Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1395.90
4.00 (0.29%)
< Home < Back

Reliance Industries plans to invest over Rs 2 lakh crore in next 1 year

Date: 12-06-2015

Reliance Industries (RIL) is planning to invest over Rs 2 lakh crore over the next one year. This money will be used to enhance its petrochemical infrastructure and build a brand new telecom business, among other projects. The company is also planning to re-commission its entire network of 1,400 petrol pumps by the end of FY16. Currently nearly 400 petrol pump outlets are operational.

Meanwhile, the company will commission 1.15 million tonnes of PTA capacity (a Purified Terephthalic Acid plant) at Dahej by October 2015 to make it the 5th-largest PTA producer in the world.

RIL is India’s largest private sector company, with a consolidated turnover of Rs 388,494 crore ($ 62.2 billion), cash profit of Rs 36,291 crore ($ 5.8 billion) and net profit of Rs 23,566 crore ($ 3.8 billion) for the year ended March31, 2015. RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ and continues to be featured for the 11th consecutive year, currently ranking 114th in terms of revenues and 155th in terms of profits.