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RIL Board approves 3bn cracker project in Jamnagar
24 Feb '07
3 min read
4. Appoint Dr. R.A. Mashelkar as an independent director on the Company's board, subject to necessary Government approvals. Dr. Mashelkar is an eminent scientist and engineer and has an outstanding academic record and has held several high positions in the field of Science and Technology.
Dr. Mashelkar is presently the President of the Indian National Science Academy (INSA) and President of Global Research Alliance, a network of publicly funded R&D institute from Asia Pacific, Europe & U.S.A. with over 60,000 scientists. Dr. Mashelkar was awarded the Padmashri in 1991 and Padmabhushan in 2000, and is the only third Indian engineer to have been elected as Fellow of Royal Society (FRS) London in the twentieth Century.
Commenting on the above, Chairman, Mr. Mukesh Ambani said "The Board's approval to enhance the equity capital of the Company by Preferential issue of warrants to promoters demonstrates our commitment to value creation at Reliance."
"The substantial enhancement of shareholders funds will take RIL to a higher growth platform by strengthening its capital structure. I am really excited about accelerating our investments in all our key businesses – oil & gas, refining, petrochemicals and retailing by both organic and inorganic growth initiatives."
Dr. Mashelkar is presently the President of the Indian National Science Academy (INSA) and President of Global Research Alliance, a network of publicly funded R&D institute from Asia Pacific, Europe & U.S.A. with over 60,000 scientists. Dr. Mashelkar was awarded the Padmashri in 1991 and Padmabhushan in 2000, and is the only third Indian engineer to have been elected as Fellow of Royal Society (FRS) London in the twentieth Century.
Commenting on the above, Chairman, Mr. Mukesh Ambani said "The Board's approval to enhance the equity capital of the Company by Preferential issue of warrants to promoters demonstrates our commitment to value creation at Reliance."
"The substantial enhancement of shareholders funds will take RIL to a higher growth platform by strengthening its capital structure. I am really excited about accelerating our investments in all our key businesses – oil & gas, refining, petrochemicals and retailing by both organic and inorganic growth initiatives."
Reliance Industries Limited
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