Reliance Retail business likely to grow 3 times in next 3 to 5 years
Reliance Retail business likely to grow 3 times in next 3 to 5 years
Share:

The retail business of Reliance Industries (RIL) is expected to grow three times over the next three to five years with a strong Compound annual growth rate (CAGR) of 35-40 per cent, which has been disclosed in a report by Bernstein. It states that digital or new commerce is growing gradually and contributes to 10 percent of sales. It further said that Reliance recently announced clean energy business could be valued at around USD 36 billion. 

Bernstein’s report states that Most clean energy companies are trading at 2-3x p/s. Based on the capital expenditure for clean energy, it is seen that a path for Reliance to build a clean energy business that could be worth USD 36 billion or 395/sh.”

Reliance recently announced plans to invest USD 10 billion in a new energy business over the next 3 years in the next phase of its transformation. Under the announced plans, the company will invest $10 billion in capital expenditure in solar, batteries and hydrogen to create an integrated clean energy ecosystem. The report said that other big announcements at the AGM were the launch of the new smartphone JioPhone Next and the induction of Aramco’s chairman on the Reliance board, which is positive for the spin-off in O2C.

India growth forecast by CEA Krishnamurthy Subramanian: Economy to grow at 6.5-7 pc

Clean Energy: India's subsidies to renewables drops 35 pc from FY17 to FY19: Report

RBI Governor Highlights, Financial inc will continue to be a policy priority

 

Join NewsTrack Whatsapp group
Related News