In Kutch, RIL also plans to build facilities for production of green ammonia, green methanol, and sustainable aviation fuel.
Mukesh Ambani announced that the group will invest Rs 40,000 crore ($4.7 billion) to create Asia's largest integrated food parks with AI-driven automation and robotics, over the next three years.
Reliance’s O2C (oil-to-chemicals) business delivered well in a challenging environment. Jefferies and Morgan Stanley expect a strong growth in Jio telecom unit, and a rebound in the energy segment, respectively.
The retail segment opened 331 new stores and added 81.3 million sq. ft. in gross area, taking the total store count to 18,918.
RIL Q1 Results: Profitability in RIL’s oil & gas division surged 30%, driven by a 44% rise in gas production from the KG D6 field.
Analysts will monitor user additions and ARPU growth in Reliance Industries' telecom business, as well as footfalls and store additions in the retail segment.
Government said the industry response has been overwhelming as bids received is 7 times the manufacturing capacity that is to be awarded.
RIL, which will control the joint venture, has clinched a lucrative bargain, underscoring its dealmaking prowess, analysts said. Nita Ambani will be the chairperson of the venture.
The list was kept in abeyance to boost the number and capacity of solar installations in the country. As a result, domestic manufacturers were hit by the huge imports of components. The implementation of the list will ensure a level playing field for domestic players.
Nita Ambani, the wife of chairman Mukesh Ambani, submitted her resignation as she would be devoting more time for the group's non-profit arm Reliance Foundation.
FTSE Russell said it has reversed the decision to drop JFS from its indices from August 22, as reported earlier in the day.
About 1,454 shares advanced, 2,123 declined and 144 remained unchanged