Mumbai: Reliance Industries has appointed former Indian Oil Corporation NSE -0.11 % of India Chairman Sanjiv Singh as group president and member of the leadership team for the conglomerate’s oil-to-chemicals (O2C) business.
RIL NSE -0.67 % is in the process of carving out the $ 75 billion O2C business into a separate division as a part of its plan to divest at least 20% stake in it. Singh’s appointment is a part of the plan to carve out the business into a separate entity.
