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"Growth is a way of life and we have to grow at all times," says Mukesh Ambani, Chairman & Managing Director, Reliance Industries, So after diversifying from the textiles to the petrochemicals business, Ambani is now set to enter the hospitality business. He recently acquired a 14.12 per cent stake in East India Hotels at a total cost of Rs 1,021 crore approximately.
The brain behind Reliance's backward integration from textiles into polyester fibres and further into petrochemicals, Ambani has till now led the creation of 51 new, world-class manufacturing facilities involving diverse technologies that raised Reliance's manufacturing capacities manifold. In August 2010, Ambani acquired a $392 million stake in a USA natural gas interest located in central and northeast Pennsylvania. He also purchased significant stakes in the shale gas assets of Atlas Energy Inc. and Pioneer Natural Resources. Now with his purchase of stake in EIH, Ambani has added yet another feather in his cap.
Growth is a way of life and we have to grow at all times, says Mukesh Ambani, Chairman & Managing Director, Reliance Industries, So after diversifying from the textiles to the petrochemicals business, Ambani is now set to enter the hospitality business. He recently acquired a 14.12 per cent stake in East India Hotels at a total cost of Rs 1,021 crore approximately. The brain behind Reliance's backward integration from textiles into polyester fibres and further into petrochemicals, Ambani has till now led the creation of 51 new, world-class manufacturing facilities involving diverse technologies that raised Reliance's manufacturing capacities manifold. In August 2010, Ambani acquired a $392 million stake in a USA natural gas interest located in central and northeast Pennsylvania. He also purchased significant stakes in the shale gas assets of Atlas Energy Inc. and Pioneer Natural Resources. Now with his purchase of stake in EIH, Ambani has added yet another feather in his cap.