Friday, June 3, 2011

Reliance Industries AGM Highlights

  • Reliance to become debt free this year

  • RIL's free cash at Rs 42,393 crore

  • Proposed dividend payout of 80%, highest among Indian firms

  • Polyester capacity to be hiked to 3.6 million tonne

  • To set up 15 million tonne per annum gas cracker plant at Jamnagar

  • Exports now 57% of total turnover

  • RIL enterprise value at $75 billion

  • RIL is single largest investor in upstream space

  • KG-D6 has supplied 1.2 trillion cubic feet of gas since production began

  • Higher commodity, input prices remain a challenge

  • Reliance Retail soon to launch cash-&-carry format, plans aggressive investments in retail

  • Says Reliance Retail is largest food retailer in India

  • RIL to create end-to-end solutions in digital services, will create national broadband infra.

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