Reliance Industries unveils ambitious plans at AGM

Posted by:
Published: Thursday, June 7, 2012, 12:03 [IST]
 
Share this on your social network:
   Facebook Twitter Google+    Comments Mail

Reliance Industries unveils ambitious plans at AGM

Reliance Industries will invest Rs 1 lakh crores in the next 4-5 years, Chairman of Reliance Industries Mukesh Ambani stated today, while addressing shareholders at the company's annual general body meeting.

Here are a few points/plans for the company according to excerpts of a speech by Mukesh Ambani:

* Reliance Industries to invest Rs 1 lakh crores in the next 4-5 years

* Company plans to double operating profits in the next 4-5 years

* Working closely with BP to solve reservoir issues

* Shale gas to become an important part of the E&P portfolio

* Have bought back 2.7 crores shares in buyback programme

* Investments in retail to create more job opportunities

* Have spent Rs 1929 crore for share buyback programme

* Valued added products to lead growth in petchem

* Petchem capex continuing in full swing

* Using 5 new crude varieties to augment margins

* Pursuing partnerships for crude supplies

GoodReturns.in

Write Comments

Please read our comments policy before posting

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
Goodreturns iPad App
Goodreturns iPad App
Download GoodReturns iPad App and enjoy it. Learn more about Oneindia GoodReturns on the App Store.
Download Goodreturns iPad App