Following stellar gains in its share price, RIL became the first Indian firm to achieve the milestone of crossing Rs 11 trillion market valuation mark on Friday
Edelweiss Securities recently said that the company is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed.
The Mukesh Ambani-controlled company unveiled a mega Rs 53,125 crore rights issue.
In August 2019, Group Chairman and Managing Director Mukesh Ambani told shareholders that RIL would be a zero-net debt company before March 2021
The funding will help the US e-tailer take on Flipkart as well as competition from the yet-to-be-launched e-com business of RIL
This discovered price would, however, be capped by a ceiling set by the government every six months for gas produced from difficult fields
With this, RIL is looking at a convergence of telecom, media and commerce
Mukesh Ambani said it is because of Dhirubhai that Reliance had grown from one employee to over 250,000
Underlying fundamentals gaining strength; Jio phones may add over $1.5 bn to Ebitda
This is the first time ethane is sourced from US to India; total investment to be recovered in 4 yrs
Firm exports more than 200,000 tonnes of naptha per month
India aims to expand renewable power capacity to 175 gigawatts