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

7:38 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...

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Comments (2) for Reliance Industries to Invest $18 Billion, Aims to Double Operating Profit
1.
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
2.
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










 
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