this story originally appeared in on jun 6 2013mumbai reliance industries ril plans to invest rs 15 lakh crore over the next three years said chairman mukesh ambani at the companys 39th annual general meeting in mumbai on thursday your company is investing the largest capital in india by any enterprise public or private indian or foreign this is an expression of the faith of reliance in india and in her potential we are making these investments at a time when the global economy is facing one of its most challenging periods in modern times we have the conviction to look through the cycle and make investments at this time he said ril is the countrys largest private sector company with business interests that span energy petrochemicals retail and telecom discussing the outlook on the companys core oil and gas business in india ambani said we have now commenced our exploration campaign in the east coast of india our first success has been achieved in the mj1 well in kgd6 block success that we now know has the potential to significantly add to our resource base this discovery is a testimony to the combined technical skills of bp and reliance and the prospectivity of the kg basin this gas and condensate reservoir is located 2 km below the currently producing d1 d3 gas fields and has exhibited very good potential during the flow test he added he also said additional hydrocarbon resources in the kgd6 and nec25 blocks on rils cbm acreage he said we are all set to proceed with the development of two coal bed methane blocks in sohagpur madhya pradesh despite various execution and infrastructure challenges we are awaiting approvals to build a pipeline to connect to the major pipeline grid of the country for immediate utilisation of this gas by various consumers and we target for first gas from these fields in 2015 in an otherwise regular agm event there was a moment of diversion when the normally patient and courteous mukesh ambani lost his cool with a shareholder who questioned him about the companys balance sheet its retail foray and falling gas production at kgd6 when the shareholder began to comment on his personal wealth and how he should be running the government and become pm ambani said please do not get personal i will not allow it this is just not done please stop any personal suggestion you have please bring them to my office or else i will use my chairmans powers and not allow your questions on its global oil and gas business ambani was very bullish on its shale gas acreages in the us our us shale gas business has more than doubled its revenues and ebitda compared to last year it has become a significant contributor to our ep portfolio production from shale gas will be in excess of onethird of our aggregate production this year he said ril is a partner in the shale resource base of marcellus