Reliance aims to double its value in 5 years as it gets future-ready

Rs 75,000 crore each to be spent on O2C capacities, new energy business

Reliance Industries

Ambani also outlined the succession planning for the company saying his children - Akash, Isha and Anant - are confidently taking over the reins across businesses, Ambani, 65, said.

Viveat Susan PintoDev Chatterjee Mumbai
Reliance Industries Ltd (RIL), the country’s most valuable company, on Monday set the tone for the future during its 45th annual general meeting, saying it would aim to double its market value by 2027, the year the company celebrates its golden jubilee.

The company will invest Rs 2 trillion in the roll-out of a standalone 5G network, Rs 75,000 crore in expanding its O2C (oil-to-chemicals) capacities across value chains, and Rs 75,000 crore in new energy as announced last year, RIL Chairman and Managing Director Mukesh Ambani said at the shareholders’ meeting today.

Outlining the company’s plans, Mukesh Ambani said the momentum

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 30 2022 | 12:18 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to