RIL’s O2C business gets leg-up with Rs 75,000-cr investment over 5 years

Reliance Industries (RIL) will invest Rs 75,000 crore over the next five years in its oil-to-chemicals (O2C) business and expand capacities in existing and new value chains, Chairman Mukesh Ambani said on Monday during the company’s annual general meeting (AGM).

Addressing its shareholders, Ambani laid out a three-pronged strategy to maximise O2C integration and convert existing feedstock streams into high-value chemicals and green materials.

Tapping the polyester and vinyl value chains would constitute the first two areas of investment, Ambani said. The third would be setting up the world’s largest carbon-fibre plant at Hazira with a capacity of 20,000 million tonnes per annum (MTPA).