Reliance Industries to negotiate 13 thousand crores loan for expenditure, 20 thousand crore to invest in Jio

Mukesh Ambani

Reliance Industries has tied up with Overseas Lenders for a long term loan of $ 1.85 billion (Rs 12,900 crores). Mukesh Ambani-owned company will use this fund in its capital expenditure.

20 thousand crore to invest in Jio

Recently, there were reports that the company is planning to invest 20 thousand crore rupees in its telecom unit, Jio, in order to reach the broadband and e-commerce sector. This investment is also important because it is believed that the company can also enter 5G mobile telephony services in the future.

Compromise done by foreign lenders

RIL said in a regulatory filing, "The company has tied up with foreign lenders for a long-term loan of $ 1.85 billion. Through this, the company will complete its plant expenditure. '

Without giving more details of this loan, the tenure and interest rate of the loan, the company said that it periodically determines the financing opportunities with the lenders and disclosures associated with them under the rules.

 

Debt of Rs 1700 crore CSR fund charged

Regarding the reported diversion of Rs.1700 crore CSR fund, RIL said in a separate filing that the Company Affairs Ministry (MCA) has been requesting information from the company on its CSR activities from time to time.

Complete information will be given to MCA

Without much detail, the company said, "The company has provided all necessary information to the MCA. MCA recently asked for additional information on CSR projects and the company is in the process of making it available.

In the filing, the company said, "The company runs CSR activities throughout the country through its implementing agency Reliance Foundation and also collaborates with other reputable agencies. The company is proud to be the largest CSR contributor in India.

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