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Reliance proposes investment plan for next three years

Thursday, 19 Jun 2014
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Reliance Industries (RIL) has proposed an investment of Rs 1.8 lakh crore for the next three years, across its businesses, including telecoms, and oil and gas.

The proposed outlay is higher than the Rs 1.5 lakh announced in 2013. With the proposed investment plan, the company intends to expand its retail format to over 900 cities in the country in the coming years. Last year the company had launched a new format -- Digital Express Mini -- in its retail segment.

Similarly, the company intends to utilise Rs 70,000 crore of the proposed investment plan in its telecommunications segment. With this investment plan, Reliance intends to launch 4G services across the country, by 2015.

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