Friday 12 June 2015

Retail presence in more than 900 cities by next yr: RIL

RIL's Chairman Mukesh Ambani says the Reliance Retail would scale up presence from 200 cities to 900 cities by next year

Reliance Industries Chairman Mukesh Ambani said that the company is planning to enter more that 900 cities by the next year, according to a news on a TV channel.

Addressing the shareholders at the 41st AGM in Mumbai today, Ambani said the Reliance Retail would scale up presence from 200 cities to 900 cities by next year, the report further said.

He further said that Reliance Retail revenue stood at over Rs.70,000 Cr and EBITDA at Rs.784 Cr in FY15. 

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