Mukesh Ambani’s long game: How Reliance could turn a 3-year spending spree into Rs 90,000 crore of free cash flow

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• Economic TimesLean R·5h ago

  Mukesh Ambani’s long game: How Reliance could turn a 3-year spending spree into Rs 90,000 crore of free cash flow

  Reliance Industries could generate nearly Rs 90,000 crore in cumulative free cash flow over FY26-FY28 as its heavy investment cycle eases, brokerages say. Stronger earnings from energy and Jio, coupled with moderating capex, may reduce leverage and mark the beginning of a sustained cash flow and earnings upcycle.

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