Monday, March 10, 2008

Reliance Retail To Infuse Rs 180cr In Jewellery Stores In AP

Hyderabad: Reliance Retail Limited, a wholly-owned subsidiary of Reliance Industries Limited (RIL), will be opening its jewellery format stores across 12 locations in Andhra Pradesh in the next three years. The company was planning to pump in Rs 180 crore in Andhra. The locations identified by the company for opening jewellery stores include Vijayawada, Visakhapatnam, Warangal and Nellore. Reliance Jewels is another milestone in its effort to bring a unique shopping experience with assured purity of gold and certification of diamonds. The Hyderabad store was opened at an investment of Rs 25 crore.

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