-49.90 (-3.57%) 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.