"Don't make promises you don't intend to keep"

When Mukesh Ambani promised to make RIL debt-free by March 2021, they had a burden of ~Rs 1,54,000 Cr (net-debt). Many people scoffed at this ambitious plan. When the Saudi Aramco deal hit a roadblock, they wrote him off. When COVID made landfall, they doubled down on their criticism.

Yet, within 10 months after making the original bet, Mukesh Ambani has done the impossible. Not only did he keep his promise, but he did so 9 months ahead of schedule.


Also net debt-free status doesn't mean RIL will have no debt. They will, but they will also have more than enough cash to cover for the debt.