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Reliance Industries says to invest $30 bln in three years

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Reuters MUMBAI

MUMBAI (Reuters) - Reliance Industries Ltd plans to invest more than 1.8 trillion rupees ($30.2 billion) across its businesses, including telecoms and oil and gas, over three years, Chairman Mukesh Ambani said on Wednesday.

Reliance, India's third-largest company by market value, aims to start its fourth-generation (4G) telecommunications services next year, Ambani told the company's annual shareholders' meeting.

Last year, Ambani had said Reliance would invest more than 1.5 trillion rupees over three years.

(Reporting by Aman Shah in Mumbai; Editing by Anupama Dwivedi)

 

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First Published: Jun 18 2014 | 12:11 PM IST

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