Reliance’s fourth investment cycle of $50 billion to double earnings: Report

Reliance Industries’ fourth investment cycle of an estimated $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.

Reliance’s first investment cycle was focused on petrochemical project commissioning in the late 1990s and early 2000.