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.