TITLE

RIL to invest $12 bn in chemicals: Report

PUB. DATE
May 2011
SOURCE
Chemical Business;May2011, Vol. 25 Issue 5, p54
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Reliance Industries (RIL) to invest about 12 billion U.S. dollars in the chemicals market in 2011 in an effort to tap the market for hygiene and healthcare products, according to chairman Mukesh Ambani in an interview. He added that the firm intends to develop a new rubber business. Another interest of the company is strategic alliance in the energy sector. Three shale gas joint ventures were signed by RIL in the U.S. in 2011.
ACCESSION #
62168239

 

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