Reliance Industries Ltd.

Reliance Industries (RIL) is planning to invest a further $2.8 billion on its Jio telecom business in the current quarter, taking its investment in the venture to more than $30 billion. Reliance Jio racked up 108.9 million subscribers by the end of March 2017.

Recently, the company reported a rise of 12.26% in its consolidated net profit at Rs 8,046 crore for the quarter ended March 31, 2017 as compared to Rs 7,167 crore for the corresponding quarter in the FY16. For the year ended March 31, 2017, on the consolidated basis, the company has posted marginal rise of 0.52% in its net profit at Rs 29,901 crore as compared to Rs 29,745 crore in the previous year.