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RIL to invest $5.2bn in KG basin, to raise $2bn

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Press Trust of IndiaOur Bureau Mumbai
Reliance Industries is planning to invest $5.2 billion to double gas output from the D-6 block in K-G Basin.

The board of directors of Reliance will meet on November 9, 2006 to consider and approve raising up to $2 billion by way of syndicated loan/bonds/foreign currency convertible bonds (FCCBs) for investment in projects of oil and gas exploration and production business.

 

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First Published: Nov 01 2006 | 5:20 PM IST

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