RIL eyes over Rs 1.5 Lakh Crore investment in next 5 years
Monday, 25 April 2011, 15:34 IST   |    2 Comments
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RIL eyes over Rs 1.5 Lakh Crore investment in next 5 years
New Delhi: Setting its sight on a number of new businesses and expansion of existing ones, billionaire Mukesh Ambani-led Reliance Industries group may invest more than Rs 1,50,000 crore over the next five years. The group is sitting on a huge cash pile of over Rs 42,000 crore that has nearly doubled in one year, and further money influx is expected in the next few months, while it might raise further funds from the market, mostly through overseas bonds and partly through project equity, sources said. There might be major investments, totalling nearly Rs 1,00,000 crore, in the group's core businesses of petrochemicals and energy exploration and production over the next five years, they added. Besides, business initiatives in telecom, power and financial services sectors would also witness investments worth at least Rs 50,000 crore in the next few years.
Source: PTI