Zee Media Bureau
Mumbai: Reliance Industries chairman Mukesh Ambani on Friday said that the company will complete Rs 2 lakh crore of projects over the next 12-18 months.
Addressing shareholders at the 41st Annual General Meeting (AGM) of RIL, Ambani said that the company's investments are entirely focused in building assets in India.
Stating that the benefits of the entire investment cycle will be realised from 2016-17 onwards, he added that the company has contributed 12 percent to India's merchandise exports.
Ambani also added that Reliance will commission 1.15 million tonnes of PTA capacity at Dahej by October to make it the 5th-largest PTA producer in the world.
Saying that the returns from oil and gas exploration and production business is lower than cost of capital, Ambani further added that Reliance plans to re-commission its entire network of 1,400 petrol pumps by FY16-end.
Currently, nearly 400 outlets are operational, said Ambani.
