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RIL planning to invest Rs 600 billion in Jio in 2018-19

May 07, 2018

Reliance Industries Limited (RIL) is likely to invest Rs 600 billion into Reliance Jio infocomm Limited (RJIL) in 2018-19 in order to speed up the roll out of broadband services and expand its wireless network. Further, RJIL may also borrow as much as Rs 1 trillion.

This investment is reportedly being done as RJIL wants to expedite its plan to scale up its capacity and coverage. RJIL will now focus more on fibre-to-the-home, enterprise offering, internet of things services and other digital services. The company is in the final stage of the commercial launch of home broadband services, though the rollout is expected to be gradual.

 
 

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