Reliance Industries Ltd (RIL) will eventually convert its entire refined oil output into chemicals and new materials. Chairman Mukesh Ambani aims to establish the firm as the world’s leading integrated energy and materials company.
The projected Oil-to-Chemicals & Materials business is expected to surpass the valuation of the current O2C segment. Reliance seeks flexible global partnerships to co-build integrated complexes. The company will leverage its existing manufacturing scale and low-cost base to drive this transformation.
Reliance expects to create 200,000 green jobs through its Giga Complex and Kutch Solar Farm. This New Energy mission positions the company to capitalize on the global clean energy transition by transforming its legacy business into a growth platform.