Thanks to the recent acquisition of the 26 per cent stake in state-run Indian Petrochemicals Corporation (IPCL), Reliance Industries (RIL) is now part of the top 10 petrochemicals companies in the world. Others on the list include Dow Chemicals, Borealis, Basell, Solvay and BP.
The strategic stake in IPCL gives Reliance a near-monopoly status in polypropylene (PP) and poly vinyl chloride (PVC) and to some extent in polyethylene (PE).
It also has some firsts to its credit. RIL already operates the world
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