Business Standard

Tuesday, January 07, 2025 | 04:53 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

For RIL, Jio may be focus, but core business will run the show

The company announced plans to invest Rs 40,000 crore in its upstream business

For RIL, Jio may be focus, but core business will run the show
Premium

Amritha Pillay Mumbai
In the next few years, Reliance Industries (RIL) is expected to focus on segments such as telecom and upstream (oil). However, the company’s financial performance so far and analysts’ expectation for the next few quarters show its core business — refining and petrochemicals — will continue to run the show.

“The core business has been the key contributor and it will continue to be so for the next year or two. The outlook for these businesses remains healthy,” said an analyst with a domestic brokerage firm, who did not wish to be identified. 

The company announced plans to invest Rs

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in