Reliance Industries to raise $3bn debts aboard

Monday, 26 February 2007, 06:00 Hrs
Printer Print Email Email
Mumbai: Reliance Industries Ltd (RIL), India's largest private company, plans to raise $2 billion debts from abroad to fund its oil and natural gas projects, the company's board of directors have announced.

The RIL board, which met on Saturday, also approved 120 million preferential warrants to promoters and to set up one of the country's largest integrated cracker and petrochemical projects at the cost of $3 billion at Jamnagar in Gujarat.

The company's board also decided to appoint R.A. Mashelkar, former head of the government's Council for Scientific and Industrial Research, as a director of the RIL board.
Source: IANS
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..