owner Ambani to outline expansion plans for the petrochemicals business, which had earlier been facing pricing pressures.
"We are investing over Rs 100,000 crore by expanding our petrochemical capacities and adding value to our refining business," Ambani said in a media statement.
"These investments will secure a significant change in RIL’s earning capacity on commissioning of these projects," he added.
The company last month secured financing of $2.1 billion from the US Exim Bank to fund expansion projects at Jamnagar. It also signed $ 2-billion loan with nine banks covered by Euler Hermes Deutschland last May to fund its petrochemical expansion projects.
RIL has also been looking to expand its consumer-focused segments such as telecom and retail in recent years in order to meet the target doubling its operating profit in the next four to five years.
Revenue for organised retail surged 44% to Rs 7,749 crore in the April-December period. RIL operates more than 1,400 stores in 129 cities across India.