Mukesh Ambani's RIL mulls entry into rig-manufacturing biz
Reliance Industries Ltd (RIL) on Saturday said it is mulling an entry into the rig manufacturing business.
By PTI |
MUMBAI: Reliance Industries Ltd (RIL) on Saturday said it is mulling an entry into the rig manufacturing business.
"We are certainly looking at entering the rig manufacturing business," RIL President Petroleum International Business Atul Chandra told reporters here on Saturday.
The company would most likely rope in a partner for this business, he added.
RIL plans to enter this new business either by end of this fiscal or beginning of the next, he said.
Chandra parried questions as to the location of the project, saying that the time was not yet right to comment on the issue.
The company has not initiated talks with any potential partner so far, he added.
"We are certainly looking at entering the rig manufacturing business," RIL President Petroleum International Business Atul Chandra told reporters here on Saturday.
The company would most likely rope in a partner for this business, he added.
RIL plans to enter this new business either by end of this fiscal or beginning of the next, he said.
Chandra parried questions as to the location of the project, saying that the time was not yet right to comment on the issue.
The company has not initiated talks with any potential partner so far, he added.
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