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Home›News›RIL to pump $2 bn into shipbuilding, dredging
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September 13, 2007 · about 19 years ago

RIL to pump $2 bn into shipbuilding, dredging

The Mukesh Ambani-owned Reliance Group is set to make a splash in shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each in two companies and has begun talks with international majors for a strategic tie-up for t

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The Mukesh Ambani-owned Reliance Group is set to make a splash in shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each in two companies and has begun talks with international majors for a strategic tie-up for the dredging business. This $2-billion investment is over and above the $1.3-billion investment committed for the Rewas Port, off Navi Mumbai.

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