Mumbai, November 17: India’s most valuable firm Reliance Industries (RIL) today outlined its growth plan that focusses on adding oil and gas properties overseas to help strike a balance between domestic and international operations.
“Reliance continues to accrue oil and gas properties overseas. These overseas oil and gas initiatives would reinforce the domestic effort.
“It will also bring a better balance between domestic and international operations as well as between onshore and offshore properties,” RIL’s Chairman and Managing Director Mukesh Ambani told shareholders at the company’s 35th annual general meeting here.
Shares of the company fell 1.43 per cent to Rs 2117 at mid-session.
The petrochemical giant currently has 99,000 square km of acreage under exploration in Oman, Yemen, Colombia, East Timor and Peru.
–PTI