en.Wedoany.com Reported - Reliance Industries Ltd. (RIL) has outlined a growth blueprint in the Oil-to-Chemicals (O2C), advanced materials, and green energy sectors, and is advancing large-scale investments in petrochemicals, specialty materials, and green chemicals.
Despite global market volatility, Reliance's O2C business demonstrated resilience in FY26. The segment's revenue grew by 5.7% to INR 6.62 trillion, while EBITDA increased by 10.1% to INR 605.46 billion. At the 49th Annual General Meeting (AGM), the Chairman revealed that through a diversified crude procurement strategy and flexible logistics management, the company maintained near-full refinery capacity utilization even amid disruptions in the Strait of Hormuz. Additionally, Reliance quadrupled its liquefied petroleum gas supply to meet domestic demand.
Several key projects to strengthen the chemicals and materials portfolio are underway. A 3 million tons per annum purified terephthalic acid (PTA) plant in Dahej has entered an advanced execution stage, which Reliance says will enhance its competitive position in the global PTA market. The carbon fiber plant in Hazira is expected to become one of the world's largest and most technologically advanced facilities of its kind, designed to support emerging industries such as wind power, hydrogen energy, advanced manufacturing, and defense. Capacity expansion also covers PVC and CPVC, including a 1.2 million tons per annum PVC plant in Nagothane. According to the AGM statement, these investments help reduce import dependence while meeting growing demand in infrastructure and consumer sectors.
Reliance continues to introduce digital technologies in its refining and petrochemical operations. The company has deployed AI-driven feedstock optimization tools to determine the most efficient crude blending schemes; an internal digital logistics platform is streamlining chartering and supply chain operations, while smart contract execution tools are improving transaction efficiency. The company stated that Reliance is moving toward transforming its Jamnagar operations into the world's first end-to-end autonomous refinery.
The O2C business is entering a new strategic phase, with an increasing focus on chemicals and advanced materials. Reliance stated that it will convert a larger proportion of each barrel of crude oil into chemicals and high-value materials rather than transportation fuels, a shift expected to enhance value creation and long-term business resilience.
On the green chemicals front, Reliance is building a gigafactory for alkaline electrolyzer manufacturing and plans to produce green urea, urea ammonium nitrate (UAN), green ammonia, and biomethanol. The company signed a $30 billion long-term green ammonia supply agreement with Samsung C&T, which the AGM described as one of the largest green ammonia offtake contracts globally, driving the commercialization of its green hydrogen platform. Reliance added that it is in discussions for additional export opportunities to Japan, South Korea, and Europe.
Reliance reaffirmed its commitment to building an integrated energy, chemicals, and materials ecosystem encompassing solar, batteries, hydrogen, bioenergy, and advanced materials. The company believes that the integration of O2C, new energy, and materials businesses will underpin future growth while opening new opportunities in sustainable chemicals, green fuels, and advanced materials markets.
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