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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
