<p>Addressing the 36th annual general meeting, RIL Chairman Mukesh Ambani said: “we’ll be bidding for UMPPs. We’ll have a very concrete investment programme in place.” With non-compete pact also off, RIL seeks to foray into clean coal-based power generation projects, hydel and nuclear power and alternate energy.<br /><br />Besides, RIL plans to set up a 1.4 MT paraxylene capacity in Jamnagar, which would help RIL to become one of the top 10 synthetic rubber producers in the world. RIL would invest aggressively in polyester and petchem over next five years, he said, announcing plans to increase the contribution from polyester segment’s business. <br /><br />Justifying entering the telecom business, Mukesh said, currently India has less than one per cent penetration in broadband and that next generation technology can lift from 1G and 2G to 4G. “We’re faced with much larger opportunity in broadband,” he said. <br /><br />Talking about 95 per cent stake buy in Infotel, he said it was only successful firm in the pan-India auction for broadband wireless auction (BWA). He said plans are in the offing to set up a wireless innovation centre in Mumbai. Further, RIL said it would make capital investments to the tune of Rs 21,943 crore and double the enterprise value of $80 billion within next decade. RIL declared a dividend of 70 per cent on post-bonus share capital for fiscal 2010, which works out to a pay out of Rs. 2,430 crore.<br /><br />Mum on ADAG investment<br /><br />Shareholders of Mukesh Ambani-led Relicance Industries Limited (RIL), on Friday, in their remarks during the annual general meeting sought clarification on media reports about Mukesh investing in Anil Dhirubai Ambani Group (ADAG), led by Anil. <br /><br />However, their efforts went in vain with Mukesh failed to attend those queries in his reply. <br /><br />Further, the media hype too went waste, as RIL AGM turned out to be routine. Contrary to speculation, Anil Ambani – as a shareholder of RIL – too did not turn up at the AGM <br /></p>
<p>Addressing the 36th annual general meeting, RIL Chairman Mukesh Ambani said: “we’ll be bidding for UMPPs. We’ll have a very concrete investment programme in place.” With non-compete pact also off, RIL seeks to foray into clean coal-based power generation projects, hydel and nuclear power and alternate energy.<br /><br />Besides, RIL plans to set up a 1.4 MT paraxylene capacity in Jamnagar, which would help RIL to become one of the top 10 synthetic rubber producers in the world. RIL would invest aggressively in polyester and petchem over next five years, he said, announcing plans to increase the contribution from polyester segment’s business. <br /><br />Justifying entering the telecom business, Mukesh said, currently India has less than one per cent penetration in broadband and that next generation technology can lift from 1G and 2G to 4G. “We’re faced with much larger opportunity in broadband,” he said. <br /><br />Talking about 95 per cent stake buy in Infotel, he said it was only successful firm in the pan-India auction for broadband wireless auction (BWA). He said plans are in the offing to set up a wireless innovation centre in Mumbai. Further, RIL said it would make capital investments to the tune of Rs 21,943 crore and double the enterprise value of $80 billion within next decade. RIL declared a dividend of 70 per cent on post-bonus share capital for fiscal 2010, which works out to a pay out of Rs. 2,430 crore.<br /><br />Mum on ADAG investment<br /><br />Shareholders of Mukesh Ambani-led Relicance Industries Limited (RIL), on Friday, in their remarks during the annual general meeting sought clarification on media reports about Mukesh investing in Anil Dhirubai Ambani Group (ADAG), led by Anil. <br /><br />However, their efforts went in vain with Mukesh failed to attend those queries in his reply. <br /><br />Further, the media hype too went waste, as RIL AGM turned out to be routine. Contrary to speculation, Anil Ambani – as a shareholder of RIL – too did not turn up at the AGM <br /></p>
