RIL's net debt might not rise in 2020-21 despite coronavirus, says report

RIL's share price has dropped 21 per cent year-to-date, but still out-performed the market by 7 percentage points

Billionaire Mukesh Ambani-led Reliance Industries Ltd's net debt will fall even if energy and retail demand struggles for six months and the planned asset sales are delayed, said a research report by Morgan Stanley. RIL can re-prioritise investment, potentially slowing capex by up to a third. 

Beyond COVID-19, RIL emerges stronger as competitors face high debt challenges and slow investments, PTI reported citing a Morgan Stanley research report. With the outbreak of coronavirus impacting economies globally, RIL faces multiple challenges -- oil prices have declined along with a fall in global oil product demand as a result of the lockdown