Reliance Industries LTD is planning to invest $5.1 bn (Rs 30,290 crore) in the next three years in its US shale gas business, according to reports.
The company acquired shale gas assets in the US in 2010 for $3.45 billion and has invested $5.7 bn in shale gas joint ventures till June 2013.
The company posted an 84% rise in revenue from its shale gas venture in the US on rising production.
Reliance Industries Ltd could however boost the sentiment as the oil and gas major posted a 19% jump in net profit at Rs 5,352 crore on back of stronger margins in its core oil refining and petrochem businesses.
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