RIL eyes Fortune 50 tag with $30-bn investment.

Reliance Industries Ltd. (RIL), India's largest private-sector company, will invest Rs 1.8 lakh crore ($30 billion) across businesses - petrochemicals, refining, retail and telecom - over the next three years. The company, aspiring to break into the Fortune 50 club, will also launch its 4G broadband services in 2015 and strengthen its management team.

'Over the next three years, the commissioning of each of our large projects will propel us closer to our aspiration of being a Fortune 50 company,' said RIL Chairman & Managing Director Mukesh Ambani while addressing shareholders at the company's 40th annual general meeting in Mumbai recently. At present, RIL is ranked 135th on the Fortune 500 list of global companies.

BS