Payback year seen rolling for RIL

New capacities in refining and petrochemical segments to drive profits

The mega capital expenditure that Reliance Industries Ltd (RIL) has incurred over the past few years is expected to yield results in 2017. The spotlight is on its telecom services venture, which has incurred a capex of $25 billion. But the current year will also witness payback on RIL's $15-billion investment in its core business of oil and gas as new capacities come on stream.  

The process has already begun, with the commissioning of the first phase (50 per cent capacity) of its 2.2-million-tonne-per-annum paraxylene (PX) expansion project at the Jamnagar petrochemicals complex at an investment of $3-4 billion. While