The Board of Reliance Industries Ltd (RIL) has approved a scheme of arrangement under which the EPC and infrastructure undertaking of Reliance Projects and Property Management Services Limited (RPPMSL), a wholly-owned subsidiary of RIL, is proposed to be demerged into RIL. This demerger, together with the existing EPC team in RIL, creates a focused EPC undertaking in RIL to cater to the needs of the group.
Current EPC resources of the RIL group are spread across different operating entities. RIL has a team of 4,000 engineers with expertise across engineering, procurement, project management, and construction. RPPMSL also has a team of 20,000 professionals.
The focused EPC Undertaking will aggregate and synergize the engineering capabilities and expertise of the group. “The EPC undertaking will play a pivotal role in implementing RIL’s large projects across O2C, New Energy, and 5G roll-out. Implementing these mega projects will require significant mobilization of global technology and EPC resources. Increasing infrastructure spend across geographies in oil & gas, chemicals, telecom, and renewable energy sectors is expected to drive significant demand for EPC resources,” stated RIL.
The new EPC Undertaking will facilitate internationalization by setting up EPC Centres of Excellence at strategic offshore locations. It will align with existing subsidiaries of RIL in the USA and Dubai. It will also incorporate new subsidiaries in Singapore and UK.
“The realigned EPC resources will further strengthen RIL’s EPC delivery capabilities by tapping global resources and supply chains. It will also enhance productivity as working across time zones will reduce costs and schedules while ensuring high-quality output,” stated RIL.
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