Reliance Industries has announced plans to carry out the shutdown of a crude distillation unit (CDU) and fluidized catalytic cracker (FCC) of its SEZ refinery in Jamnagar for general maintenance and inspection activities. According to Reliance Industries, the shutdown period is likely to be around three to four weeks for crude distillation unit beginning on […]
Reliance Industries Limited said that its board has today decided to execute a scheme of arrangement for transferring Gasification Undertaking into a fully-owned subsidiary. The scheduled date of the scheme will be 31 March 2022 or any other date set by the company’s board. The scheme will be subject to approval from stock exchanges, shareholders, […]
Saudi Aramco and Reliance Industries (RIL) have signed a non-binding letter of intent (LOI) for a proposed investment by the former for a 20% stake in the Indian conglomerate’s Oil to Chemicals (O2C) division in a deal worth $15bn. The deal is considered to be one of the largest foreign direct investments in India. The […]