Reliance Industries invests $125B in hydrocarbon, telecom, and O2C businesses over 10 years, plans to reduce capex in retail and new energy.
Reliance Industries Ltd invested over $125 billion in the past 10 years on expansions in hydrocarbon and telecom businesses. The conglomerate is estimated to invest less in capex-heavy areas like retail and upstream new energy in the next three years. Reliance's investments in the O2C (oil to chemical) business and 4G/5G capabilities for its telecom business are expected to generate free cash flows, complementing its cash cow O2C segment.
March 31, 2024
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