{"id":287260,"date":"2019-08-13T07:18:03","date_gmt":"2019-08-13T07:18:03","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287260"},"modified":"2019-08-13T07:18:03","modified_gmt":"2019-08-13T07:18:03","slug":"bp-aramco-deal-to-help-ril-to-be-debt-free-by-march-2021","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-aramco-deal-to-help-ril-to-be-debt-free-by-march-2021\/","title":{"rendered":"BP, Aramco deal to help RIL to be debt-free by March 2021"},"content":{"rendered":"<p>Mukesh Ambani, Chairman of Reliance Industries Ltd (RIL), on Monday, said that the company could become debt-free over the next 18 months. \u201cWe have a very clear roadmap to becoming a zero net-debt company within the next 18 months, that is by 31st March 2021,\u201d Ambani said.<\/p>\n<p>Reliance Industries Ltd (RIL) will sell a 20 per cent stake in its oil-to-chemicals business to Saudi Aramco at an enterprise value of $75 billion, making it one of the biggest Foreign Direct Investment (FDI) deals in the country.<\/p>\n<p>Last week, RIL had announced a deal with BP wherein the UK-based company will acquire 49 per cent stake in RIL\u2019s retail distribution business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani, Chairman of Reliance Industries Ltd (RIL), on Monday, said that the company could become debt-free over the next 18 months. \u201cWe have a very clear roadmap to becoming a zero net-debt company within the next 18 months, that is by 31st March 2021,\u201d Ambani said. Reliance Industries Ltd (RIL) will sell a 20 per cent stake in its oil-to-chemicals business to Saudi Aramco at an enterprise value of $75 billion, making it one of the biggest Foreign Direct Investment (FDI) deals in the country. Last week, RIL had announced a deal with BP wherein the UK-based company will [&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":[130],"tags":[],"class_list":["post-287260","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287260","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=287260"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287260\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}