This is the best scricpt and they have so many projects with in 2 years this share price will go above 2500
RNRL may lead ADAG's new forays
P B Jayakumar / Mumbai September 30, 2008, 0:51 IST
Group gears up to invest Rs 65k cr in steel, cement and shipping sectors
The Anil Dhirubhai Ambani Group's (ADAG) foray into steel, cement and shipping businesses is likely to be through Reliance Natural Resources (RNRL), the group's fuel management arm.
ADAG has drawn up plans to invest Rs 65,000 crore in these three new areas over the next five years. The investment includes Rs 20,000 crore to set-up a 10-million cement plant and Rs 40,000-crore towards a steel plant in Jharkhand.
The group believes that the three new lines of businesses fit more with RNRL than with other companies under the group, an ADAG source said.
Anil Ambani, chairman of RNRL, today told the shareholders of Reliance Infrastructure, another ADAG entity, that the group's foray into shipping, cement or steel wou