|Base Tariff Details||Top Up Cards|
|Customer Experience Pack||How to Buy|
Reliance Petroleum set to merge with Reliance Industries
Reliance Industries Ltd (RIL) and Reliance Petroleum Ltd. (RPL) informed the Bombay Stock Exchange (BSE) separately that a meeting of the respective board of directors of the companies would be held on March 2, inter alia, to consider and recommend the amalgamation of RPL with RIL.
The deal is expected to enhance the position of RIL as an integrated global energy major.
Markets ascribe higher valuation for integrated energy companies vis-a-vis standalone refiners due to better competitive position and reduced earnings volatility.
This merger of RPL is expected to transform RIL to be among worldâ€™s 50 most profitable companies; top ten non-state owned refining company globally; top 15 independent upstream companies; and five largest producers of poly propylene in the world.
While RIL will have enhanced weightages in domestic indices, it will also gain significantly from higher financial strength and flexibility.
The merger is likely to be earnings accretive for RIL from the first year itself
Further, it will have operational synergies from combined business in areas such as crude sourcing, product placement, process optimization and logistics, besides consolidation of a world-class operating refinery asset.
The combined capacity of the two companies expected to be 1.24 million barrels of oil a day. At present RIL produces 6.60 lakh barrels and RPL produces 5.80 lakh barrels a day.
Visited 1753 times, 1 so far today
CommentsFor better response, post your questions, complaints, job enquiries in forum
Click here to go to Reliance Forum