IHS Chemical Week

World News and Views :: Top of the News

Reliance Industries to Invest $18 Billion, Aims to Double Operating Profit

5:13 AM MDT | June 7, 2012 | Natasha Alperowicz

Reliance Industries announced today that it will invest Rs1 trillion ($18 billion) in its core businesses of petrochemicals, oil and gas as well as new sectors of retail and telecommunication. Mukesh Ambani, chairman of Reliance Industries, addressing a shareholders’ meeting in Mumbai today, said that the investments will lead to a doubling in operating profit in four to five years. New projects in petrochemicals and refinery sectors will come online in the next two to three years, he said.  "Our aspiration is to be among the five...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


Comments (2) for Reliance Industries to Invest $18 Billion, Aims to Double Operating Profit
We are proud of the some of the world largest capacity plants in refining / petrochemicals sector by Reliance that are already in operation or coming up in future. These are great technological achievements and have raised India's repute globally
Posted by vkkapoor on Thursday, June 7, 2012 @ 10:26 PM
Being a Gujarati, this achievement makes me and all Indians as well to feel proud for standup in front of world high technologist. I would like to CONGRATULATE the whole Reliance Group.
Posted by N SHAH on Friday, June 8, 2012 @ 01:17 AM

contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa