In the 38th AGM, Reliance Indusries Ltd ( RIL's) Chairman Mukesh Ambani says that the company will invest Rs1,00,000 crore in India and will outperform its global peers.
Key highlights of RIL’s 38th AGM:
Aim to outperform global peers.
FY12 profit limited due to low output from KG D6 gas output.
Partenership with BP in a view to bring in new technology.
Business environment hit by unprecedented price volatility.
Two unprecedented economic shocks in the last 5 years.
Investment in retail to create more job opportunities.
Have bought back 27.9 million shares so far.
Reinvesting cash flow in new projects.
FX Rates, continued subsidies remains challenges for business.
Have spent Rs1,929 cr in share buy back so far.
Using 5 new crude varieties to augment supplies.
Agressively persuing partnership for crude supply.
Reverses from D1D3 block have been difficult to extract.
Hoping for CBM clearances soon.
Value added products to lead growth in petrochemicals.
Refining margins remian among the best globally.
....more info
Key highlights of RIL’s 38th AGM:
Aim to outperform global peers.
FY12 profit limited due to low output from KG D6 gas output.
Partenership with BP in a view to bring in new technology.
Business environment hit by unprecedented price volatility.
Two unprecedented economic shocks in the last 5 years.
Investment in retail to create more job opportunities.
Have bought back 27.9 million shares so far.
Reinvesting cash flow in new projects.
FX Rates, continued subsidies remains challenges for business.
Have spent Rs1,929 cr in share buy back so far.
Using 5 new crude varieties to augment supplies.
Agressively persuing partnership for crude supply.
Reverses from D1D3 block have been difficult to extract.
Hoping for CBM clearances soon.
Value added products to lead growth in petrochemicals.
Refining margins remian among the best globally.
....more info