Reliance Jio Infocomm, the 95 percent subsidiary of Reliance Industries (RIL), has invested Rs 8 crore in fiscal 2013.
Reliance Jio Infocomm, which is gearing up to launch 4G using TD-LTE technology in Mumbai, Delhi, Kolkata and Jamnagar during the current fiscal (2013-2014), has capital of Rs 7,822 crore.
Reliance Jio Infocomm, one of the most challenging projects for the billionaire Mukesh Ambani, has assets worth Rs 18,761 crore.
The 4G service provider has made a net loss of Rs 5.75 crore on revenue of Rs 0.05 crore during fiscal 2013.
Mukesh Ambani, chairman and managing director of RIL, is looking after the progress of the broadband venture. The company says it has finalized key agreements with telecom equipment vendors, application companies in order to launch 4G services.
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