Ambani's RIL has 15-yr plan to convert into new energy company: BofA analysts

Mukesh Ambani's Reliance Industries has a 15-year vision to build itself as one of the world's leading new energy companies, analysts said. "It intends to use proprietary technology, recycle CO2 and create value from plastic waste," analysts at Bank of America Securities said. RIL's core oil-to-chemical business is well placed to generate sustained free cash flow, they added.