Reliance Industries Ltd.

Reliance Industries (RIL) is planning to invest Rs 1.5 lakh crore over three years. Most of the company’s expansion will come when global economy recovers. The company will expand the capacity of its petrochemical plant to 25 mtpa from 15 mtpa. Further, the company’s Silvassa Petrochemical plant will be operational this year. The company is planning to double paraxylene capacity at Jamnagar.

The company posted a rise of 31.94% in its net profit at Rs 5,589 crore for the quarter ended March 31, 2013 as compared to Rs 4,236 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 1.18% at Rs 86,441 crore for quarter under review as compared to Rs 87,477 crore for the quarter ended March 31, 2012.