Big win for Mukesh Ambani, secures Rs 248115817070 loan in…, got support from…

Reliance Industries has taken a offshore loan of $2.9 billion in dual currencies. This is the largest loan taken by an Indian corporation in over a year in this segment. The dual currencies involved in the deal are Yen and USD. According to a Bloomberg report, the agreement was signed on 9th May.

The loan will be given in two parts, the first one is $2.4 billion in US dollars and another disbursement in 67.7 billion yen is $462 million. 55 banks from the world participated in the deal.This is the largest bank group for such loans in Asia in 2025.

Reliance Industries has a credit rating of Baa2 from Moody’s and BBB from Fitch. These ratings are higher than India’s credit ratings of Baa3 and BBB–. It shows the capacity of the loan takers and whether they can meet financial obligations or not.

After this transaction, Indian firms collectively raised loans will cross $10.4 billion through foreign currency in 2025. Asia-Pacific lending market (excluding Japan) has reduced to a 20-year low of $29 billion in G3 currencies (US dollars, euros, and yen), however India’s performance among them is good.

Reliance Expansion

In the August 2024 Annual General Meeting (AGM), Mukesh Ambani shared plans for the company to rank among the 30 most valuable global companies. Currently it is within the top 50.

For the fiscal year ending March 31, 2025, Reliance Industries reported consolidated revenues of Rs 9,64,693 crore, a 7.1% increase year-on-year. The company also reported net profit to shareholders of Rs 69,648 crore. Its net worth also exceeded Rs 10 trillion.

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