{"id":357930,"date":"2020-06-17T12:31:21","date_gmt":"2020-06-17T07:01:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357930"},"modified":"2020-06-17T12:53:55","modified_gmt":"2020-06-17T07:23:55","slug":"next-leg-of-ril-debt-reduction-to-be-driven-by-strong-cashflow-from-energy-business-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/next-leg-of-ril-debt-reduction-to-be-driven-by-strong-cashflow-from-energy-business-report\/","title":{"rendered":"Next leg of RIL debt-reduction to be driven by strong cashflow from energy business: Report"},"content":{"rendered":"<p>New Delhi: After announcing asset sale worth $14 billion and completing $7 billion rights issue in the past two months, Reliance Industries Ltd&#8217;s next leg of debt reduction surprise will be driven by its energy business as cash flows is likely to exceed expectations, a report said on Tuesday.<\/p>\n<p>&#8220;Deleveraging has played out faster than expected, fuelling rerating. The next leg of growth and surprises should be from volume and margin recovery in energy and retail,&#8221; according to the Morgan Stanley report.<\/p>\n<p>Over the past two months, billionaire Mukesh Ambani&#8217;s oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a $7 billion rights issue, and slowed the run rate of new investment by a quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: After announcing asset sale worth $14 billion and completing $7 billion rights issue in the past two months, Reliance Industries Ltd&#8217;s next leg of debt reduction surprise will be driven by its energy business as cash flows is likely to exceed expectations, a report said on Tuesday. &#8220;Deleveraging has played out faster than expected, fuelling rerating. The next leg of growth and surprises should be from volume and margin recovery in energy and retail,&#8221; according to the Morgan Stanley report. Over the past two months, billionaire Mukesh Ambani&#8217;s oil-to-telecom conglomerate has announced the sale of about $14 billion [&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":[130,239,136],"tags":[],"class_list":["post-357930","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357930","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=357930"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357930\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}