Blitz Bureau
NEW DELHI: Reliance Industries Limited (RIL) has consolidated its balance sheet and is ready for the next level of growth, the conglomerate’s chairman and managing director Mukesh Ambani told shareholders. RIL released its annual report for the financial year ending March 2024 on August 7.
“Reliance has consolidated its balance sheet after the previous round of capex and is ready for the next level of growth,” Ambani said.
Commenting on the global economy, the RIL chairman said, “In this world of volatility and uncertainty, India is shining as a beacon of stability and prosperity.”
And that the “world is increasingly recognising India as an innovation hub,” he said, adding that India is faring much better than other economies. “Over the past couple of years, volatility in trade flows and supply chain disruptions have affected the energy sufficiency of multiple economies. With visionary and prudent leadership, the resilience and stability of the Indian economy amid such a global crisis is truly unparalleled.”
Talking about the company’s oil and gas division, Ambani said that with the commissioning of MJ Field, KG-D6 block now accounts for Rs 30 per cent of India’s domestic gas production.
