Reliance Industries chairman Mukesh Ambani has said that his company will invest 60,000 crore in the next 10 years to make the country's first integrated integrated area in Maharashtra in collaboration with global companies. Ambani said that over the past few weeks, more than 20 global companies have agreed to invest in Reliance.
On Tuesday, Anil Ambani placed his strategy in front of shareholders to reduce the growing debt on Reliance Communications by press conference. Anil Ambani said that his company will have a 4G spectrum sharing agreement with Geo. In relation to huge debt over the company, he said, "We have a complete strategy to lend the company's debt and we have reduced it from 45,000 crore to 6,000 crore." After this news, Reliance Communications shares There was a tremendous surge in sight. The company's stock jumped nearly 65 percent in two days.
Mukesh Ambani, India's richest person, on Saturday highlighted his vision for incorporating his firm Reliance Industries into the world's top 20 companies. He also expressed his desire to make the company a leader of Clean Energy. Ambani was speaking in the program organized in the celebration of 40 years of Reliance Industries and the birth anniversary of the founder of the group Dhirubhai Ambani.
Anil Ambani-led Reliance Infrastructure (R Infra) on Thursday indicated that he has signed an agreement to sell Adani Transmission to its Mumbai's power business. This entire deal has been reported to be around Rs 18,800 crore. Reliance Infrastructure (RInfra) signed an agreement with Adani Transmission (ATL) under which it will sell 100 percent stake in Mumbai's power business, including the distribution of several integrated businesses, transmission and electricity.
Although economists and analysts are talking of not coming ahead of private sector in terms of capital investment, Mukesh Ambani-led Reliance Industries (RIL) has emerged as the largest corporate investor in the country. The Mumbai-based company, which runs business from energy to telecom, has about 45 per cent of the capital investment made by the top listed companies in the last three financial years. All the listed companies have invested about Rs 6.53 lakh crore in total since FY 2014, while Reliance alone alone has an investment of Rs 2.9 lakh crore. It also includes the amount invested in projects under construction.
Mukesh Ambani, the country's richest person and owner of Reliance Industries, has now become the richest person in Asia. In Forbes magazine's list of Real Time Billions, Mukesh has overtaken China's Huai Yan with total assets of $ 42.1 billion (about 2, 73 thousand 650 million rupees). On Wednesday, shares of Reliance Industries rose by 1.22 percent and reached level of Rs 952.30. With this it became India's first company with market capitals of Rs 6 lakh crore. Mukesh's private property grew 46.60 million dollars (3029 million rupees). China's Evergande Group chairman Huai Yan's assets dropped to $ 1.28 billion ($ 8320 million) to $ 40.6 billion (Rs 2,63,000 crore).
Mukesh Ambani's private property has grown tremendously this year due to the surge in over 75% in Reliance Industries shares. In the September quarter, the RIL had benefited almost a billion dollars. Especially the company has made good profits in the refining of petrochemical and crude oil. Over the last few years, the annual net profit of Reliance Industries is growing at over 12 per cent. The company's profit increased to Rs 8109 crore in the quarter ended September, which is more than 7209 million last time.
Mukesh Ambani has topped the Forbes list of India's richest people. Reliance Industries chairman Mukesh Ambani has emerged as the richest person in India for 10 consecutive years. Their net worth has risen to 38 billion dollars i.e. 2.5 lakh crore rupees. Despite the economic slowdown, the wealth of the top 100 wealthy people has increased 26 percent.
In the list of the rich people of the country, Mukesh Ambani, chief industrialist and principal of Patiala, Acharya Balkrishna and Radhakrishnan Damani of D-Mart have replaced the place. These celebrities have been included in the list of India's rich people in Hurun. According to the sixth annual report of Hurun India, Ambani's assets increased by 58 per cent to Rs 2.57 lakh crore due to a substantial increase in Reliance Industries shares. Ambani's name has been recorded as the richest Indian for the sixth consecutive year. D-Mart's Damani's property has the highest increase of 320 percent. Balakrishna made a good jump in the list and got eighth position. Last year, he was ranked 25th. Their assets increased 173 percent to Rs 70,000 crore.
Mukesh Ambani, the country's largest industrialist, has become the second richest person in Asia. Ambani has overtaken the horn of Chinese businessman Lee in the case of capital. Mukesh Ambani, chairman of Reliance Industries, has added $ 12.1 billion in his capital this year. This happened when the company's shares touched record high level. Now their total capital is $ 34.8 billion. On the other hand, Chinese business tycoon Lee's net worth has increased to $ 33.3 billion.
Reliance Communications (RCOM) chairman Anil Ambani has decided not to take any kind of salary or commission from the company during the current financial year, under the 'voluntary strategic change' program. Rcom said that its goal is to complete two major deals by September this year, which will help reduce the burden of the company's debt. 'Aircel, Brookfield deal is expected to be completed by September 30 this year, which is subject to various approvals. This will cut the company's debt by 60 per cent or Rs 25,000 crore.
In the first stock market, there was no end to the record speed. On the other hand, due to the second largest Ambani ji, the impact of the shock of small Ambani group companies was affected. During the month, the total market cap of 5 listed companies of Anil Ambani group decreased by 12 thousand crore rupees. Reliance Group companies are listed in Reliance Communications, Reliance Capital, Reliance Infrastructure, Reliance Power, Reliance Defense Stock Market. The yearly returns of the remaining four companies, excluding Reliance Capital, have also been negative.
Mukesh Ambani, Chairman of Reliance Industries Limited, has been ranked first on Forbes Magazine's list of people who have been doing divers work in the world. This list of magazines has been included in those people who have brought changes in the lives of millions of people around the world through their enterprises. Ambani, at the age of 60, is at the top of the list. Mukesh Ambani, chairman of Reliance Industries Limited, has received the honor of the achievement of Reliance JIO, which has added millions of people to the internet.