Synopsis: Reliance Industries Limited (RIL) has merged Reliance Exploration & Production DMCC with Reliance Industries (Middle East) DMCC, effective September 16, 2025, in a strategic move to simplify its corporate structure and improve efficiency across its international energy portfolio.
Mumbai, September 19 – Reliance Industries Limited (RIL) has announced the amalgamation of its two wholly owned subsidiaries in the Middle East. Reliance Exploration & Production DMCC has been merged with Reliance Industries (Middle East) DMCC, with the restructuring taking effect from September 16, 2025.
Strategic Rationale
The merger is designed to streamline corporate structures, reduce duplication of resources, and enhance coordination across RIL’s international energy operations. Since both entities were wholly owned by RIL, the restructuring has no impact on external shareholders.
For example, if the subsidiaries had overlapping energy operations in the same geography, consolidating them into a single entity eliminates redundancy, lowers costs, and brings operational synergies under one umbrella.
Reliance Industries Q1 FY26 Results
The merger announcement comes shortly after RIL released its Q1 FY26 results, highlighting the company’s diversified growth trajectory:
- Gross Revenue: ₹2,73,252 crore ($31.9 billion), up 6% YoY.
- Jio Platforms Ltd (JPL): Revenue up 18.8%, driven by subscriber additions and higher digital consumption.
- Reliance Retail Ventures Ltd (RRVL): Revenue grew 11.3%, boosted by strong grocery and fashion sales.
- Oil to Chemicals (O2C): Revenue declined 1.5% on account of weaker crude oil prices and volumes.
- Oil and Gas: Revenue dipped 1.2% due to lower production and weaker price realisations.
- EBITDA: ₹58,024 crore ($6.8 billion), up 35.7% YoY, reflecting broad-based growth and operational efficiencies.
- Profit After Tax (PAT): ₹30,783 crore ($3.6 billion), a 76.5% YoY surge, aided by strong operating performance and profit of ₹8,924 crore from the sale of listed investments.
On the expense side, depreciation rose 1.8% to ₹13,842 crore, while finance costs increased 18.9% to ₹7,036 crore, mainly due to costs associated with 5G spectrum rollouts.
Outlook
The merger of subsidiaries underscores RIL’s continued focus on rationalising its global operations and building a more integrated international energy business. With strong performances from Jio and Retail, alongside efforts to streamline its energy verticals, Reliance is positioning itself for sustainable long-term growth.
Summary:
Reliance Industries Limited (RIL) has merged Reliance Exploration & Production DMCC with Reliance Industries (Middle East) DMCC, effective September 16, 2025, to streamline operations and improve efficiency in its international energy portfolio. The move comes as RIL reported a 6% YoY rise in Q1 FY26 revenue to ₹2.73 lakh crore, driven by robust growth in Jio and Retail, while PAT surged 76.5% YoY to ₹30,783 crore.
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