The LyondellBasell deal could help RIL finally prove it can succeed outside India
When Reliance Industries announced a bonus share issue after its second quarter results this year, it came under fire from market analysts. This was a sign of weakness, said one. They are doing it merely to placate shareholders, was another’s opinion. In its usual style, RIL did not bother to explain itself. Now it has made a play for LyondellBasell, the number one polypropylene (a thermoplastic polymer with a wide range of applications, from underwear to labs) producer in the world.
(This story appears in the 18 December, 2009 issue of Forbes India. To visit our Archives, click here.)