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Reliance Infra Plans Up to $1.6 BLN Capex for 2012/13

  • Reliance Infrastructure Ltd. plans a capital expenditure of 70-80 billion rupees for the next fiscal year starting in April 2012, almost the same as that is earmarked for 2011/12, Chief Executive Officer Lalit Jalan said.
  • The Mumbai-based company controlled by billionaire Anil Ambani reported a net profit of 4.08 billion rupees for the three months to December 31, marginally up from 4.05 billion rupees a year earlier.

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