Data Update Reliance Industries

By a Staff Reporter:  Reliance Industries plans to transfer its gasification business at Jamnagar to its recently incorporated arm Reliance Syngas to meet the growing demand of high-value chemicals, which are produced using synthesis gas.

The company believes that it could be an attractive business opportunity given the dearth of high value chemicals in the domestic market.

The nature of risk and returns associated with the gasification business is likely to be distinct from the other businesses due to availability of many applications of synthesis gas. Further, it can potentially attract a different pool of investors and strategic partners for the business.

Source : Eureka

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