Reliance Industries Mukesh Ambani

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