its launch.

RIL is an India-based private sector company, with business in energy and materials value chain and in retail and digital services. The company operates in four segments: refining, petrochemicals, oil & gas and organized retail. The refining segment includes production and marketing operations of the petroleum products.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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