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Reliance s O2C, new energy business may be valued over $100 billion: Report SECTIONS Last Updated: Jul 18, 2021, 02:32 PM IST Share Synopsis Reliance currently has three verticals oil-to-chemical (O2C) business that houses its oil refineries, petrochemical plants and fuel retailing business; digital services that comprises telecom arm Jio; and retail including e-commerce. New Energy will be the fourth vertical. Agencies At the time of announcing talks to sell stake to Aramco in 2019, Ambani had put USD 75 billion as the valuation of O2C business. Billionaire Mukesh Ambani-led Reliance Industries Ltd s plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of USD 36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report.

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