Pursuits
Billionaire Ambani’s Wealth Grew Most in World as Oil Plunged
- Oil's rout helping expand Reliance's gross refining margins
- New projects worth $30 billion expected to start in 2016: CLSA
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Oil’s plunge and the impact on the global economy is hurting many a billionaire. Indian tycoon Mukesh Ambani isn’t one of them.
Reliance Industries Ltd., controlled by Ambani, is benefiting from low crude prices as margins swell at the company’s refining complex, the world’s largest.