RIL outlines plan for O2C business spin off

RIL outlines plan for O2C business spin off

RIL proposes to transfer all its refining, petrochemicals and marketing assets to the O2C entity, which includes the 51:49 fuel marketing joint venture with BP, 74.9% elastomer JV with Sibur, Recron/RP Chemicals Malaysia, trading subsidiaries, ethane pipeline and all other related assets. The O2C scheme becomes effective with appointed date of January 1, 2021.
Check the source here –Source, Financial Express.

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