Reliance Industries to raise $3bn debts aboard
Facebook Twitter google+ RSS Feed

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
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset