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Reliance moves ahead with petrochemical capacity expansions

11:02 AM MDT | June 6, 2013 | Deepti Ramesh

Reliance Industries (Mumbai) will invest a total of over 1.5 trillion Indian rupees ($26.4 billion) in its various businesses over the next three years, Mukesh Ambani, chairman and managing director, told shareholders at the company’s annual general meeting on 6 June. Ambani did not disclose how much of that total will be invested in the company’s petrochemicals business. The company, meanwhile, is moving ahead with its previously announced major expansion of petrochemicals capacity in India, which will be mainly focused on serving the Indian market...

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