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Home  » Business » RIL, RPL board to consider merger plans

RIL, RPL board to consider merger plans

Source: PTI
February 27, 2009 18:16 IST
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The boards of Mukesh Ambani promoted Reliance Industries and Reliance Petroleum will meet on Monday to consider the merger of the two entities.

In two separate filings, both the companies said a meeting of the board of directors will be held on March 2, to consider and recommend the amalgamation of Reliance Petroleum and Reliance Industries, the country's most valued firm in terms of market capitalisation.

Reliance Petroleum is an only-for-export refinery and its 5,80,000-barrels-per-day only for exports refinery at Jamnagar in Gujarat was commissioned last month.

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