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06-08-2012, 08:52 PM #1
Mukesh sets sight on strong, diversified RILReliance Industries Ltd. (RIL) plans to double its operating profit in five years, even as it steps up investments in its core and ‘consumer-facing' businesses.
Addressing shareholders at the 38 annual meeting, Mukesh Ambani, Chairman, said, “We will invest nearly Rs.1 lakh-crore over the next five years in India to build a stronger and more diversified Reliance.”
On refining and marketing business, Mr. Ambani said the company was aggressively pursuing partnership opportunities for feedstock. RIL is building the world's largest gasification facility to convert petroleum coke in to synthetic gas to be used as feedstock at the Jamnagar complex. “It is our target that this will add 30-40 per cent to the integrated Jamnagar complex margins within the next three years,” he said....being a human...