Reliance Industries Ltd.

Reliance Industries (RIL) has refinanced $ 2.3 billion of syndicate and club loans resulting in substantial interest savings. The company had a gross debt of Rs 1,96,601 crore as on March 31, most of which was taken to fund its fourth- generation telecom venture, Reliance Jio.

The company had invested Rs 1,14,742 crore ($ 17.7 billion) during the fiscal 2016-17, the highest ever by any corporate in India.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.