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Oil To Chemicals Business O2c
Business  /  Published 26.12.21

RIL U-turn on O2C approved

The National Company Law Tribunal (NCLT) has allowed Reliance Industries to withdraw its proposal to demerge its oil-to-chemicals (O2C) business, which effectively rings down the curtain on a two-year...
By Our Special Correspondent in Mumbai

Business  /  Published 08.12.21

Aramco, RIL find new allies

Reliance and Saudi Aramco are forking out in separate directions within weeks of scrapping their proposed mega deal in Reliance’s oil-to-chemicals (O2C) business. Reliance on Tuesday said it wo...
By Our Special Correspondent in Mumbai

Business  /  Published 22.11.21

Snag in Aramco deal weighs on RIL stock

The decision of Reliance Industries Ltd (RIL) and Saudi Aramco to re-evaluate their proposed $15billion deal may turn out to be a near-term negative for the RIL stock as it does away with a key trigge...
By Our Special Correspondent in Mumbai

Business  /  Published 20.11.21

RIL, Aramco to re-evaluate O2C biz investment

Reliance Industries and Aramco have scrapped their agreement under which the Saudi oil giant was supposed to pick up a 20 per cent stake in the oil-to-chemical business – a deal that the two sid...
By Our Special Correspondent in Mumbai

Business  /  Published 23.10.21

Reliance profit jumps 43%

Reliance Industries silenced its doubters to post a 43 per cent jump in net profit to Rs 13,680 crore in the second quarter of the fiscal against Rs 9,567 crore a year ago, much ahead of analyst estim...
By Our Special Correspondent in Mumbai

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Business  /  Published 30.09.21

RIL defends Aramco chief pick

Reliance Industries Ltd (RIL) on Wednesday defended its move to appoint Saudi Aramco chairman Yasir al-Rumayyan on its board as an independent director, saying that the proposal is not linked to the l...
By Our Special Correspondent in Mumbai

Business  /  Published 17.08.21

Aramco, RIL close to deal

Saudi Aramco is in advanced talks to acquire a roughly 20 per cent stake in Reliance Industries’ oil refining and chemicals business for about $20 billion to $25 billion in Aramco’s shares...
By Reuters in Bangalore

Business  /  Published 24.07.21

Subdued Q1 for RIL

Reliance Industries (RIL) on Friday reported a net profit of Rs 13,806 crore for the first quarter ended June 30 — a sequential fall of 7.92 per cent as its businesses felt the impact of the sec...
By Our Special Correspondent in Mumbai

Business  /  Published 25.06.21

Aramco-RIL deal likely this year

The much awaited deal between Reliance Industries (RIL) and Saudi Aramco is set to be concluded this year after a delay of more than 14 months. As a precursor to the proposed transaction, first annou...
By Our Special Correspondent in Mumbai

Business  /  Published 03.06.21

RIL eyes O2C arm investor

Reliance Industries (RIL) has kept its hopes alive to induct a strategic partner in its oils-to-chemicals (O2C) business with chief Mukesh Ambani stating in the company’s annual report that a pr...
By Our Special Correspondent in Mumbai


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