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Reliance Industries: Corporate restructuring signals transformational shift towards clean energy

As part of its growth strategy, RIL now plans to transform its traditional energy business and aims to offer decarbonisation solutions

November 26, 2021 / 11:58 AM IST
Reliance Industries: Corporate restructuring signals transformational shift towards clean energy

Hydrogen (Representative image)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

A slew of major corporate announcements has brought Reliance Industries (RIL) under the spotlight of late. Last week, RIL announced that the long-pending deal with Aramco has been called off as both the parties have mutually decided to re-evaluate the proposed investment in the O2C (oil-to-chemicals) business. On November 24, 2021, RIL made another big announcement, involving corporate restructuring. The company has decided to implement a Scheme of Arrangement to transfer the Gasification Undertaking into a Wholly Owned Subsidiary....

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