Business Standard

Reliance Industries ups O2C play as competitive intensity grows

Adani, TCG among key rivals in the sector

Reliance Industries, RIL

Photo: Shutterstock

Viveat Susan Pinto Mumbai
Mukesh Ambani-led Reliance Industries (RIL) may have to contend with competition sooner than later in oil-to-chemicals (O2C), its largest business segment.

On Monday, the country’s most-valuable company announced a surprise Rs 75,000-crore investment in O2C, mainly to expand capacities in existing and new value chains.

This included investment in areas such as purified terephthalic acid (PTA), polyethylene terephthalate (PET), polyvinyl chloride (PVC) and carbon fibre. The push comes amid plans by rival groups such as Adani and The Chatterjee Group (TCG) in the sector.

Adani group sources said that by November 2024, a 1,000-kilo-tons-per-annum (KTPA) PVC plant would be commissioned.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2022 | 8:28 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to