Reliance Industries Ltd.

Reliance Industries (RIL) plans major investments, totaling up to $30 billion over the next five years in its various businesses, including energy and telecom. As per the proposed capital expenditure investment plan, RIL will invest $10-12 billion in petrochemicals, while spending another $10 billion on exploration and development of oil and gas discoveries already made in shale gas in India and US.

RIL would invest $4.5-4.7 billion (over 20,000 crore) in telecom over the next five years. RIL has already spent $2.8 billion to acquire 4G licences and spectrum, which it got last year through acquisition of Infotel Broadband Services.

Reliance Industries (RIL) also got a new partner for its Marcellus Shale gas assets in the US, as Atlas Energy shareholders approved its merger with Chevron Corporation. Instead of working with Atlas Energy, it will now work with Chevron.