Reliance Industries creates most wealth for investors in last 5 years
- IBEF
- December 12, 2022
India’s top valued company Reliance Industries Limited (RIL) has smashed all records and emerged as the largest wealth creators for investors over the last five years. For the fourth time in a row, it has emerged as the largest wealth creator over 2017-22.
The chairman of RIL, Mr. Mukesh Ambani unveiled mega investment plans totalling US$ 33 billion (Rs. 2.75 trillion) which include rolling out 5G services across India and outlined a succession plan, positioning the conglomerate for its next growth phase.
In RIL’s annual report for 2021-22, Mr Mukesh Ambani said that over the next 12 months, their investments across the Green Energy will gradually go live scaling up over the next couple of years and it is forecasted that this new growth engine holds great promise to outshine the existing growth engines over the next 5-7 years
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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