RIL O2C: Self belief in restructuring EPC operations, teaming up with in-house for synergy alternatives

on Friday introduced plans to restructure its engineering, procurement and building (EPC) trade by way of merging the trade with itself.

The EPC and infrastructure divisions operated by way of Reliance Initiatives and Assets Control Products and services, a subsidiary of RIL, are proposed to be merged into

the assorted conglomerate stated in a commentary.

Reliance Initiatives and Assets Control’s EPC and infrastructure operations turnover for the fiscal yr ended March 31, 2022 was once Rs 43,071 crore.

The proposed transaction won’t contain a money or percentage change, RIL stated, because the trade to be mixed is owned by way of a completely owned subsidiary.

The EPC department will force RIL’s main refining (O2C) tasks, new power trade and 5G provider deployments.

Will increase in infrastructure spending throughout areas within the oil and fuel, chemical, telecoms and renewable power industries are anticipated to result in important call for for EPC assets, the corporate stated.

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