Oil To Chemical News

Reliance gets NCLT approval to withdraw plan to demerge O2C business

Reliance gets NCLT approval to withdraw plan to demerge O2C business

Reliance Industries Ltd on Friday said it has received nod from the National Company Law Tribunal (NCLT), Mumbai to withdraw its application for segregating the oil-to-chemical (O2C) business from the company. With this, RIL’s earlier plan to rope in global oil giant Saudi Aramco as a stakeholder in the new