Mukesh Ambani: Reliance Industries to invest Rs. 1.8 lakh crore in next 3 years.

Reliance Industries (RIL) chairman Mukesh Ambani recently said that his company will invest Rs. 1,80,000 crore - across its businesses, including telecoms and oil and gas - in next three years.

Last year, Ambani had said Reliance would invest more than Rs. 1.5 lakh crore over three years.

Briefing shareholders about the group's performance and future strategies for growth, Ambani said Reliance, India's third-largest company by market value, will launch its much awaited 4G broadband network in the next few months.

'Reliance Jio will be launched in phased manner in 2015,' he told the company's annual shareholders' meeting, adding, 'Rs. 70,000 crore being invested in 4G broadband.'

Ambani also informed the company shareholders that Reliance Retail has become India's largest retailer by revenue.

Speaking about gas pricing, the RIL chief said market price will be the key to developing gas resources of the east coast.


THE FINANCIAL EXPRESS