This is despite the near-term pressure it could put on the return ratios. The company had been under pressure to utilise the cash on its books and these investment plans show how it has charted a way forward.

When Mukesh Ambani, dressed in a white shirt with a red and white check tie and a black coat, walked into the Birla Matoshree auditorium at 10:45 am, there was commotion among shareholders to shake hands with the billionaire who leads India Inc's first family.

The 30-share index gained 54.14 points, or 0.21 per cent, to 25,575.33. The gauge had gained 330.71 points in the last session on late heavy fund-based buying.

"This compilation is an attempt to inform and debate with facts so that rhetoric and illogic don't drown out the serious issue of India's energy security," RIL said. In the 38-page report, across 10 chapters, RIL explained how it entered the exploration and production business; the history of the New Exploration and Licensing Policy (Nelp) and the introduction of production-sharing contracts (PSCs).

The cloud-based services, three company executives familiar with the plan said, will span healthcare, education and entertainment, and build synergies with the home shopping and content businesses of Network18 Media & Investments Ltd, in which RIL is acquiring a majority stake.

The Sensex closed at a fresh high of 25,396.46 points, up 1.51%, or 376.95 points, while the Nifty ended at a fresh high of 7,583.40, up 1.46%, or 109.30 points.

Government-owned Oil and Natural Gas Corporation (ONGC), the country's largest producer of both, alleges Mukesh Ambani's Reliance Industries (RIL), the country's largest private company by market capitalisation, has stolen gas worth Rs 30,000 crore from its block in the Krishna-Godavari (KG) basin.Approaching the high court here last month, the Maharatna major says RIL had drawn out 18 billion cubic metres of natural gas from 2009 to September 2013 from its assets.