Reliance Industries Ltd. (RIL) has outlined an ambitious growth roadmap for its Oil-to-Chemicals (O2C), advanced materials and green energy businesses, with major investments underway in petrochemicals, specialty materials and green chemicals.
O2C Business Demonstrates Resilience
The company’s O2C business delivered a strong performance in FY26 despite global market volatility. Revenue from the segment increased by 5.7% to ₹6,62,401 crore, while EBITDA grew by 10.1% to ₹60,546 crore.
As per the Chairman’s statement at the 49th Annual General Meeting (AGM), Reliance maintained near-full refinery throughput despite disruptions in the Strait of Hormuz through diversified crude sourcing and agile logistics management. The company also increased LPG supplies four-fold to support domestic requirements during the period.
Major Chemicals and Materials Projects Progressing
Reliance reported significant progress on several key projects aimed at strengthening its chemicals and materials portfolio.
Advanced execution is underway on a 3 million tonne per annum Purified Terephthalic Acid (PTA) facility at Dahej. The company stated that the project will further enhance its competitiveness in global PTA markets.
In addition, Reliance’s carbon fibre facility at Hazira is poised to become one of the world’s largest and most advanced facilities of its kind. The project is expected to support emerging sectors such as wind energy, hydrogen, advanced manufacturing and defence.
The company is also expanding its PVC and CPVC capacities, including a 1.2 million tonne PVC plant at Nagothane. According to the AGM statement, these investments will help reduce import dependence while meeting growing demand from infrastructure and consumer sectors.
Digitalisation Enhancing Operational Efficiency
Reliance continues to deploy advanced digital technologies across its refining and petrochemical operations.
The company has implemented an AI-driven feedstock optimisation tool to identify the most efficient crude blends. Furthermore, an in-house digital logistics platform is streamlining chartering and supply-chain operations, while smart contract execution tools are improving transaction efficiency.
As per the company’s statement, Reliance is progressing towards operating Jamnagar as the world’s first end-to-end autonomous refinery.
Focus Shifts Towards Higher-Value Chemicals
Reliance indicated that its O2C business is entering a new phase of strategic evolution, with an increasing focus on chemicals and advanced materials.
The company stated that a greater proportion of every barrel of crude processed will be converted into chemicals and high-value materials rather than transportation fuels. This transition is expected to strengthen value creation and improve long-term business resilience.
Green Chemicals Programme Gains Momentum
Reliance also highlighted progress in its Green Chemicals programme. The company is developing an alkaline electrolyser manufacturing giga-factory and plans to produce green urea, urea ammonium nitrate (UAN), green ammonia and bio-methanol.
In a significant development, Reliance has signed a US$3 billion long-term green ammonia supply agreement with Samsung C&T. As per the AGM statement, the agreement ranks among the world’s largest green ammonia offtake contracts and supports the commercialisation of the company’s green hydrogen platform.
Reliance added that discussions are underway for additional export opportunities in Japan, South Korea and Europe.
Integrated Energy and Materials Vision
The company reiterated its commitment to building an integrated energy, chemicals and materials ecosystem spanning solar energy, batteries, hydrogen, bioenergy and advanced materials.
According to Reliance, the integration of its O2C, New Energy and Materials businesses will support future growth while creating new opportunities in sustainable chemicals, green fuels and advanced materials markets.
