Reliance to invest USD 1.7 bn for Marcellus JV: source

Reliance Industries plans to invest USD 1.7 billion for a joint venture with Atlas Energy to develop the US firm's Marcellus Shale gas operations, a source with direct knowledge of the matter said.

India's largest listed firm is likely to pick up 40 percent in the joint venture, said the source, who declined to be named as he was not authorised to speak with the media.

First Published: Apr 09, 2010 20:17 IST