Integrated plant will have a capacity to produce 940,000 tonnes of chlor-alkali, 1.1 million tonnes of ethylene dichloride and 360,000 tonnes of PVC annually
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Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters
Saudi Aramco will also get a board seat in RIL's newly carved out oil to chemicals subsidiary
100 GW by 2030 is more than twice the existing renewable capacity of any company in the world
On a consolidated basis, firm's RoCE declined to 7.8% in the fiscal
While most brokerages remain optimistic on the road ahead for the company and welcomed its 'green initiative', most analysts say the execution of the same hold key to growth for the company
Business Standard brings you the top headlines on Friday
From a medium-term perspective, the 200-daily moving average (DMA) and 50-weekly moving average (WMA) together indicate support at Rs 2,050 levels
Here are the best of Business Standard's opinion pieces for Friday
The scale of its green energy debut is stunning
It will also set up a platform for renewable energy project finance to source long-term global capital for investment in these sectors
Jio is the country's largest telecom service provider with over 425 million customers
Success of partnership key to internationalisation plans, say RIL executives
The Sensex rose 393 points, or 0.75 per cent, to end at 52,699, while the 50-share Nifty gained 104 points, or 0.7 per cent, to close at 15,790
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Here are the details of everything Mukesh Ambani announced under Jio Platforms at the Reliance Industries annual general meeting this year
Reliance Industries Ltd on Thursday announced a Rs 75,000 crore investment in new energy business over the next three years as the operator of the world's largest oil refinery pivots towards a greener and cleaner version. In another big announcement, Reliance Industries Chairman Mukesh Ambani said Jio and Google have jointly developed a power-packed and affordable smartphone 'JioPhone Next', which will be available in the market from September 10. Ambani promised that JioPhone Next will be the most affordable smartphone not just in India but globally. Watch this video for key announcements and road ahead for the company from our experts.
RIL has raised over Rs 3.25 trn in the past fiscal alone so it will be able to fund its New Energy plans even though it is cash flow negative
It continues to be among the fastest-growing retailers globally and the company aims to be among the top ten retailers of the world, Ambani said at RIL's annual general meeting