Reliance expects approvals for oil-to-chemicals business spin-off by Q2

Reliance expects approvals for oil-to-chemicals business spin-off by Q2

The Hindu

Reliance Industries Ltd expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next fiscal year, the company said in a presentation to investors on Monday. The company had initiated the process of spinning off the O2C business at a time when the COVID-19 pandemic has caused a slump in fuel demand and weighed on the segment's recent results.
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