At the Reliance annual general meeting
Ambani said at the meeting that the company will invest Rs 1 trillion over the next 10 years and aim to double operating profits in the next 4-5 years.
-
Reliance Industries chairman Mukesh Ambani arrives for the company's annual general meeting with his wife Nita in Mumbai. Ambani said at the meeting that the company will invest Rs 1 trillion over the next 10 years and aim to double operating profits in the next 4-5 years.
-
Mukesh Ambani's son Anant and mother Kokilaben arrive for the event. Ambani said that the company was "investing aggressively" in its retail format, Reliance Retail, and that it expected a 5-6 times growth with sales of up to Rs 50,000 crore in the next three-four years.
-
Some investors expressed concern over the group's push beyond energy and chemicals into capital-intensive consumer businesses that take longer to yield returns. Profits at the energy-based conglomerate have fallen for two straight quarters, its shares are near a 3-year low, and a mounting cash pile has shareholders wary about what it does next.
