Reliance Industries' balance sheet is strong, says Mukesh Ambani

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Mukesh Ambani-led Reliance Industries (RIL) is geared for growth on the back of a strong balance sheet after slashing debt, raising capital, and on boarding strategic investors in 2020-21.
 
Addressing shareholders in the Integrated Annual Report 2020-21, company Chairman and Managing Director Mukesh Ambani said, “Strong operating cash flow and largest ever capital raise further strengthened our balance sheet, enabling us to deleverage and meet our net-debt zero commitment ahead of stated timeline. We now have a strong balance sheet, with high liquidity that will support growth plans for our three hyper-growth engines — Jio, Retail, and oil-to-chemicals (O2C),”