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RIL, RPL board to consider merger plans
 
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February 27, 2009 18:16 IST
The boards of Mukesh Ambani promoted Reliance Industries [Get Quote] and Reliance Petroleum [Get Quote] will meet on Monday to consider the merger of the two entities.

In two separate filings, both the companies said a meeting of the board of directors will be held on March 2, to consider and recommend the amalgamation of Reliance Petroleum and Reliance Industries, the country's most valued firm in terms of market capitalisation.

Reliance Petroleum is an only-for-export refinery and its 5,80,000-barrels-per-day only for exports refinery at Jamnagar in Gujarat was commissioned last month.


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