RIL says O2C biz restructuring to attract pool of investor capital

MUMBAI: Reliance Industries Ltd believes that the restructuring of its oil-to-chemical business will facilitate value creation and attract a dedicated pool of investor capital in the company, the conglomerate’s annual report for 2020-21 showed.

“O2C’s goal is to maximise crude to chemicals conversion and create a sustainable growth business. The scheme received an overwhelming support from our shareholders and creditors,” the company said.