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RIL invest over $125 bn in capex in last 10 years

RIL invest over $125 bn in capex in last 10 years as it undertook expansion Reliance is coming out of a series of long and intensive capex cycles (hydrocarbons and telecom) Reliance Industries Ltd invested over $ 125 billion in the last ten years as it undertook massive expansion in hydrocarbon and telecom businesses, a report said, estimating that the conglomerate's investments in the next three years would be in relatively less capex-heavy retail and upstream new energy. Reliance is coming out of a series of long and intensive capex cycles (hydrocarbons and telecom).l "The company has invested nearly $ 30 billion between FY13-18 to increase scale, integration and cost competitiveness of the O2C (oil to chemical) business, and close to $ 60 billion between FY13-24E in 4G/5G capabilities to create a high-growth telecom business," Goldman Sachs said in a deep dive report on Reliance ©SHIRSENDU KARMAKAR #RELIANCE #Invest #125_Billions_US_Dollar
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