For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Reliance to invest Rs 1.5 lakh crores in next 3 years: Mukesh Ambani

    |
     RIL to invest Rs 1.5 lakh crores in next 3 years: Ambani
    Reliance Industries: Quotes, News
    BSE 1347.60BSE Quote25 (1.86%)
    NSE 1350.05NSE Quote28.4 (2.10%)
    Mukesh Ambani, Chairman of Reliance Industries today said that the company would invest Rs 1.5 lakh crores in the next three years to boost output and grow.
     

    Addressing shareholders at the annual general body meeting of the company he said that the company is resolved to be among the top 3 refiners in the world.

    Speaking at length on the oil and gas exploration business, he said that the company targeted its first gas output in the East Coast in 2015. He also pointed out that shale gas would form one third of the company's production this year.

    Speaking to shareholders on the retail business he said the same has crosses Rs 10,000 crores and has already achieved a cash breakeven. "The retail business will deliver a 50 per cent growth this year," he told shareholders,

    The Reliance stock was trading marginally lower by 0.94 per cent in trade.

    GoodReturns.in

    Read more about: reliance
    Story first published: Thursday, June 6, 2013, 11:45 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more