Recently, Reliance Industries Limited unsuccessfully attempted to take over the petrochemicals major LyondellBasell, and although the market did not react too negatively to the fact that the bid failed, and some analysts even cheered the attempt, many questions have been raised over how RIL now looks to ensure that it is able to drive itself to the next phase of growth.

Good things have been happening for RIL lately. Last year, the company started two major projects, a new refinery and the KG basin gas, and people are expecting this mega initiative to generate even bigger results, taking the company to an altogether new high.

Funds for investment have never been a problem for RIL, and with the economy now starting to bounce back in full swing, this will be much easier than ever before.

The global recession had not hurt India all that much, but Reliance was one of the companies which felt the impact, with many of its projects suffering due to fall back in global demand. But now, things seem to be picking up, and much faster than expected.

While it is true that the rejection of RIL's $14.5 Billion bid to acquire Netherlands-based LyondellBasell, which has barely managed to come out of bankruptcy, was a major jolt for Mukesh Ambani and his ambitious plans to expand his company, there are many more things that RIL is expecting to achieve, and with the supportive economic conditions and the global market picking up, there is no reason to believe that the company would fall short of its own, or anyone else's, expectations.