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As RIL’s drive to pare its debt gathers pace, capex takes back seat
January 19, 2020 | By Livemint.com
business
Jio’s capex fell to ₹3,000 crore, marking the first quarter when the telco’s capex was lower than its cash profits.Analysts say RIL has turned free cash flow positive for the first time since the Dec quarter of FY13, with capex declining by 27% q-o-q
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MUMBAI : Some debts are fun when you are acquiring them, but none are fun when you set about retiring them," said the US poet Ogden Nash. To Reliance Industries Ltds (RIL) credit, it has begun the arduous task of paying off its mammoth loans in earnest.On Fr
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