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RIL’s arm Jio plans to invest additional Rs 30,000 crore

16 Jan 2017 Evaluate

Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (Jio) is planning to invest Rs 30,000 crore more in order to expand coverage and increase network capacity. With this, the company’s total investment in the network will reach close to Rs 1.9 lakh crore.

The company garnered 72.4 million subscribers, as of December 31, within four months of its commercial launch. Jio has extended its free 4G service till March 31, 2017.

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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