Reliance Industries Ltd.

Reliance Industries has signed pacts with overseas lenders to avail long-term loans of about Rs 12,900 crore to finance its capital expenditure. The fundraising comes amid reports of company planning to infuse as much as Rs 20,000 crore into its telecom unit -- Reliance Jio Infocomm (Jio), to bolster broadband and e-commerce play ahead of a potential entry into 5G mobile telephony services in future.

Reliance Industries 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.