Reliance Maps Next O2C Phase With PTA, PVC, Carbon Fibre Bets as Jio IPO Nears
At RIL's 49th AGM, Mukesh Ambani charted a high-value chemicals push—3MT PTA at Dahej, 1.2MT PVC at Nagothane, carbon fibre scale-up—while flagging Jio Platforms' IPO. O2C drove 59.3% of FY25 revenue and 37.1% PBIT in FY26, with RIL also supplying 30% of India's gas output.
At RIL's 49th AGM, Mukesh Ambani outlined the next phase of the O2C business with major investments in PTA, carbon fibre and PVC, while Jio Platforms IPO marks the conglomerate's diversification into telecom, digital and retail.
Why this matters
Builds on Ambani's succession reset—Isha on consumer, Akash on tech, Anant on energy—and frames O2C reinvestment alongside the much-watched Jio Platforms IPO that could reshape RIL's valuation stack.
Retail-company signals steady at 3,429 over the last 90 days.