Thursday, June 17, 2010

RIL has cash reserve of Rs 21,874 crore: AGM

RIL has cash reserve of Rs 21,874 crore: AGM
Addressing the 36th AGM of Reliance Industries Ltd, Mukesh Ambani said the company will have a constructive relationship with the Anil-Ambani-led ADAG group. He said the company was conscious of government's stake in gas operations. He said RIL will provide gas to ADAG projects when they are ready.

The senior Ambani expressed concerns hovering above the global economy. Slower than anticipated economic growth will give rise to protectionsim, he said. On the brighter side, Indian government's efforts in sustaining growth is laudable. India is set to become the fastest growing econominc in coming years and Reliance is well placed to take a lead position in nation-building, he said.

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