The Talks between Reliance Industries and Saudi Aramco are back on track regarding the demerger of RIL’s Oil-to-Chemicals (O2C) business into a wholly-owned subsidiary. RIL is reorganizing its Refining and Petrochemical, Retail fuel business into a separate arm Oil-to-Chemical (O2C). This is a strategic move of RIL to maximize the profitability of downstream (O2C).
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