Shares of Reliance Industries (RIL) rose over 2%, touching the monthly high of Rs729.85, ahead of the company's 38th Annual General Meeting today (June 07, 2012).
Mukesh Ambani promoted energy major, which is sitting on cash pile of over Rs70,000 crore, is likely to announce some big-ticket investment plans in the retail and the 4G space at the meeting.
“Observers expect the Reliance chief to provide details of the firm’s growth plans in telecom and offer clarity on the critical issue of gas production, particularly on the Krishna-Godavari (KG) basin,' the reports suggest.
....more info
Mukesh Ambani promoted energy major, which is sitting on cash pile of over Rs70,000 crore, is likely to announce some big-ticket investment plans in the retail and the 4G space at the meeting.
“Observers expect the Reliance chief to provide details of the firm’s growth plans in telecom and offer clarity on the critical issue of gas production, particularly on the Krishna-Godavari (KG) basin,' the reports suggest.
....more info