{"id":349309,"date":"2020-05-02T11:52:16","date_gmt":"2020-05-02T06:22:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349309"},"modified":"2020-05-02T12:51:36","modified_gmt":"2020-05-02T07:21:36","slug":"ril-to-vault-over-zero-net-debt-goal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-to-vault-over-zero-net-debt-goal\/","title":{"rendered":"RIL to vault over zero net-debt goal"},"content":{"rendered":"<p>Reliance Industries chairman Mukesh Ambani is in the process of whipping up some salivating deals that look to take the oil-to-retail-to-telecom behemoth way beyond its zero net debt goal. <\/p>\n<p>RIL had gross debt of Rs 3,36,294 crore and cash and cash equivalents of Rs 1,75,259 crore for the period March 31, 2020, translating to a net debt of Rs 1.61 lakh crore. <\/p>\n<p>At its annual general meeting in August, RIL chairman Ambani had told shareholders the company would become a zero net debt company by March 2021. A crucial part of the plan was the sale of a 20 per cent stake in its oil-to-chemical business to Saudi Aramco for $15 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries chairman Mukesh Ambani is in the process of whipping up some salivating deals that look to take the oil-to-retail-to-telecom behemoth way beyond its zero net debt goal. RIL had gross debt of Rs 3,36,294 crore and cash and cash equivalents of Rs 1,75,259 crore for the period March 31, 2020, translating to a net debt of Rs 1.61 lakh crore. At its annual general meeting in August, RIL chairman Ambani had told shareholders the company would become a zero net debt company by March 2021. A crucial part of the plan was the sale of a 20 per [&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":[130,215,148],"tags":[],"class_list":["post-349309","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349309","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=349309"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349309\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}