{"id":287103,"date":"2019-08-13T05:50:37","date_gmt":"2019-08-13T05:50:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287103"},"modified":"2019-08-13T05:51:11","modified_gmt":"2019-08-13T05:51:11","slug":"ril-to-become-zero-net-debt-company-in-18-months-mukesh-ambani","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-to-become-zero-net-debt-company-in-18-months-mukesh-ambani\/","title":{"rendered":"RIL to become zero net-debt company in 18 months: Mukesh Ambani"},"content":{"rendered":"<p>RIL chairman Mukesh Ambani on Monday said that the group has a clear roadmap to become zero net-debt company in 18 months. <\/p>\n<p>The statement came in the wake of rising debt at the group level that reached a level of group Rs 1,54,478 crore in the last financial year. <\/p>\n<p>Addressing the group&#8217;s 42nd AGM in Mumbai, Ambani said he was confident of growing the company&#8217;s consolidated earnings 15 per cent annually over the next five years. <\/p>\n<p>He said the group&#8217;s telecom vertical Reliance Jio and retail venture Reliance Retail would account for 50 per cent of the company&#8217;s earnings soon. <\/p>\n<p>The RIL chairman also assured shareholders that they would continue to get periodic bonus issues and higher dividends once the group became debt-free.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIL chairman Mukesh Ambani on Monday said that the group has a clear roadmap to become zero net-debt company in 18 months. The statement came in the wake of rising debt at the group level that reached a level of group Rs 1,54,478 crore in the last financial year. Addressing the group&#8217;s 42nd AGM in Mumbai, Ambani said he was confident of growing the company&#8217;s consolidated earnings 15 per cent annually over the next five years. He said the group&#8217;s telecom vertical Reliance Jio and retail venture Reliance Retail would account for 50 per cent of the company&#8217;s earnings soon. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-287103","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287103"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287103\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}