According to a research, Reliance Industries’ fourth investment cycle, which is expected to cost around USD 50 billion over the next three years, might enable the company treble its profitability. According to an analysis by Morgan Stanley, the company’s “fourth investment cycle this century offers substantial variations from earlier cycles, unappreciated energy tailwinds, and the ability to treble profits by 2027.”

Over the next three years, money will be spent on chemicals, 5G, retail, and new energy.

In the late 1990s and early 2000s, Reliance’s first investment cycle was concentrated on the commissioning of petrochemical projects.

The development of oil and gas fields was the emphasis of the second investment, which was made four years later, while communications was the main area of the third investment.