Mukesh Ambanis
HONG KONG: Mukesh Ambani’s rivals should be relieved, though perhaps not too much. The petrochemicals czar has just told shareholders that he’s undertaking his life’s “most challenging” mission by investing 750 billion rupees (US$10bil or RM41.6bil) in clean power and fuel over three years.
It doesn’t appear to be a big capital commitment from India’s most powerful businessman, certainly not when he’s just raised US$44bil (RM182.9bil) of capital during a pandemic, and made the US$180bil (RM748bil) balance sheet of his flagship Reliance Industries Ltd free of net debt.
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