Reliance to restructure EPC operations, merge group with self to synergize capabilities

Reliance Industries Ltd NSE -0.83 % on Friday announced plans to restructure its engineering, procurement, and construction (EPC) business, by merging the undertaking with itself.

The EPC and infrastructure businesses, undertaken by Reliance Projects and Property Management Services, a wholly-owned subsidiary of RIL, are proposed to be merged into RIL NSE -0.83 %, the diversified conglomerate said in a statement.