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RIL plans to raise Rs 10,000 cr in debt

Oil & Gas
June 1, 2014June 1, 2014
RIL plans to raise Rs 10,000 cr in debt
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Reliance Industries Ltd (RIL) plans to raise up to Rs 10,000 crore in debt this fiscal to part fund its $26 billion investment plan. RIL has sought shareholder nod to raise funds through non-convertible debenture in one or more tranches. RIL is expanding its existing petrochemical plants and will build new ones to improve margins from its refining business even as it drills more wells to boost slowing oil and natural gas production.

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