Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1346.00
-49.90 (-3.57%)
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RIL’s telecom arm to install 45,000 mobile towers in 6 months

Date: 03-11-2016

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.