Reliance Industries (RIL), leading private sector enterprise with businesses in the energy and materials value chain, witnessed a rise in share price on Friday after the company's chairman and managing director Mukesh D Ambani at the company's 41st annual general meeting (AGM) said that the company has embarked on a journey of investing over two lakh crore in building new facilities and creating new businesses that will come to fruition in the next 12 to 18 months.

''These investments will build new capacities, strengthen its global positions, improve the return on capital and make its existing refinery and petrochemical businesses among the most competitive in the world. The company is also building a brand new business of digital broadband telecom services under the Jio name'', Ambani said.

Shares of the company are trading at Rs 889, up Rs 11.8, or 1.35% at the Bombay Stock Exchange (BSE) on Friday at 1:13 p.m.

Total volume of shares traded on the bourses today was lower by 13.89% to 3,413,201 compared with 22-day average volume of 3,963,918.