RIL Completes Spin-Off of OTC Division Into New Unit to Expand Downstream

摘要

New Delhi— Reliance Industries Ltd. (RIL) has concluded the spin-off of its oil-to-chemicals (OTC) business into a separate subsidiary that will move further downstream (PCN, 20 July 2020, p 1). The OTC business includes the refining, petrochemicals and fuels marketing businesses of RIL. This past July, RIL said the business had an enterprise value of $750-billion.