'RIL to invest $27 billion over 4 years'

'RIL to invest $27 billion over 4 years'

Reliance Industries (RIL) plans to invest about $27 billion in next four years across its core oil and gas and petrochemical businesses as also new ventures like telecom.

According to a Deutsche Bank AG report issued after its analysts met one of the company’s two joint chief financial officers (CFOs), “RIL is at the cusp of its next capex cycle as it invests $27 billion over 2013-14 to 2016-17 fiscal.”

About 85 per cent of the capex will be in its core business, the report said.

RIL will spend $11 billion in oil and gas exploration including US shale gas venture and $4 billion in refining business.

Another $8 billion is planned in petrochemical projects while $3 billion would go into its yet to be launched telecom venture. The rest would go into retail business, it said.

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