Reliance’s 4th investment cycle of $50 bn to double earnings

Reliance NSE 0.98 % Industries’ fourth investment cycle of an estimated USD 50 billion spending over the next three years could help the firm double its earnings, a report said. The firm’s “fourth investment cycle this century has significant differences to past cycles, underappreciated energy tailwinds and the potential to double profits by 2027,” Morgan Stanley said in a report.

The spending is planned on chemicals, 5G, retail and new energy over the next three years.