RIL chairman and managing director Mukesh Ambani last year announced plans to invest Rs. 100,000 crore across energy, retail and telecom businesses in the next five years to double operating profit.
According to the report, RIL will spend $11 billion in oil and gas exploration including US shale gas venture and $4 billion in refining business. Another $8 billion is planned in petrochemical projects while $3 billion would go into its yet-to-be- launched telecom venture. The remaining $1 billion would go into retail business, it said.
The company is also investing $8 billion to expand its petrochemical business.