Highlights

  • Jamnagar gasification unit to become wholly-owned subsidiary
  • The transfer will help "unlock the value of syngas"

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Reliance to transfer Jamnagar asset to subsidiary for syngas production

Shareholders of Mukesh Ambani backed Reliance Industries had a terrific Thursday with the largecap surging over 5% in intraday trade as the company announced restructuring and repurposing of their gasification assets.

As per a statement released by the company Jamnagar gasification unit will now become a wholly-owned subsidiary. The transfer will help “unlock the value of syngas" and will help the company’s transition to renewables as its primary source of energy, said the company in a press release.


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