Mukesh Ambani on Friday laid out an ambitious roadmap to reinvent Reliance Industries' traditional oil-to-chemicals (O2C) business, saying the conglomerate plans to move beyond conventional refining and convert crude oil into high-value products such as carbon fibre, specialty materials and green chemicals to reduce its exposure to geopolitical and commodity price shocks.
Speaking at Reliance's 49th annual general meeting, Ambani described the O2C business as the group's long-standing growth engine but said its next phase would look very different.
