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Reliance creates biggest refining operations

March 3, 2009
Reliance Industries, India's largest listed firm, said it is to absorb its 70 per cent-owned Reliance Petroleum unit through a share offer, creating the world's largest refining complex.

Reliance official also said that the move would boost earnings from year one -- at a time when world crude oil prices have slumped 71 per cent since hitting a record high last July.

Video: ANI
Also see: RIL-RPL merger gets nod

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