{"id":397312,"date":"2021-01-25T12:17:23","date_gmt":"2021-01-25T06:47:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397312"},"modified":"2021-01-25T13:30:21","modified_gmt":"2021-01-25T08:00:21","slug":"reliance-industries-ltd-spins-off-oil-to-chem-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-ltd-spins-off-oil-to-chem-unit\/","title":{"rendered":"Reliance Industries Ltd spins off oil-to-chem unit"},"content":{"rendered":"<p>Mukesh Ambani\u2019s Reliance Industries Ltd has completed the spin-off of the firm\u2019s oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships, the company has said.<\/p>\n<p>The oil-to-chemical (O2C) business unit holds Reliance\u2019s oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business.<\/p>\n<p>Reliance for the first time reported integrated earnings of the O2C business in its third-quarter financial results. Earlier, the refining and petrochemical businesses were reported separately while fuel retailing revenue was part of the firm\u2019s overall retail business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani\u2019s Reliance Industries Ltd has completed the spin-off of the firm\u2019s oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships, the company has said. The oil-to-chemical (O2C) business unit holds Reliance\u2019s oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business. Reliance for the first time reported integrated earnings of the O2C business in its third-quarter financial results. Earlier, the refining and petrochemical businesses were reported separately while fuel retailing revenue was part of the firm\u2019s overall retail business.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-397312","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=397312"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397312\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}