Reliance Merges Two Subsidiaries in Middle East

Reliance Industries Limited (RIL) has announced the amalgamation of its wholly owned subsidiary, Reliance Exploration & Production DMCC, with Reliance Industries (Middle East) DMCC. The merger became effective on September 16, 2025.

The amalgamation is aimed at streamlining corporate structures, improving operational efficiency, and aligning business activities within RIL’s international energy portfolio. Both subsidiaries, being wholly owned, make the restructuring a strategic move without affecting external shareholders.

For instance, if Reliance had two different subsidiaries in the same region managing overlapping energy operations, merging them into one entity reduces duplication of resources, lowers costs, and enhances coordination.

Reliance Industries Share Price Performance

On September 18, 2025, Reliance Industries share price (NSE: RELIANCE) opened at ₹1,420.40 and closed at ₹1,415.00, up by 0.08%. The stock price touched its day’s high at ₹1,422.00.

Also Read: Reliance Industries Establishes Reliance Intelligence!

Reliance Industries Q1 FY26 Results

Reliance Industries reported gross revenue of ₹2,73,252 crore ($31.9 billion) in Q1 FY26, marking a 6% year-on-year growth. The performance was driven by strong contributions from Jio Platforms Limited (JPL), which saw an 18.8% rise in revenue on the back of subscriber growth and higher digital consumption, and Reliance Retail Ventures Limited (RRVL), which posted an 11.3% increase supported by robust performance in grocery and fashion.

However, revenues from the Oil to Chemicals (O2C) business declined 1.5% due to lower crude oil prices and volumes, while Oil and Gas revenues fell 1.2% because of declining production and weaker price realisations.

EBITDA for the quarter surged 35.7% Y-o-Y to ₹58,024 crore ($6.8 billion), reflecting strong growth across JPL, RRVL, and O2C, aided by operational efficiencies and favourable margins.

Profit After Tax rose sharply by 76.5% Y-o-Y to ₹30,783 crore ($3.6 billion), supported by higher operating performance and ₹8,924 crore of profit from the sale of listed investments.

On the cost side, depreciation grew 1.8% to ₹13,842 crore, while finance costs rose 18.9% to ₹7,036 crore, primarily due to 5G spectrum operationalisation.

Conclusion

The merger reflects RIL’s ongoing efforts to simplify its global operations and strengthen its energy presence in the Middle East. With the consolidation, the company is expected to achieve better efficiency and focus in managing its overseas ventures.

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