Mukesh Ambani: RIL to reward shareholders once investment cycle completes

Oil and gas major Reliance Industries Limited (RIL) is looking to raise USD 10 billion from the market to meet its capex cycle of Rs 150,000 crore, reports CNBC-TV18's Sajeet Manghat.

RIL, which convenved its 39th Annual General Meeting (AGM) today, has compressed the entire capex cycle from five years earlier to three years now. The company is likely to generate cash flow of nearly Rs 100,000 crore in the next three years from its operations. So, the balance Rs 50,000 crore will be garnered from the market. Also read: Reliance Industries AGM: Key takeaways RIL has promised reward for the shareholders once the investment cycle is over. Two years back Reliance came with bonus issue when investment cycle of refinery and KG-D6 was over. For the petrochemical segment, Ambani outlined a definite timeline for completion of the project, which gives some guidance to the street about their capacity. On the refinery front, he spoke about coke gasification project, which will be a big project for the company. Reliance Digital has gone into the final phase of launch, he indicated that the 4G launch will happen in the next 12 months.